Lockout Certificate Percentage definition

Lockout Certificate Percentage. For each Distribution Date, the percentage equal to the aggregate Certificate Principal Balance of the Class A-7 Certificates immediately prior to such Distribution Date divided by the sum of the aggregate Certificate Principal Balances of the Class A Certificates immediately prior to such Distribution Date.

Lockout Certificate Percentage. With respect to the Class AF-6 Certificates and any Distribution Date, the percentage equal to the Certificate Principal Balance of the Class AF-6 Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date.

Lockout Certificate Percentage. With respect to the Class A-4 Certificates and each Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the Certificate Principal Balance of the Class A-4 Certificates immediately prior to such Distribution Date and the denominator of which is (y) the aggregate Certificate Principal Balances of the Class A Certificates immediately prior to such Distribution Date.

Examples of Lockout Certificate Percentage in a sentence

• The Lockout Distribution Percentage for any distribution date occurring after the first three years following the closing date will be as follows: o for any distribution date during the fourth and fifth years after the closing date, 45% o for any distribution date during the sixth year after the closing date, 80% o for any distribution date during the seventh year after the closing date, 100% o for any distribution date thereafter, the lesser of: o 300% of the Lockout Certificate Percentage and o 100%.

• Lockout Certificate Percentage -- A percentage calculated for each distribution date equal to the aggregate Certificate Principal Balance of the Lockout Certificates divided by the sum of the aggregate Certificate Principal Balances of the Class A-I Certificates.

• The Lockout Certificate Percentage for the Class A-5 Certificates will be calculated for each Distribution Date to be the percentage equal to the Class Certificate Balance of the Class A-5 Certificates immediately prior to such Distribution Date divided by the aggregate Class Certificate Balance of the Class A Certificates immediately prior to such Distribution Date.

More Definitions of Lockout Certificate Percentage

Lockout Certificate Percentage. With respect to the Class A-5 Certificates and each Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the Certificate Principal Balance of the Class A-5 Certificates immediately prior to such Distribution Date and the denominator of which is (y) the aggregate Certificate Principal Balance of the CA Certificates (other than the Class A-IO Certificates) and Class R Certificates immediately prior to such Distribution Date.

Lockout Certificate Percentage. With respect to any Distribution Date, the percentage indicated below for such Distribution Date: ------------------------------------------------------------------------- Distribution Date occurring in: Lockout Percentage ------------------------------------------------------------------------- March 2005 through and including February 2008 0% ------------------------------------------------------------------------- March 2008 through and including February 2010 45% ------------------------------------------------------------------------- March 2010 through and including February 2011 80% ------------------------------------------------------------------------- March 2011 through and including February 2012 100% ------------------------------------------------------------------------- ------------------------------------------------------------------------- March 2012 and thereafter 300% -------------------------------------------------------------------------

Lockout Certificate Percentage. With respect to any Distribution Date and the Class AF-7 Certificates, the fraction, expressed as a percentage, the numerator of which is the Certificate Principal Balance of the Class AF-7 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date.

Lockout Certificate Percentage. A fraction, expressed as a percentage, equal to (x) the aggregate Certificate Principal Balance of the Class A-5 Certificates divided by (y) the aggregate Certificate Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-5 Certificates and the amounts of the Class A-10 Components A, D and F.

Lockout Certificate Percentage. With respect to each Distribution Date and the NAS Certificates, an amount calculated for each Distribution Date to be the percentage equal to the aggregate Certificate Principal Balance of the NAS Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.

Lockout Certificate Percentage. For any Distribution Date, the percentage equal to the aggregate Certificate Principal Balance of the Lockout Certificates divided by the sum of the aggregate Certificate Principal Balances of the Senior Certificates, in each case immediately prior to such Distribution Date. [TPW: NY01:613641.4] 16069-00420 10/29/97 10:50PM 12

Lockout Certificate Percentage. Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.