LOCKOUT SHIFT PERCENTAGE. With respect to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE OCCURRING IN LOCKOUT SHIFT PERCENTAGE August 2007 through July 2012 0% August 2012 through July 2013 30% August 2013 through July 2014 40% August 2014 through July 2015 60% August 2015 through July 2016 80% August 2016 and thereafter 100% Lower-Tier Interest: Any one of the interests in any Lower-Tier REMIC or Middle-Tier REMIC 1 as described in the Preliminary Statement.
LOCKOUT SHIFT PERCENTAGE. With respect to any Distribution Date, the percentage indicated below: Distribution Date Occurring in Lockout Shift Percentage February 2007 through January 2012 0 % February 2012 through January 2013 30 % February 2013 through January 2014 40 % February 2014 through January 2015 60 % February 2015 through January 2016 80 % February 2016 and thereafter 100 % LONDON BUSINESS DAY: Any day on which banks are open for business in London and on which dealings in deposits in U.S. dollars are transacted in the London interbank market.
More Definitions of LOCKOUT SHIFT PERCENTAGE
LOCKOUT SHIFT PERCENTAGE. With respect to any Distribution Date on or prior to the Distribution Date occurring in March 2004, 0%, and thereafter, 100%.
LOCKOUT SHIFT PERCENTAGE. With respect to any Distribution Date, the percentage indiated below: DISTRIBUTION DATE OCCURRING IN LOCKOUT SHIFT PERCENTAGE ------------------------------ ------------------------ March 2007 through February 2012................. 0%
LOCKOUT SHIFT PERCENTAGE. For any Distribution Date occurring prior to the Distribution Date in July 2011, 0%. For any Distribution Date occurring after the first five years following the Closing Date, a percentage determined as follows: o for any Distribution Date during the sixth year after the Closing Date, 30%; o for any Distribution Date during the seventh year after the Closing Date, 40%; o for any Distribution Date during the eighth year after the Closing Date, 60%; o for any Distribution Date during the ninth year after the Closing Date, 80%; and o for any Distribution Date thereafter, 100%.
LOCKOUT SHIFT PERCENTAGE. For any Distribution Date occurring prior to the Distribution Date in October 2011, 0%. For any Distribution Date occurring thereafter, as follows: 30% for any Distribution Date on or after October 2011 and prior to October 2012; 40% for any Distribution Date on or after October 2012 and prior to October 2013; 60% for any Distribution Date on or after October 2013 and prior to October 2014; 80% for any Distribution Date on or after October 2014 and prior to October 2015; and 100% for any Distribution Date thereafter. Lower Priority: As of any date of determination and any Class of Subordinate Certificates, any other Class of related Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02(a).
LOCKOUT SHIFT PERCENTAGE. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Shift Percentage -------------------------------- ---------------- March 2008 through February 2013 0% March 2013 through February 2014 30% March 2014 through February 2015 40% March 2015 through February 2016 60% March 2016 through February 2017 80% March 2017 and thereafter 100%
LOCKOUT SHIFT PERCENTAGE. With respect to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE OCCURRING IN LOCKOUT SHIFT PERCENTAGE January 2007 through December 2011 0% January 2012 through December 2012 30% January 2013 through December 2013 40% January 2014 through December 2014 60% January 2015 through December 2015 80% January 2016 and thereafter 100% Lower-Tier Interest: Any one of the interests in Lower-Tier REMIC 1 or Middle-Tier REMIC 1 as described in the Preliminary Statement. Lower-Tier REMIC 1: As described in the Preliminary Statement. Lower-Tier REMIC: Lower-Tier REMIC 1.
LOCKOUT SHIFT PERCENTAGE. For any Distribution Date occurring prior to the Distribution Date in June 2011, 0%. For any Distribution Date occurring thereafter, as follows: 30% for any Distribution Date on or after June 2011 and prior to June 2012; 40% for any Distribution Date on or after June 2012 and prior to June 2013; 60% for any Distribution Date on or after June 2013 and prior to June 2014; 80% for any Distribution Date on or after June 2014 and prior to June 2015; and 100% for any Distribution Date thereafter. Maturity Date: May 25, 2036, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.