NAS Percentage definition

NAS Percentage. For any Distribution Date, the lesser of (x) 100% and (y) the percentage (carried to six places rounded up) obtained by dividing (1) the Class Certificate Balance of the NAS Certificates immediately prior to such Distribution Date by (2) the aggregate Class Certificate Balance of the Group I Senior Certificates immediately prior to such Distribution Date.
Sample 1
NAS Percentage. Not applicable.
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NAS Percentage. Not applicable. NAS Prepayment Shift Percentage: Not applicable.
Sample 1Sample 2Sample 3

Examples of NAS Percentage in a sentence

  • NAS Distribution Percentage: 0% through the Distribution Date in July 2008; 30% of the applicable NAS Percentage thereafter through the Distribution Date in July 2009; 40% of the applicable NAS Percentage thereafter through the Distribution Date in July 2010; 60% of the applicable NAS Percentage thereafter through the Distribution Date in July 2011; 80% of the applicable NAS Percentage thereafter through the Distribution Date in July 2012; and 100% of the applicable NAS Percentage thereafter.


More Definitions of NAS Percentage

NAS Percentage. With respect to each Distribution Date and each Class of NAS Certificates, the lesser of (i) 100% and (ii) the percentage obtained by dividing (a) the sum of the Class Principal Amount of such Class immediately prior to such Distribution Date and $9,300,000 by (b) the Non-AP Mortgage Pool Balance for the related Pool immediately prior to such Distribution Date.
Sample 1
NAS Percentage. With respect to any Distribution Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing (x) the aggregate Certificate Balance of the Class 1A-1 Certificates immediately prior to such date by (y) the aggregate Certificate Balance of the Class 1A-1, Class 1A-2, Class 1A-3, Class 1A-5 and Class 1A-6 Certificates immediately prior to such date.
Sample 1
NAS Percentage. With respect to each Distribution Date and each Class of NAS Certificates, the percentage obtained by dividing (a) the Class Principal Amount of such Class immediately prior to such Distribution Date by (b) the Non-AP Pool Balance for the related Pool immediately prior to such Distribution Date.
Sample 1
NAS Percentage. With respect to each Distribution Date and the Class 1-A5 Certificates, the percentage obtained by dividing (a) the Class Principal Amount of such Class immediately prior to such Distribution Date by (b) the excess of the Non-AP Pool Balance for Pool 1immediately prior to such Distribution Date divided by the quotient of (i) the Class Principal Amount of the Class 1-A1 Certificates immediately prior to such Distribution Date and (ii) 100 minus the quotient of (A) the Group Subordinate Amount with respect to Pool 1 and (B) the Non-AP Pool Balance for Pool 1 immediately prior to such Distribution Date. With respect to each Distribution Date and the Class 3-A6 Certificates, the percentage obtained by dividing (a) the Class Principal Amount of such Class immediately prior to such Distribution Date by (b) the Non-AP Pool Balance for the related Pool immediately prior to such Distribution Date.
Sample 1
NAS Percentage. With respect to any Distribution Date occurring prior to the Distribution Date in November 2012, 0%. For any Distribution Date occurring after the first five years following the Closing Date, a percentage determined as follows: · for any Distribution Date during the sixth year after the Closing Date, 30%; · for any Distribution Date during the seventh year after the Closing Date, 40%; · for any Distribution Date during the eighth year after the Closing Date, 60%; · for any Distribution Date during the ninth year after the Closing Date, 80%; and · for any Distribution Date thereafter, 100%.
Sample 1

Related to NAS Percentage

  • Series Percentage means, with respect to any specified category, with respect to any Distribution Date or Trust Distribution Date, as applicable, the sum of the Class Percentages with respect to such category for each Class of the Series established hereby on such Distribution Date or Trust Distribution Date, as applicable.

  • Funded Percentage means, with respect to any Lender at any time, a percentage equal to a fraction the numerator of which is the amount actually disbursed and outstanding to Borrower by such Lender at such time and the denominator of which is the total amount disbursed and outstanding to Borrower by all of the Lenders at such time.

  • Shift Percentage As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.

  • PO Percentage As to any Discount Mortgage Loan, a fraction (expressed as a percentage) the numerator of which is the excess of the Required Coupon over the Adjusted Net Mortgage Rate of such Discount Mortgage Loan and the denominator of which is such Required Coupon. As to any Non-Discount Mortgage Loan, 0%.

  • Pool Percentage With respect to each Mortgage Pool and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Pool Balance for such Mortgage Pool for such date and the denominator of which is the Aggregate Pool Balance for such date.

  • Total Percentage means, with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate Exposure at such time to the Aggregate Exposure of all Lenders at such time.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction:

  • Permitted Percentage means 25% of the voting power of the Stock.

  • L/C Percentage as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as such percentage may be adjusted as provided in Section 2.23.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

  • Class Percentage With respect to each Class of Subordinate Certificates, for each Distribution Date, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the sum of the Class Principal Amounts of all Certificates immediately prior to such date.

  • Class B Percentage Any one of the Class B-1 Percentage, Class B-2 Percentage, Class B-3 Percentage, Class B-4 Percentage, Class B-5 Percentage or Class B-6 Percentage.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Invested Percentage means, on any date of determination with ------------------- respect to any Distribution Date: (a) when used with respect to Principal Receivables during the Accumulation Period or the Rapid Amortization Period, the Fixed Allocation Percentage; and (b) when used with respect to Principal Receivables during the Revolving Period and Finance Charge Receivables and Defaulted Receivables at any time, the Floating Allocation Percentage.

  • Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the Facility Usage on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Cash Percentage shall have the meaning specified in Section 14.02(a)(iii).

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.

  • Asset Percentage has the meaning specified in Section 2.05(b)(ii).

  • Class B-2 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Percentage for such Distribution Date will be zero.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Class B-4 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.

  • Designated Percentage shall have the meaning set forth in Section 1(a) hereof.

  • Retained Percentage means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with respect to such Excess Cash Flow Period.

  • Class B-5 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Percentage for such Distribution Date will be zero.