Note B Percentage Interest definition

Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.
Note B Percentage Interest means, as of any date, the ratio of the Note B Principal Balance to the Mortgage Loan Principal Balance.
Note B Percentage Interest means individually or collectively, as the context may require, the Note B-1 Percentage Interest and/or the Note B-2 Percentage Interest, as the case may be.

Examples of Note B Percentage Interest in a sentence

  • The Directing Note B Holder shall have the right to advance on or before the date specified in the related notice its pro rata share of any such that relates to Note B, determined based upon the Aggregate Note B Percentage Interest.


More Definitions of Note B Percentage Interest

Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the sum of the Note B-1-A Principal Balance, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance and the Note B-2-B Principal Balance and the denominator of which is the sum of the Note A-1-A Principal Balance, the Note A-1-B Principal Balance, the Note A-2-A Principal Balance, the Note A-2-B Principal Balance, the Note X-0-X Xxxxxxxxx Xxxxxxx, the Note B-1-B Principal Balance, the Note B-2-A Principal Balance, the Note B-2-B Principal Balance, the Note C-1 Principal Balance and the Note C-2 Principal Balance.
Note B Percentage Interest means, as of any date, with respect to Note B-1-EMP, Note B-1-SFC, Note B-2-EMP and/or Note B-2-SFC, individually or collectively, as the context may require, the ratio of such Note’s Principal Balance to the Mortgage Loan Principal Balance.

Related to Note B Percentage Interest

  • Percentage Interest means, with respect to each Note Holder, a fraction, expressed as a percentage, the numerator of which is the Note Principal Balance of the Note held by such Note Holder and the denominator of which is the sum of the Note Principal Balances of all of the Notes.