Noteholders' Percentage means with respect to any Determination Date (i) relating to a Distribution Date prior to the Distribution Date on which the principal amount of the Notes is reduced to zero, 100%; (ii) relating to the Distribution Date on which the principal amount of the Notes is reduced to zero, the percentage equivalent of a fraction, the numerator of which is the outstanding principal balance of the Notes that remain unpaid immediately prior to such Distribution Date, and the denominator of which is the Principal Distributable Amount; and (iii) relating to any other Distribution Date, 0%.
Noteholders' Percentage means for any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate of the principal balances of the Class A-0, Xxxxx X-0, and the Class A-4 Notes as of the Closing Date, and the denominator of which is the aggregate of such principal balances plus the principal amount of the Certificates as of the Closing Date.
Noteholders' Percentage means 100% until the point in time at which the Class A-1 Notes and Class A-2 Notes have been paid in full and zero thereafter.
Examples of Noteholders' Percentage in a sentence
The Note Insurer has issued a MBIA Insurance Policy in the name of the Indenture Trustee for the benefit of the Noteholders, which policy guarantees payments on each Payment Date to the Indenture Trustee for the benefit of the Noteholders of the related Noteholders' Percentage Interest in the Required Payment Amount for such Payment Date.
The court then cited in support the Supreme Court case of ‘Shiromani Gurudwara Prabandhak Committee, Amritsar v.
The Noteholders' Principal Distributable Amount will equal the sum of (x) the Noteholders' Percentage of the Principal Distributable Amount and (y) any unpaid portion of the amount described in clause (x) with respect to a prior Distribution Date.
The Noteholder's Percentage shall be initially computed as of the opening of business of the Servicer on the date of the Cut-Off Date.
The Note Insurer has issued a Ambac Insurance Policy in the name of the Indenture Trustee for the benefit of the Noteholders, which policy guarantees payments on each Payment Date to the Indenture Trustee for the benefit of the Noteholders of the related Noteholders' Percentage Interest in the Required Payment Amount for such Payment Date.
More Definitions of Noteholders' Percentage
Noteholders' Percentage means (i) for each Distribution Date until the Distribution Date on which the aggregate principal amount of all of the Notes has been paid in full, 100%; (ii) for the Distribution Date on which the Notes have been paid in full, the percentage of Allocable Principal required to pay all of the Notes in full; and (iii) thereafter, 0%.
Noteholders' Percentage means a fraction, expressed as a percentage, the numerator of which is the principal amount of the Notes issued on the Closing Date and the denominator of which is the sum of the principal amount of the Notes issued on the Closing Date and the principal balance of the Certificates issued on the Closing Date.
Noteholders' Percentage means (i) 100% for each Payment Date occurring before the Payment Date on which the Class A-2 Notes have been paid in full, (ii) the Fixed Note Percentage (or such greater percentage as would be necessary to pay the Class A-2 Notes in full) on such Payment Date, (iii) the Fixed Note Percentage after such Payment Date until all of the Notes have been paid in full and (iv) zero thereafter; provided, however, that (x) if the amount on deposit in the Reserve Account on any Payment Date would be, after giving effect to distributions on such Payment Date, less than 0.50% of the Original Pool Balance, the Noteholders' Percentage will be 100% for such Payment Date and each Payment Date thereafter until the Notes have been paid in full or the amount on deposit in the Reserve Account equals or exceeds the Specified Reserve Account Balance and (y) if the Notes have been accelerated after the occurrence of an Event of Default, the Noteholders' Percentage will be 100% for each Payment Date thereafter until the Notes have been paid in full.
Noteholders' Percentage means 100% until the point in time at which the Notes have been paid in full and zero thereafter.
Noteholders' Percentage means with respect to any Determination Date (i) relating to a Distribution Date prior to the Distribution Date on which the combined principal amount of the Class A-3 Notes is reduced to zero, 100%; (ii) relating to the Distribution Date on which the combined principal amount of the Class A-3 Notes is scheduled to be reduced to zero, the percentage equivalent of a fraction, the numerator of which is the combined outstanding principal balance of the Class A-3 Notes that remain unpaid immediately prior to such Distribution Date, and the denominator of which is the Principal Distributable Amount for such Distribution Date; and (iii) relating to any other Distribution Date, 0%.
Noteholders' Percentage for any Payment Date means 95.79%, except that on the Payment Date following (a) the cessation of a period during which either the Specified Delinquency Percentage or Specified Charge-off Rate Percentage exceeded 2.25% or (b) the rescission of an acceleration of the Notes after an Event of Default, the Noteholders' Percentage is the lesser of (x) the percentage equivalent of a fraction the numerator of which is the aggregate of the outstanding principal balances of the Class A-2, Class A-3 and Class A-4 Notes as of the Payment Date (prior to making any distributions on such Payment Date) and the denominator of which is the Pool Balance as of the last day of the related Collection Period and (y) the Noteholders' Percentage for the previous Payment Date.
Noteholders' Percentage means with respect to any Determination Date (i) relating to a Payment Date prior to the Payment Date on which the principal amount of the Class A-4 Notes is reduced to zero, 98.25%; (ii) relating to the Payment Date on which the principal amount of the Class A-4 Notes is reduced to zero, the percentage equivalent of a fraction, the numerator of which is the principal amount of the Class A-4 Notes immediately prior to such Payment Date, and the denominator of which is the Principal Distributable Amount; and (iii) relating to any other Payment Date, 0%