Prepayment Percentage definition

Prepayment Percentage. As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group III Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class Cr-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 Cr-B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Group III Class Cr-B-5 Prepayment Percentage for such Distribution Date will be zero.

Prepayment Percentage. For any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class A and Residual Certificates has been reduced to zero, then the Subordinate Prepayment Percentage shall equal 100%.

Examples of Prepayment Percentage in a sentence

• Any entitlement of any Class of Class B Certificates to principal payments solely pursuant to this clause (ii) shall not cause such Class to be regarded as being eligible to receive principal distributions for the purpose of applying the definition of its Class B Percentage or Class B Prepayment Percentage.

• See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.

• Any entitlement of any Class of Class B Certificates to principal payments solely pursuant to this clause (ii) shall not cause such Class to be regarded as being eligible to receive such unscheduled principal distributions for the purpose of applying the definition of its Class B Prepayment Percentage.

• Any entitlement of any Class B Subclass to principal payments solely pursuant to this clause (ii) shall not cause such Subclass to be regarded as being eligible to receive principal distributions for the purpose of applying the definition of its Class B Subclass Percentage or Class B Subclass Prepayment Percentage.

• If on any Distribution Date the allocation to the Group 1-A or Group 2-A Certificates of Principal Prepayments in the percentage required would reduce the aggregate Class Principal Balance of such Certificates below zero, the Group 1 Senior Prepayment Percentage or the Group 2 Senior Prepayment Percentage, as applicable, for such Distribution Date shall be limited to the percentage necessary to reduce such aggregate Class Principal Balance to zero.

More Definitions of Prepayment Percentage

Prepayment Percentage means (x) with respect to a Prepayment Event described in clause (a) of the definition of Prepayment Event, the Asset Sale Prepayment Percentage and (y) with respect to a Prepayment Event described in clause (b) of the definition of Prepayment Event, 100%.

Prepayment Percentage means 100%.

Prepayment Percentage shall have the meaning set forth in Schedule A. “Prime Rate” shall have the meaning set forth in the Partnership Agreement.

Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group V Subordinated Prepayment 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 (a) for the purpose of allocating Liquidation Proceeds (other than Partial Liquidation Proceeds), the Class B Principal Balance and (b) for the purpose of allocating all other unscheduled principal distributions, the Principal Balances of the Classes of Class B Certificates eligible to receive such unscheduled 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 such unscheduled principal distributions in accordance with Section 4.01(d)(i), the Group V Class B-5 Prepayment Percentage for such unscheduled principal distributions for such Distribution Date will be zero.

Prepayment Percentage means (A) three percent (3%) with respect to Term A-2 Loans prepaid after February 27, 2022 and prior to April 17, 2022 and one percent (1%) with respect to Term A-2 Loans prepaid after April 17, 2022 but prior to the Term A-2 Termination Date.

Prepayment Percentage means (i) three percent (3%) of the Term Loan amount prepaid on or prior to the first anniversary of the Effective Date, (ii) one and one-half percent (1.5%) of the Term Loan amount prepaid after the first anniversary of the Effective Date of such Term Loan but on or prior to the second anniversary of the Effective Date, and (iii) three quarters of one percent (0.75%) of the Term Loan amount prepaid after the second anniversary of the Effective Date but prior to the Term Loan Maturity Date.

Prepayment Percentage means, with respect to: