Prepayment Shift Percentage. Not applicable.
Prepayment Shift Percentage. As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. Thereafter, the Prepayment Shift Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will be 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%.
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Prepayment Shift Distribution Date Occurring In Percentage ------------------------------ ----------
Examples of Prepayment Shift Percentage in a sentence
For any Distribution Date will be the percentage indicated below: Class A-__ and Class A-__ Distribution Date Occurring In Prepayment Shift Percentage ------------------------------ --------------------------- _________ 1999 through ______ 2004.........
Distribution Amounts for Loan Group 1, (B) the Shift Percentage and (C) the Group I Priority Percentage and (ii) the product of (A) Unscheduled Principal Distribution Amounts for Loan Group 1, (B) the Prepayment Shift Percentage and (C) the Group I Priority Percentage.
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Senior Prepayment On any distribution date, the sum of (1) the Percentage: Senior Percentage and (2) the product of (a) the Senior Principal Prepayment Shift Percentage for that distribution date multiplied by (b) the Subordinate Percentage for that distribution date.
More Definitions of Prepayment Shift Percentage
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below:
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Prepayment Shift Distribution Date Occurring In 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%
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Prepayment Shift Percentage
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Shift Percentage -------------------------------------------------------------------------------- September 2007 through August 2012 0% September 2012 through August 2013 30% September 2013 through August 2014 40% September 2014 through August 2015 60% September 2015 through August 2016 80% September 2016 and thereafter 100% Principal Adjustment: In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Class A-4 Prepayment Shift Percentage
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Prepayment Shift Distribution Date Occurring In Percentage
Prepayment 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%; provided, however, there will be no increase to the Class A-13 Prepayment Shift Percentage unless both of the following conditions are satisfied: (i) the outstanding principal balance of all Mortgage Loans delinquent 60 days or more (including Mortgage Loans in foreclosure, REO Property and Mortgage Loans the mortgagors of which are in bankruptcy) (averaged over the preceding six month period), as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to the Mortgage Loans do not exceed (a) commencing with the Distribution Date on the fifth anniversary of the first Distribution Date, 30% of the Original Subordinate Principal Balance, (b) commencing with the Distribution Date on the sixth anniversary of the first Distribution Date, 35% of the Original Subordinate Principal Balance, (c) commencing with the Distribution Date on the seventh anniversary of the first Distribution Date, 40% of the Original Subordinate Principal Balance, (d) commencing with the Distribution Date on the eighth anniversary of the first Distribution Date, 45% of the Original Subordinate Principal Balance, and (e) commencing with the Distribution Date on the ninth anniversary of the first Distribution Date, 50% of the Original Subordinate Principal Balance.