Seller Percentage definition

Seller Percentage means, on any date of determination, when used ----------------- with respect to Principal Receivables, Finance Charge Receivables and Receivables in Defaulted Accounts, a percentage equal to 100% minus the ----- Aggregate Investor Percentage with respect to such categories of Receivables.

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Seller Percentage means, on any date of determination, with respect to any specified category, an amount equal to 100% of such category minus the applicable Aggregate Investor Percentage.

Seller Percentage means the applicable percentage of Finance Charge Collections, Principal Collections and charge-offs to be allocated to the Seller Interest, which will equal in each case 100% minus the sum of all the Class Percentages for that type of collections or charge-offs.

Examples of Seller Percentage in a sentence

Notwithstanding anything to the contrary herein, the Mortgage Loan Seller’s obligation in respect of a Material Defect with respect to any portion of a Joint Mortgage Loan sold by it shall be solely in respect of the Mortgage Loan Seller’s pro rata share of such Joint Mortgage Loan based on its Joint Mortgage Loan Seller Percentage Interest in such Joint Mortgage Loan.
Neither the Servicer nor the Trustee shall make any Monthly Interest Payment Advance or Administrative Advance with respect to any Loan Seller Percentage Interest in the Trust Loan that has been repurchased as described herein.
No Work-out Fee shall be payable to the Special Servicer if any related mezzanine lender purchases the Mortgage Loan pursuant to the related mezzanine intercreditor agreement or similar agreement or any Loan Seller repurchases its Loan Seller Percentage Interest in the Trust Loan or makes a Loss of Value Payment pursuant to the related Trust Loan Purchase Agreement.
No Work-out Fee shall be payable to the Special Servicer if any related mezzanine lender purchases the Mortgage Loan pursuant to the related mezzanine intercreditor agreement or similar agreement or any Loan Seller repurchases its Loan Seller Percentage Interest in the Trust Loan (or any allocable part thereof) or makes a Loss of Value Payment pursuant to the related Trust Loan Purchase Agreement.
The Series Share of each Series that specifies a Minimum Seller Percentage of zero shall be allocated to such series.

More Definitions of Seller Percentage

Seller Percentage means a percentage equal to 100% minus the aggregate investor percentages and, if applicable, the percentage interest of credit enhancement providers, for all series issued by master trust II that are then outstanding.

Seller Percentage means, on any date of determination, when used with respect to Principal Receivables, Finance Charge Receivables and Receivables in Defaulted Accounts, a percentage equal to 100% minus the Aggregate Investor Percentage with respect to such categories of Receivables.

Seller Percentage of any Seller means the percentage listed on Schedule 2(a) opposite such Seller’s name.

Seller Percentage means, with respect to each Seller, the percentage set forth on Schedule 5.6(a)(i).

Seller Percentage means, with respect to a Seller, the percentage set forth in the “Seller Percentage” column with respect to such Seller on Schedule A.

Seller Percentage means the percentage set forth next to each Seller's signature to this Master Trust Agreement which each Seller agrees and acknowledges represents the applicable portion that the value of the Purchased Receivables transferred by such Seller to the Trustee on the Initial Closing Date constitutes of the aggregate value of all of the Purchased Receivables transferred by all of the Sellers to the Trustee on such date. "SELLERS' REPRESENTATIVE" shall have the meaning specified in SECTION 3.5.