Examples of Senior Enhancement Percentage in a sentence
A Trigger Event is in effect on any Distribution Date if (i) on that Distribution Date the 60 Day+ Rolling Average equals or exceeds 40% of the prior period's Senior Enhancement Percentage and (ii) may include other trigger events related to the performance of the Mortgage Loans.
Senior Enhancement Percentage ----------------------------- With respect to any Distribution Date, the percentage obtained by dividing (a) the sum of (i) the aggregate Class Certificate Balance of the Subordinate Certificates and (ii) the Overcollateralization Amount, in each case before taking into account the distribution of the Principal Distribution Amounts on that Distribution Date by (b) the Pool Principal Balance as of the last day of the related Due Period.
Senior Enhancement Percentage With respect to any Distribution Date, the percentage obtained by dividing (a) the sum of (i) the aggregate Class Certificate Balance of the Subordinate Certificates and (ii) the Overcollateralization Amount, in each case before taking into account the distribution of the Principal Distribution Amount on that Distribution Date by (b) the Pool Principal Balance as of the last day of the related Due Period.
Sequentially, to the Class A1, A2 and A3 Certificates, until reduced to zero; and(II)Sequentially, to the Class M1, Class M2, and Class M3 Certificates.On or after the Stepdown Date and as long as a Trigger Event is not in effect, principal will be first allocated to the Class A Certificates as described in (I) above, so that the Senior Enhancement Percentage equals two times the original Senior Enhancement Percentage.
Senior Enhancement Percentage ----------------------------- With respect to any Distribution Date, the percentage obtained by dividing (a) the sum of (i) the aggregate Class Certificate Balance of the Subordinate Certificates and (ii) the Overcollateralization Amount, in each case before taking into account the distribution of the Principal Distribution Amount on that Distribution Date by (b) the Pool Principal Balance as of the last day of the related Due Period.