Examples of Senior Specified Enhancement Percentage in a sentence
For each group, the later of (i) the April 2002 Distribution Date and (ii) the first Distribution Date on which the applicable Senior Enhancement Percentage (i.e., the sum of the Subordinate Certificates + the O/C amount for the applicable group divided by the aggregate Loan Balance of the Mortgage Loans for such group) is greater than or equal to the applicable Senior Specified Enhancement Percentage (including O/C), which is equal to two times the initial AAA subordination.
The first Distribution Date on which the Senior Enhancement Percentage (i.e., the sum of the outstanding principal balance of the subordinate Certificates and the O/C amount divided by the aggregate stated principal balance of the Mortgage Loans) is greater than or equal to the Senior Specified Enhancement Percentage (including O/C), which is equal to two times the initial AAA subordination percentage.
Senior Specified Enhancement Percentage --------------------------------------- As of any date of determination thereof, 40.00%.
Senior Specified Enhancement Percentage --------------------------------------- As of any date of determination thereof, 44.30%.
SUBORDINATE The first Distribution Date on which the Senior CLASS PRINCIPAL Enhancement Percentage (i.e., the sum of the DISTRIBUTION outstanding principal balance of the Class M and DATE Class B Certificates and the O/C amount divided by the aggregate stated principal balance of the Mortgage Loans) is greater than or equal to the Senior Specified Enhancement Percentage (including O/C), which is equal to two times the initial AAA subordination percentage.