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%.
Group I Senior Specified Enhancement Percentage: -------------------- 18.70% or (8.25% + 1.10%)*2 TRIGGER EVENT: If the percentage obtained by dividing (x) the principal amount of 60+ Day Delinquent Loans (including foreclosures and REOs) in Group I by (y) the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the immediately preceding Remittance Period equals or exceeds [0.40] multiplied by the Group I Senior Enhancement Percentage.