Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: April 2006 through March 2011 0% April 2011 through March 2012 30% April 2012 through March 2013 40% April 2013 through March 2014 60% April 2014 through March 2015 80% After March 2015 100%
Stepdown Percentage. For any Distribution Date: (i) 0% until and including the Distribution Date in November 2008, (ii) 30% from the Distribution Date in December 2008 until and including the Distribution Date in November 2009, (iii) 40% from the Distribution Date in December 2009 until and including the Distribution Date in November 2010, (iv) 60% from the Distribution Date in December 2010 until and including the Distribution Date in November 2011, (v) 80% from the Distribution Date in December 2011 until and including the Distribution Date in November 2012 and (vi) 100% thereafter.
Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: January 2006 through December 2010 0% January 2011 through December 2011 30% January 2012 through December 2012 40% January 2013 through December 2013 60% January 2014 through December 2014 80% January 2015 and thereafter 100%
Examples of Stepdown Percentage in a sentence
If the Stepdown Conditions are not satisfied on that Determination Date, the Stepdown Percentage is 100%.
Determination of Stepdown Percentage The Stepdown Percentage on a Determination Date is determined as follows.
The Stepdown Percentage on a Determination Date is determined as follows.
The Stepdown Percentage on a Determination Date is determined as follows: 1.
The information is meant for the manufacturer in case they need to trace the food back to the source.
More Definitions of Stepdown Percentage
Stepdown Percentage has the meaning assigned to such term in the definition of “Required Excess Cash Flow Percentage”.
Stepdown Percentage in relation to a Determination Date means the percentage calculated in accordance with Schedule 10 for that Determination Date.
Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% After [________] [________]%
Stepdown Percentage. With respect to any Mortgage Loan and the determination of the related Repurchase Price Percentage, such percentage as when multiplied by the related Purchase Price Percentage shall reduce the Repurchase Price Percentage monthly, on a straightline basis, until the Repurchase Price Percentage is reduced to zero percent (0%) at the end of sixty (60) months after the Sale Date.
Stepdown Percentage. For any Distribution Date occurring prior to the Distribution Date in September 2007, 0%, and for any Distribution Date thereafter, as follows: 30% for any Distribution Date on or after September 2007 and prior to September 2008; 40% for any Distribution Date on or after September 2008 and prior to September 2009; 60% for any Distribution Date on or after September 2009 and prior to September 2010; 80% for any Distribution Date on or after September 2010 and prior to September 2011; and 100% for any Distribution Date thereafter.
Stepdown Percentage. For any Distribution Date, the percentage indicated below: October 2007 through September 2012 0% October 2012 through September 2013 30% October 2013 through September 2014 40% October 2014 through September 2015 60% October 2015 through September 2016 80% October 2016 and thereafter 100% Subcontractor: Any vendor, subcontractor or other Person that (i) is a Servicing Function Participant and (ii) is not responsible for the overall servicing of Mortgage Loans but performs one or more discrete functions identified in Item 1122(d) of Regulation AB with respect to Mortgage Loans under the direction or authority of any Servicer (or a Sub-Servicer of any Servicer), the Master Servicer or the Trust Administrator.
Stepdown Percentage in relation to a Determination Date means the percentage calculated in accordance with Schedule 11 for that Determination Date.