Examples of Subordinate Percentage in a sentence

Subordinate Percentage: For any Distribution Date, the difference between 100% and the Senior Percentage for such date.
With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 5.50%.
Section 11.07 Original Aggregate Subordinate Percentage.....................
The Servicer shall determine the Subordinate Percentage as of the end of each month and shall include such percentage in the monthly report prepared and submitted to the Trustee in accordance with the first sentence of Section 21(d) hereof.
The applicable Subordinate Percentage of Net Interest Shortfall will be allocated among the Subordinate Certificates in proportion to the amount of Accrued Certificate Interest that would have been allocated thereto in the absence of such shortfalls.

More Definitions of Subordinate Percentage

Subordinate Percentage. With respect to each Mortgage Pool and any Distribution Date, the difference between 100% and the related Senior Percentage for such Distribution Date.

Subordinate Percentage. As to any Distribution Date and any Certificate Group, 100% minus the Senior Percentage for such Certificate Group for such Distribution Date.

Subordinate Percentage. As to any Distribution Date and each Loan Group, the excess of 100% over the related Senior Percentage for that Distribution Date.

Subordinate Percentage. With respect to each Loan Group and any Distribution Date, the difference between 100% and the related Senior Percentage for such Loan Group and Distribution Date; provided, however, that on any Distribution Date occurring after a Senior Termination Date has occurred with respect to the Senior Certificates and Principal-Only Components related to two Loan Groups, the Subordinate Percentage will represent the entire interest of the Subordinate Certificates in the Mortgage Loans and will equal the difference between 100% and the related Senior Percentage for such Distribution Date.

Subordinate Percentage means, with respect to each Payment Date and the Notes, 100% minus the Senior Percentage for such Payment Date.

Subordinate Percentage. With respect to any Distribution Date, the difference between 100% and the related Senior Percentage for such Distribution Date.