Termination Percentage definition

Termination Percentage has the meaning set forth in Section 2.2.

Termination Percentage. One percent.

Termination Percentage means, with respect to any Terminating Committed Purchaser, a percentage equal to (i) the Capital of such Terminating Committed Purchaser outstanding on its respective Termination Date, divided by (ii) the Aggregate Capital outstanding on such Termination Date.

Examples of Termination Percentage in a sentence

• Each Terminating Financial Institution’s Termination Percentage shall remain constant prior to the Amortization Date.

• On and after the Amortization Date, each Termination Percentage shall be disregarded, and each Terminating Financial Institution’s Capital shall be reduced ratably with all Financial Institutions in accordance with Section 2.3.

• Each Terminating Financial Institution's Termination Percentage shall remain constant prior to the Amortization Date.

• This ratable portion shall be calculated on the Termination Date of each Terminating Financial Institution as a percentage equal to (i) Capital of such Terminating Financial Institution outstanding on its Termination Date, divided by (ii) the Aggregate Capital outstanding on such Termination Date (the "Termination Percentage").

• On and after the Amortization Date, each Termination Percentage shall be disregarded, and each Terminating Financial Institution's Capital shall be reduced ratably with all Financial Institutions in accordance with Section 2.3.

More Definitions of Termination Percentage

Termination Percentage means, on any date of determination, the excess, if any, of (a) the Equity Percentage on such date of determination over (b) 7.5%.

Termination Percentage means -- at any time for any Lender -- the proportion (stated as a percentage) that its Principal Debt bears to the total Principal Debt.

Termination Percentage has the meaning specified in Section 10.3(c).

Termination Percentage means, in the case of:

Termination Percentage means the sum of the Floating Rate Payer Calculation Amounts under each Triggered CDS, divided by the sum of the Floating Rate Payer Calculation Amounts under each Credit Default Swap then outstanding (including, for the avoidance of doubt, any Triggered CDS).

Termination Percentage with respect to any Mortgage Loan shall mean the following: Date of Termination Termination Percentage Prior to the third anniversary of the related Closing Date 2.0% On or following the third anniversary of the related 1.5% Closing Date but prior to the fifth anniversary of the Related Closing Date. On or following the fifth anniversary of the related 1.0% Closing Date. Upon written request from the Purchaser in connection with any such termination, the Seller shall prepare, execute and deliver any and all documents and other instruments, place in the Purchaser's possession all Mortgage Files, and do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement or assignment of the Mortgage Loans and related documents, or otherwise, at the Seller's sole expense. The Seller agrees to cooperate with the Purchaser and such successor in effecting the termination of the Seller's responsibilities and rights hereunder as servicer, including, without limitation, the transfer to such successor for administration by it of all cash amounts which shall at the time be credited by the Seller to the related Custodial Account or Escrow Account or thereafter received with respect to the Mortgage Loans.

Termination Percentage has the meaning set forth in Section 2.2(c). For the avoidance of doubt, from and after the date upon which the Capital of all Purchaser Interests of any Non-Renewing Purchaser is reduced to zero, the “Termination Percentage” of such Non-Renewing Purchaser shall equal 0.00%.