Trust Percentage means, with respect to any Monthly Period, a fraction expressed as a percentage, the numerator of which is the aggregate principal amount of Principal Receivables (prior to giving effect to any reduction thereof for Finance Charge Receivables which are Discount Option Receivables) as of the close of business on the last day of the prior Monthly Period and the denominator of which is the aggregate principal balance of the Bank Portfolio as of the close of business on the last day of the prior Monthly Period.
Trust Percentage. With respect to any Monthly Distribution Date, the percentage equivalent of a fraction (which shall never exceed 100%), (a) the numerator of which is the average Daily Trust Balance during the related Collection Period and (b) the denominator of which is the average daily aggregate principal balance of all Receivables (including Receivables included in the Retained Property) in the Accounts in the Pool of Accounts during the related Collection Period.
Trust Percentage. With respect to any Mortgage Loan (other than any ---------------- Liquidated Mortgage Loan) for any day, the percentage (carried to four decimal places) obtained by dividing the Trust Balance of such Mortgage Loan for such day by the Loan Balance of such Mortgage Loan for such day. With respect to any Liquidated Mortgage Loan on any day, the Trust Percentage will equal the Trust Percentage on the day such Mortgage Loan became a Liquidated Mortgage Loan.
Examples of Trust Percentage in a sentence
In determining whether 100% of the aggregate Grantor Trust Percentage Interests is then beneficially owned by BAC and/or its Affiliates for purposes of clause (i), any party shall be entitled to rely on an Officer’s Certificate or similar certification of BAC or any Affiliate thereof to such effect.
A Grantor Trust Certificateholder shall be entitled to receive distributions with respect to its undivided Grantor Trust Percentage Interest therein only in accordance with Articles V and IX.
Subject to Sections 6.3(a) and 7.1 hereof, the Grantor Trust Trustee may act at the written direction of one or more Grantor Trust Certificateholders holding in the aggregate less than 50% of the Grantor Trust Percentage Interests.
The Certificates shall in the aggregate represent 100% of the Grantor Trust Percentage Interest in the Grantor Trust and shall be fully paid and nonassessable.
To the extent the Grantor Trust Trustee is required to act at the direction of Grantor Trust Certificateholders other than the Majority Grantor Trust Certificateholders, and receives conflicting directions from Grantor Trust Certificateholders holding equal Grantor Trust Percentage Interests, it shall act in accordance with the earliest-received such direction.
More Definitions of Trust Percentage
Trust Percentage means, for each Unitholder, the percentage obtained by dividing the amount of such Unitholder’s Capital Account on the date of determination by the sum of the Capital Accounts of all Unitholders on such date. The sum of the Trust Percentages shall equal 100%. The Trust Percentages shall be set forth in the books and records of the Trust which shall be revised from time to time to reflect Capital Contributions, allocations and reallocations of Net Profit and allocations of Net Loss, distributions and withdrawals.
Trust Percentage means a fraction, the numerator of which shall equal the aggregate value of all Class B Shares outstanding immediately after the Share Separation and the denominator of which shall equal the sum of (i) the aggregate value of all such Class B Shares and (ii) the aggregate value of all the Corporation Shares outstanding immediately after the Share Separation. The aggregate value of the Corporation Shares and the Class B Shares shall be based on the average closing prices on the applicable principal trading market of the Corporation Shares of the Class B Shares, as the case may be, over the first five consecutive trading days after the effective date of the Share Separation; provided that if the Class B Shares are not then traded on a United States National Securities Exchange, the aggregate value of the Class B Shares shall be determined in the good faith of the Board of Directors based upon the valuation opinion of a nationally recognized investment bank.
Trust Percentage. As to any Home Equity Loan and any Collection Period, the percentage (carried to four places) obtained by dividing the average daily Trust Balance for the second preceding Collection Period by the average daily Loan Balance for such second preceding Collection Period; provided, that for any Foreclosed Home Equity Loan, the Trust Percentage shall be the Trust Percentage in effect for the Collection Period in which such Home Equity Loan became a Foreclosed Home Equity Loan. As of the Cut-off Date, the Trust Percentage of each Home Equity Loan shall be 100%.
Trust Percentage appearing in Section 1.1 of the Pooling and Servicing Agreement is hereby amended by deleting the phrase "(prior to giving effect to any reduction thereof for Finance Charge Receivables which are Discount Option Receivables)" appearing therein.
Trust Percentage. With respect to each Class of Class A Certificates, the fraction, expressed as a percentage of (i) the aggregate outstanding principal balance of the related Underlying REMIC Security held by the Trust divided by (ii) the aggregate outstanding principal balance of the entire class of such Underlying REMIC Securities, including those not held by the Trust. Trustee: Xxxxxx Mae, in its capacity as trustee for the Certificateholders hereunder, or its successor in interest in such capacity, or any successor trustee appointed as herein provided.
Trust Percentage. As to any __________ Loan and any Collection Period, the percentage (carried to four places) obtained by dividing the average daily Trust Balance for the second preceding Collection Period by the average daily Loan Balance for such second preceding Collection Period; provided, that for any Foreclosed __________ Loan, the Trust Percentage shall be the Trust Percentage in effect for the Collection Period in which such ___________ Loan became a Foreclosed __________ Loan. As of the Cut-off Date, the Trust Percentage of each __________ Loan shall be ___%.
Trust Percentage means, for any Distribution Date, the percentage equivalent of a fraction (which will never exceed 100%), the numerator of which is the average Daily Trust Balance during the related Collection Period and the denominator of which is the average daily aggregate principal balance of all Receivables (including Receivables owned by GMAC) in the Accounts included in the Pool of Accounts during the related Collection Period.