Lockout Percentage. For any Distribution Date occurring prior to the Distribution Date in September 2011, 0%. For any Distribution Date occurring thereafter, as follows: 30% for any Distribution Date on or after September 2011 and prior to September 2012; 40% for any Distribution Date on or after September 2012 and prior to September 2013; 60% for any Distribution Date on or after September 2013 and prior to September 2014; 80% for any Distribution Date on or after September 2014 and prior to September 2015; and 100% for any Distribution Date thereafter. Maturity Date: August 25, 2036, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.
Lockout Percentage. For any Distribution Date occurring prior to the Distribution Date in October 2009, 0%. For any Distribution Date occurring after the first five years following the Closing Date, a percentage determined as follows: (i) for any Distribution Date during the sixth year after the Closing Date, 30%; (ii) for any Distribution Date during the seventh year after the Closing Date, 40%; (iii) for any Distribution Date during the eighth year after the Closing Date, 60%; (iv) for any Distribution Date during the ninth year after the Closing Date, 80%; and (v) for any Distribution Date thereafter, 100%.
Lockout Percentage. With respect to any Distribution Date, the Certificate Principal Balance of the Class A-7 Certificates, divided by the aggregate Certificate Principal Balance of the Senior Certificates, in each case immediately prior to any allocations of losses or distributions on that Distribution Date.
More Definitions of Lockout Percentage
Lockout Percentage. With respect to any Distribution Date, the lesser of (I) (A) the Outstanding Certificate Principal Balance of the Class A-4 Certificates divided by (B) the Non-PO Class A Principal Balance, in each case immediately prior to the Distribution Date and (II) 100.00%.
Lockout Percentage. For any Distribution Date, the aggregate Class Principal Balance of the Class A-1 and Class A-9 Certificates, divided by the aggregate Class Principal Balance of the Class A, Class B and Class R Certificates, in each case immediately before such Distribution Date.
Lockout Percentage. With respect to any Distribution Date occurring prior to the Distribution Date in October 2007, 0%. With respect to any Distribution Date thereafter, the percentage indicated below: Distribution Date Lockout Distribution Percentage October 2007 through September 2008 30% October 2008 through September 2009 40% October 2009 through September 2010 60% October 2010 through September 2011 80% October 2011 and thereafter 100% Lower Priority: As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02(a).
Lockout Percentage. For any Distribution Date occurring prior to the Distribution Date in July 2010, 0%, and for any Distribution Date thereafter, as follows: 30% for any Distribution Date on or after July 2010 and prior to July 2011; 40% for any Distribution Date on or after July 2011 and prior to July 2012; 60% for any Distribution Date on or after July 2012 and prior to July 2013; 80% for any Distribution Date on or after July 2013 and prior to July 2014; and 100% for any Distribution Date thereafter.
Lockout Percentage. With respect to any Distribution Date prior to the Distribution Date in February 2011, zero, and with respect to such Distribution Date and any Distribution Date thereafter, a fraction, expressed as a percentage, (i) the numerator of which is the aggregate Certificate Principal Balances of the Lockout Certificates and (ii) the denominator of which is the aggregate Stated Principal Balance of the Group I Loans other than the Discount Fraction of each Discount Mortgage Loan.
Lockout Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Class A-7, Class A-21 and Class A-22 Certificates plus $48,800,000, divided by the aggregate Class Principal Balance of the Class A, Class B and Class R Certificates, in each case immediately before that Distribution Date.
Lockout Percentage. For any Distribution Date, will equal (i) the Class A-4 Class Principal Balance; divided by (ii) the aggregate Scheduled Principal Balance of all Loans immediately preceding the Distribution Date (exclusive of the Discount Fraction of the Discount Loans).