Credit Enhancement Percentage for any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount) by (y) the sum of (a) the aggregate Principal Balance of the Loans plus (b) any amounts on deposit in the Pre-funding Account, calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date.
Credit Enhancement Percentage. 11 Curtailment.............................................................................................11
Credit Enhancement Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the sum of the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Class Principal Balance of the Class L3- C Regular Interest, calculated prior to distribution of the Group I Principal Distribution Amount and the Group II Principal Distribution Amount in respect of the Certificates then entitled to distributions of principal on such Distribution Date, and the denominator of which is (y) the aggregate Stated Principal Balance of the Mortgage Loans, calculated prior to taking into account payments of principal on the Mortgage Loans due on the related Due Date or received during the related Prepayment Period.
Credit Enhancement Percentage. For any Distribution Date and the Senior Certificates is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount) by (y) the aggregate Principal Balance of the Loans, calculated after taking into account distributions of principal on the Loans and distribution of the Principal Funds to the holders of the Certificates then entitled to distributions of principal on the Distribution Date. Credit Risk Management Agreement or Credit Risk Management Agreements: Each agreement between the Credit Risk Manager and a Servicer or the Master Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.
Credit Enhancement Percentage. (i) As of any Payment Date, an amount equal to a fraction, expressed as a percentage, the numerator of which is the sum of the aggregate Class Principal Balance of the Subordinate Notes (other than the Class M-1 Notes) for such Payment Date and the Overcollateralization Amount for such Payment Date, minus the aggregate of any Principal Deficiency Amounts allocated to the Subordinate Notes (other than amounts allocated to the Class M-1 Notes), and the denominator of which is the Assumed Principal Balance as of such Payment Date.
Credit Enhancement Percentage. The Credit Enhancement Percentage for any class and any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the class or classes subordinate thereto (including the OC) by (y) the aggregate principal balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the holders of the certificates then entitled to distributions of principal on the Distribution Date. CREDIT ENHANCEMENT PERCENTAGE
Credit Enhancement Percentage for any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount, calculated for this purpose only after taking into account principal payments from the Principal Remittance Account but before taking into account the Overcollateralization Increase Amount) by (y) the aggregate principal balance of the Loans (including amounts on deposit in the Pre-Funding Account), calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date.
Credit Enhancement Percentage. For any Distribution Date and the Senior Certificates is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount) by the aggregate Principal Balance of the Loans, calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date.
Credit Enhancement Percentage. For any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Group I or Group II Subordinate Certificates, as applicable and the related Overcollateralization Amount, by (y) the sum of the (a) the aggregate Principal Balance of the Group I or Group II Loans, as applicable, plus (b) any amounts on deposit in the related Pre-Funding Account, as applicable, calculated after taking into account distributions of principal on the Group I or Group II Loans, as applicable, during the related Due Period, as applicable, and distribution of the related Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date.
Credit Enhancement Percentage for any Distribution Date is the percentage obtained by dividing (x) the aggregate Certificate Principal Balance of the Subordinate Certificates (which includes the Overcollateralization Amount) by (y) the sum of (a) the aggregate Principal Balance of the Loans plus (b) any amounts on deposit in the Pre-funding Account, calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on the Distribution Date. Credit Risk Management Agreement or Credit Risk Management Agreements: Each agreement between the Credit Risk Manager and a Servicer or the Master Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.
