Group II Senior Percentage Sample Clauses
The 'Group II Senior Percentage' clause defines the proportion of payments or allocations that are designated for senior interests within a specified group, typically in the context of structured finance or securitization transactions. This percentage determines how much of the available funds or cash flows are directed to senior tranches or classes before any distributions are made to subordinate or junior interests. For example, if a pool of assets generates income, the Group II Senior Percentage dictates the share of that income that must be paid to senior noteholders in Group II. The core function of this clause is to establish a clear priority of payments, thereby protecting senior investors by ensuring they receive their due share before others, and managing the allocation of risk among different classes of stakeholders.
Group II Senior Percentage. 26 Group II Senior Prepayment Percentage.........................................................26 Group II Senior Principal Distribution Amount.................................................26
Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.
Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero.
Group II Senior Percentage. 39 TABLE OF CONTENTS (continued)
Group II Senior Percentage. + 60% of GROUP II SUBORDINATE PERCENTAGE -------------------------------------------------------------------------------------------------------------------
Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates (other than Component IIA-8-5 of the Class IIA-8 Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates (other than Component IIA-8-5 of the Class IIA-8 Certificates) below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, Component IIA-8-5 of the Class IIA-8 Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.
Group II Senior Percentage. The lesser of (a) 100% and (b) the percentage (carried to six places rounded up) obtained by dividing the Current Principal Amount of the Group II Senior Certificates (other than any Class II-PO Certificates), immediately prior to such Distribution Date, by the aggregate Scheduled Principal Balance of the Group II Mortgage Loans (other than the related PO Percentage thereof with respect to the related Discount Mortgage Loans) as of the beginning of the related Due Period. The initial Group II Senior Percentage for the Senior Certificates will be approximately 93.849533%.
Group II Senior Percentage. 43 Group II Senior Prepayment Percentage ........................ 43 Group II Senior Principal Distribution Amount ................ 44 Group II Special Hazard Coverage ............................. 45 Group II Subordinate Liquidation Amount ...................... 45 Group II Subordinate Percentage .............................. 45 Group II Subordinate Prepayment Percentage ................... 45 Group II Subordinate Principal Distribution Amount ........... 45 Group II Subordinate Principal Prepayments Distribution Amount 46 Group II-B Certificates ...................................... 46 Group II-▇-▇ Regular Interests ............................... 46 Group II-L Regular Interests ................................. 46 Group II-L Senior Regular Interests .......................... 46