Common use of Senior Enhancement Percentage Clause in Contracts

Senior Enhancement Percentage. [For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Certificate Principal Balance of the [Class M Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior to the distribution of the Principal Distribution Amount on such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Date.]

Senior Enhancement Percentage. [For any As to each Distribution Date, the percentage equivalent of a fraction, expressed as a percentage, the numerator of which is the sum of (ix) the aggregate Certificate Principal Balance of the [Class M Subordinated Certificates and Class B Certificates] and (iiy) the Overcollateralization Amount, Amount (in each case prior to after taking into account the distribution of the Principal Distribution Amount on such Distribution Date Date) and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Dateas of the last day of the related Due Period.]

Senior Enhancement Percentage. [For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Certificate Principal Balance of the [Class M Certificates and Class B Certificates] Certificates and (ii) the Overcollateralization Amount, in each case prior to the distribution of the Principal Distribution Amount on such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Date.]

Senior Enhancement Percentage. [For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Class Principal Balance Amount of the [Class M Mezzanine and Subordinate Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior after giving effect to the distribution of the Principal Distribution Amount on such Distribution Date Date) and (ii) the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans Overcollateralized Amount (after giving effect to distributions to be made the distribution of the Principal Distribution Amount on that such Distribution Date) by (y) the Aggregate Collateral Balance as of the last day of the related Due Period.]

Senior Enhancement Percentage. [For any As to each Distribution Date, the percentage equivalent of a fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Certificate Principal Balance of the [Class M Subordinated Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, Amount (in each case prior to after taking into account the distribution of the Principal Distribution Amount on such Distribution Date Date) and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Dateas of the last day of the related Due Period.]

Senior Enhancement Percentage. [For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Class Principal Balance Amount of the [Class M Mezzanine Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior after giving effect to the distribution of the Principal Distribution Amount on such Distribution Date Date) and (ii) the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans Overcollateralized Amount (after giving effect to distributions to be made the distribution of the Principal Distribution Amount on that such Distribution Date) by (y) the Aggregate Collateral Balance as of the last day of the related Due Period.]

Senior Enhancement Percentage. [For any As to each Distribution Date, the percentage equivalent of a fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate of the Certificate Principal Balance of the [Class M Certificates I-M-1, Class I-M-2, Class I-B-1, Class I-B-2 and Class B Certificates] I-B-3 Certificates and (ii) the Overcollateralization Amount, in each case prior to after taking into account the distribution of the related Principal Distribution Amount Amounts on such Distribution Date Date, and the denominator of which is the aggregate Stated Principal Balance of the Group I Mortgage Loans after giving effect to distributions to be made on that for such Distribution DateDate .]

Senior Enhancement Percentage. [For any a Distribution Date, the fraction, a fraction expressed as a percentage, the numerator of which is percentage equal to (a) the sum of (i) the aggregate Certificate Principal Balance of the [Class M Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior before taking into account any payments of principal to the distribution Certificates on that Distribution Date, divided by (b) the sum of the Principal Distribution Amount on such Distribution Date and the denominator of which is the aggregate Stated Scheduled Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Dateand the Pre-Funded Amount as of the last day of the related Due Period.]

Senior Enhancement Percentage. [For As to any Distribution Date, the fraction, expressed as a percentage, the numerator of which is percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Principal Balance of the [Class M Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior to after taking into account the distribution of the Principal Distribution Amount on such Distribution Date and Date, by (y) the denominator of which is the aggregate Stated Principal Pool Balance as of the Mortgage Loans after giving effect to distributions to be made on that Distribution Datelast day of the related Collection Period.]

Senior Enhancement Percentage. [For any a Distribution Date, the fraction, a fraction expressed as a percentage, the numerator of which is percentage equal to (a) the sum of (i) the aggregate Certificate Principal Balance of the [Class M Certificates and Class B Certificates] and (ii) the Overcollateralization Amount, in each case prior before taking into account any payments of principal to the distribution Certificates on that Distribution Date, divided by (b) the sum of the Principal Distribution Amount on such Distribution Date and the denominator of which is the aggregate Stated Scheduled Principal Balance of the Mortgage Loans after giving effect to distributions to be made on that Distribution Date.and the Pre-Funded Amount as of the last day of the related Due Period. [Senior Percentage] [Senior Prepayment Percentage]

Senior Enhancement Percentage. [For any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the sum of (i) the aggregate Certificate Class Principal Balance of the [Class M Subordinate Certificates and Class B Certificates] and (ii) the Overcollateralization AmountAmount (which, for purposes of this definition only, shall not be less than zero), in each case prior to the distribution of the Principal Distribution Amount giving effect to payments on such Distribution Date (assuming no Trigger Event has occurred), and the denominator of which is the aggregate Stated Principal Aggregate Loan Balance as of the Mortgage Loans after giving effect to distributions to be made on that Distribution Datefirst day of the related Collection Period.]