Common use of Senior Percentage Clause in Contracts

Senior Percentage. As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

Senior Percentage. As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P PO Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.

Senior Percentage. As of For any Distribution Date, the lesser percentage equivalent of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Class Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such that Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or as of the Due Date related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date; provided however, in no event will the Senior Percentage exceed 100%.

Senior Percentage. As of to any Distribution DateDate and Certificate Group, the lesser of (a) 100% and (b) the percentage equivalent of a fraction, expressed as a percentage, fraction the numerator of which is the aggregate Certificate Principal Balance of the Class Principal Balances of each Class of Senior Certificates in such Certificate Group (other than the Interest Only Certificates related to such Certificate Group and the Class A-P PO Certificates) immediately prior to preceding such Distribution Date and the denominator of which is the aggregate Stated of the applicable Non-PO Percentage multiplied by the Scheduled Principal Balance of all of the each Mortgage Loans (or related REO Properties) (other than Loan in the related Discount Fraction of each Discount Mortgage Loan) immediately prior to Asset Group for such Distribution Date.

Senior Percentage. As of to any Distribution Date, the lesser percentage equivalent of 100% and a fraction, expressed as a percentagenot in excess of 100%, the numerator of which is the aggregate Certificate Principal Balance of the Class Certificate Balances of each Class of Senior Certificates (other than the Class A-P PO Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of the Class Certificate Balances of all Classes of the Mortgage Loans (or related REO Properties) Certificates (other than the related Discount Fraction of each Discount Mortgage LoanClass PO Certificates) immediately prior to such Distribution Date.

Senior Percentage. As of any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Senior Certificates (other than the Class A-P Certificates) immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) (other than the related Discount Fraction of each Discount Mortgage Loan) immediately prior to such Distribution Date.] [The Class CB Percentage or Class NB Percentage, as applicable.]

Senior Percentage. As of to any Distribution Date, the lesser percentage equivalent of 100% and a fraction, expressed as a percentagenot greater than 100%, the numerator of which is the aggregate Class Certificate Principal Balance of the Senior Certificates (other than the Class A-P PO Certificates and the Notional Amount Certificates) immediately prior to such before the Distribution Date and the denominator of which is the aggregate Stated Principal Class Certificate Balance of all of the Mortgage Loans (or related REO Properties) Certificates (other than the related Discount Fraction of each Discount Mortgage LoanClass PO Certificates and the Notional Amount Certificates) immediately prior to such before the Distribution Date.