Applicable Credit Support Percentage. As defined in Section 4.02(e).
Applicable Credit Support Percentage. As to any Class of Subordinate Certificates and any Distribution Date, the sum of the Class Subordination Percentage of such Class and the aggregate of the Class Subordination Percentages of all other Classes (if any) of Subordinate Certificates having lower payment priorities than such Class.
Applicable Credit Support Percentage. Not applicable.
More Definitions of Applicable Credit Support Percentage
Applicable Credit Support Percentage. As defined in Section 4.01(e).
Applicable Credit Support Percentage. With respect to the Subordinate Certificates, as defined in Section 5.01(e).
Applicable Credit Support Percentage means, for each Class of Subordinate Certificates and any Payment Date, the sum of the Class Subordination Percentage of that Class and the aggregate Class Subordination Percentage of all other Classes (if any) of Subordinate Certificates having higher numerical Class designations than that Class. For purposes of this Agreement, (i) the Class M-R1 Certificates have the lowest numerical Class designation among the Classes of Subordinate Certificates, and the Class B-R1 Certificates have the highest numerical Class designation among the Classes of Subordinate Certificates and (ii) the "order of payment priority" of the Subordinate Certificates shall commence sequentially in the following order: the Class M-R1 Certificates, the Class M-R2 Certificates, the Class M-R3 Certificates, the Class M-R4 Certificates, the Class M-R5 Certificates and the Class B-R1 Certificates.
Applicable Credit Support Percentage. As defined in Section 5.02(e). Applied Loss Amount: Not Applicable.
Applicable Credit Support Percentage. As to any Class of Group 1 Subordinate Certificates and any Distribution Date, the sum of the Class Subordination Percentage of such Class and the aggregate of the Class Subordination Percentages of all other Classes (if any) of Group 1 Subordinate Certificates that rank lower in priority than such Class; and as to any Class of Group 2 Subordinate Certificates and any Distribution Date, the sum of the Class Subordination Percentage of such Class and the aggregate of the Class Subordination Percentages of all other Classes (if any) of Group 2 Subordinate Certificates that rank lower in priority than such Class.
Applicable Credit Support Percentage. As to any Class of Subordinate Certificates and any Distribution Date, the sum of the Class Percentages of all Classes of Certificates that rank lower in priority than such Class. 117941 Sequoia 2004-9 Pooling and Servicing Agmt.
Applicable Credit Support Percentage. As to each Class of Mezzanine and Subordinate Certificates and any Distribution Date, the sum of the related Subordinate Class Percentage of that Class and the aggregate Subordinate Class Percentage of all other Classes of Subordinate Certificates that rank lower in priority than such Class.