Applicable Severity definition

Applicable Severity. With respect to each Payment Date, is a percentage equal to:
Applicable Severity means the Group 1 Applicable Severity or the Group 2 Applicable Severity, as the context requires.
Applicable Severity means the Group 1 Applicable Severity or the Group 2 Applicable Severity, as the context may require.

More Definitions of Applicable Severity

Applicable Severity. With respect to each Payment Date and Credit Event Reference Obligation, the fixed severity percentage equal to: Beneficial Owner: The entity or individual that beneficially owns a Note.
Applicable Severity. With respect to each Payment Date and Credit Event Reference Obligation, the fixed severity percentage equal to:
Applicable Severity means, with respect to each Payment Date, a percentage equal to: 100152494v6