Apportionment Fraction. With respect to each Class of Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of any Certificate Group have been reduced to zero, a fraction the numerator of which is equal to the sum of the Subordinate Optimal Principal Amount of the Loan Group (or Groups) related to such Certificate Group (or Groups), and the denominator of which is equal to the Aggregate Subordinate Optimal Principal Amount.
Apportionment Fraction. As to any Class of Class B Certificates and any Distribution Date occurring prior to the Subordination Depletion Date and on or after the Distribution Date on which the Principal Balance of each Class of one Group has been reduced to zero, a fraction, the numerator of which is the portion of the Class B Loan Group Optimal Principal Amounts represented by clauses (ii) and (iii) of the definition thereof (other than Liquidation Proceeds that are not partial Liquidation Proceeds) for which the corresponding Class A Certificates are no longer outstanding and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto.
Apportionment Fraction. As to any Class of Class B Certificates and any Distribution Date occurring prior to the Subordination Depletion Date and (i) on or after the Distribution Date on which the Group I-A Non-PO Principal Balance has been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group I Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto or (ii) on or after the Distribution Date on which the Group II-A Non-PO Principal Balance has been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group II Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto.
Examples of Apportionment Fraction in a sentence
Special Industry Apportionment Fraction Special methods of apportioning income by taxpayers providing insurance or transportation services are provided.
Calculate the Apportionment Fraction to SIX DECIMALS .................................................
Calculate the Elected Apportionment Fraction to SIX DECIMALS (line 11 divided by 4 orthe number of factors present, counting the sales factor twice)........................................................................
Calculate the Apportionment Fraction to SIX DECIMALS (line 7 divided by 3 or the number of factors present) DOUBLE-WEIGHTED SALES FACTOR ELECTION — If elected, this option is effective and irrevocable for five years.9 10_ .
More Definitions of Apportionment Fraction
Apportionment Fraction. As to any Class of Class B Certificates and any Distribution Date occurring prior to the Subordination Depletion Date and (i) on or after the Distribution Date on which the Principal Balances of the Group I-A Certificates (other than the Class I-A-PO Certificates) have been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group I Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto or (ii) on or after the Distribution Date on which the Principal Balances of the Group II-A Certificates (other than the Class II-A-PO Certificates) have been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group II Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto.
Apportionment Fraction. (A) With respect to the Group B Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Group 3, Group 4 or Group 9 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B Subordinate Optimal Principal Amount, and (B) with respect to the Group B-I Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Group 1, Group 2, Group 5, Group 6, Group 7 or Group 8 Certificates have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B-I Subordinate Optimal Principal Amount.
Apportionment Fraction. With respect to the Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Group 1, Group 2, Group 3, Group 4 or Group 5 Certificates has been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Subordinate Optimal Principal Amount.
Apportionment Fraction. As to any Class of Class B Certificates and (i) any Distribution Date occurring prior to the Subordination Depletion Date and on or after the Distribution Date on which the Principal Balance of each Class of one Group (other than the Class A-PO Certificates) has been reduced to zero, a fraction, the numerator of which is the Class B Loan Group Optimal Principal Amount for which the corresponding Class A Certificates (other than the Class A-PO Certificates) are no longer outstanding and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto.
Apportionment Fraction. With respect to the 15-Year Junior Certificates and for any Distribution Date, in the event that the Class Principal Balance of the Group 1 Certificates or Group 3 Certificates has been reduced to zero, a fraction the numerator of which is equal to the the Junior Optimal Principal Amount of the Loan Group with respect to which the Class Principal Balance of the related Senior Certificates has been reduced to zero, and the denominator of which is equal to the Aggregate 15-Year Junior Optimal Principal Amount.
Apportionment Fraction. As to any Class of Class B Certificates and any Distribution Date occurring prior to the Subordination Depletion Date and (i) on or after the Distribution Date on which the Principal Balances of the Group I-A Certificates have been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group I Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto, (ii) on or after the Distribution Date on which the Principal Balances of the Group II-A Certificates have been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group II Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto or (iii) on or after the Distribution Date on which the Principal Balances of the Group III-A Certificates have been reduced to zero, a fraction, the numerator of which is the applicable Class B Loan Group III Optimal Principal Amount and the denominator of which is the applicable Class B Optimal Principal Amount without regard to the proviso thereto.
Apportionment Fraction. With respect to the Group B Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of Certificate Group 3, Certificate Group 5, Certificate Group 7, Certificate Group 8, Certificate Group 9, Certificate Group 10, Certificate Group 11 or Certificate Group 12 have been reduced to zero, a fraction, the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B Subordinate Optimal Principal Amount. With respect to the Group B-I Subordinate Certificates and for any Distribution Date, in the event that the Class Principal Balances of the Senior Certificates of Certificate Group 1, Certificate Group 2, Certificate Group 4 or Certificate Group 6 have been reduced to zero, a fraction the numerator of which is equal to the Subordinate Optimal Principal Amount of the Loan Group related to such Certificate Group, and the denominator of which is equal to the Aggregate Group B-I Subordinate Optimal Principal Amount.