Class A-1 Allocation Percentage definition

Class A-1 Allocation Percentage. With respect to any Distribution Date is the percentage equivalent of a fraction, the numerator of which is (x) the Group I Principal Remittance Amount for such Distribution Date and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.

Class A-1 Allocation Percentage means, as of any Distribution Date, the Class A-1 Note Balance as of the last day of the related Collection Period as a percentage of the Note Balance as of such last day.

Class A-1 Allocation Percentage means, as of any Monthly Allocation Date, the Class A-1 Certificate Balance as of the last day of the related Collection Period as a percentage of the Certificate Balance as of such date.

Examples of Class A-1 Allocation Percentage in a sentence

• Any such reduction shall be applied to reduce the Class A-1 Invested Amount (a "Class A-1 Investor Charge-Off") and the Class A-2 Invested Amount (a "Class A-2 Investor Charge-Off") pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, in each case for the related Collection Period.

• Any such increase in the aggregate Invested Amount will be allocated to the Class A-1 Certificates and the Class A-2 Certificates pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, for the related Collection Period.

• In the event Investor Nonprincipal Collections and Investment Proceeds are insufficient to make the entire amount of any distribution described in clause (i) or (v) above, funds available for such distribution will be applied to make such distribution to the Class A-1 Certificateholders and the Class A-2 Certificateholders pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, for the related Collection Period.

• In the event Available Certificateholder Principal Collections are insufficient to make the entire amount of any distribution described in clause (e) above, funds available for such distribution will be applied to make such distribution to the Class A-1 Certificateholders and the Class A-2 Certificateholders pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, for the related Collection Period.

More Definitions of Class A-1 Allocation Percentage

Class A-1 Allocation Percentage. With respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the sum of the Certificate Principal Balances of the Class A-1A Certificates and Class A-1B Certificates and the denominator of which is the aggregate Certificate Principal Balance of all of the Senior Certificates, in each case immediately prior to such Distribution Date.

Class A-1 Allocation Percentage. For any Distribution Date during the Class A-2 Lockout Period will be 100%. For any Distribution Date after the Class A-2 Lockout Period, will equal (x) if a Trigger Event is in effect, 100% or (y) if a Trigger Event is not in effect, the percentage equivalent of a fraction, the numerator of which will be (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date and the denominator of which will be (y) the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date.

Class A-1 Allocation Percentage means, for any Collection Period, the percentage obtained by dividing the outstanding principal amount of the Class A-1 Certificates as of the last day of the immediately preceding Collection Period (after giving effect to any reductions thereof to occur on the immediately following distribution Date) by the aggregate outstanding principal amount of all the Series 1998-1 Certificates as of such last day (after giving effect to any reductions thereof to occur on the immediately following Distribution Date).

Class A-1 Allocation Percentage means, for any Collection Period, the percentage obtained by dividing

Class A-1 Allocation Percentage. For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the aggregate of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount, and the denominator of which is (y) the aggregate of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount and in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.

Class A-1 Allocation Percentage. With respect to any Distribution Date prior to the Class A-2 Lockout Date, 100%. With respect to any Distribution Date on or following the Class A-2 Lockout Date, the percentage equivalent of a fraction, the numerator of which is the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date, and the denominator of which is the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date.

Class A-1 Allocation Percentage. For any Distribution Date during the Class A-2 Lockout Period will be 100%. For any Distribution Date after the Class A-2 Lockout Period, will equal (x) if a Trigger Event is in effect, 100% or (y) if a Trigger Event is not in effect, the percentage equivalent of a fraction, the numerator of which will be (x) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date and the denominator of which will be (y) the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date; provided, that, if the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, the Class A-1 Allocation Percentage will be zero.