Class A-2 Allocation Percentage definition

Class A-2 Allocation Percentage. With respect to any Distribution Date is the percentage equivalent of a fraction, the numerator of which is (x) the Group II Principal Remittance Amount for such Distribution Date and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.

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Class A-2 Allocation Percentage means, as of any Distribution Date, the Class A-2 Note Balance as of the last day of the related Collection Period as a percentage of the then Note Balance as of such last day.

Class A-2 Allocation Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date and the denominator of which is (y) the aggregate Certificate Principal Balance of the Group II Certificates immediately prior to such Distribution Date.

Examples of Class A-2 Allocation Percentage in a sentence

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.
Any such increase shall be applied to increase the outstanding principal balance the Class A-1 Certificates and the Class A-2 Certificates pro rata based on the Class A-1 Allocated Percentage and the Class A-2 Allocation Percentage, respectively, in each case for the related Collection Period.
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.
Uncovered Loss Amounts will be allocated first to the Class B Notes until the Note Balance of the Class B Notes has been reduced to zero and then to the Class A Notes, pro rata, based on the Class A-1 Allocation Percentage, the Class A-2 Allocation Percentage, the Class A-3 Allocation Percentage and the Class A-4 Allocation Percentage.

More Definitions of Class A-2 Allocation Percentage

Class A-2 Allocation Percentage means, as of any Monthly Allocation Date, the Class A-2 Certificate Balance as of the last day of the related Collection Period as a percentage of the Certificate Balance as of such date.

Class A-2 Allocation Percentage means, for any Collection Period, the percentage obtained by subtracting from 100% the Class A-1 Allocation Percentage.

Class A-2 Allocation Percentage. For any Distribution Date is 100% minus the Class A-1 Allocation Percentage.

Class A-2 Allocation Percentage. With respect to any Payment Date, the percentage equivalent of a fraction, the numerator of which is (i) the Note Balance of the Class A-2 Notes immediately prior to such Payment Date, and the denominator of which is (ii) the aggregate Note Balance of the Group II Notes immediately prior to such Payment Date.

Class A-2 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 II 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-2 Allocation Percentage. With respect to any Distribution Date prior to the Class A-2 Lockout Date, 0%. 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-2 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.