Class B-1 Percentage. As to any Distribution Date, the percentage calculated by multiplying the Subordinated Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

Class B-1 Percentage. With respect to any Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Class Certificate Balance of the Class B-1 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) immediately prior to such Distribution Date.

Class B-1 Percentage. As to any Distribution Date, the percentage calculated by multiplying the Subordinated Percentage by a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the Class B Principal Balance.

## Examples of *Class B-1 Percentage* in a sentence

Section 11.14 Original

**Class B-1 Percentage**................................Section 11.08 Original

**Class B-1 Percentage**.................................Section 11.13 Original

**Class B-1 Percentage**.....................................Section 11.15 Original

**Class B-1 Percentage**............................Section 11.15 Original

**Class B-1 Percentage**...............................

## More Definitions of *Class B-1 Percentage*

Class B-1 Percentage. With respect to each Distribution Date, the percentage derived from the fraction (which shall not be greater than 1), the numerator of which is the Adjusted Certificate Principal Balance of the Class B-1 Certificates immediately prior to such Distribution Date and the denominator of which is the sum of the Class A Certificate Principal Balance, the Class M-1 Adjusted Certificate Principal Balance, the Class M-2 Adjusted Certificate Principal Balance, the Class B-1 Adjusted Certificate Principal Balance and the Class B-2 Adjusted Certificate Principal Balance, each immediately prior to such Distribution Date.

Class B-1 Percentage means, as of any date of determination, the percentage equivalent of fraction, the numerator of which is the Principal Amount with respect to the Class B-1 Notes and the denominator of which is the sum of the Principal Amount with respect to the Class B-1 Notes and the Principal Amount with respect to the Class B-2 Notes.

Class B-1 Percentage means, as of any date of determination, the percentage equivalent of fraction, the numerator of which is the Class B-1 Principal Amount and the denominator of which is the sum of the Class B-1 Principal Amount and the Class B-2 Principal Amount.

Class B-1 Percentage. With respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the Class B-1 Certificates immediately prior to such date over the aggregate amount, if any, payable to the Holders of the Class B-1 Certificates on such date pursuant to Section 4.01(b)(i)(Z), and the denominator of which is the sum of (i) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the Mortgage Loans, plus (ii) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the REO Properties, in each case before reduction for any Realized Losses on such Distribution Date.

Class B-1 Percentage. With respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the Class B-1 Certificates immediately prior to such date over the aggregate amount, if any, payable to the Holders of the Class B-1 Certificates on such date pursuant to Section 4.01(b)(ii)(Z), and the denominator of which is the sum of (i) the aggregate of the Scheduled Principal Balance of each of the Mortgage Loans, plus (ii) the aggregate of the Scheduled Principal Balance of each of the REO Properties, in each case before reduction for any Realized Losses on such Distribution Date.

Class B-1 Percentage. With respect to any Distribution Date, (i) if the Class A Certificate Balance and the Class M Certificate Balance have not been reduced to zero and each of the Principal Distribution Tests and the Class B-1 Principal Distribution Test have not been satisfied on such Distribution Date, zero and (ii) (a) if the Class A Certificate Balance and the Class M Certificate Balance has been reduced to zero or (b) if the Principal Distribution Tests and the Class B-1 Principal Distribution Test have been satisfied on such Distribution Date: the percentage equivalent of a fraction (not to exceed one), the numerator of which is the Class B-1 Adjusted Certificate Balance and the denominator of which is the sum of (i) the Class A Certificate Balance; (ii) if the Class M-1 Principal Distribution Test has been satisfied on such Distribution Date, the Class M-1 Adjusted Certificate Balance, otherwise zero; (iii) if the Class M-2 Principal Distribution Test has been satisfied on such Distribution Date, the Class M-2 Adjusted Certificate Balance, otherwise zero; (iv) the Class B-1 Adjusted Certificate Balance; and (v) if the Class B-2 Principal Distribution Test is satisfied on such Distribution Date, the sum of the Class B-2 Adjusted Certificate Balance and the Overcollateralization Amount, otherwise, zero; in each case determined as of the immediately preceding Distribution Date (or as of the Closing Date in the case of the first Distribution Date).

Class B-1 Percentage. At any given time, the lesser of (i) 100%, (ii) the positive difference, if any, between 100% and the Class A Percentage, and (iii) the percentage (expressed as a decimal and carried to six places rounded up) obtained by dividing the aggregate Class B-1 Certificate Principal Balance by an amount equal to the aggregate of the Scheduled Principal Balances of the Subsidiary Regular Interest Certificates.