Class B Percentage definition

Class B Percentage. As of any Distribution Date, the difference between 100% and the sum of (i) the Class A Percentage and (ii) the Class M Percentage for such Distribution Date.
Class B Percentage means ___%.

Examples of Class B Percentage in a sentence

  • S-11 Class B Percentage .......................................................


More Definitions of Class B Percentage

Class B Percentage means a fraction the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.
Class B Percentage means at any time the percentage equivalent of a fraction, the numerator of which is the Outstanding Amount of the Class B Notes and the denominator of which is the sum of the Outstanding Amount of all the Notes.
Class B Percentage. With respect to any Distribution Date, the lesser of (i) 100% minus the Senior Percentage and (ii) a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Class B Certificates immediately prior to such 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 Percentage with respect to any Distribution Date, means (1) prior to the Stepdown Date or with respect to any Distribution Date on which a Trigger Event is in effect, zero; and (2) on and after the Stepdown Date and provided that no Trigger Event is in effect, a fraction expressed as a percentage, the numerator of which is the aggregate principal balance of the Class B Notes immediately prior to that Distribution Date and the denominator of which is the Outstanding Amount of the Notes, less all amounts (other than Investment Earnings) on deposit in any Accumulation Account, immediately prior to that Distribution Date.
Class B Percentage means, with respect to any Distribution Date: