Class Percentage definition

Class Percentage. With respect to each Class of Subordinate Certificates, for each Distribution Date, the percentage obtained by dividing the Class Principal Amount of such Class immediately prior to such Distribution Date by the sum of the Class Principal Amounts of all Certificates immediately prior to such date.

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Class Percentage means, with respect to any Class with respect to any Distribution Date or any Trust Distribution Date, as applicable:

Class Percentage. For each Distribution Date and for each Class of Certificates or Interests, as applicable, the percentage obtained by dividing the Certificate Balance of such Class of Certificates or Interests, as applicable, immediately prior to such Distribution Date by the then aggregate Certificate Balance of all of the Certificates or Interests, as applicable.

Examples of Class Percentage in a sentence

• The amounts paid to Noteholders shall be paid to each Class in accordance with the Class Percentage as set forth in paragraph (b) below.

• The Trustee shall not be charged with knowledge of any event referred to in Section 7.01 unless a Responsible Officer of the Trustee at the Corporate Trust Office obtains actual knowledge of such event or the Trustee receives written notice of such event from the Servicer or the Holders of Certificates evidencing, as to any Class, Percentage Interests representing 25% or more.

• Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Company may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Holders of Certificates of each Class evidencing, as to each such Class, Percentage Interests aggregating 66 2/3% or more, and any attempt to do so without such consent shall be void.

• Except as specifically authorized hereunder, and except for its obligations as Servicer which are dealt with under Article V and Article VII, the Originator may not convey and assign or delegate any of its rights or obligations hereunder absent the prior written consent of Holders of Certificates of each Class evidencing, as to each such Class, Percentage Interests aggregating 66 2/3% or more, and any attempt to do so without such consent shall be void.

• At all times, each Regular Certificate shall represent beneficial ownership interests in the related Class Percentage Interest of the related Regular Interest, in each case, with the corresponding alphabetical and numerical designation.

More Definitions of Class Percentage

Class Percentage with respect to any Class of any Series shall have the meaning specified in the applicable Series Supplement.

Class Percentage means, for any Member of a Class, a fraction, expressed as a percentage, the numerator of which fraction shall be the Capital Account balance of such Member and the denominator of which fraction shall be the total Capital Account balance of all Members of the Class, as may be amended from time to time upon the transfer, issuance or redemption of Interests in the Company accordance with this Agreement.

Class Percentage means, for any class on any distribution date:

Class Percentage means, with respect to any Class and at any time of determination, the Net Investment with respect to such Class expressed as a percentage of the aggregate Net Investment with respect to all Classes, each as of such time of determination.

Class Percentage means, for each class of each series, the applicable percentage of Finance Charge Collections, Principal Collections and charge-offs to be allocated to investors in that class, determined in each case as described in the prospectus supplement for the series.

Class Percentage means, with respect to the applicable Class of Certificates, the Class A Percentage or the Class B Percentage.

Class Percentage. With respect to each Class of Bonds and Payment Date, the ratio, expressed as a percentage, of the aggregate Principal Balance of such Class of Bonds to the aggregate Principal Balance of the Bonds, in each case immediately prior to such Payment Date.