Class Percentage Interest definition

Class Percentage Interest. The Class A Percentage Interest, the Class X Percentage Interest, the Class B Percentage Interest, the Class C Percentage Interest, the Class D Percentage Interest, the Class E Percentage Interest, the V-ABC Percentage Interest, the Class the Class V-D Percentage Interest, the Class V-E Percentage Interest, the Class V-F Percentage Interest and the Class V2 Percentage Interest.

Class Percentage Interest means, as to a Partner holding a class or series of Partnership Interests at any time, its interest in such class or series as determined by dividing the Partnership Units of such class or series then owned by such Partner by the total number of Partnership Units of such class or series then outstanding as specified in Exhibit A attached hereto, as such Exhibit A may be amended from time to time.

Class Percentage Interest. The percentage interest evidenced by any Class of Corresponding Exchangeable Certificates and Exchangeable Combined Certificates in any Grantor Trust-Held Regular Interest, which shall be as follows:

Examples of Class Percentage Interest in a sentence

• 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.

• If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Class Percentage Interest and Partnership Percentage Interest shall be adjusted by the General Partner effective as of the date of each such increase or decrease.

• If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Class Percentage Interest and Partnership Percentage Interest shall be adjusted by the General Partner effective as of the date of each such increase or decrease to a percentage equal to the number of Partnership Units of a class or series held by such Partner divided by the aggregate number of Partnership Units of such class or series outstanding after giving effect to such increase or decrease.

• GREENPOINT HOME EQUITY LOAN TRUST 2004-3 RESIDUAL CERTIFICATE Class: Percentage Interest: 100% Cut-Off Date: , 200 First Payment Date: , 200 Issue Date: , 200 No. GREENPOINT MORTGAGE SECURITIES LLC Residual Certificateholder OWNER TRUSTEE’S CERTIFICATE OF AUTHENTICATION This is one of the Residual Certificates referred to in the within-mentioned Trust Agreement.

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

More Definitions of Class Percentage Interest

Class Percentage Interest means, as to any Certificate (other than ------------------------- the Class R Certificates), the percentage interest evidenced thereby in distributions made on the related Class, such percentage interest being equal to the percentage (carried to eight places) obtained from dividing the denomination of such Certificate by the aggregate denomination of all Certificates of the related Class (which equals the Original Class A-1 Principal Balance in the case of a Class A-1 Certificate, the Original Class A-2 Principal Balance in the case of the Class A-2 Certificates, the Original Class A-3 Principal Balance in the case of the Class A-3 Certificates, the Original Class A-IO Notional Amount in the case of the Class A-IO Certificates, the Original Class M-1 Principal Balance in the case of a Class M-1 Certificate, the Original Class M-2 Principal Balance in the case of a Class M-2 Certificate, the Original Class B-1 Principal Balance in the case of a Class B-1 Certificate, the Original Class B-2 Principal Balance in the case of the Class B-2 Certificate, the Original Class B-3I Notional Amount in the case of a Class B-3I Certificate, and the Original Class P Principal Balance in the case of a Class P Certificate). The aggregate Class Percentage Interest for each Class of Certificates shall equal 100%. The Class R Certificate shall each be issued as a single Certificate having a Class Percentage Interest of 100%.

Class Percentage Interest means to a Member as of any date, the percentage of an outstanding Voting Class held by such Member.

Class Percentage Interest. As of any date of determination, with respect to the Class [__] Regular Interest and the Class [__] Certificates, a percentage interest equal to a fraction, the numerator of which is the Certificate Balance of the Class [__] Certificates, and the denominator of which is the Certificate Balance of the Class [__] Regular Interest.]

Class Percentage Interest means, as to any Note or Certificate, the percentage interest evidenced thereby in distributions made on the related Class, such percentage interest being equal to the percentage (carried to eight places) obtained from dividing the denomination of such Note or Certificate by the aggregate denomination of all Notes or Certificates of the related Class (which equals the Original Class A-1 Principal Balance in the case of a Class A-1 Note, the Original Class A-2 Principal Balance in the case of a Class A-2 Note, the Original Class M-1 Principal Balance in the case of a Class M-1 Note, the Original Class M-2 Principal Balance in the case of a Class M-2 Note, the Original Class B-1 Principal Balance in the case of a Class B-1 Note or the Original Class B-2 Principal Balance in the case of a Class B-2 Note). The aggregate Class Percentage Interest for each Class of Notes or Certificates shall equal 100%.

Class Percentage Interest means, as to any Note, the percentage interest ------------------------- evidenced thereby in distributions made on the related Class, such percentage interest being equal to the percentage (carried to eight places) obtained from dividing the denomination of such Note by the aggregate denomination of all Notes of the related Class (which equals the Original Class A-1 Principal Balance in the case of a Class A-1 Note and the Original Class A-2 Principal Balance in the case of a Class A-2 Note). The aggregate Class Percentage Interests for each Class of Notes shall equal 100%.

Class Percentage Interest means, with respect to one or more Limited Partners or Assignees included in a class, that fraction, expressed as a percentage, the numerator of which is such Limited Partners' or Assignees' Units of such class, and the denominator of which is the total number of such Units of such class outstanding as of the date of such determination,

Class Percentage Interest. With respect to any Certificate of any Class, the portion of the Certificates of such Class represented by such Certificate, expressed as a percentage, the numerator of which is the initial outstanding principal amount of such Certificate as of the Closing Date, as specified on the face thereof, and the denominator of which is, for a Class 1A Certificate, the Original Class 1A Balance and, for a Class 2A Certificate, the Original Class 2A Balance.