Credit Enhancement Percentage definition

Credit Enhancement Percentage. For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.
Credit Enhancement Percentage. For any Distribution Date the percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Principal Balance of the Mezzanine Certificates (after giving effect to the distribution of the Principal Distribution Amount on such Distribution Date) and (ii) the Overcollateralization Amount which for the purposes of this definition shall not be less than zero (after giving effect to the distribution of the Principal Distribution Amount on such Distribution Date) by (y) the Aggregate Principal Balance as of the last day of the related Due Period.

Examples of Credit Enhancement Percentage in a sentence

  • Credit Enhancement Percentage: The "Credit Enhancement Percentage" for a Distribution Date is equal to (i) the sum of (a) the aggregate principal balance of the Subordinate Certificates and (b) the Overcollateralization Amount divided by (ii) the aggregate principal balance of the Mortgage Loans.

  • Stepdown Date: The earlier of (i) the Distribution Date on which the aggregate certificate principal balance of the Class A Certificates has been reduced to zero, and (ii) the later to occur of (x) the Distribution Date in [June 2008] and (y) the first Distribution Date on which the Credit Enhancement Percentage is greater than or equal to [43.70%].

  • Senior Credit Enhancement Percentage: Limited Cross-collateralization: This information is furnished to you solely by Greenwich Capital Markets, Inc.

  • Credit Enhancement Percentage: The percentage obtained by dividing the aggregate certificate principal balance of the Class M, Class B, Class C and Class P Certificates by the aggregate principal balance of the mortgage loans.

  • A Delinquency Trigger Event is in effect if the quotient (expressed as a percentage) of (x) the three month rolling daily average of 60+ day Delinquent Loans as of the last day of the Due Period, over (y) the aggregate principal balance of the Mortgage Loans equals or exceeds [37]% of the prior period's Credit Enhancement Percentage.


More Definitions of Credit Enhancement Percentage

Credit Enhancement Percentage. With respect to any Distribution Date and any Class of Publicly Offered Certificates, the percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Principal Balance of the Class or Classes of Publicly Offered Certificates subordinate thereto and (ii) the Overcollateralization Amount by (y) the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the holders of the Certificates then entitled to distributions of principal on such Distribution Date.
Credit Enhancement Percentage. With respect to any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Class Certificate Balance of the Class M Certificates and (ii) the Overcollateralization Amount (assuming the Overcollateralization Amount is not less than zero and in each case after taking into account the distributions of the Principal Payment Amount for such Distribution Date assuming no Trigger Event has occurred) by (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date. Credit Risk Manager: Not applicable.
Credit Enhancement Percentage. For any Distribution Date is the percentage obtained by dividing (x) the aggregate Current Principal Amount of the Subordinate Certificates in the related Loan Group (including the related Overcollateralization Amount) thereto by (y) the aggregate Principal Balance of the Mortgage Loans in the related Loan Group, calculated after taking into account distributions of principal on the related Mortgage Loans and distribution of the Principal Distribution Amounts to the holders of the related Certificates then entitled to distributions of principal on such Distribution Date. Cumulative Loss Test Violation: The Group I Cumulative Loss Test Violation or the Group II Cumulative Loss Test Violation, as applicable.
Credit Enhancement Percentage. With respect to any Distribution Date and any Class of Certificates, the percentage obtained by dividing (i) the sum of (x) the aggregate Class Principal Balance of the Subordinate Certificates subordinate to such Class and (y) the Overcollateralized Amount by (y) the Aggregate Collateral Balance. Initial Credit Enhancement Percentage Target Credit Enhancement Percentage before October 2013 or Stepdown Date Target Credit Enhancement Percentage on or after October 2013 or Stepdown Date Senior 12.950% 32.375% 25.900% B-1 10.850% 27.125% 21.700% B-2 7.700% 19.250% 15.400% B-3 6.600% 16.500% 13.200% B-4 5.550% 13.875% 11.100% B-5 4.600% 11.500% 9.200% B-6 3.850% 9.625% 7.700% B-7 3.350% 8.375% 6.700% B-8 2.700% 6.750% 5.400% B-9 2.000% 5.000% 4.000%
Credit Enhancement Percentage. For any class of notes on any Payment Date, the percentage obtained by dividing (x) the aggregate Class Note Balance of the class or classes subordinate thereto (including any overcollateralization and taking into account distributions of the Principal Distribution Amount for such Payment Date) by (y) the Pool Balance as of the last day of the related Due Period.
Credit Enhancement Percentage. For any Distribution Date, the percentage obtained by dividing (x) the sum of (i) the aggregate Certificate Principal Balances of the Mezzanine Certificates and (ii) the Overcollateralization Amount, in each case after taking into account the distribution of the Principal Distribution Amount on such Distribution Date by (y) the Pool Balance as of the last day of the related Collection Period.
Credit Enhancement Percentage. For any Class of Certificates and any Distribution Date, the percentage by dividing (x) the sum of (i) the aggregate Certificate Principal Balances of the Class or Classes of Certificates subordinate to such Certificate and (ii) the Overcollateralization Amount by (y) the aggregate Principal Balance of the Loans, calculated after taking into account distributions of principal on the Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date. CREDIT RISK MANAGEMENT AGREEMENT OR CREDIT RISK MANAGEMENT AGREEMENTS: Each agreement between the Credit Risk Manager and a Servicer or the Master Servicer, regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.