Credit Support Percentage definition

Credit Support Percentage. As to any Class of Subordinate Certificates and any Distribution Date, the sum of the Class Percentages of all Classes of Certificates that rank lower in priority than such Class.

Credit Support Percentage. As defined in Section 5.02(d).

Credit Support Percentage. For any Distribution Date, shall be calculated as follows: The Credit Support Percentage with respect to the Class B1-I or Class B1-II Certificates will equal a fraction, expressed as a percentage, the numerator of which is the excess of (i) the Pool Balance of the related Mortgage Pool or Pools over (ii) the aggregate Certificate Principal Amount of the Group 1 Certificates (exclusive of the Class B2-I Certificates) or the aggregate Certificate Principal Amount of the Group 2, Group 3 and Group 4 and Class B1-II Certificates, as applicable, and the denominator of which is the Pool Balance of the related Mortgage Pool or Pools. The Credit Support Percentage with respect to the Class B3, Class B4 or Class B5 Certificates will equal a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Amount of any Class or Classes of Subordinate Certificates having a higher numerical class designation than such Class and the denominator of which is the sum of the Pool Balances of Pool 1, Pool 2, Pool 3 and Pool 4.

Examples of Credit Support Percentage in a sentence

• The Credit Support Percentage with respect to the Class B3, Class B4 or Class B5 Certificates will equal a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Amount of any Class or Classes of Subordinate Certificates having a higher numerical class designation than such Class and the denominator of which is the sum of the Pool Balances of Pool 1 and Pool 2.

• Likewise, among the Class B3, B4, B5, and B6 Certificates, on any distribution date for which the Credit Support Percentage for any such Class is less than its original Credit Support Percentage, no distributions of prepayments or recoveries allocable to principal will be made to any Class of lower priority than it.

• Subordinate Certificates On any distribution date for which the Credit Lockout of Prepayments Support Percentage of the 1B1 or 2B1 Certificates and Recoveries is less than its original Credit Support Percentage, no distributions of prepayments or recoveries allocable to principal will be made to the Class 1B2 or 2B2, respectively.

• Likewise, among the Class B2, B3, B4, B5, and B6 Certificates, on any distribution date for which the Credit Support Percentage for any such Class is less than its original Credit Support Percentage, no distributions of prepayments or recoveries allocable to principal will be made to any Class of lower priority than it.

• For a Class of Subordinate ---------------------------------- Certificates, the Credit Support Percentage for such Class of Certificates on the Closing Date.

More Definitions of Credit Support Percentage

Credit Support Percentage. As to any Class or Component of Subordinate Certificates and any Distribution Date, the sum of the Class Percentages of all Classes and Component, if any, of Certificates designated with the same roman numeral (i.e., "I" or "II") that rank lower in priority than such Class or Component.

Credit Support Percentage. For any Class or Component of Certificates with respect to either Collateral Pool, on any distribution date, the sum of the Class Percentages of each Class of lower priority (before applying distributions for that date) in the related pool.

Credit Support Percentage. For any Distribution Date, shall be calculated as follows:

Credit Support Percentage. As to any Class or Component of the Subordinate Certificates in a Certificate Group and any Distribution Date, the sum of the Class Percentages of all Classes and Components, if any, of Certificates in the related Certificate Group that rank lower in priority than such Class or Component. For purposes of this definition, the Class B1(1-3), Class B-2(1-3), Class B4(1-3), Class B5(1-3) and Class B6(1-3) Certificates and the B3(1-3) Component shall be considered both Group 1 Certificates and Group 3 Certificates.

Credit Support Percentage. As to any Group 1 Subordinate Component or Group 2-5 Subordinate Component and any Disxxxxxtion Date, the sum of the Class Percentages of all Components that rank lower in priority than such Component.

Credit Support Percentage. As to any Component and any Distribution Date, the sum of the Class Percentages of all Components in the related Certificate Group that rank lower in priority than such Component.

Credit Support Percentage. As to any Component and any Distribution Date, the sum of the Class Percentages of Components having the same parenthetical designation that rank lower in priority than such Component.