Group 2 Subordinate Percentage. On any Distribution Date, 100% minus the Group 2 Senior Percentage.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%.
Group 2 Subordinate Percentage means, with respect to any Payment Date and the Group 2 Notes, the percentage equal to 100% minus the Group 2 Senior Percentage for such Payment Date.
Examples of Group 2 Subordinate Percentage in a sentence
The "Group 2 Subordinate Percentage" with respect to any Payment Date and the Group 2 Notes is the percentage equal to 100% minus the Group 2 Senior Percentage for such Payment Date.
The "Group 2 Minimum Credit Enhancement Test" with respect to any Payment Date and Loan Group 2 is a test that will be satisfied if the Group 2 Subordinate Percentage is greater than or equal to 3.75%.
On the Closing Date, the Group 2 Subordinate Percentage will be 4.25%.
Group 2 Subordinate Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date.
On the Closing Date, the Group 2 Subordinate Percentage will be 4.00%.
More Definitions of Group 2 Subordinate Percentage
Group 2 Subordinate Percentage. With respect to any Loan Group within Collateral Pool 2 and any Distribution Date, 100% minus the Group 2 Senior Percentage for that Loan Group and Distribution Date.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%. Index: Initially, either One-Year CMT or One-Year LIBOR, as set forth on the Mortgage Loan Schedule. In the event such initial Index is no longer available, the Servicer will select a substitute Index in accordance with the terms of the related Mortgage Note and in compliance with applicable law. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.
Group 2 Subordinate Percentage means, with respect to each Payment Date and the Group 2 Notes, 100% minus the Group 2 Senior Percentage for such Payment Date.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%. Group 2-A Certificates: The Class 2-CB Certificates. Group 2-A-L Regular Interests: The Class 2-CB-L Regular Interest. Group 2-L Regular Interests: The Group 2-A-L Regular Interests. Group 3 Certificates: The Group 3-A Certificates.
Group 2 Subordinate Percentage. As to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate of the Class Principal Balances of the Classes of Group 2 Subordinate Certificates and the denominator of which is the Pool Balance of the Group 2 Mortgage Loans for such Distribution Date.
Group 2 Subordinate Percentage. With respect to any Subgroup within Collateral Pool 2 and any Distribution Date, 100% minus the Group 2 Senior Percentage.
Group 2 Subordinate Percentage. For any Distribution Date, the excess of 100% over the Group 2 Senior Percentage for such date. Group 2 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 2 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 2-A Certificates has been reduced to zero, then the Group 2 Subordinate Prepayment Percentage shall equal 100%. Index: For each Mortgage Loan, One-Year MTA. For each Mortgage Loan and each Interest Rate Adjustment Date, the One-Year MTA figure used to calculate the Mortgage Interest Rate will be the most recent One-Year MTA figure available as of fifteen days before such Interest Rate Adjustment Date. In the event One-Year MTA (or a substitute index) is no longer available, the Servicer will select a substitute index in accordance with the Mortgage Note. For the Class A-L Regular Interests, One-Year MTA. For each Distribution Date, the One-Year MTA figure used to calculate the Certificate Interest Rate for such Distribution Date for the Class A-L Regular Interests will be the most recent One-Year MTA figure available as of fifteen days before the beginning of the Prior Period. In the event One-Year MTA (or a substitute index) is no longer available, the substitute index selected for the Mortgage Loans will be the substitute index for the Class A-L Regular Interests. Indirect DTC Participants: Entities such as banks, brokers, dealers or trust companies, that clear through or maintain a custodial relationship with a DTC Participant, either directly or indirectly.