Group 5 Senior definition
Examples of Group 5 Senior in a sentence
On any Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried to six places rounded up) obtained by dividing the aggregate Current Principal Amount of the Group 5 Senior Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Group 5 Mortgage Loans as of the beginning of the related Due Period.
The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates or the Group 5 Senior Certificates, as applicable.
Group 5 Senior Certificates and the portions of the Subordinated Certificates related to Loan Group 5.
If the proceeds with respect to the Group 5 Mortgage Loans are not sufficient to pay all of the Group 5 Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, and then to the Group 5 Senior Certificates on a pro rata basis.
The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates, the Group 5 Senior Certificates, the Group 6 Senior Certificates, or the Group 7 Senior Certificates, as applicable.
As to any Distribution Date, the aggregate, for each Mortgage Loan in Loan Group 5 which became a Liquidated Mortgage Loan during the prior calendar month, of the lesser of (i) the Group 5 Senior Percentage of the Stated Principal Balance of such Mortgage Loan and (ii) the applicable Senior Prepayment Percentage of the Liquidation Principal with respect to such Mortgage Loan.
The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates, the Group 4 Senior Certificates, the Group 5 Senior Certificates and the Group 6 Senior Certificates, as applicable.
With respect to the Pass-Through Loan Groups, the Group 1, Group 2, Group 3 and Group 4 Certificates, and with respect to the Floater Loan Group, the Group 5 Senior Certificates.
On any Distribution Date, the lesser of (i) 100% and (ii) the percentage obtained by dividing the aggregate Current Principal Amounts of all the Group 5 Senior P&I Certificates immediately preceding such Distribution Date by the aggregate Scheduled Principal Balance of the Mortgage Loans (other than the PO Percentage) in the related Mortgage Loan Group immediately preceding such Distribution Date.
If the proceeds with respect to the Group 5 Mortgage Loans are not sufficient to pay all of the Group 5 Senior Certificates in full, any such deficiency will be allocated first, to the Subordinate Certificates, in inverse order of their numerical designation, then to the Senior Mezzanine Certificates, and then to the Group 5 Senior Certificates on a pro rata basis.