# Group I Senior Percentage definition

Group I Senior Percentage. As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group I Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group I immediately prior to such Distribution Date.
Group I Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group I-A Certificates divided by the aggregate Principal Balance of the Group I Loans (exclusive of the Class I-P Fraction thereof with respect to any Class I-P Mortgage Loan), in each case immediately before such Distribution Date. Group I Senior Prepayment Percentage, Group II Senior Prepayment Percentage or Group III Senior Prepayment Percentage : For any Distribution Date, each of the Group I Senior Prepayment Percentage, the Group II Senior Prepayment Percentage and the Group III Senior Prepayment Percentage shall equal 100%, unless (i) the Group I Senior Percentage for such Distribution Date is less than or equal to the Group I Senior Percentage as of the Closing Date, the Group II Senior Percentage for such Distribution Date is less than or equal to the Group II Senior Percentage as of the Closing Date and the Group III Senior Percentage for such Distribution Date is less than or equal to the Group III Senior Percentage as of the Closing Date, (ii) such Distribution Date occurs on or after the fifth anniversary of the first Distribution Date and (iii) the following tests specified in clauses (a) through (f) are met with respect to each of Loan Group I, Loan Group II and Loan Group III:
Group I Senior Percentage. For any Distribution Date, the aggregate Class Principal Balance of the Group I-A and Residual Certificates divided by the aggregate Principal Balance of the Group I-A, Group I-B and Residual Certificates, in each case immediately before such Distribution Date.

## Examples of Group I Senior Percentage in a sentence

• Group I Senior Percentage for such Distribution Date: ............................................

• On any Distribution Date, 100% minus the Group I Senior Percentage.

• For any Distribution Date, the excess of 100% over the Group I Senior Percentage.

• Group I Senior Percentage for such Distribution Date: ..........................

• Group I Senior Percentage for such Distribution Date: ...........................

## More Definitions of Group I Senior Percentage

Group I Senior 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 Class I-A-1, Class AR and Class AR-L Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group I, as of the first day of the related Collection Period (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceeding the current Distribution Date); provided, however, in no event will the Group I Senior Percentage exceed 100%.
Group I Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group I-A and Residual Certificates divided by the aggregate Principal Balance of the Group I Loans (exclusive of the Class I-P Fraction thereof with respect to any Class I-P Mortgage Loan), in each case immediately before such Distribution Date. Group I Senior Prepayment Percentage or Group II Senior Prepayment Percentage: For any Distribution Date, each of the Group I Senior Prepayment Percentage and the Group II Senior Prepayment Percentage shall equal 100%, unless (i) the Group I Senior Percentage for such Distribution Date is less than or equal to the Group I Senior Percentage as of the Closing Date and the Group II Senior Percentage for such Distribution Date is less than or equal to the Group II Senior Percentage as of the Closing Date, (ii) such Distribution Date occurs on or after the fifth anniversary of the first Distribution Date and (iii) the following tests specified in clauses (a) through (d) are met with respect to each of Loan Group I and Loan Group II:
Group I Senior Percentage. As of the Closing Date, approximately 96.85%, and thereafter, with respect to any Distribution Date, the sum of the Class Principal Balances of the Class IA Certificates and the Class R Certificate, divided by the aggregate Scheduled Principal Balance of all of the Group I Loans, in each case immediately prior to such Distribution Date.
Group I Senior Percentage. With respect to any Distribution Date, the aggregate Class Principal Balance of the Group I-A Certificates and the Residual Certificates divided by the aggregate Class Principal Balance of the Group I Certificates (less the Class I-P Principal Balance) and the Residual Certificates, in each case immediately prior to the Distribution Date.
Group I Senior Percentage. With respect to any Distribution Date and a loan group included in Collateral Pool I, the lesser of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the aggregate Certificate Principal Balance of the related Group I Class A Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the related Group I Class A Certificates on such date pursuant to clause (d) of the definition ofSenior Principal Distribution Amount,” and the denominator of which is the sum of (i) the aggregate Scheduled Principal Balance of the related Group I Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in related loan group, in each case before reduction for any Realized Losses on such Distribution Date. Notwithstanding the foregoing, on any Cross-Collateralization Date on which (x) the sum of (i) the aggregate Scheduled Principal Balance of the related Group I Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in the related loan group, in each case before reduction for any Realized Losses on such Distribution Date exceeds (y) the excess, if any, of the Certificate Principal Balance of the related Group I Class A Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the related Group I Class A Certificates on such date pursuant to clause (d) of the definition of “Senior Principal Distribution Amount,” the Group I Senior Percentage will equal the lesser of (a) 100% and (b) fraction, expressed as a percentage, the numerator of which is the sum of (i) the excess, if any, of the Certificate Principal Balance of the related Group I Class A Certificates for such Distribution Date over the aggregate amount, if any, payable to the Holders of the related Group I Class A Certificates on such date pursuant to clause (d) of the definition of “Senior Principal Distribution Amount,” plus (ii) the portion of the Overcollateralized Amount with respect to Collateral Pool I, and the denominator of which is the sum of (i) the aggregate Scheduled Principal Balance of the related Group I Mortgage Loans, plus (ii) the aggregate Scheduled Principal Balance of the REO Properties in related loan group, in each case before reduction for any Realized Losses on such Distribution Date. On any Distribution Date after the reduction of the Certificate Principal Balances of all but one of the r...
Group I Senior Percentage. With respect to Loan Group I, the lesser of (a) 100% and (b) the percentage (carried to six places rounded up) obtained by dividing the Note Principal Balance of the Group I Senior Notes immediately prior to such Payment Date, by the aggregate Scheduled Principal Balance of the Mortgage Loans in Loan Group I as of the beginning of the related Due Period. The initial Senior Percentage for Loan Group I will be equal to approximately 97.45%.
Group I Senior Percentage. The Group I-1 Senior Percentage, Group I-2 Senior Percentage or Group I-3 Senior Percentage, as applicable.