Lockout Certificate Percentage definition

Lockout Certificate Percentage. For each Distribution Date, the percentage equal to the aggregate Certificate Principal Balance of the Class A-7 Certificates immediately prior to such Distribution Date divided by the sum of the aggregate Certificate Principal Balances of the Class A Certificates immediately prior to such Distribution Date.
Sample 1Sample 2Sample 3
Lockout Certificate Percentage. With respect to the Class AF-6 Certificates and any Distribution Date, the percentage equal to the Certificate Principal Balance of the Class AF-6 Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class AF Certificates immediately prior to such Distribution Date.
Sample 1Sample 2Sample 3
Lockout Certificate Percentage. With respect to the Class AF-4 Certificates and each Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the Certificate Principal Balance of the Class AF-4 Certificates immediately prior to such Distribution Date and the denominator of which is (y) the aggregate Certificate Principal Balances of the Class A Certificates in Certificate Group I immediately prior to such Distribution Date.
Sample 1

Examples of Lockout Certificate Percentage in a sentence

  • The Lockout Distribution Percentage for any distribution date occurring after the first three years following the closing date will be as follows: o for any distribution date during the fourth and fifth years after the closing date, 45% o for any distribution date during the sixth year after the closing date, 80% o for any distribution date during the seventh year after the closing date, 100% o for any distribution date thereafter, the lesser of: o 300% of the Lockout Certificate Percentage and o 100%.

  • Lockout Certificate Percentage -- A percentage calculated for each distribution date equal to the aggregate Certificate Principal Balance of the Lockout Certificates divided by the sum of the aggregate Certificate Principal Balances of the Class A-I Certificates.

  • Goodwill is the residual between the fair value of consideration transferred and the fair value of the net assets acquired.


More Definitions of Lockout Certificate Percentage

Lockout Certificate Percentage. A fraction, expressed as a percentage, equal to (x) the aggregate Certificate Principal Balance of the Class A-5 Certificates divided by (y) the aggregate Certificate Principal Balances of the Class A-1, Class A-2, Class A-3, Class A-4 and Class A-5 Certificates and the amounts of the Class A-10 Components A, D and F.
Sample 1
Lockout Certificate Percentage. With respect to (i) the Class A-I-9 Certificates and any Distribution Date, the percentage equal to the Certificate Principal Balance of the Class A-I-9 Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Group I Class A Certificates immediately prior to such Distribution Date and (ii) the Class A-II-9 Certificates and any Distribution Date, the percentage equal to the Certificate Principal Balance of the Class A-II-9 Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Group II Class A Certificates immediately prior to such Distribution Date.
Sample 1
Lockout Certificate Percentage. With respect to any Distribution Date, the percentage indicated below for such Distribution Date: ------------------------------------------------------------------------- Distribution Date occurring in: Lockout Percentage ------------------------------------------------------------------------- March 2005 through and including February 2008 0% ------------------------------------------------------------------------- March 2008 through and including February 2010 45% ------------------------------------------------------------------------- March 2010 through and including February 2011 80% ------------------------------------------------------------------------- March 2011 through and including February 2012 100% ------------------------------------------------------------------------- ------------------------------------------------------------------------- March 2012 and thereafter 300% -------------------------------------------------------------------------
Sample 1
Lockout Certificate Percentage. Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.
Sample 1
Lockout Certificate Percentage. With respect to each Distribution Date and the NAS Certificates, an amount calculated for each Distribution Date to be the percentage equal to the aggregate Certificate Principal Balance of the NAS Certificates immediately prior to such Distribution Date divided by the aggregate Certificate Principal Balance of the Class A Certificates immediately prior to such Distribution Date.
Sample 1
Lockout Certificate Percentage. For any Distribution Date, the percentage equal to the aggregate Certificate Principal Balance of the Lockout Certificates divided by the sum of the aggregate Certificate Principal Balances of the Senior Certificates, in each case immediately prior to such Distribution Date. [TPW: NY01:613641.4] 16069-00420 10/29/97 10:50PM 12
Sample 1

Related to Lockout Certificate Percentage

  • Certificate Percentage means (i) for each Payment Date until the Notes have been paid in full, 0%; and (ii) thereafter, 100%.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Class A Certificate Rate means, for any Interest Accrual Period with respect to the Class A Certificates, a per annum rate equal to LIBOR plus 0.11%.

  • Aggregate Certificate Principal Balance At any given time, the sum of the then current Class Principal Balances of the Certificates.

  • Class A Certificate Principal Balance As of any date of determination, the sum of the Class A-1 Certificate Principal Balance, the Class A-2A Certificate Principal Balance, the Class A-2B Certificate Principal Balance, the Class A-2C Certificate Principal Balance, the Class A-2D Certificate Principal Balance and the Class R Certificate Principal Balance.

  • Original Class Certificate Principal Balance With respect to the Class A Certificates, the Mezzanine Certificates, the Class C Certificates and the Class P Certificates, the corresponding amounts set forth opposite such Class above in the Preliminary Statement.

  • Class B-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-5 and Exhibit C hereto. Class B-5 Certificateholder: The registered holder of a Class B-5 Certificate.

  • Certificate Rate means 0.00% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).

  • Class A-1 Certificate Principal Balance As of any date of determination, the aggregate Certificate Principal Balance of the Class A-1 Certificates.

  • Class Certificate Principal Balance As to any Class of Certificates, other than any Class of Notional Certificates, and as of any date of determination, the aggregate of the Certificate Principal Balances of all Certificates of such Class. The Class Certificate Principal Balance of each such Class of Certificates as of the Closing Date is specified in Section 5.01(b).

  • Initial Class Certificate Balance As to each Class of Certificates, the Class Certificate Balance set forth in the Preliminary Statement.

  • Class B Certificate Rate means, for any Interest Period with respect to the Class B Certificates, a per annum rate equal to LIBOR as of the LIBOR Determination Date for such Interest Period plus the Class B Certificate Rate Spread.

  • Class A-5 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-5 and Exhibit C hereto. Class A-5 Certificateholder: The registered holder of a Class A-5 Certificate.

  • Class A Certificate Group The Group I Class A Certificates or the Group II Class A Certificates, as applicable.

  • Class A-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-6 and Exhibit C hereto.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • Class Certificate Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Initial Certificate Principal Balance With respect to each Class of Certificates, the Certificate Principal Balance of such Class of Certificates as of the Cut-off Date, as set forth in the Series Supplement.

  • Aggregate Certificate Balance when used with respect to Certificates, means, at any time of determination, the aggregate of the Certificate Balances of any two or more Principal Balance Certificates or of all the Certificates of any particular Class or Classes of Principal Balance Certificates, or, when used with respect to an EX XXXXX III Regular Interest, shall have the same meaning as “Certificate Balance”, or, when used with respect to a Class PST Component, shall mean the Class A-S-PST Percentage Interest of the Certificate Balance of the Class A-S REMIC III Regular Interest, the Class B-PST Percentage Interest of the Certificate Balance of the Class B REMIC III Regular Interest or the Class C-PST Percentage Interest of the Certificate Balance of the Class C REMIC III Regular Interest, as applicable.

  • Class B-4 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-4 and Exhibit C hereto. Class B-4 Certificateholder: The registered holder of a Class B-4 Certificate.

  • Initial Certificate Balance means $[ ].

  • Original Certificate Principal Balance With respect to any Class of Certificates, the amount specified for such Class in Section 4.01(d).

  • Class A-7 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit A-7 and Exhibit C hereto.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.

  • Certificate Factor With respect to any Class of Regular Certificates as of any Distribution Date, a fraction, expressed as a decimal carried to six places, the numerator of which is the aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates on such Distribution Date (after giving effect to any distributions of principal and allocations of Realized Losses in reduction of the Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates to be made on such Distribution Date), and the denominator of which is the initial aggregate Certificate Principal Balance (or the Notional Amount, in the case of the Class CE Certificates) of such Class of Certificates as of the Closing Date.