Lockout Prepayment Percentage. With respect to any Distribution Date, the product of (i) the Lockout Percentage and (ii) the Stepdown Percentage.
Lockout Prepayment Percentage. For any Distribution Date occurring prior to the Distribution Date in October 2011, 0%. For any Distribution Date occurring after the first five years following the Closing Date, a percentage determined as follows: (i) for any Distribution Date during the sixth year after the Closing Date, 30%; (ii) for any Distribution Date during the seventh year after the Closing Date, 40%; (iii) for any Distribution Date during the eighth year after the Closing Date, 60%; (iv) for any Distribution Date during the ninth year after the Closing Date, 80%; and (v) for any Distribution Date thereafter, 100%.
Lockout Prepayment Percentage. The product of (a) the Lockout Percentage and (b) the Step Down Percentage.
Examples of Lockout Prepayment Percentage in a sentence
Lockout Prepayment Percentage - For any distribution date occurring prior to the distribution date in , 0%.
S-54 Lockout Prepayment Percentage - For any distribution date occurring prior to the distribution date in , 0%.
More Definitions of Lockout Prepayment Percentage
Lockout Prepayment Percentage. For any Distribution Date occurring prior to the Distribution Date in May 2012, 0%. For any Distribution Date thereafter, as follows: 30% for any Distribution Date on or after May 2012 and prior to May 2013; 40% for any Distribution Date on or after May 2013 and prior to May 2014; 60% for any distribution Date on or after May 2014 and prior to May 2015; 80% for any Distribution Date on or after May 2015 and prior to May 2016; and 100% for any Distribution Date thereafter. Maturity Date: April 25, 2037, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.
Lockout Prepayment Percentage. For any Distribution Date occurring prior to the Distribution Date in April 2007 will be 0%, and for any Distribution Date thereafter, as follows: 30% for any Distribution Date on or after April 2007 and prior to April 2008; 40% for any Distribution Date on or after April 2008 and prior to April 2009; 60% for any Distribution Date on or after April 2009 and prior to April 2010; 80% for any Distribution Date on or after April 2010 and prior to April 2011; and 100% for any Distribution Date thereafter.
Lockout Prepayment Percentage. With respect to any Distribution Date occurring prior to the Distribution Date in April 2007, 0%. With respect to any Distribution Date thereafter, the percentage indicated below: Distribution Date Lockout Distribution Percentage ----------------- ------------------------------- April 2007 through March 2008 30% April 2008 through March 2009 40% April 2009 through March 2010 60% April 2010 through March 2011 80% April 2011 and thereafter 100%
Lockout Prepayment Percentage. For any Distribution Date, the product of (a) the Lockout Percentage for such Distribution Date and (b) the applicable Step Down Percentage.
Lockout Prepayment Percentage. For any Distribution Date occurring prior to the Distribution Date in January 2006 will be 0%. The Lockout Prepayment Percentage for any Distribution Date occurring after the first five years following the Closing Date will be as follows: for any Distribution Date during the sixth year after the Closing Date, 30%; for any Distribution Date during the seventh year after the Closing Date, 40%; for any Distribution Date during the eighth year after the Closing Date, 60%; for any Distribution Date during the ninth year after the Closing Date, 80%; and for any Distribution Date thereafter, 100%. Maturity Date: December 25, 2030, the Distribution Date immediately following the latest scheduled maturity date of any Mortgage Loan.
Lockout Prepayment Percentage. With respect to any Distribution Date occurring prior to the Distribution Date in April 2007, 0%. With respect to any Distribution Date thereafter, the percentage indicated below: Distribution Date Lockout Distribution Percentage April 2007 through March 2008 30% April 2008 through March 2009 40% April 2009 through March 2010 60% April 2010 through March 2011 80% April 2011 and thereafter 100% Lower Priority: As of any date of determination and any Class of Subordinate Certificates, any other Class of Subordinate Certificates then outstanding with a later priority for payments pursuant to Section 4.02(a).
Lockout Prepayment Percentage. A percentage equal to the product of (a) the Class A-3 Lockout Percentage and (b) the Class A-3 Step Down Percentage.