Examples of Prepayment Percentage in a sentence
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%.
See the definition of “Group 1 Senior Prepayment Percentage or Group 2 Senior Prepayment Percentage”.
Adjustment An adjustment to the Prepayment Percentage applied at the beginning of each month, and arrived at by: comparing the sales ledger debt turn as conclusively determined by the Bank at the end of the previous calendar month against the Debt Turn Target specified in this Agreement; expressing any excess days as a percentage of the Debt Turn Target; and deducting this percentage from the Prepayment Percentage.
Group 3 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 3 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Group 3-A and Residual Certificates has been reduced to zero, then the Group 3 Subordinate Prepayment Percentage shall equal 100%.
Group 5 Subordinate Prepayment Percentage: For any Distribution Date, the excess of 100% over the Group 5 Senior Prepayment Percentage for such Distribution Date; provided, however, that if the Class 5-A Principal Balance has been reduced to zero, then the Group 5 Subordinate Prepayment Percentage shall equal 100%.