Prepayment Percentage definition

Prepayment Percentage. As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group III Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive certain unscheduled principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive certain unscheduled principal distributions in accordance with Section 4.01(d)(i), the Group III Class B-3 Prepayment Percentage for such Distribution Date will be zero.

Prepayment Percentage. For any Distribution Date, the excess of 100% over the Senior Prepayment Percentage for such Distribution Date; provided, however, that if the aggregate Class Principal Balance of the Class A and Residual Certificates has been reduced to zero, then the Subordinate Prepayment Percentage shall equal 100%.

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%.

More Definitions of Prepayment Percentage

Prepayment Percentage means (x) with respect to a Prepayment Event described in clause (a) of the definition of Prepayment Event, the Asset Sale Prepayment Percentage and (y) with respect to a Prepayment Event described in clause (b) of the definition of Prepayment Event, 100%.

Prepayment Percentage shall have the meaning set forth in Schedule A. “Prime Rate” shall have the meaning set forth in the Partnership Agreement.

Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group V Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is (a) for the purpose of allocating Liquidation Proceeds (other than Partial Liquidation Proceeds), the Class B Principal Balance and (b) for the purpose of allocating all other unscheduled principal distributions, the Principal Balances of the Classes of Class B Certificates eligible to receive such unscheduled principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive such unscheduled principal distributions in accordance with Section 4.01(d)(i), the Group V Class B-5 Prepayment Percentage for such unscheduled principal distributions for such Distribution Date will be zero.

Prepayment Percentage means 100%.

Prepayment Percentage is (i) three percent (3.00%) if the Term Loan is repaid on or prior to the first anniversary of the Funding Date of such Term Loan, (ii) two percent (2.00%) if the Term Loan is repaid after the first anniversary of the Funding Date of such Term Loan but on or prior to the second anniversary of the Funding Date of such Term Loan and (iii) one percent (1.00%) if the Term Loan is prepaid after the second anniversary of the Funding Date of such Term Loan but prior to the Term Loan Maturity Date.

Prepayment Percentage means: (i) if the Prepayment Date is on or prior to the two (2)-year anniversary of the Original Issue Date, one hundred percent (100%) and (ii) if the Prepayment Date is after the two (2)-year anniversary of the Original Issue Date, sixty-six and two-thirds percent (66.67%).

Prepayment Percentage means, with respect to: