Prepayment Shift Percentage definition
Prepayment Shift Percentage. Not applicable.
Prepayment Shift Percentage. As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. Thereafter, the Prepayment Shift Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will be as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%.
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Prepayment Shift Distribution Date Occurring In Percentage ------------------------------ ----------
Examples of Prepayment Shift Percentage in a sentence
Distribution Amounts for Loan Group 1, (B) the Shift Percentage and (C) the Group I Priority Percentage and (ii) the product of (A) Unscheduled Principal Distribution Amounts for Loan Group 1, (B) the Prepayment Shift Percentage and (C) the Group I Priority Percentage.
Senior Prepayment On any distribution date, the sum of (1) the Percentage: Senior Percentage and (2) the product of (a) the Senior Principal Prepayment Shift Percentage for that distribution date multiplied by (b) the Subordinate Percentage for that distribution date.
Group 1, (B) the Shift Percentage and (C) the Priority Percentage and (ii) the product of (A) Unscheduled Principal Distribution Amounts for Loan Group 1, (B) the Priority Percentage and (C) the Prepayment Shift Percentage, each as of such Distribution Date.
For any Distribution Date will be the percentage indicated below: Class A-__ and Class A-__ Distribution Date Occurring In Prepayment Shift Percentage ------------------------------ --------------------------- _________ 1999 through ______ 2004.........
More Definitions of Prepayment Shift Percentage
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below:
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Prepayment Shift Distribution Date Occurring In Percentage ------------------------------------------------ ---------------------------- July 1999 through June 2004.................... 0% July 2004 through June 2005.................... 30% July 2005 through June 2006.................... 40% July 2006 through June 2007.................... 60% July 2007 through June 2008.................... 80%
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Prepayment Shift Percentage
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE OCCURRING IN PREPAYMENT SHIFT PERCENTAGE February 1999 through January 2004 0% February 2004 through January 2005 30% February 2005 through January 2006 40% February 2006 through January 2007 60% February 2007 through January 2008 80% February 2008 and thereafter 100% PRINCIPAL ADJUSTMENT: In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.
Prepayment Shift Percentage. As to any Distribution Date, the percentage indicated below: Distribution Date Occurring In Class A-4 Prepayment Shift Percentage
Prepayment Shift Percentage. For any Distribution Date will be the percentage indicated below: PREPAYMENT SHIFT DISTRIBUTION DATE OCCURRING IN PERCENTAGE March 1999 through February 2004........................... 0% March 2004 through February 2005........................... 30% March 2005 through February 2006........................... 40% March 2006 through February 2007........................... 60% March 2007 through February 2008........................... 80%
Prepayment Shift Percentage. As to any Distribution Date occurring during the five years beginning on the first Distribution Date, 0%. For any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date as follows: for any Distribution Date in the first year thereafter, 30%; for any Distribution Date in the second year thereafter, 40%; for any Distribution Date in the third year thereafter, 60%; for any Distribution Date in the fourth year thereafter, 80%; and for any Distribution Date thereafter, 100%; provided, however, there will be no increase to the Class A-13 Prepayment Shift Percentage unless both of the following conditions are satisfied: (i) the outstanding principal balance of all Mortgage Loans delinquent 60 days or more (including Mortgage Loans in foreclosure, REO Property and Mortgage Loans the mortgagors of which are in bankruptcy) (averaged over the preceding six month period), as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates on such Distribution Date, does not equal or exceed 50% and (ii) cumulative Realized Losses with respect to the Mortgage Loans do not exceed (a) commencing with the Distribution Date on the fifth anniversary of the first Distribution Date, 30% of the Original Subordinate Principal Balance, (b) commencing with the Distribution Date on the sixth anniversary of the first Distribution Date, 35% of the Original Subordinate Principal Balance, (c) commencing with the Distribution Date on the seventh anniversary of the first Distribution Date, 40% of the Original Subordinate Principal Balance, (d) commencing with the Distribution Date on the eighth anniversary of the first Distribution Date, 45% of the Original Subordinate Principal Balance, and (e) commencing with the Distribution Date on the ninth anniversary of the first Distribution Date, 50% of the Original Subordinate Principal Balance.