Senior Accelerated Distribution Percentage. With respect to any Distribution Date occurring on or prior to the 60th Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100%. With respect to any Distribution Date thereafter and any such Loan Group, if applicable, as follows:
Senior Accelerated Distribution Percentage. With respect to any Distribution Date occurring on or prior to the 60th Distribution Date, 100%. With respect to any Distribution Date thereafter, as follows:
Senior Accelerated Distribution Percentage. With respect to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE SENIOR ACCELERATED DISTRIBUTION PERCENTAGE [TABLE]
More Definitions of Senior Accelerated Distribution Percentage
Senior Accelerated Distribution Percentage. The Group I Senior Accelerated Distribution Percentage with respect to Loan Group I, or the Group II Senior Accelerated Distribution Percentage with respect to Loan Group II.
Senior Accelerated Distribution Percentage. The Group I, Group II, Group III or Group IV Senior Accelerated Distribution Percentage, as applicable.
Senior Accelerated Distribution Percentage. With respect to any Distribution Date, the percentage indicated below: Senior Accelerated Distribution Date Distribution Percentage ----------------- ----------------------- July 2000 through 100% June 2005 July 2005 through Senior Percentage, plus 70% of June 2006 the Subordinate Percentage July 2006 through Senior Percentage, plus 60% of June 2007 the Subordinate Percentage July 2007 through Senior Percentage, plus 40% of June 2008 the Subordinate Percentage July 2008 through Senior Percentage, plus 20% of June 2009 the Subordinate Percentage July 2009 and Senior Percentage, thereafter
Senior Accelerated Distribution Percentage. With respect to any Distribution Date, the percentage indicated below: Distribution Date Senior Accelerated Distribution Percentage July 2005 through June 2012 100% July 2012 through June 2013 Senior Percentage, plus 70% of the Subordinate Percentage July 2013 through June 2014 Senior Percentage, plus 60% of the Subordinate Percentage July 2014 through June 2015 Senior Percentage, plus 40% of the Subordinate Percentage July 2015 through June 2016 Senior Percentage, plus 20% of the Subordinate Percentage July 2016 and thereafter Senior Percentage provided, however, that any scheduled reduction to the Senior Accelerated Distribution Percentage described above shall not occur as of any Distribution Date unless either (a)(i)(X) the outstanding principal balance of Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure or bankruptcy and such Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust) averaged over the last six months as a percentage of the aggregate outstanding Class Certificate Balance of the Class M Certificates and the Class B Certificates, is less than 50%, or (Y) the outstanding principal balance of Mortgage Loans delinquent 60 days or more averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans averaged over the last six months, does not exceed 2% and (ii) Realized Losses on the Mortgage Loans to date for such Distribution Date, if occurring during the eighth, ninth, tenth, eleventh or twelfth year (or any year thereafter) after the Closing Date, are less than 30%, 35%, 40%, 45% or 50%, respectively, of the sum of the Initial Class Certificate Balances of the Subordinate Certificates; or (b) (i) the outstanding principal balance of Mortgage Loans delinquent 60 days or more (including for this purpose any such Mortgage Loans in foreclosure or bankruptcy and such Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust) averaged over the last six months, as a percentage of the aggregate outstanding principal balance of all Mortgage Loans averaged over the last six months, does not exceed 4%, and (ii) Realized Losses on the Mortgage Loans to date for such Distribution Date, if occurring during the eighth, ninth, tenth, eleventh or twelfth year (or any year thereafter) after the Closing Date, are less than 10%, 15%, 20%, 25% or 30%, respectively,...
Senior Accelerated Distribution Percentage. With respect to each Loan Group and any Distribution Date occurring during the first five years after the Closing Date, 100%. With respect to any Distribution Date thereafter and each Loan Group, as follows:
Senior Accelerated Distribution Percentage. For any Distribution Date occurring prior to the Distribution Date in September 2014, 100%. The Senior Accelerated Distribution Percentage for any Distribution Date occurring after the first ten years following the closing date will be as follows: o for any Distribution Date during the eighth year after the Closing Date, the Senior Percentage for that Distribution Date plus 70% of the Subordinate Percentage for that Distribution Date; o for any Distribution Date during the ninth year after the Closing Date, the Senior Percentage for that Distribution Date plus 60% of the Subordinate Percentage for that Distribution Date; o for any Distribution Date during the tenth year after the Closing Date, the Senior Percentage for that Distribution Date plus 40% of the Subordinate Percentage for that Distribution Date; o for any Distribution Date during the eleventh year after the Closing Date, the Senior Percentage for that Distribution Date plus 20% of the Subordinate Percentage for that Distribution Date; and o for any Distribution Date thereafter, the Senior Percentage for that Distribution Date. Any scheduled reduction to the Senior Accelerated Distribution Percentage shall not be made as of any Distribution Date unless either:
Senior Accelerated Distribution Percentage means for each Loan Group and any Distribution Date occurring prior to the 60th Distribution Date 100%. The related Senior Accelerated Distribution Percentage for any Distribution Date thereafter will be as follows: