Senior Proportionate Percentage definition

Senior Proportionate Percentage. With respect to Pool 1 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1 and Pool 2 for such Distribution Date. With respect to Pool 2 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1 and Pool 2 for such Distribution Date.
Senior Proportionate Percentage. With respect to Pool 1 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2 and Pool 3 for such Distribution Date. With respect to Pool 2 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2 and Pool 3 for such Distribution Date. With respect to Pool 3 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 3 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2 and Pool 3 for such Distribution Date.
Senior Proportionate Percentage. With respect to Group 1 and any Payment Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Group 1 for such Payment Date and the denominator of which is the aggregate of the Principal Funds for Group 1 and Group 2 for such date. With respect to Group 2 and any Payment Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Group 2 for such Payment Date and the denominator of which is the aggregate of the Principal Funds for Group 1 and Group 2 for such date.

More Definitions of Senior Proportionate Percentage

Senior Proportionate Percentage. With respect to Pool 1 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Distribution Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Distribution Amounts for Pool 1 and Pool 2 for such Distribution Date. With respect to Pool 2 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Distribution Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Distribution Amounts for Pool 1 and Pool 2 for such Distribution Date.
Senior Proportionate Percentage. With respect to Pool 1 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 2 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 3 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 3 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 4 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 4 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date.
Senior Proportionate Percentage. For Pool 1 with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the aggregate of the current Class Principal Amounts of each class of the Pool 1 Senior Certificates for such Distribution Date and the denominator of which is the aggregate of the current Class Principal Amounts for the Senior Certificates for such date. For Pool 2 with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the aggregate of the current Class Principal Amounts of each class of the Pool 2 Senior Certificates for such Distribution Date and the denominator of which is the aggregate of the current Class Principal Amounts for the Senior Certificates for such date.
Senior Proportionate Percentage. With respect to Pool 1 and any Payment Date, the fraction, expressed as a percentage, the numerator of which is Principal Remittance Amount for Pool 1 for such Payment Date and the denominator of which is the aggregate of Principal Remittance Amount for Pool 1 and Pool 2 for such date. With respect to Pool 2 and any Payment Date, the fraction, expressed as a percentage, the numerator of which is Principal Remittance Amount for Pool 2 for such Payment Date and the denominator of which is the aggregate of Principal Remittance Amount for Pool 1 and Pool 2 for such date.
Senior Proportionate Percentage. With respect to Pool 1 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date. With respect to Pool 2 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date. With respect to Pool 3 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 3 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date. With respect to Pool 4 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 4 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date. With respect to Pool 5 and any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Remittance Amount for Pool 5 for such Distribution Date and the denominator of which is the aggregate of the Principal Remittance Amounts for Pool 1, Pool 2, Pool 3, Pool 4 and Pool 5 for such Distribution Date.
Senior Proportionate Percentage. For Pool 1 with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the aggregate of the current Class Principal Amounts of each Class of the Pool 1 Senior Certificates (other than any Notional Certificates) for such Distribution Date and the denominator of which is the aggregate of the current Class Principal Amounts for each Class of Senior Certificates (other than any Notional Certificates) for such date. For Pool 2 with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the aggregate of the current Class Principal Amounts of each Class of the Pool 2 Senior Certificates (other than any Notional Certificates) for such Distribution Date and the denominator of which is the aggregate of the current Class Principal Amounts for each Class of Senior Certificates (other than any Notional Certificates) for such date. For Pool 3 with respect to any Distribution Date, a fraction, expressed as a percentage, the numerator of which is the aggregate of the current Class Principal Amounts of each Class of the Pool 3 Senior Certificates (other than any Notional Certificates) for such Distribution Date and the denominator of which is the aggregate of the current Class Principal Amounts for each Class of Senior Certificates (other than any Notional Certificates) for such date.
Senior Proportionate Percentage. With respect to Pool 1 and for any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Pool 1 for such Distribution Date and the denominator of which is the aggregate of the Principal Funds for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 2 and for any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Pool 2 for such Distribution Date and the denominator of which is the aggregate of the Principal Funds for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 3 and for any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Pool 3 for such Distribution Date and the denominator of which is the aggregate of the Principal Funds for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. With respect to Pool 4 and for any Distribution Date, the fraction, expressed as a percentage, the numerator of which is the Principal Funds for Pool 4 for such Distribution Date and the denominator of which is the aggregate of the Principal Funds for Pool 1, Pool 2, Pool 3 and Pool 4 for such Distribution Date. Servicer: HomeBanc Mortgage Corporation, or its successor in interest or assigns or any successor to the Servicer under this Agreement as herein provided. Servicer Errors and Omission Insurance Policy: Any errors and omission insurance policy required to be obtained by the Servicer satisfying the requirements of Section 4.02(l).