Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: Distribution Date Occurring % April 2006 through March 2011 0% April 2011 through March 2012 30% April 2012 through March 2013 40% April 2013 through March 2014 60% April 2014 through March 2015 80% After March 2015 100%
Stepdown Percentage. For any Distribution Date: (i) 0% until and including the Distribution Date in November 2009, (ii) 30% from the Distribution Date in December 2009 until and including the Distribution Date in November 2010, (iii) 40% from the Distribution Date in December 2010 until and including the Distribution Date in November 2011, (iv) 60% from the Distribution Date in December 2011 until and including the Distribution Date in November 2012, (v) 80% from the Distribution Date in December 2012 until and including the Distribution Date in November 2013 and (vi) 100% thereafter.
Stepdown Percentage has the meaning assigned to such term in the definition of “Required Excess Cash Flow Percentage”.
Examples of Stepdown Percentage in a sentence
If the Stepdown Conditions are satisfied, the Class A noteholders are allocated their share of the Class A Scheduled Principal Amount and the Class A Unscheduled Principal Amount and the Stepdown Percentage (which may vary between 0% and 100%) of the Class B Unscheduled Principal Amount and the Class B noteholders are allocated their share of the Class B Scheduled Principal Amount, together with the remainder of the Class B Unscheduled Amount not allocated to the Class A noteholders.
If the Stepdown Conditions are satisfied, then the Stepdown Percentage may vary from 100% to 0% - see the definition of Stepdown Percentage in the Glossary for the calculation of the applicable percentage.
More Definitions of Stepdown Percentage
Stepdown Percentage in relation to a Determination Date means the percentage calculated in accordance with Schedule 10 for that Determination Date.
Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE OCCURRING IN STEPDOWN PERCENTAGE September 2005 through August 2010 0% September 2010 through August 2011 30% September 2011 through August 2012 40% September 2012 through August 2013 60% September 2013 through August 2014 80% September 2014 and thereafter 100%
Stepdown Percentage. With respect to any Distribution Date, the percentage indicated below: Distribution Date Occurring % [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% [________] through [________] [________]% After [________] [________]%
Stepdown Percentage. With respect to any Mortgage Loan and the determination of the related Repurchase Price Percentage, such percentage as when multiplied by the related Purchase Price Percentage shall reduce the Repurchase Price Percentage monthly, on a straightline basis, until the Repurchase Price Percentage is reduced to zero percent (0%) at the end of sixty (60) months after the Sale Date.
Stepdown Percentage the meaning given by Clause 6.8.2.2;
Stepdown Percentage in relation to a Determination Date means the percentage calculated in accordance with Schedule 11 for that Determination Date.
Stepdown Percentage. For any Distribution Date occurring prior to the Distribution Date in September 2007, 0%, and for any Distribution Date thereafter, as follows: 30% for any Distribution Date on or after September 2007 and prior to September 2008; 40% for any Distribution Date on or after September 2008 and prior to September 2009; 60% for any Distribution Date on or after September 2009 and prior to September 2010; 80% for any Distribution Date on or after September 2010 and prior to September 2011; and 100% for any Distribution Date thereafter.