{"component": "definition", "props": {"groups": [{"samples": [{"hash": "jeva2WIfGlC", "uri": "/contracts/jeva2WIfGlC#stepdown-percentage", "label": "Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)", "score": 19.0, "published": true}, {"hash": "fNwu0cwqNU7", "uri": "/contracts/fNwu0cwqNU7#stepdown-percentage", "label": "Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)", "score": 19.0, "published": true}, {"hash": "eFW9n2sCj23", "uri": "/contracts/eFW9n2sCj23#stepdown-percentage", "label": "Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-2)", "score": 19.0, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "clause", "offset": [20, 37]}, {"key": "the-percentage", "type": "definition", "offset": [39, 53]}, {"key": "april-2011", "type": "clause", "offset": [104, 114]}, {"key": "april-2012", "type": "clause", "offset": [138, 148]}, {"key": "april-2013", "type": "clause", "offset": [172, 182]}, {"key": "after-march", "type": "clause", "offset": [240, 251]}], "snippet": "With respect to any Distribution Date, the percentage indicated below: 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%", "size": 48, "hash": "fc4108d996b12b49092481bbcf6e139d", "id": 1}, {"samples": [{"hash": "j63P0aACGqg", "uri": "/contracts/j63P0aACGqg#stepdown-percentage", "label": "Pooling and Servicing Agreement (Mastr Asset Securitization Trust 2004-11)", "score": 19.0, "published": true}, {"hash": "gXCW1rfqCFb", "uri": "/contracts/gXCW1rfqCFb#stepdown-percentage", "label": "Pooling and Servicing Agreement (Mastr Alternative Loan Trust 2004-12)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-distribution-date", "type": "definition", "offset": [54, 75]}, {"key": "november-2009", "type": "clause", "offset": [79, 92]}, {"key": "december-2009", "type": "clause", "offset": [133, 146]}, {"key": "november-2010", "type": "clause", "offset": [192, 205]}, {"key": "december-2010", "type": "clause", "offset": [247, 260]}, {"key": "november-2011", "type": "clause", "offset": [306, 319]}, {"key": "december-2011", "type": "clause", "offset": [360, 373]}, {"key": "november-2012", "type": "clause", "offset": [419, 432]}, {"key": "december-2012", "type": "clause", "offset": [472, 485]}, {"key": "november-2013", "type": "clause", "offset": [531, 544]}], "snippet": "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.", "size": 24, "hash": "8b64a73f7890ac44f78dae3e8e9443ae", "id": 2}, {"samples": [{"hash": "h1emQCIsRQj", "uri": "/contracts/h1emQCIsRQj#stepdown-percentage", "label": "Credit Agreement (Certara, Inc.)", "score": 36.7891854894, "published": true}, {"hash": "ltBM6GVC4t6", "uri": "/contracts/ltBM6GVC4t6#stepdown-percentage", "label": "First Lien Credit Agreement (Waystar Holding Corp.)", "score": 36.7481193542, "published": true}, {"hash": "aPEv8rvzNi6", "uri": "/contracts/aPEv8rvzNi6#stepdown-percentage", "label": "First Lien Credit Agreement (Waystar Holding Corp.)", "score": 35.9952087402, "published": true}], "snippet_links": [{"key": "the-definition-of", "type": "clause", "offset": [41, 58]}, {"key": "required-excess-cash-flow-percentage", "type": "definition", "offset": [60, 96]}], "snippet": "has the meaning assigned to such term in the definition of \u201cRequired Excess Cash Flow Percentage\u201d.", "size": 17, "hash": "48699be1221ecd36201adea9f6a30e56", "id": 3}, {"samples": [{"hash": "87ilmXTT4rN", "uri": "/contracts/87ilmXTT4rN#stepdown-percentage", "label": "Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "distribution-date", "type": "clause", "offset": [8, 25]}, {"key": "the-percentage", "type": "definition", "offset": [27, 41]}, {"key": "september-2009", "type": "clause", "offset": [159, 173]}, {"key": "september-2011", "type": "clause", "offset": [239, 253]}], "snippet": "For any Distribution Date, the percentage indicated below: October 2002 through September 2007 0% October 2007 through September 2008 30% October 2008 through September 2009 40% October 2009 through September 2010 60% October 2010 through September 2011 80% October 2011 and thereafter 100%", "size": 13, "hash": "0ceb72a738b5b1d1fa5e325bd27d3fdb", "id": 4}, {"samples": [{"hash": "eHrgDV3pceG", "uri": "/contracts/eHrgDV3pceG#stepdown-percentage", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "6lL2xdVm2Tg", "uri": "/contracts/6lL2xdVm2Tg#stepdown-percentage", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}, {"hash": "47ns8UDGu2B", "uri": "/contracts/47ns8UDGu2B#stepdown-percentage", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [0, 14]}, {"key": "determination-date", "type": "definition", "offset": [17, 35]}, {"key": "the-percentage", "type": "definition", "offset": [42, 56]}, {"key": "in-accordance-with", "type": "clause", "offset": [68, 86]}, {"key": "schedule-10", "type": "definition", "offset": [87, 98]}], "snippet": "in relation to a Determination Date means the percentage calculated in accordance with Schedule 10 for that Determination Date.", "size": 3, "hash": "39c904541cf8b026caa27714237be755", "id": 5}, {"samples": [{"hash": "jr6jIZOVUH1", "uri": "/contracts/jr6jIZOVUH1#stepdown-percentage", "label": "Pooling and Servicing Agreement (PHH Mortgage Capital LLC)", "score": 18.0, "published": true}], "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "distribution-date", "type": "clause", "offset": [20, 37]}, {"key": "the-percentage", "type": "definition", "offset": [39, 53]}], "snippet": "With respect to any Distribution Date, the percentage indicated below: DISTRIBUTION DATE STEPDOWN PERCENTAGE ----------------- ------------------- [______________] through [______________] 0% [______________] through [______________] 30% [______________] through [______________] 40% [______________] through [______________] 60% [______________] through [______________] 80% [______________] and thereafter 100%", "size": 2, "hash": "bb9692c959454045c94884fc2538f604", "id": 6}, {"samples": [{"hash": "aP75u2fa0Zm", "uri": "/contracts/aP75u2fa0Zm#stepdown-percentage", "label": "Supplemental Deed (Anz Capel Court LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "determination-date", "type": "definition", "offset": [14, 32]}, {"key": "in-respect-of", "type": "definition", "offset": [37, 50]}, {"key": "payment-date", "type": "definition", "offset": [77, 89]}, {"key": "the-percentage", "type": "definition", "offset": [91, 105]}, {"key": "in-accordance-with", "type": "clause", "offset": [117, 135]}, {"key": "schedule-3", "type": "definition", "offset": [136, 146]}, {"key": "support-facilities", "type": "definition", "offset": [175, 193]}, {"key": "in-addition-to", "type": "clause", "offset": [204, 218]}, {"key": "set-out", "type": "definition", "offset": [231, 238]}, {"key": "definitions-schedule", "type": "definition", "offset": [246, 266]}], "snippet": "means, on any Determination Date and in respect of the immediately following Payment Date, the percentage calculated in accordance with schedule 3 on that Determination Date. SUPPORT FACILITIES includes, in addition to those items set out in the Definitions Schedule:", "size": 1, "hash": "75281a876e6a8064f0553ca020c85025", "id": 7}, {"samples": [{"hash": "jKEimMTGDza", "uri": "/contracts/jKEimMTGDza#stepdown-percentage", "label": "Series Supplement (Securitisation Advisory Services Pty LTD)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-relation-to", "type": "clause", "offset": [0, 14]}, {"key": "determination-date", "type": "definition", "offset": [17, 35]}, {"key": "the-percentage", "type": "definition", "offset": [42, 56]}, {"key": "in-accordance-with", "type": "clause", "offset": [68, 86]}, {"key": "schedule-11", "type": "clause", "offset": [87, 98]}], "snippet": "in relation to a Determination Date means the percentage calculated in accordance with Schedule 11 for that Determination Date.", "size": 1, "hash": "78b19a2ecd6b9a95955bfb3b4a76929d", "id": 8}, {"samples": [{"hash": "30TSw2J3K86", "uri": "/contracts/30TSw2J3K86#stepdown-percentage", "label": "Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-4)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-distribution-date", "type": "definition", "offset": [54, 75]}, {"key": "april-2009", "type": "clause", "offset": [184, 194]}, {"key": "april-2011", "type": "clause", "offset": [395, 405]}, {"key": "april-2012", "type": "clause", "offset": [499, 509]}, {"key": "successors-and-assigns", "type": "definition", "offset": [589, 611]}, {"key": "mortgage-loans", "type": "definition", "offset": [667, 681]}], "snippet": "For any Distribution Date: (i) 0% until and including the Distribution Date in April 2008, (ii) 30% from the Distribution Date in May 2008 until and including the Distribution Date in April 2009, (iii) 40% from the Distribution Date in May 2009 until and including the Distribution Date in April 2010, (iv) 60% from the Distribution Date in May 2010 until and including the Distribution Date in April 2011, (v) 80% from the Distribution Date in May 2011 until and including the Distribution Date in April 2012 and (vi) 100% thereafter. Sterling Capital: Sterling Capital Mortgage, and its successors and assigns, in its capacity as Originator of the Sterling Capital Mortgage Loans.", "size": 1, "hash": "e6aa39dedaea50ad650388e86c3982db", "id": 9}, {"samples": [{"hash": "rItmoZrfYe", "uri": "/contracts/rItmoZrfYe#stepdown-percentage", "label": "Pooling and Servicing Agreement (Residential Accredit Loans Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "prior-to-the-distribution-date", "type": "clause", "offset": [36, 66]}, {"key": "september-2009", "type": "clause", "offset": [300, 314]}, {"key": "september-2011", "type": "clause", "offset": [472, 486]}], "snippet": "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.", "size": 1, "hash": "6029f25573a549cb40ba213571348afc", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIcc3RlcGRvd24tcGVyY2VudGFnZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"title": "Stepdown Percentage", "snippet": "With respect to any Distribution Date, the percentage indicated below: 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%", "size": 115, "id": "stepdown-percentage", "examples": ["Dated: For and on behalf of PERPETUAL TRUSTEE COMPANY LIMITED as trustee of the Series Trust ------------------------------ ------------------------------ Authorised Officer Authorised Officer 151 Schedule 10 <strong>Stepdown Percentage</strong> Determination of <strong>Stepdown Percentage</strong> The <strong>Stepdown Percentage</strong> on a Determination Date is determined as follows.", "Repurchase Price Percentage: The related Purchase Price Percentage, times the <strong>Stepdown Percentage</strong>.", "The <strong>Stepdown Percentage</strong> on a Determination Date is determined as follows."], "related": [["class-b-6-percentage", "Class B-6 Percentage", "Class B-6 Percentage"], ["reduction-percentage", "Reduction Percentage", "Reduction Percentage"], ["original-class-b-6-percentage", "Original Class B-6 Percentage", "Original Class B-6 Percentage"], ["class-b-2-percentage", "Class B-2 Percentage", "Class B-2 Percentage"], ["original-class-b-2-percentage", "Original Class B-2 Percentage", "Original Class B-2 Percentage"]], "related_snippets": [], "updated": "2025-10-20T04:24:55+00:00"}, "json": true, "cursor": ""}}