Group II Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the aggregate Class Principal Balance of the Group II-A and Residual Certificates divided by the aggregate Class Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof, with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date.
Group II Senior Percentage. As of each Distribution Date, the lesser of 100% and a fraction, expressed as a percentage, the numerator of which is the aggregate Certificate Principal Balance of the Group II Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate Stated Principal Balance of all of the Mortgage Loans (or related REO Properties) in Loan Group II immediately prior to such Distribution Date.
Group II Senior Percentage. As to any Distribution Date, the percentage equivalent of a fraction the numerator of which is the Class Principal Balance of the Class II-A-1 Certificates immediately prior to such Distribution Date and the denominator of which is the aggregate of the Stated Principal Balances of the Mortgage Loans in Loan Group II, as of the first day of the related Collection Period (excluding any such Mortgage Loans that were subject to a Payoff, the principal of which was distributed on the Distribution Date preceeding the current Distribution Date); provided, however, in no event will the Group II Senior Percentage exceed 100%.
Examples of Group II Senior Percentage in a sentence
Group II Senior Percentage for such Distribution Date: ............................................
On any Distribution Date, 100% minus the Group II Senior Percentage.
Group II Senior Percentage for such Distribution Date: .........................
Group II Senior Percentage for such Distribution Date: ..........................
Group II Senior Percentage for such Distribution Date:.............................................
More Definitions of Group II Senior Percentage
Group II Senior Percentage. For any Distribution Date, the lesser of (i) 100% and (ii) the Class II-A Principal Balance divided by the aggregate Principal Balance of the Group II Loans (exclusive of the Class II-P Fraction thereof with respect to any Class II-P Mortgage Loan), in each case immediately before such Distribution Date. Group II Senior Prepayment Percentage: See the definition of “Group I Senior Prepayment Percentage or Group II Senior Prepayment Percentage.”
Group II Senior Percentage. With respect to Loan Group II, initially 92.50%. With respect to any Distribution Date and Loan Group II, the lesser of (i) 100% and (ii) the percentage obtained by dividing the aggregate Certificate Principal Balance of the Group II Senior Certificates in immediately preceding such Distribution Date by the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the beginning of the related Due Period.
Group II Senior Percentage. With respect to any Distribution Date and the Class A-2 Certificates, the lesser of (a) 100% and (b) a fraction, expressed as a percentage, the numerator of which is the excess, if any, of the Certificate Principal Balance of the Class A-2 Certificates over the aggregate amount, if any, payable to the Holders of the Class A-2 Certificates on such date pursuant to clause (d) of the definition of "Senior Principal Distribution Amount," and the denominator of which is the sum of (i) the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the Group II Mortgage Loans, plus (ii) the aggregate of the Non- Class PO Percentages of the Scheduled Principal Balances of the REO Properties in Loan Group II, in each case before reduction for any Realized Losses on such Distribution Date. Notwithstanding the foregoing, on any Cross-Collateralization Date on which the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the Group II Mortgage Loans exceed the Certificate Principal Balance of the Class A-2 Certificates, the Group II Senior Percentage will equal the sum of the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date plus the Group II Allocation Percentage of the Overcollateralized Amount divided by the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the Group II Mortgage Loans immediately prior to such Distribution Date. On any Distribution Date after the reduction of the Certificate Principal Balance of the Class A-1 Certificates and the Class A-3 Certificates to zero, the Group II Senior Percentage will be a percentage equal to the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date divided by the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of all of the Mortgage Loans immediately prior to such Distribution Date.
Group II Senior Percentage. As of the Closing Date, approximately 96.85%, and thereafter, with respect to any Distribution Date, the sum of the Class Principal Balances of the Class IIA Certificates divided by the aggregate Scheduled Principal Balance of all of the Group II Loans, in each case immediately prior to such Distribution Date.
Group II Senior Percentage. As of the Closing Date, approximately 97.73%, and thereafter, with respect to any Distribution Date, the sum of the Class Principal Balances of the Class IIA Certificates (other than the Class IIA-P Certificates) and Class R Certificate divided by the aggregate Scheduled Principal Balance of all of the Group II Loans, in each case immediately prior to such Distribution Date (exclusive of the Group II Discount Fraction of the Group II Discount Loans).
Group II Senior Percentage. The Group II-1 Senior Percentage, Group II-2 Senior Percentage, Group II-3 Senior Percentage or Group II-4 Senior Percentage, as applicable.
Group II Senior Percentage. As to any Distribution Date, the Senior Percentage minus the Group I Senior Percentage.