Class A-1 Percentage Interest definition

Class A-1 Percentage Interest means for each Class A-1 Member a percentage determined by dividing the number of outstanding Class A-1 Units held by such Class A-1 Member by the number of outstanding Class A-1 Units held by all Class A-1 Members.
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Class A-1 Percentage Interest. As of any date of determination, with respect to the Class [A-1] Regular Interest and the Class [A-1] Certificates, a percentage interest equal to a fraction, the numerator of which is the Certificate Principal Balance of the Class [A-1] Certificates, and the denominator of which is the Certificate Principal Balance of the Class [A-1] Regular Interest.]
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Class A-1 Percentage Interest means the interest in the Class A-1 Portion of the Trust that is evidenced by a Class A-1 Note and that is set forth on the face of such Note; provided, however, that the Issuer shall only issue Class A-1 Notes evidencing in the aggregate Class A-1 Percentage Interests totaling 100%. To the extent that, for federal income tax purposes, the Class A-1 Notes constitute indebtedness, all references in the Transaction Documents to Holders of Class A -1 Notes owning a specified percentage of the outstanding Class A-1 Note Principal Balance shall be construed to mean Holders of Class A -1 Notes evidencing such specified percentage of the then outstanding indebtedness.
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Examples of Class A-1 Percentage Interest in a sentence

  • As provided in the Indenture and subject to certain limitations therein set forth, Class A-1 Notes are exchangeable for new Class A-1 Notes of authorized denominations evidencing the same aggregate Class A-1 Percentage Interest, as requested by the Class A-1 Noteholder surrendering the same.

  • Certificate No. 1 Variable Pass-Through Rate Class A-1 Percentage Interest: 100% Date of Pooling and Servicing Agreement and Cut-off Date: November 1, 2005 Aggregate Initial Certificate Principal Balance of the Class A-1 Certificates: $[ ] First Distribution Date: December 26, 2005 Initial Certificate Principal Balance of this Certificate: $[ ] Assumed Final Maturity Date: October 2035 CUSIP [ ] Principal in respect of this Certificate is distributable monthly as set forth herein.


More Definitions of Class A-1 Percentage Interest

Class A-1 Percentage Interest shall equal, with respect to any Class A-1 Member, the number of Class A-1 Membership Interests then held by such Class A-1 Member divided by the aggregate number of Class A-1 Membership Interests then issued and outstanding, expressed as a percentage.
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Class A-1 Percentage Interest shall be determined by calculating the ratio between each Class A-1 Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A-1 Members.
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Related to Class A-1 Percentage Interest

  • Class A Percentage Interest means, as of any date, the percentage determined by dividing the number of Class A Units then held by a holder of Class A Units by the total number of Class A Units then outstanding.

  • Class B Percentage Interest As of any date of determination, with respect to the Class B Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class B Certificates on such date, and the denominator of which is the Class Principal Balance of the Class B Regular Interest on such date.

  • Note B Percentage Interest means a fraction, expressed as a percentage, the numerator of which is the Note B Principal Balance and the denominator of which is the sum of the Note A Principal Balance and the Note B Principal Balance.

  • Certificate Percentage Interest means, with respect to a Certificate, the percentage specified on such Certificate as the Certificate Percentage Interest, which percentage represents the beneficial interest of such Certificate in the Trust. The initial Certificate Percentage Interest held by the Depositor shall be 100%.

  • Percentage Interest means, with respect to any Note Holder, a fraction, expressed as a percentage, the numerator of which is the principal balance of the related Note and the denominator of which is the principal balance of the Mortgage Loan.