Class A-2 Allocation Percentage definition

Class A-2 Allocation Percentage. With respect to any Distribution Date is the percentage equivalent of a fraction, the numerator of which is (x) the Group II Principal Remittance Amount for such Distribution Date and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.
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Class A-2 Allocation Percentage means, as of any Distribution Date, the Class A-2 Note Balance as of the last day of the related Collection Period as a percentage of the then Note Balance as of such last day.
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Class A-2 Allocation Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date and the denominator of which is (y) the aggregate Certificate Principal Balance of the Group II Certificates immediately prior to such Distribution Date.
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Examples of Class A-2 Allocation Percentage in a sentence

  • Any such increase in the aggregate Invested Amount will be allocated to the Class A-1 Certificates and the Class A-2 Certificates pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, for the related Collection Period.

  • Any such increase shall be applied to increase the outstanding principal balance the Class A-1 Certificates and the Class A-2 Certificates pro rata based on the Class A-1 Allocated Percentage and the Class A-2 Allocation Percentage, respectively, in each case for the related Collection Period.

  • Any such reduction shall be applied to reduce the Class A-1 Invested Amount (a "Class A-1 Investor Charge-Off") and the Class A-2 Invested Amount (a "Class A-2 Investor Charge-Off") pro rata based on the Class A-1 Allocation Percentage and the Class A-2 Allocation Percentage, respectively, in each case for the related Collection Period.

  • Uncovered Loss Amounts will be allocated first to the Class B Notes until the Note Balance of the Class B Notes has been reduced to zero and then to the Class A Notes, pro rata, based on the Class A-1 Allocation Percentage, the Class A-2 Allocation Percentage, the Class A-3 Allocation Percentage and the Class A-4 Allocation Percentage.


More Definitions of Class A-2 Allocation Percentage

Class A-2 Allocation Percentage means, as of any Monthly Allocation Date, the Class A-2 Certificate Balance as of the last day of the related Collection Period as a percentage of the Certificate Balance as of such date.
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Class A-2 Allocation Percentage means, for any Collection Period, the percentage obtained by subtracting from 100% the Class A-1 Allocation Percentage.
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Class A-2 Allocation Percentage. For any Distribution Date is 100% minus the Class A-1 Allocation Percentage.
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Class A-2 Allocation Percentage. With respect to any Payment Date, the percentage equivalent of a fraction, the numerator of which is (i) the Note Balance of the Class A-2 Notes immediately prior to such Payment Date, and the denominator of which is (ii) the aggregate Note Balance of the Group II Notes immediately prior to such Payment Date.
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Class A-2 Allocation Percentage. For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (x) the aggregate of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount, and the denominator of which is (y) the aggregate of the amounts described in clauses (i) through (iii) of the definition of Group I Principal Distribution Amount and in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.
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Class A-2 Allocation Percentage. With respect to any Distribution Date prior to the Class A-2 Lockout Date, 0%. With respect to any Distribution Date on or following the Class A-2 Lockout Date, the percentage equivalent of a fraction, the numerator of which is the Certificate Principal Balance of the Class A-2 Certificates immediately prior to such Distribution Date, and the denominator of which is the aggregate Certificate Principal Balance of the Group I Senior Certificates immediately prior to such Distribution Date.
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Related to Class A-2 Allocation Percentage

  • Class A Principal Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, determined as follows: (A) with respect to the Group I Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group I Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date and (B) with respect to the Group II Class A Certificates, a fraction, the numerator of which is (x) the portion of the Principal Remittance Amount for such Distribution Date that is attributable to the principal received or advanced on the Group II Mortgage Loans and the denominator of which is (y) the Principal Remittance Amount for such Distribution Date.

  • Principal Allocation Percentage means, with respect to any day during a Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is (a) during the Revolving Period, the Series Adjusted Invested Amount for Series 2022-2 as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Initial Invested Amount) and (b) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the Series Adjusted Invested Amount for Series 2022-2 as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the product of (x) the sum of (i) the total amount of Principal Receivables in the Trust as of the last day of the immediately preceding Monthly Period (or with respect to the first Monthly Period, the total amount of Principal Receivables in the Trust as of the Closing Date) and (ii) the principal amount on deposit in the Special Funding Account as of such last day (or with respect to the first Monthly Period, the Closing Date) and (y) the Series 2022-2 Allocation Percentage as of the last day of the immediately preceding Monthly Period; provided, however, that with respect to any Monthly Period in which an Addition Date for an Aggregate Addition or a Removal Date occurs the amount in (x)(i) above shall be (1) the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period for the period from and including the first day of such Monthly Period to but excluding the related Addition Date or Removal Date and (2) the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date or Removal Date for the period from and including the related Addition Date or Removal Date to and including the last day of such Monthly Period; and provided further, that if after the commencement of the Controlled Accumulation Period a Pay-Out Event occurs with respect to another Series that was designated in the Supplement therefor as a Series that is a “Paired Series” with respect to Series 2022-2, the Transferor may, by written notice delivered to the Trustee and the Servicer, designate a different numerator for the foregoing fraction, provided that (x) such numerator is not less than the Adjusted Invested Amount as of the last day of the revolving period for such Paired Series, (y) the Transferor shall have received written notice from each Rating Agency that the Rating Agency Condition has been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee and (z) the Transferor shall have delivered to the Trustee an Officer’s Certificate of such Transferor to the effect that, based on the facts known to such officer at such time, in the reasonable belief of such Transferor, such designation will not cause a Pay-Out Event or an event that, after the giving of notice or the lapse of time, would constitute a Pay-Out Event, to occur with respect to Series 2022-2.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction: