Group I Stepdown Date definition
Group I Stepdown Date. The later to occur of (i) the Distribution Date in [Month/Year] or (ii) the first Distribution Date on which the Group I Class A Certificate Principal Balance (reduced by the Group I Principal Funds with respect to such Distribution Date) is less than or equal to ____% of the Stated Principal Balances of the Group I Mortgage Loans plus the Pre-Funded Amount allocable to Loan Group I, in each case, as of the Distribution Date.
Group I Stepdown Date. The earlier to occur of, (I) the first Distribution Date following the Distribution Date for which the Certificate Principal Balance for each of the Class I-A Certificates has been reduced to zero, and (II) the later to occur of (a) the Distribution Date in September 2009 and (b) the first Distribution Date on which the Group I Current Specified Enhancement Percentage is greater than or equal to 49.40%.
Group I Stepdown Date. The Distribution Date which is the later to occur of (i) the Distribution Date occurring in December 2006 and (ii) the first Distribution Date on which the aggregate Stated Principal Balance of the Group I Loans as of the end of the related Due Period is less than one-half of the Group I Cut-off Date Balance.
More Definitions of Group I Stepdown Date
Group I Stepdown Date. The later to occur of (a) the Distribution Date in February 2009 and (b) the first Distribution Date on which the Group I Current Specified Enhancement Percentage is greater than or equal to 52.30%.
Group I Stepdown Date. The later to occur of (x) the Payment Date in July 2001 and (y) the first Group I Payment Date on which the Group I Senior Enhancement Percentage (after taking into account distributions of principal with respect to Group I on such Payment Date) is equal to or greater than the Group I Senior Specified Enhancement Percentage.
Group I Stepdown Date. The later to occur of (i) the Distribution Date occurring in April 2005 and (ii) the first Distribution Date on which the sum of the aggregate Certificate Principal Balance of the Class M-I Certificates and the Group I Overcollateralization Amount immediately prior to that Distribution Date is equal to or greater than 16.50% of the aggregate Stated Principal Balance of the Group I Loans as of the end of the preceding Due Period.
Group I Stepdown Date. The later to occur of (x) the Payment Date in January 2007 and (y) the Payment Date on which the Pool Balance of the Group I Loans is less than 50% of the aggregate Cut-off Date Loan Balances of the Group I Loans, after applying payments received during the related Collection Period.
Group I Stepdown Date. With respect to Group I, "Group II Stepdown Date": With respect to Group II, the the earlier to occur of (i) the later to occur of earlier to occur of (i) the later to occur of (A) the (A) the Distribution Date in September 2002 and (B) Distribution Date in September 2002 and (B) the first the first Distribution Date on which the Group I Distribution Date on which the Group II Class A Class A Certificate Principal Balance immediately Certificate Principal Balance immediately prior to such prior to such Distribution Date (less the Group I Distribution Date (less the Group II Principal Funds for Principal Funds for such Distribution Date) is less such Distribution Date) is less than or equal to 57.00% than or equal to 71.00% of the Scheduled Principal of the Scheduled Principal Balances of Group II and (ii) Balances of Group I and (ii) the Distribution Date the Distribution Date on which the Group II Class A on which the Group I Class A Certificate Principal Certificate Principal Balance has been reduced to zero. Balance has been reduced to zero.
Group I Stepdown Date. With respect to Group I, the earlier to occur of:
Group I Stepdown Date. The later to occur of (x) the 30th Payment Date from the Startup Day and (y) the Determination Date on which the outstanding principal balance on the Group I Certificates is equal to 50% of the Group I Original Balance.