Overcollateralization Target Amount Clause Samples

Overcollateralization Target Amount. With respect to any Distribution Date during the Revolving Period, 3.25% of the Initial Aggregate Receivables Principal Balance and (2) with respect to any Distribution Date during the Amortization Period, 4.75% of the Initial Aggregate Receivables Principal Balance.
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Overcollateralization Target Amount. 29 REMIC 1 Regular Interest LT-AA..........................................................................29 REMIC 1 Regular Interest ...............................................................................29 REMIC 1 Regular Interest LT-M1..........................................................................30 REMIC 1 Regular Interest LT-M2..........................................................................30 REMIC 1 Regular Interest LT-M3..........................................................................30 REMIC 1 Regular Interest LT-M4..........................................................................30 REMIC 1 Regular Interest LT-M5..........................................................................30 REMIC 1 Regular Interest LT-P...........................................................................30 REMIC 1 Regular Interest LT-ZZ..........................................................................31 REMIC 1 Regular Interests...............................................................................31
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Overcollateralization Target Amount. Class AV-1 Certificate ---------------------- Any Certificate executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit A-2 and designated as a Class AV-1 Certificate. Class AV-1 Distributable Excess Spread -------------------------------------- With respect to the Class AV-1 Certificates and any Distribution Date, the lesser of (a) the excess, if any, of the Class AV-1 Overcollateralization Target Amount for such Distribution Date over the Class AV-1 Overcollateralized Amount for such Distribution Date after giving effect to all other distributions of principal on the Class AV-1 Certificates on such Distribution Date and (b) Net Monthly Excess Interest for the Class AV-1 Certificates. Class AV-1 Distributable Funds ------------------------------ The sum of (a) the amount of Available Funds relating to the Class AV-1 Certificates and (b) any Insured Amounts for the Class AV-1 Certificates, in each case with respect to the related Distribution Date. Class AV-1 Overcollateralization Release Amount ----------------------------------------------- With respect to any Distribution Date, the excess, if any, of (a) the Class AV-1 Overcollateralized Amount (assuming that the amount described in clause (a) of the definition of Certificate Formula Principal Amount relating to the Class AV-1 Certificates was distributed to the Class AV-1 Certificates), over (b) the Class AV-1 Overcollateralization Target Amount for such Distribution Date. Class AV-1 Overcollateralization Target Amount ---------------------------------------------- (a) on any Distribution Date occurring prior to the Stepdown Date and as long as no Overcollateralization Step-Up Trigger Event is in effect, an amount equal to the greatest of (i) 7.00% (provided, however, that if an Overcollateralization Step-Up Trigger Event is in effect, the applicable percentage shall be 9.00%) of the Cut-off Date Group II Principal Balance, (ii) 80% of the aggregate principal balance of Group II Loans that are Balloon Loans with original terms less than or equal to 36 months which are 60 or more days delinquent (including Group II Loans in foreclosure and REO Properties), and (iii) the aggregate principal balance of the Group II Loans which are 90 or more days delinquent (including Group II Loans in foreclosure and REO Properties); and
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Overcollateralization Target Amount. Class R Certificates -------------------- The certificates representing the single "residual interest" in the Class R-1A Interest, Class R-1B Interest, Class R-2 Interest and the Class R-3 Interest, in substantially the form attached hereto as Exhibit B-1. Class Certificate Balance ------------------------- With respect to any Class of Class A Certificates and as to any Distribution Date, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. The Class Certificate Balance of the Class R Certificates shall be zero. Class Interest Shortfall ------------------------ As to any Distribution Date and any Class of Class A Certificates, the amount by which the amount described in clause (i)(x) of the definition of Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i)(x).
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Overcollateralization Target Amount. 35- Overcollateralized Amount...........................................................-36-
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Overcollateralization Target Amount. 39- Overcollateralized Amount...........................................................-40- Ownership Interest..................................................................-▇▇- ▇&▇ ▇▇▇▇▇▇▇.........................................................................-40- Pass-Through Rate...................................................................-40- Percentage Interest.................................................................-42- Periodic Rate Cap...................................................................-43-
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Related to Overcollateralization Target Amount

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Carry Forward to a Subsequent Year If you do not withdraw the excess contribution, you may carry forward the contribution for a subsequent tax year. To do so, you under-contribute for that tax year and carry the excess contribution amount forward to that year on your tax return. The six percent excess contribution penalty tax will be imposed on the excess amount for each year that it remains as an excess contribution at the end of the year. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains the existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation. 2. If the employee chooses to vacate the position or does not meet the skills and abilities requirements of the position, the layoff procedure specified in Article 31 of this Agreement applies.

  • Available Funds The Company will distribute its Available Funds to the Member in such amounts and at such times as the Member may determine.