Common use of Up Overcollateralization Amount Clause in Contracts

Up Overcollateralization Amount. If the aggregate cumulative Liquidation Loss Amounts as a percentage of the Initial Pool Balance exceed the following percentages on the specified Payment Dates, Payment Dates Percentage 1st - 12th 1.50% 13th - 24th 2.75% 25th - 36th 4.00% 37th - 48th 5.00% 49th + 6.00% the Step-Up Overcollateralization Amount will equal (a) 2.00% of the Initial Pool Balance, prior to the Stepdown Date and (b) on or after the Stepdown Date, the lesser of (x) 2.00% of the Initial Pool Balance and (y) 4.00% of the Pool Balance as of the beginning of the related Collection Period. Otherwise, the Step-Up Overcollateralization Amount is zero.

Up Overcollateralization Amount. If the aggregate cumulative Liquidation Loss Amounts as a percentage of the Initial Pool Balance exceed the following percentages on the specified Payment Dates, Payment Dates Percentage 1st - 12th 1.50[____]% 13th - 24th 2.75[____]% 25th - 36th 4.00[____]% 37th - 48th 5.00[____]% 49th + 6.00[____]% the Step-Up Overcollateralization Amount will equal (a) 2.00[____]% of the Initial Pool Balance, prior to the Stepdown Date and (b) on or after the Stepdown Date, the lesser of (x) 2.00[____]% of the Initial Pool Balance and (y) 4.00[____]% of the Pool Balance as of the beginning of the related Collection Periodcurrent Payment Date. Otherwise, the Step-Up Overcollateralization Amount is zero.

Up Overcollateralization Amount. If the aggregate cumulative Liquidation Loss Amounts as a percentage of the Initial Pool Balance exceed the following percentages on the specified Payment Dates, Payment Dates Percentage ------------- ---------- 1st - 12th 1.50% 13th - 24th 2.75% 25th - 36th 4.00% 37th - 48th 5.00% 49th + 6.00% the Step-Up Overcollateralization Amount will equal (a) 2.002.20% of the Initial Pool Balance, prior to the Stepdown Date and (b) on or after the Stepdown Date, the lesser of (x) 2.002.20% of the Initial Pool Balance and (y) 4.004.40% of the Pool Balance as of the beginning of the related Collection Period. Otherwise, the Step-Up Overcollateralization Amount is zero.