Additional Overcollateralization Amount definition

Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by the Series 1998-1 Enhancement Factor as of such date minus (b) the Overcollateralization Portion as of such date.
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Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by 81% (or a higher percentage upon confirmation from the Rating Agencies that such higher percentage will not result in the reduction or withdrawal of the then current ratings on the Series 2001-3 Notes) minus (b) the Overcollateralization Portion as of such date.
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Additional Overcollateralization Amount means, with respect to the Series 1997-2 Notes on any date, a dollar amount equal to the excess of (a) a dollar amount equal to (i) the Series 1997-2 Invested Amount as of such day divided by (ii) 100% minus the Overcollateralization Enhancement Percentage as of such day over (b) the sum of (i) the Series 1997-2 Invested Amount as of such day and (ii) the product of (x) the Overcollateralization Enhancement Percentage and (y) the Series 1997-2 Invested Amount as of such day.
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Examples of Additional Overcollateralization Amount in a sentence

  • NFLP agrees and covenants with the Trustee that it shall not permit the sum of (a) the Overcollateralization Portion on any day plus (b) the Additional Overcollateralization Amount on such day to be less than an amount equal to 4.0% of the sum of (x) the Class A Invested Amount on such day plus (y) the Class B Invested Amount on such day.


More Definitions of Additional Overcollateralization Amount

Additional Overcollateralization Amount means, with respect to the Series 1997-1 Notes on any date, a dollar amount equal to the excess of (a) a dollar amount equal to (i) the Series 1997-1 Invested Amount as of such day divided by (ii) 1.00 minus the Overcollateralization Enhancement Percentage (expressed as a decimal) as of such day over (b) the sum of (i) the Series 1997-1 Invested Amount as of such day and (ii) the product of (x) the Overcollateralization Enhancement Percentage and (y) the Series 1997-1 Invested Amount as of such day.
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Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by 85% (or a higher percentage upon Rating Agency Confirmation) minus (b) the Overcollateralization Portion as of such date. Notwithstanding the foregoing, the percentage referred to in clause (a) of the preceding sentence shall be decreased as follows: (x) to 84% if the DB MTN Engagement has not occurred on or before December 31, 2002; (y) to 83.5% on March 1, 2003; and (z) to 82% on April 1, 2003.
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Related to Additional Overcollateralization Amount

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of: