Base Specified Overcollateralization Amount definition

Base Specified Overcollateralization Amount means [ ]% of the Initial Aggregate Note Balance.
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Base Specified Overcollateralization Amount means 0.50% of the Initial Pool Balance.
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Base Specified Overcollateralization Amount means 4.10% of the Original Pool Principal Balance.
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More Definitions of Base Specified Overcollateralization Amount

Base Specified Overcollateralization Amount. With respect to any Distribution Date on which a Step-up Trigger Event has not occurred or is not continuing, the product of 21.65% and the Cut-off Date Balance; with respect to any Distribution Date on which a Step-up Trigger Event has occurred or is continuing, the product of 27.00% and the Cut-off Date Balance.
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Base Specified Overcollateralization Amount. Means $7,525,000 (the Target Percentage of the sum of the Pool Balance as of the Closing Date plus the amount of the Prefunding Account Deposit).
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Base Specified Overcollateralization Amount means 1.30% of the Initial
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Base Specified Overcollateralization Amount. As to either Loan Group, the product of the applicable Target Percentage and the Original Loan Group Balance, in each case, for such Loan Group.
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Base Specified Overcollateralization Amount. The sum of (i) the product of (a) the Target Percentage and (b) the Pool Principal Balance as of the Closing Date and (ii) the aggregate principal balance of all Mortgage Loans that are both (a) 180 days or more contractually delinquent and (b) in REO, foreclosure or bankruptcy.
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Base Specified Overcollateralization Amount means the product of (a) the Target Percentage and (b) the Pool Principal Balance as of July 1, 1997.
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Related to Base Specified Overcollateralization Amount

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

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • 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.

  • 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.