Excess Overcollateralization Amount definition

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.
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Excess Overcollateralization Amount. With respect to any Distribution Date, the lesser of (i) Principal Funds and (ii) the excess, if any, of the Overcollateralization Amount over the Specified Overcollateralization Amount, in each case for such Distribution Date.
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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. Exchange Act: The Securities Exchange Act of 1934, as amended.
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Examples of Excess Overcollateralization Amount in a sentence

  • The Excess Overcollateralization Amount shall be allocated entirely to the Class II-Q Certificates until paid in full.

  • The dollar amount of any Excess Overcollateralization Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Transferor.

  • Notwithstanding the above, principal payments on REMIC I Regular Interests that are attributable to an Excess Overcollateralization Amount shall be allocated to the Class I-Q REMIC I Regular Interests.

  • Notwithstanding the above, principal payments on REMIC II Regular Interests that are attributable to an Excess Overcollateralization Amount shall be allocated to the Class II-Q REMIC II Regular Interests.

  • Notwithstanding the above, principal payments on Mortgage Loans that are attributable to the Excess Overcollateralization Amount shall be allocated to the Class II-M, Class II-M-F and Class II-M-A Interests (allocated first to the Class II-M Interests until paid in full, and second to the Class II-M-F and Class II-M-A Interests, apportioned among such Interests such that the Balance Ratio is maintained, until paid in full).


More Definitions of Excess Overcollateralization Amount

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.
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Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount. Expense Fee Rate: The sum of the Servicing Fee Rate and the Trustee Fee Rate, which is 0.5250% per annum.
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Excess Overcollateralization Amount. With respect to any Payment Date, the excess, if any, of (x) the Overcollateralization Amount that would apply on such Payment Date after taking into account the payment of the Principal Payment Amount on such Payment Date (except for any distributions of Overcollateralization Reduction Amounts on such Payment Date), over (y) the Specified Overcollateralization Amount for such Payment Date.
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Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Basic Principal Amount for that Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount.
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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. Exchange Act: The Securities Exchange Act of 1934, as amended. Fannie Mae: Fannie Mae, ▇ ▇e▇▇▇ally ▇▇▇▇t▇▇▇d and privately owned corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto. FDIC: The Federal Deposit Insurance Corporation or any successor thereto.
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Excess Overcollateralization Amount. As to any Payment Date, the lesser of (i) the Basic Principal Amount for such Payment Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is paid on the Offered Notes) over (y) the Required Overcollateralization Amount.
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Excess Overcollateralization Amount for a Class of Notes and Payment Date means the lesser of
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