Group I Overcollateralization Release Amount definition

Group I Overcollateralization Release Amount. With respect to any Distribution Date, the lesser of (x) the related Principal Funds for such Distribution Date and (y) the excess, if any, of (i) the Group I Overcollateralization Amount for such Distribution Date (assuming that 100% of the related Principal Funds is applied as a principal payment on such Distribution Date) over (ii) the Group I Overcollateralization Target Amount for such Distribution Date (with the amount pursuant to clause (y) deemed to be $0 if the Group I Overcollateralization Amount is less than or equal to the Group I Overcollateralization Target Amount on that Distribution Date).
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Group I Overcollateralization Release Amount. With respect to Loan Group I and any Distribution Date for which the related Excess Overcollateralization Amount is, or would be, after taking into account all other distributions to be made on that Distribution Date, greater than zero, an amount equal to the lesser of (i) the related Excess Overcollateralization Amount for such Distribution Date and (ii) related Principal Funds for that Distribution Date.
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Group I Overcollateralization Release Amount. As of any Payment Date, the lesser of (x) the Group I Principal Remittance Amount for such Payment Date and (y) the excess, if any, of (i) the Group I Overcollateralization Amount for such Payment Date, assuming that 100% of the Group I Principal Remittance Amount is applied on such Payment Date to the payment of principal on the Group I Certificates and (ii) the Group I Targeted Overcollateralization Amount for such Payment Date, provided that if a Group I Subordinated Trigger Event is in effect, the Group I Overcollateralization Release Amount shall be zero.
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Examples of Group I Overcollateralization Release Amount in a sentence

  • Any related Remaining Excess Spread together with any Group I Overcollateralization Release Amount shall be applied as Excess Cashflow with respect to Loan Group I and distributed pursuant to clauses (a)(3)(A) through (H) below.

  • Any Group I Remaining Excess Spread together with any Group I Overcollateralization Release Amount will be applied as Group I Excess Cashflow and distributed pursuant to clauses (a)(3)(A) through (G) below.

  • Any related Remaining Excess Spread together with any Group I Overcollateralization Release Amount will be applied as Excess Cashflow with respect to Loan Group I and distributed pursuant to clauses (a)(4)(A) through (H) below.

  • Any Remaining Excess Spread with respect to Loan Group I together with any Group I Overcollateralization Release Amount will be applied as Net Monthly Excess Cashflow with respect to Loan Group I and distributed pursuant to clause third below.

  • Any Group I Remaining Excess Spread together with any Group I Overcollateralization Release Amount will be applied as Group I Excess Cashflow and distributed pursuant to clauses (a)(3)(A) through (F) below.

  • Any related Remaining Excess Spread together with any Group I Overcollateralization Release Amount will be applied as Excess Cashflow with respect to Loan Group I and distributed pursuant to clauses (a)(3)(A) through (H) below.


More Definitions of Group I Overcollateralization Release Amount

Group I Overcollateralization Release Amount. With respect to any Distribution Date, the lesser of (x) the Group I Principal Remittance Amount for such Distribution Date and (y) the Group I Excess Overcollateralized Amount.
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Group I Overcollateralization Release Amount. With respect to any Payment Date, the lesser of (x) the Group I Principal Remittance Amount for such Payment Date and (y) the amount, if any, by which (1) the Group I Overcollateralization Amount for such date (calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Group I Principal Remittance Amount for such date is applied on such date in reduction of the aggregate of the Class Principal Amounts of the Group I Notes) exceeds (2) the Group I Target Overcollateralization Amount for such date.
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Group I Overcollateralization Release Amount. With respect to any Payment Date and the Group I Notes on or after the Group I Stepdown Date on which a Group I Trigger Event is not in effect, the lesser of (x) the Principal Remittance Amount relating to the Group I Mortgage Loans for such Payment Date and (y) the excess, if any, of (i) the Group I Overcollateralization Amount for such Payment Date, assuming that 100% of the Principal Remittance Amount relating to the Group I Mortgage Loans is applied as a principal payment on the Class IA-1 Notes and the Group I Mezzanine Notes on such Payment Date, over (ii) the Group I Targeted Overcollateralization Amount for such Payment Date. With respect to any Payment Date on which a Group I Trigger Event is in effect, the Group I Overcollateralization Release Amount will be zero.
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Group I Overcollateralization Release Amount. As of any Payment Date, an amount equal to (1) the lesser of (x) the Group I Principal Remittance Amount for such Payment Date and (y) the excess, if any, of (A) the Group I Overcollateralization Amount for such Payment Date, assuming that 100% of the Group I Principal Remittance Amount is applied on such Payment Date to the payment of principal on the Group I Class A Certificates and the Class B Certificates over (B) the Group I Targeted Overcollateralization Amount for such Payment Date MINUS (2) the Group II Overcollateralization Deficiency.
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Group I Overcollateralization Release Amount. With respect to any Distribution Date, the lesser of (x) the related Principal Funds for such Distribution Date and (y) the excess, if any, of (i) the Group I Overcollateralization Amount for such Distribution Date (assuming that 100% of the related Principal Funds is applied as a principal payment on such Distribution Date) over
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Related to Group I Overcollateralization Release Amount

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution 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.

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