Group I Overcollateralized Amount definition
Group I Overcollateralized Amount. With respect to any Distribution Date, is the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group I as of the last day of the related Due Period (after giving effect to Scheduled Payments of principal due during the related Due Period to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, including any reduction due to Realized Losses) over (b) the aggregate Certificate Principal Balance of the Group I Offered Certificates and Class I-B-4 Certificates on such Distribution Date (after taking into account the payment of principal other than any Group I Extra Principal Distribution Amount on such Certificates).
Group I Overcollateralized Amount. With respect to any Distribution Date on which an Overcollateralized Amount exists, the excess, if any, of (i) the sum of (a) the aggregate Scheduled Principal Balance of the Group I Mortgage Loans plus (b) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group I over (ii) the aggregate Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date, in each case, before reduction for any Realized Losses on such Distribution Date.
Group I Overcollateralized Amount. With respect to any Distribution Date, the amount, if any, by which (i) the aggregate Stated Principal Balance of the Group I Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) exceeds (ii) the sum of the aggregate Certificate Principal Balances of the Class I-A Certificates and the Uncertificated Principal Balance of REMIC 4 Regular Interest LT4-IP as of such Distribution Date (after giving effect to distributions of the Group I Principal Remittance Amount to be made on such Distribution Date).
Examples of Group I Overcollateralized Amount in a sentence
As of any Distribution Date, the lesser of (a) the excess, if any, of (i) the Group I Overcollateralization Target Amount over (ii) the Group I Overcollateralized Amount on such Distribution Date (after taking into account payments to the Group I Offered Certificates of the Group I Basic Principal Distribution Amount on such Distribution Date) and (b) the related Excess Spread for such Distribution Date.
Interest will not be paid currently to the Class LT3 Interest to the extent of 1% of any increase in the Group I Overcollateralized Amount (such amount, the "Class LT3 Accrual Amount").
More Definitions of Group I Overcollateralized Amount
Group I Overcollateralized Amount. With respect to any Distribution Date on which an Overcollateralized Amount exists, the excess, if any, of (i) the sum of (a) the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the Group I Mortgage Loans plus (b) the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the REO Properties in Loan Group I over (ii) the Certificate Principal Balance of the Class A-1 Certificates immediately prior to such Distribution Date, in each case, before reduction for any Realized Losses on such Distribution Date.
Group I Overcollateralized Amount. With respect to any Distribution Date, is the excess, if any, of (a) the aggregate Stated Principal Balance of Loan Group I as of the last day of the related Due Period over (b) the aggregate Certificate Principal Balance of the Group I Offered Certificates on such Distribution Date (after taking into account the payment of principal other than any Group I Extra Principal Distribution Amount on such Certificates).
Group I Overcollateralized Amount. With respect to any Distribution Date, the amount, if any, by which (i) the aggregate Stated Principal Balance of the Group I Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) exceeds (ii) the sum of the aggregate Certificate Principal Balances of the Class I-A Certificates, the Uncertificated Principal Balance of REMIC 3 Regular Interest LT3-IP and the aggregate Component Principal Balances of the Group I Mezzanine Components as of such Distribution Date (after giving effect to distributions to be made on such Distribution Date, other than distributions of the Group I Extra Principal Distribution Amount, if any).
Group I Overcollateralized Amount. As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balances of the Group I Mortgage Loans and REO Properties as of the last day of the related Due Period over (b) the sum of the aggregate Certificate Principal Balances of the Class I-A Certificates and the Class I-P Certificates and the aggregate Component Principal Balances of the Group I Mezzanine Components as of such Distribution Date (after taking into account the payment of the amounts described in clauses (b)(i) through (iv) of the definition of Group I Principal Distribution Amount on such Distribution Date).
Group I Overcollateralized Amount. With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balances of the Group I Mortgage Loans and REO Properties as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period) over (b) the sum of the aggregate Certificate Principal Balance of the Class AF Certificates, the Group I Mezzanine Certificates and the Class P-1 Certificates after giving effect to distributions to be made on such Distribution Date.
Group I Overcollateralized Amount. With respect to any Distribution Date, is the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group I as of the last day of the related Due Period (after giving effect to Scheduled Payments of principal due during the related Due Period to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, including any reduction due to Realized Losses) over (b) the aggregate Certificate Principal Balance of the Group I Offered Certificates and Class I-B-4 Certificates on such Distribution Date (after taking into account the payment of principal other than any Group I Extra Principal Distribution Amount on such Certificates). Group I Overcollateralization Increase Amount: As of any Distribution Date, the lesser of (a) the excess, if any, of (i) the Group I Overcollateralization Target Amount over (ii) the Group I Overcollateralized Amount on such Distribution Date (after taking into account payments to the Group I Offered Certificates and Class I-B-4 Certificates of the Group I Basic Principal Distribution Amount on such Distribution Date) and (b) Excess Spread for Loan Group I for such Distribution Date.
Group I Overcollateralized Amount. For any Distribution Date, the amount, if any, by which (i) the sum of the aggregate Stated Principal Balance of the Group I Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period and after giving effect to distributions of principal to be made on such Distribution Date) plus the amount of any remaining funds in the Group I Pre-Funding Account (exclusive of any investment income therein) exceeds (ii) the sum of the aggregate Certificate Principal Balances of the Class I-A Certificates, the Uncertificated Principal Balance of REMIC 3 Uncertificated Regular Interest LT3-IP and the aggregate Component Principal Balances of the Group I Mezzanine Components as of such Distribution Date (after giving effect to distributions to be made on such Distribution Date).