Group I Targeted Overcollateralization Amount definition

Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, 2.0% of the aggregate Certificate Principal Balance of the Group I Certificates as of the Startup Day and (y) on or after the Group I Stepdown Date, the greater of (A) 4.0% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period and (B) $1,409,682.
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Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $10,625,000 and (y) on or after the Group I Stepdown Date, the greater of (i) (a) if no Group I Trigger Event is in effect, 5.00% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period or (b) if a Group I Trigger Event is in effect, 2.50% of the Original Pool Balance in each case as of the last day of the related Remittance Period and (ii) $2,125,000.
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Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $9,450,000 and (y) on or after the Group I Stepdown Date (A) if a Group I Trigger Event is not in effect, the greater of (x) 2% of the aggregate outstanding Loan Balance of the Home Equity Loans in Group I as of the last day of the related Remittance Period and (y) $4,725,000 or (B) if a Group I Trigger Event is in effect, the Group I Targeted Overcollateralization Amount will be equal to the Group I Targeted Overcollateralization Amount for the immediately preceding Payment Date; provided that, upon the occurrence and during the continuance of a Cumulative Realized Loss Trigger Event, the Group I Targeted Overcollateralization Amount shall be $22,680,000.
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More Definitions of Group I Targeted Overcollateralization Amount

Group I Targeted Overcollateralization Amount. As of any Payment Date with respect to the Group I Notes, (x) prior to the Group I Stepdown Date, 1.50% of the initial Principal Balance of the Group I Mortgage Loans and (y) on and after the Group I Stepdown Date, the lesser of (i) 1.50% of the initial Principal Balance of the Group I Mortgage Loans and (ii) the greater of (A) 3.00% of the Principal Balance of the Group I Mortgage Loans as of the last day of the related Collection Period and (B) 0.50% of the initial Principal Balance of the Group I Mortgage Loans.
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Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, 2.50% of the Group I Original Pool Balance and (y) on or after the Group I Stepdown Date, (a) if neither a Group I Delinquency Trigger Event nor a Group I Cumulative Realized Loss Trigger Event is in effect, the greater of (i) 5.00% of the aggregate outstanding Principal Balance of the Group I Mortgage Loans as of the last day of the related Remittance Period and (ii) $2,500,000 or (b) if a Group I Delinquency Trigger Event is in effect, whether or not a Group I Cumulative Realized Loss Trigger Event is also in effect, the Targeted Overcollateralization Amount shall be equal to the product of (i) 2.50% and (ii) the Group I Original Pool Balance or (c) if a Group I Cumulative Realized Loss Trigger Event is in effect (if a Group I Delinquency Trigger Event is not in effect), the Targeted
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Group I Targeted Overcollateralization Amount. As of any Payment Date means:
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Group I Targeted Overcollateralization Amount. As of any Payment Date, (w) on or prior to the sixth Payment Date, zero, (x) after the sixth Payment Date, but prior to the Stepdown Date, 1.3% of the Original Group I Loan Balance, (y) on and after the Stepdown Date (A) if neither a Delinquency Trigger Event nor a Cumulative Realized Loss Trigger Event is in effect, the greater of (I) 2.795% of the Group I Loan Balance and (II) the Group I Overcollateralization Floor or (B) if a Delinquency Trigger Event is in effect but a Cumulative Realized Loss Trigger Event is not in effect, the Group I Targeted Overcollateralization Amount for such Payment Date shall be equal to the Group I Targeted Overcollateralization Amount for the immediately preceding Payment Date and (z) if at any time a Cumulative Realized Loss Trigger Event is in effect (whether or not a Delinquency Trigger Event is in effect), the product of (I) a fraction, the numerator of which is $36,380,000 and the denominator of which is the Total Loan Balance and (II) the Group I Loan Balance.
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Group I Targeted Overcollateralization Amount. As defined in the Insurance Agreement.
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Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $5,250,000 and (y) on or after the Group I Stepdown Date, the greater of (x) 2% of the aggregate outstanding Loan Balance of the Home Equity Loans in Group I as of the last day of the related Remittance Period and (y) $2,625,000.
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Related to Group I Targeted Overcollateralization Amount

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

  • 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.

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