Group II Overcollateralization Deficiency definition
Group II Overcollateralization Deficiency. As of any Payment Date, the excess, if any, of (x) the Group II Targeted Overcollateralization Amount for such Payment Date over (y) the Group II Overcollateralization Amount for such Payment Date, calculated for this purpose after taking into account the reduction on such Payment Date of the aggregate Certificate Principal Balance of the Group II Certificates resulting from the distribution of the Group II Principal Remittance Amount (but not the Group II Extra Principal Distribution Amount) on such Payment Date, but prior to taking into account any Group II Applied Realized Loss Amount on such Payment Date.
Group II Overcollateralization Deficiency. With respect to any Distribution Date, the amount, if any, by which (1) the Group II Overcollateralization Target Amount for such Distribution Date exceeds (2) the Group II Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the Class Principal Amounts of the Group II Senior Certificates and Group II Subordinate Certificates resulting from the distribution of Group II Principal Funds for Pool II on such Distribution Date. Group II Overcollateralization Floor: Approximately 0.50% of the Pool II Cut-off Date Balance.
Group II Overcollateralization Deficiency. As of any Payment Date and the Group II Notes, the excess, if any, of (x) the Group II Targeted Overcollateralization Amount for such Payment Date over (y) the Group II Overcollateralization Amount for such Payment Date, calculated for this purpose after taking into account the reduction on such Payment Date of the Note Balances of the Class IIA-1 Notes and the Group II Mezzanine Notes resulting from the payment of the Group II Principal Payment Amount (but not the Group II Extra Principal Payment Amount) on such Payment Date, but prior to taking into account any Group II Applied Realized Loss Amounts on such Payment Date.
More Definitions of Group II Overcollateralization Deficiency
Group II Overcollateralization Deficiency. As of any Payment Date, the excess, if any, of (x) the Group II Targeted Overcollateralization Amount for such Payment Date over (y) the Group II Overcollateralization Amount for such
Group II Overcollateralization Deficiency. As of any Payment Date, the excess, if any, of (x) the Group II Targeted Overcollateralization Amount for such Payment Date over (y) the Group II Overcollateralization Amount for such Payment Date, calculated for this purpose after taking into account the reduction on such Payment Date of the Certificate Principal Balance of the Group II Class A Certificates and Class B Certificates resulting from the distribution of the Group II Principal Remittance Amounts (but not the Group II Extra Principal Distribution Amount or the principal component of any Insured Payment) on such Payment Date, but prior to taking into account any Applied Realized Loss Amount on such Payment Date.
Group II Overcollateralization Deficiency. With respect to any Payment Date, the amount, if any, by which (x) the Group II Target Overcollateralization Amount for such Payment Date exceeds (y) the Group II Overcollateralization Amount for such Payment Date, calculated for this purpose after giving effect to the reduction on such Payment Date of the Class Principal Amounts of the Group II Notes resulting from the payment of the Group II Principal Remittance Amount on such Payment Date, but prior to allocation of any Current Principal Deficiency Amount with respect to Group II on such Payment Date.
Group II Overcollateralization Deficiency. With respect to any Distribution Date, the excess, if any, of (a) the Group II Specified Overcollateralized Amount applicable to such Distribution Date over (b) the Group II Overcollateralized Amount applicable to such Distribution Date.