Group II Overcollateralization Deficit definition

Group II Overcollateralization Deficit. With respect to any Payment Date, the amount, if any, by which (x) the aggregate Certificate Principal Balance of the Group II Certificates, after taking into account all distributions to be made on such Payment Date (except for any payment to be made as to principal from the proceeds of the Certificate Insurance Policy), exceeds (y) the sum of (i) the aggregate principal balance of the Mortgage Loans in the Group II Pool as of the close of business on the last day of the preceding Remittance Period plus (ii) any amounts remaining in the Pre-Funding Account.
View Source
Group II Overcollateralization Deficit. With respect to any Payment Date, the amount, if any, by which (x) the aggregate Certificate Principal Balance of the Group II Certificates, after taking into account all distributions to be made on such Payment Date (except for any payment to be made as to principal from the proceeds of the Certificate Insurance Policy), exceeds (y) the aggregate principal balance of the Mortgage Loans in the Group II Pool as of the close of business on the last day of the preceding Remittance Period.
View Source
Group II Overcollateralization Deficit. As of any Payment Date, if an Aggregate Overcollateralization Deficit exists, with respect to Loan Group II, the excess of the Group II Class A Certificate Principal Balance over the outstanding Group II Loan Balance, calculated after taking into account the reduction on such Payment Date of the Group II Class A Certificate Principal Balance resulting from the distribution of the Group II Principal Remittance Amount on such Payment Date, but not in excess of the Aggregate Overcollateralization Deficit for such Payment Date.
View Source

Related to Group II Overcollateralization Deficit

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Overcollateralization Deficiency For any Distribution Date will be equal to the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • 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.

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.