Group II Overcollateralization Floor definition
Group II Overcollateralization Floor. With respect to the Group II Loans, an amount equal to the product of (a) 0.50% and (b) the Group II Cut-off Date Balance.
Group II Overcollateralization Floor. With respect to the Group II Certificates, $4,024,697.24.
Group II Overcollateralization Floor. An amount equal to 0.50% of the aggregate Cut-off Date Loan Balances of the Group II Loans, or $1,500,000.
More Definitions of Group II Overcollateralization Floor
Group II Overcollateralization Floor. With respect to the Group II Certificates, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the Cut-off Date.
Group II Overcollateralization Floor. With respect to any Distribution Date, the amount by which the aggregate unpaid principal balance of the Group II Mortgage Loans as of the last day of the related Collection Period exceeds the product of (i) 0.50% and (ii) the aggregate unpaid principal balance of the Group II Mortgage Loans on the Cut-off Date.
Group II Overcollateralization Floor. $2,062,000.
Group II Overcollateralization Floor. 0.50% of the aggregate Cut-off Date Principal Balance of the Group II Closing Date Mortgage Loans.
Group II Overcollateralization Floor. As of any Payment Date, the product of (a) $8,500,000 and (b) a fraction, the numerator of which is the Group II Loan Balance and the denomination of which is the Total Loan Balance.
Group II Overcollateralization Floor. 0.50% of the Original Group II Loan Balance (i.e., $6,500,000).
Group II Overcollateralization Floor. With respect to the Group II Certificates, [$________________].