Group III Overcollateralized Amount definition

Group III 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 III Mortgage Loans plus (b) the aggregate Scheduled Principal Balance of the REO Properties in Loan Group III over (ii) the aggregate Certificate Principal Balance of the Class III-A Certificates and the Residual Certificates immediately prior to such Distribution Date, in each case, before reduction for any Realized Losses on such Distribution Date.
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Group III Overcollateralized Amount. With respect to any Distribution Date, the amount, if any, by which (i) the aggregate Stated Principal Balance of the Group III 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 aggregate Certificate Principal Balances of the Group III Certificates and the Uncertificated Principal Balance of the Class III-P Interest as of such Distribution Date (after giving effect to distributions of the Group III Principal Remittance Amount to be made on such Distribution Date, other than distributions of the Group III Extra Principal Distribution Amount, if any).
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Group III 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 III Mortgage Loans plus (b) the aggregate of the Non-Class PO Percentages of the Scheduled Principal Balances of the REO Properties in Loan Group III over (ii) the aggregate Certificate Principal Balance of the Class A-3 Certificates immediately prior to such Distribution Date, in each case, before reduction for any Realized Losses on such Distribution Date.
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More Definitions of Group III Overcollateralized Amount

Group III Overcollateralized Amount. With respect to any Distribution Date, the excess, if any, of (a) the sum of the aggregate Stated Principal Balances of the Group III Mortgage Loans and REO Properties in Loan Group III as of the last day of the related Due Period, the Group III-A Initial Deposit and the Group III-B Initial Deposit over (b) the sum of the aggregate Certificate Principal Balance of the Group III Class A Certificates, the Group III Mezzanine Certificates and the Class P-III Certificates after giving effect to distributions to be made on such Distribution Date.
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Related to Group III Overcollateralized Amount

  • Overcollateralized Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • 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.