Overcollateralization Portion definition

Overcollateralization Portion means, as of any date of determination, (i) the sum of the amounts determined pursuant to clauses (a) and (b) of the definition of Minimum Enhancement Amount as of such date minus (ii) the Series 1998-1 Letter of Credit Amount as of such date.
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Overcollateralization Portion means, as of any date of determination, an amount equal to the amount determined pursuant to clause (a) of the definition of Series 2002-1 Minimum Credit Support Amount minus the Series 2002-1 Letter of Credit Amount as of such date.
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Examples of Overcollateralization Portion in a sentence

  • NFLP agrees and covenants with the Trustee that it shall not permit the sum of (a) the Overcollateralization Portion on any day plus (b) the Additional Overcollateralization Amount on such day to be less than an amount equal to 4.0% of the sum of (x) the Class A Invested Amount on such day plus (y) the Class B Invested Amount on such day.

Related to Overcollateralization Portion

  • 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.

  • 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.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution Date.

  • Overcollateralization Floor With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.