Specified Overcollateralization Amount definition
Specified Overcollateralization Amount means for any Distribution Date, the greater of:
Specified Overcollateralization Amount means, with respect to any Distribution Date, the excess, if any, of (a) the Specified Credit Enhancement Amount over (b) the Specified Reserve Balance, each with respect to such Distribution Date.
Specified Overcollateralization Amount. As defined in the Insurance Agreement.
More Definitions of Specified Overcollateralization Amount
Specified Overcollateralization Amount means, as of any Distribution Date, 2.0% of the initial Asset Balance.
Specified Overcollateralization Amount. With respect to any Distribution Date, (i) prior to the Stepdown Date 3.50% of the Aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date or (ii) on or after the Stepdown Date 7.00% of the Aggregate Principal Balance of the Mortgage Loans as of the end of the related Due Period; provided, that the Specified Overcollateralization Amount shall never be less than the OC Floor.
Specified Overcollateralization Amount means, with respect to any Payment Date, the excess, if any, of (a) the Specified Credit Enhancement Amount over (b) the Specified Reserve Balance, each with respect to such Payment Date.
Specified Overcollateralization Amount means, with respect to any distribution date, an amount equal to 7.00% of the Adjusted Pool Balance.
Specified Overcollateralization Amount. As applicable, the Pool I Specified Overcollateralization Amount or the Pool II Specified Overcollateralization Amount. Sponsor: GreenPoint Mortgage Securities Inc. or its successors-in-interest.
Specified Overcollateralization Amount means, with respect to any Payment Date, an amount equal to [___]% of the Adjusted Pool Balance as of the end of the related Collection Period or as of the Cutoff Date, in the case of the first Collection Period.]
Specified Overcollateralization Amount. With respect to any Distribution Date, (i) prior to the Stepdown Date 5.75% of the Maximum Pool Principal Balance or (ii) on or after the Stepdown Date 11.50% of the Current Pool Principal Balance for that Distribution Date; provided, that the Specified Overcollateralization Amount shall never be less than the OC Floor.