Subordination Required Overcollateralization Amount definition

Subordination Required Overcollateralization Amount. As to any Distribution Date on which a Delinquency Event does not exist, the Required Overcollateralization Amount without giving effect to the OC Floor calculation. As to any other Distribution Date, the Required Overcollateralization Amount.
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Subordination Required Overcollateralization Amount. (A) as to any Distribution Date on which a Delinquency Event or a Cumulative Loss Event does not exist, the Required Overcollateralization Amount without giving effect to clause (b) (ii) of such definition and (B) as to any Distribution Date on which a Delinquency Event or a Cumulative Loss Event exists, the Required Overcollateralization Amount. Subsequent Cut-off Date: None.
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Subordination Required Overcollateralization Amount. Not Applicable.
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More Definitions of Subordination Required Overcollateralization Amount

Subordination Required Overcollateralization Amount. As to any Distribution Date on which a Delinquency Event does not exist, the Required Overcollateralization Amount, without giving effect to the OC Floor calculation. As to any other Distribution Date, the Required Overcollateralization Amount.
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Subordination Required Overcollateralization Amount. As to any Distribution Date on which a Group I Delinquency Event or a Group II Delinquency Event, as applicable, does not exist and each Loan Group, the Group I Required Overcollateralization Amount or the Group II Required Overcollateralization Amount, as applicable without giving effect to the related OC Floor calculation. As to any other Distribution Date, the Group I Required Overcollateralization Amount or the Group II Required Overcollateralization Amount, as applicable.
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Subordination Required Overcollateralization Amount. As to (a) any Distribution Date on which a Delinquency Event has not occurred, an amount equal to the Required Overcollateralization Amount for such Distribution Date calculated as if the OC Floor is zero, and (b) any other Distribution Date, an amount equal to the Required Overcollateralization Amount for such Distribution Date.
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Subordination Required Overcollateralization Amount. On any Distribution Date on which a Delinquency Event or a Cumulative Loss Event has not occurred, the Subordination Required Overcollateralization Amount is equal to the Required Overcollateralization Amount exclusive of the OC Floor calculation, otherwise the Subordination Required Overcollateralization Amount is equal to the Required Overcollateralization Amount.
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Subordination Required Overcollateralization Amount. (A) as to any Distribution Date on which a Trigger Event does not exist, the Required Overcollateralization Amount without giving effect to clause (b) (ii) of such definition and (B) as to any Distribution Date on which a Trigger Event exists, the Required Overcollateralization Amount. Subsequent Cut-off Date: None.
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Related to Subordination Required Overcollateralization Amount

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • 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.

  • 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.