Interim Overcollateralization Amount. As to any Distribution Date, the excess, if any, of (x) the Pool Balance as of the last day of the preceding Collection Period over (y) (i) the aggregate Certificate Principal Balance of all Class [A] Certificates (before taking into account any distributions of principal on such Distribution Date) less (ii) the Principal Collections for such Distribution Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I), Pooling and Servicing Agreement (HSBC Home Equity Loan Corp I)