Interim Overcollateralization Amount. As to any Payment Date and the Group 2 Mortgage Loans, the excess, if any, of the Pool Balance of the Group 2 Mortgage Loans as of the end of the related Collection Period over (i) the Class A-2 Note Principal Amount and the Class M-2 Component Principal Amount on such Payment Date (before taking into account any payments of principal with respect to Group 2 Mortgage Loans on that Payment Date) less (ii) the sum of (a) the Principal Collections received by the Master Servicer on such Group 2 Mortgage Loans during such Collection Period, (b) the Group 2 Additional Principal Reduction Amount to be paid with respect to such Payment Date and (c) the Group 2 Principal Carry Forward Amount to be paid with respect to such Payment Date.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Household Mortgage Loan Trust 2003-Hc2)
Interim Overcollateralization Amount. As to any Payment Date and the Group 2 1 Mortgage Loans, the excess, if any, of the Pool Balance of the Group 2 1 Mortgage Loans as of the end of the related Collection Period over (i) the Class A-2 A-1 Note Principal Amount and the Class M-2 M-1 Component Principal Amount on such Payment Date (before taking into account any payments of principal with respect to the Group 2 1 Mortgage Loans on that Payment Date) less (ii) the sum of (a) the Principal Collections received by the Master Servicer on such the Group 2 1 Mortgage Loans during such Collection Period, (b) the Group 2 1 Additional Principal Reduction Amount to be paid with respect to such Payment Date and (c) the Group 2 1 Principal Carry Forward Amount to be paid with respect to such Payment Date.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Household Mortgage Loan Trust 2003-Hc2)