Overcollateralization Target Amount Clause Samples

Overcollateralization Target Amount. 29 REMIC 1 Regular Interest LT-AA..........................................................................29 REMIC 1 Regular Interest ...............................................................................29 REMIC 1 Regular Interest LT-M1..........................................................................30 REMIC 1 Regular Interest LT-M2..........................................................................30 REMIC 1 Regular Interest LT-M3..........................................................................30 REMIC 1 Regular Interest LT-M4..........................................................................30 REMIC 1 Regular Interest LT-M5..........................................................................30 REMIC 1 Regular Interest LT-P...........................................................................30 REMIC 1 Regular Interest LT-ZZ..........................................................................31 REMIC 1 Regular Interests...............................................................................31

Overcollateralization Target Amount. Class AV-1 Certificate ---------------------- Any Certificate executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit A-2 and designated as a Class AV-1 Certificate. Class AV-1 Distributable Excess Spread -------------------------------------- With respect to the Class AV-1 Certificates and any Distribution Date, the lesser of (a) the excess, if any, of the Class AV-1 Overcollateralization Target Amount for such Distribution Date over the Class AV-1 Overcollateralized Amount for such Distribution Date after giving effect to all other distributions of principal on the Class AV-1 Certificates on such Distribution Date and (b) Net Monthly Excess Interest for the Class AV-1 Certificates. Class AV-1 Distributable Funds ------------------------------ The sum of (a) the amount of Available Funds relating to the Class AV-1 Certificates and (b) any Insured Amounts for the Class AV-1 Certificates, in each case with respect to the related Distribution Date. Class AV-1 Overcollateralization Release Amount ----------------------------------------------- With respect to any Distribution Date, the excess, if any, of (a) the Class AV-1 Overcollateralized Amount (assuming that the amount described in clause (a) of the definition of Certificate Formula Principal Amount relating to the Class AV-1 Certificates was distributed to the Class AV-1 Certificates), over (b) the Class AV-1 Overcollateralization Target Amount for such Distribution Date. Class AV-1 Overcollateralization Target Amount ---------------------------------------------- (a) on any Distribution Date occurring prior to the Stepdown Date and as long as no Overcollateralization Step-Up Trigger Event is in effect, an amount equal to the greatest of (i) 7.00% (provided, however, that if an Overcollateralization Step-Up Trigger Event is in effect, the applicable percentage shall be 9.00%) of the Cut-off Date Group II Principal Balance, (ii) 80% of the aggregate principal balance of Group II Loans that are Balloon Loans with original terms less than or equal to 36 months which are 60 or more days delinquent (including Group II Loans in foreclosure and REO Properties), and (iii) the aggregate principal balance of the Group II Loans which are 90 or more days delinquent (including Group II Loans in foreclosure and REO Properties); and

Overcollateralization Target Amount. Class R Certificates -------------------- The certificates representing the single "residual interest" in the Class R-1A Interest, Class R-1B Interest, Class R-2 Interest and the Class R-3 Interest, in substantially the form attached hereto as Exhibit B-1. Class Certificate Balance ------------------------- With respect to any Class of Class A Certificates and as to any Distribution Date, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. The Class Certificate Balance of the Class R Certificates shall be zero. Class Interest Shortfall ------------------------ As to any Distribution Date and any Class of Class A Certificates, the amount by which the amount described in clause (i)(x) of the definition of Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i)(x).

Overcollateralization Target Amount. 35- Overcollateralized Amount...........................................................-36-

Overcollateralization Target Amount. 39- Overcollateralized Amount...........................................................-40- Ownership Interest..................................................................-▇▇- ▇&▇ ▇▇▇▇▇▇▇.........................................................................-40- Pass-Through Rate...................................................................-40- Percentage Interest.................................................................-42- Periodic Rate Cap...................................................................-43-