Additional Overcollateralization Amount definition
Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by the Series 1998-1 Enhancement Factor as of such date minus (b) the Overcollateralization Portion as of such date.
Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by 81% (or a higher percentage upon confirmation from the Rating Agencies that such higher percentage will not result in the reduction or withdrawal of the then current ratings on the Series 2001-3 Notes) minus (b) the Overcollateralization Portion as of such date.
Additional Overcollateralization Amount means, with respect to the Series 1997-2 Notes on any date, a dollar amount equal to the excess of (a) a dollar amount equal to (i) the Series 1997-2 Invested Amount as of such day divided by (ii) 100% minus the Overcollateralization Enhancement Percentage as of such day over (b) the sum of (i) the Series 1997-2 Invested Amount as of such day and (ii) the product of (x) the Overcollateralization Enhancement Percentage and (y) the Series 1997-2 Invested Amount as of such day.
Examples of Additional Overcollateralization Amount in a sentence
NFLP agrees and covenants with the Trustee that it shall not permit the sum of (a) the Overcollateralization Portion on any day plus (b) the Additional Overcollateralization Amount on such day to be less than an amount equal to 4.0% of the sum of (x) the Class A Invested Amount on such day plus (y) the Class B Invested Amount on such day.
More Definitions of Additional Overcollateralization Amount
Additional Overcollateralization Amount means, with respect to the Series 1997-1 Notes on any date, a dollar amount equal to the excess of (a) a dollar amount equal to (i) the Series 1997-1 Invested Amount as of such day divided by (ii) 1.00 minus the Overcollateralization Enhancement Percentage (expressed as a decimal) as of such day over (b) the sum of (i) the Series 1997-1 Invested Amount as of such day and (ii) the product of (x) the Overcollateralization Enhancement Percentage and (y) the Series 1997-1 Invested Amount as of such day.
Additional Overcollateralization Amount means, as of any date of determination, an amount equal to (a) the Overcollateralization Portion on such date divided by 85% (or a higher percentage upon Rating Agency Confirmation) minus (b) the Overcollateralization Portion as of such date. Notwithstanding the foregoing, the percentage referred to in clause (a) of the preceding sentence shall be decreased as follows: (x) to 84% if the DB MTN Engagement has not occurred on or before December 31, 2002; (y) to 83.5% on March 1, 2003; and (z) to 82% on April 1, 2003.