ARM POOL OVERCOLLATERALIZATION INCREASE AMOUNT definition
ARM POOL OVERCOLLATERALIZATION INCREASE AMOUNT. On any Payment Date, an amount equal to the lesser of (i) the ARM Pool Available Funds and any Insured Amount and Reserve Fund Release Amount in respect of the Class A-1 Bonds after distributions pursuant to Section 3.05(b)(i) through (iii) of the Indenture and (ii) the excess of (a) the ARM Pool Required Overcollateralization Amount for such Payment Date over (b) the ARM Pool Overcollateralization Amount that would apply on such Payment Date after taking into account all distributions to be made on such Payment Date. ARM POOL OVERCOLLATERALIZATION REDUCTION AMOUNT: As of any Payment Date, any ARM Pool Excess Overcollateralization Amount as of such Payment Date after distribution of the ARM Pool Principal Payment Amount on such Payment Date.