Base Specified Overcollateralization Amount definition
Base Specified Overcollateralization Amount means [ ]% of the Initial Aggregate Note Balance.
Base Specified Overcollateralization Amount means 0.50% of the Initial Pool Balance.
Base Specified Overcollateralization Amount means 4.10% of the Original Pool Principal Balance.
More Definitions of Base Specified Overcollateralization Amount
Base Specified Overcollateralization Amount. With respect to any Distribution Date on which a Step-up Trigger Event has not occurred or is not continuing, the product of 21.65% and the Cut-off Date Balance; with respect to any Distribution Date on which a Step-up Trigger Event has occurred or is continuing, the product of 27.00% and the Cut-off Date Balance.
Base Specified Overcollateralization Amount. Means $7,525,000 (the Target Percentage of the sum of the Pool Balance as of the Closing Date plus the amount of the Prefunding Account Deposit).
Base Specified Overcollateralization Amount means 1.30% of the Initial
Base Specified Overcollateralization Amount. As to either Loan Group, the product of the applicable Target Percentage and the Original Loan Group Balance, in each case, for such Loan Group.
Base Specified Overcollateralization Amount. The sum of (i) the product of (a) the Target Percentage and (b) the Pool Principal Balance as of the Closing Date and (ii) the aggregate principal balance of all Mortgage Loans that are both (a) 180 days or more contractually delinquent and (b) in REO, foreclosure or bankruptcy.
Base Specified Overcollateralization Amount means the product of (a) the Target Percentage and (b) the Pool Principal Balance as of July 1, 1997.