Excess Overcollateralization Amount definition

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.
Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount.
Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date. Exchange Act: The Securities Exchange Act of 1934, as amended.

Examples of Excess Overcollateralization Amount in a sentence

  • After the Managed Amortization Period, the amount of principal payable to the holders of each class of Notes on a payment date will be equal to the related Maximum Principal Payment minus the Excess Overcollateralization Amount.

  • The dollar amount of any Excess Overcollateralization Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Transferor.

  • The amount distributable to the Class C Certificateholders to effect such a deceleration will be in an amount equal to the lesser of (x) the Excess Overcollateralization Amount and (y) the Principal Remittance Amount.

  • So long as a Rapid Amortization Event has not occurred, the dollar amount of any Excess Overcollateralization Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Issuer for distribution pursuant to the Trust Agreement.

  • So long as a Rapid Amortization Event has not occurred, the dollar amount of any Excess Overcollateralization Amount will be deducted from the Scheduled Principal Collections Payment Amount and paid to the Issuer for distribution pursuant to the Trust Agreement.


More Definitions of Excess Overcollateralization Amount

Excess Overcollateralization Amount. As to any Payment Date, the lesser of (i) the Basic Principal Amount for such Payment Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is paid on the Offered Notes) over (y) the Required Overcollateralization Amount.
Excess Overcollateralization Amount. With respect to a Group and any Distribution Date, the lesser of (i) Principal Funds of the related Group and (ii) the excess, if any, of the related Overcollateralization Amount over the related Specified Overcollateralization Amount, in each case for such Group and Distribution Date.
Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount. Expense Fee Rate: The sum of the Servicing Fee Rate and the Trustee Fee Rate, which is 0.5250% per annum.
Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date. Exchange Act: The Securities Exchange Act of 1934, as amended. Fannie Mae: Fannie Mae, a federally chartered and privately owned corpoxxxxxx oxxxnizxx xxx exxxting under the Federal National Mortgage Association Charter Act, or any successor thereto.
Excess Overcollateralization Amount for a Class of Notes and Payment Date means the lesser of
Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount (for purposes of this calculation only, assuming 100% of the Principal Remittance Amount is applied as a principal payment to the LIBOR Certificates on such Distribution Date, but before giving effect to any other distributions on the LIBOR Certificates in reduction of their respective Class Certificate Balances on such Distribution Date) on such Distribution Date over (b) the Overcollateralization Target Amount for such Distribution Date.
Excess Overcollateralization Amount. With respect to each Group of Mortgage Loans and any Payment Date, the excess, if any, of (a) the Overcollateralization Amount that would apply to that Group on such Payment Date after giving effect to the payment of the Base Principal Payment Amount for such Group calculated without reduction for any Overcollateralization Reduction Amounts, over (b) the Specified Overcollateralization Amount for such Group.