Examples of Group I Overcollateralization Amount in a sentence
Any Group I Excess Losses on the Mortgage Loans, to the extent not covered by the Policy, will be allocated to the Class A-I Certificates on a pro rata basis, in an amount equal to a fraction of such losses equal to (x) the aggregate Certificate Principal Balance of the Class A-I Certificates over (y) the aggregate Stated Principal Balance of the Group I Loans, and the remainder of such losses shall be allocated to the Group I Overcollateralization Amount in reduction of the amount thereof.
The "Group I Extra Principal Distribution Amount," with respect to each Payment Date, is the lesser of: (1) The excess, if any, of: (a) The Group I Required Overcollateralization Amount for such Payment Date over (b) The Group I Overcollateralization Amount (after giving effect to distributions of principal other than any Group I Extra Principal Distribution Amount) for such Payment Date and (2) The Group I Excess Cashflow for such Payment Date.
Notwithstanding the above, principal payments allocated to the Class B Certificates that result in the reduction in the Group I Overcollateralization Amount shall be allocated to the Subsidiary REMIC 1 Accrual Class (until paid in full).
The Floating Allocation Percentage of Group I Charge-Off Amounts on the Group I HELOCs will be applied on any Payment Date as follows: first, to any available Group I Interest Collection Amount through an increase in the Group I Overcollateralization Amount as provided in Section 3.02(a)(v) hereof; and second, in reduction of the Group I Overcollateralization Amount until reduced to zero.
The storage and use of all flammable liquids and materials such as pyroxylin plastics, nitrocellulose film, solvents, and petroleum products shall be permitted only when such storage or use conforms to the standards and regulations of the City of Weatherford Fire Code or are approved by the Fire Chief.