Group II Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Stepdown Date, 4.50% of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the Cut-off Date, (b) on or after the Group II Stepdown Date and if a Group II Trigger Event is not in effect, the greater of (i) the lesser of (1) 4.50% of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the Cut-off Date and (2) 9.00% of the then current aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Due Period) and (ii) the Group II Overcollateralization Floor or (c) on or after the Group II Stepdown Date and if a Group II Trigger Event is in effect, the Group II Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group II Overcollateralization Target Amount. With respect to any Distribution Date, (i) prior to the related Stepdown Date, an amount equal to 1.00% of the aggregate principal balance of the Group II Mortgage Loans as of the Cut-off Date, (ii) on or after the related Stepdown Date provided a Group II Trigger Event is not in effect, the greater of (x) (1) prior to the Distribution Date in September 2012, 2.500% of the then current aggregate outstanding Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the Group II Mortgage Loans incurred during the related Due Period) and (2) on or after the Distribution Date in September 2012, 2.000% of the then current aggregate Outstanding Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the Group II Mortgage Loans incurred during the related Due Period) and (y) 0.50% of the aggregate principal balance of the Group II Mortgage Loans as of the Cut-Off Date ($2,137,413) or (iii) on or after the related Stepdown Date and if a Trigger Event is in effect, the Group II Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group II Overcollateralization Target Amount. With respect to any Distribution Date and Pool II, (a) prior to the Group II Stepdown Date, approximately 7.10% of the aggregate Scheduled Principal Balance of the Pool II Mortgage Loans as of the Cut-off Date, (b) on or after the Group II Stepdown Date and if a Group II Trigger Event is not in effect, the greater of (i) approximately 14.20% of the then current aggregate Scheduled Principal Balance of the Pool II Mortgage Loans as of the last day of the related Collection Period and (ii) the Group II Overcollateralization Floor and (c) on or after the Group II Stepdown Date and if a Group II Trigger Event is in effect, the Group II Overcollateralization Target Amount for the immediately preceding Distribution Date.
Examples of Group II Overcollateralization Target Amount in a sentence
A “Contested Election” means an election where, as of the record date for such meeting in which the election will be held, there are more nominees for election than positions on the Board of Directors to be filled by election at the meeting; provided that with respect to any nominee proposed or nominated by a shareholder, the Secretary of the Corporation shall have received proper notice under Article I, Section 3 of these By-Laws.
More Definitions of Group II Overcollateralization Target Amount
Group II Overcollateralization Target Amount. With respect to any Distribution Date (i) prior to the Group II Stepdown Date, $7,775,000, (ii) on or after the Group II Stepdown Date provided a Group II Trigger Event is not in effect, the greater of (x) 2.50% of the aggregate Stated Principal Balance of the Group II Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period and after giving effect to the distributions of principal to be made on such Distribution Date) and (y) the Group II Overcollateralization Floor, and (iii) on or after the Group II Stepdown Date if a Group II Trigger Event is in effect, the Group II Overcollateralization Target Amount for the immediately preceding Distribution Date. Notwithstanding the foregoing, the Group II Overcollateralization Target Amount shall never exceed the initial Group II Overcollateralization Target Amount.
Group II Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group II Stepdown Date, an amount equal to 2.24% of the Invested Amount as of the related Cut-off Date, (b) on or after the Group II Stepdown Date and if a Group II Trigger Event is not in effect, the lesser of (i) an amount equal to 2.24% of the Invested Amount as of the related Cut-off Date and (ii) the greater of (x) approximately 4.48% of the then current Invested Amount as of the last day of the related Collection Period and (y) the related Overcollateralization Floor or (c) on or after the Group II Stepdown Date and if a Group II Trigger Event is in effect, the Group II Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group II Overcollateralization Target Amount. With respect to any Payment Date, 0.50% of the Group II Cut-off Date Balance.
Group II Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Stepdown Date, 5.15% of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the Cut- off Date, (b) on or after the Stepdown Date and if a Trigger Event is not in effect, the greater of (i) the lesser of
Group II Overcollateralization Target Amount. With respect to any Distribution Date an amount equal to the Group II Overcollateralization Floor Amount.
Group II Overcollateralization Target Amount. With respect to any Distribution Date, $1,559,542.63.
Group II Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group II Stepdown Date, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group II as of the Cut-off Date and (b) on or after the Group II Stepdown Date, the greater of (i) (x) for any Distribution Date on or after the Group II Stepdown Date but prior to the Distribution Date in March 2012, an amount equal to 1.25% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group II as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (y) for any Distribution Date on or after the Group II Stepdown Date and on or after the Distribution Date in March 2012, an amount equal to 1.00% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group II as of the Due Date in the month of that Distribution Date (after giving effect to Principal Prepayments received in the related Prepayment Period) and (ii) the Group II OC Floor; provided, however, that if a Group II Trigger Event is in effect on any Distribution Date, the Group II Overcollateralization Target Amount will be the Group II Overcollateralization Target Amount as in effect for the prior Distribution Date.