M2 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 65.70% minus the Additional Required Enhancement Percentage and (ii) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.
M2 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 92.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.
M2 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 91.60% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.
Examples of M2 Target Amount in a sentence
Class M2 Target Amount: The lesser of (a) the product of (i) 99.00% and (ii) Invested Amount at the end of the related Collection Period and (b) the excess if any of (i) Invested Amount at the end of the related Collection Period over (ii) 0.50% of the Cut-off Date Balance.
Class M2 Target Amount: The lesser of (a) the product of (i) 97.80% and (ii) Pool Balance at the end of the related Collection Period and (b) the excess if any of (i) Pool Balance at the end of the related Collection Period over (ii) 0.50% of the Cut-off Date Balance.
More Definitions of M2 Target Amount
M2 Target Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the product of (i) [ ]% and (ii) the Aggregate Collateral Balance for such Payment Date determined as of the last day of the related Due Period and (b) the excess of (i) the Aggregate Collateral Balance for such Payment Date determined as of the last day of the related Due Period over (ii) 0.50% of the Aggregate Collateral Balance as of the Closing Date.
M2 Target Amount. With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) (x) for each distribution prior to the Distribution Date in January 2013, 85.00% and (y) thereafter, 88.00% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period immediately prior to such Distribution Date and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.
M2 Target Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the product of (i) 74.40% and (ii) the Pool Balance for such Payment Date and (b) the excess of (i) the Pool Balance for such Payment Date determined as of the last day of the related Collection Period over (ii) 1.00% of the sum of (A) the Cut-off Date Balance and (B) the Pre-Funding Amount.
M2 Target Amount. With respect to any Distribution Date, an amount equal to 98.00% of the Pool Balance for such Distribution Date.
M2 Target Amount. With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) (x) for each distribution prior to the Distribution Date in February 2012, 89.75% and (y) thereafter, 91.80% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period immediately prior to such Distribution Date and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Xxxxxxxxxxxxxxxxxxxxx Xxxxx.
M2 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 75.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance. Master Servicer: Aurora Loan Services Inc., or any successor in interest, or if any successor master servicer shall be appointed as herein provided, then such successor master servicer.
M2 Target Amount. With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 87.10% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any prepayments received during the related Prepayment Period immediately prior to such Distribution Date) and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any prepayments received during the related Prepayment Period immediately prior to such Distribution Date) exceeds (2) the Xxxxxxxxxxxxxxxxxxxxx Xxxxx.