O/C Amount definition

O/C Amount means, with respect to any date, an amount equal to (a) the Invested Amount minus (b) the Note Principal Balance.

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O/C Amount. As to any Payment Date, the excess, if any, of (a) the Invested Amount as of the close of business on the last day of the related Due Period over (b) the Class A Note Principal Balance (after giving effect to the distribution of the Class A Principal Distribution Amount and amounts pursuant to Section 5.01(a)I(iv) and (v) for such Payment Date, but before taking into account the O/C Reduction Amount).

O/C Amount. As to any Distribution Date and Group, the excess, if any, of (a) the Group Total Balance of such Group as of the close of business on the last day of the related Remittance Period over (b) the Note Principal Balance of the related Class of Notes (after giving effect to amounts available in respect of the related Monthly Principal Distributable Amount for such Distribution Date).

Examples of O/C Amount in a sentence

The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount, provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount.
O/C Amount after all distributions on the Payment Date $ _________ H.
Notwithstanding the preceding, the Securities Insurer shall have the right to modify the definitions relating to the calculation of the Required O/C Amount without the requirement of an amendment to this Agreement.
The remaining Reassignment Amount shall be distributed to the O/C Holder for reduction of the O/C Amount.
Notwithstanding the preceding, the Securities Insurer shall have the right to reduce the Required O/C Amount without the requirement of an amendment to this Agreement, provided, however, no such reduction shall be made if such reduction shall adversely affect the tax characterization of the Notes as debt under federal and applicable state tax law.
The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount.
If the Company, based on its review of such reports, notifies the Reinsurer that any OC Trust Assets would be considered impaired under the Company’s OTTI policy, then the Book Value of such OC Trust Assets shall be marked down to equal the Market Value of such OC Trust Assets for purposes of determining whether the Book Value of the OC Trust Assets is at least equal to the OC Amount.
Not later than 1:00 p.m., New York City time, on such day the Transferor shall deposit into the Principal Funding Account in immediately available funds the excess of the Reassignment Amount (less the O/C Amount) over the amount, if any, on deposit in the Principal Funding Account.
As a result of any cancellation of Series 2002-1 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2002-1 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.
Pursuant to the terms of the Trust Agreement, the assets in the Trust Account, including the residual interest therein, shall be held in trust by the Trustee for the sole and exclusive benefit of Cedant, and Reinsurer may deliver, at its cost, one or more Letters of Credit pursuant to Section 9.01 to fund an amount up to the OC Amount, in each case as security for the payment of Reinsurer’s obligations to Cedant under this Agreement and the YRT Agreement (BOLI).

More Definitions of O/C Amount

O/C Amount. As of any Distribution Date, the excess, if any, of (i) the Aggregate Loan Balance as of the close of business on the last day of the related Collection Period over (ii) the Aggregate Class A Principal Balance as of such Distribution Date (after giving effect to amounts otherwise available in respect of the Class A Monthly Principal Distribution Amount and Outstanding Class A Principal Carryover Shortfall, if any, for such Distribution Date).

O/C Amount. As to any Distribution Date, the excess, if any, of (a) the Pool Principal Balance as of the close of business on the last day of the related Due Period over (b) the Aggregate Class A Principal Balance (after giving effect to amounts otherwise available in respect of the Class A Monthly Principal Distributable Amount for such Distribution Date).

O/C Amount means the overcollateralization amount as set forth in each of the Series Supplements listed on Schedule A.

O/C Amount. As to any Padment Date, the excess, if any, of (a) the Ievested Amount as of the close of busfness on the last day of the related Dge Period over (b) the Class A Note Prinhipal Balance (after giving effect tk the distribution of the Class A Principal Distribution Amount and amoonts pursuant to Section 5.01(a)I(v) and (pi) for such Payment Date).

O/C Amount. As to any Distribution Date and Certificate Group, ----------------- the amount by which (i) the related O/C Amount for such Distribution Date exceeds (ii) the related Specified O/C Amount for such Distribution Date.