OC Amount definition
OC Amount means, as of any date of determination, the product of (i) ____percent (___.0%) and (ii) the NAIC Reserves.
OC Amount means 23.0%; provided, however, if each of the Step-Down Conditions are satisfied on a Determination Date preceding the Distribution Date set forth in the following table, the OC Amount shall be reduced to the amount set forth with respect to such Distribution Date in the following table; provided, further, however, that if any of such Step Down Conditions are not satisfied with respect to any Distribution Date in the following table, the OC Amount shall not be reduced on such Distribution Date and will not be subject to reduction or further reduction, as applicable, until the next Distribution Date set forth in the following table (if any): 18th calendar month 22.5 % 24th calendar month 21.5 % 30th calendar month 20.5 %
OC Amount means, with respect to any RCCA, the OC Level, if any, for the related Notes times the sum of the Aggregate Principal Balance and the Pre-Funded Amount, if any, for the related Notes.
More Definitions of OC Amount
OC Amount means, in respect of each Interest Payment Date, the difference (floored at zero) between:
OC Amount. As to any Determination Date, the excess of the Pool Principal Balance as of the last day of the related Due Period over the aggregate Class Certificate Principal Balance of the Offered Certificates after giving effect to distributions in respect of principal to be made on the related Distribution Date.