OC Floor definition

OC Floor. An amount equal to 0.50% of the Cut-off Date Pool Principal Balance.
OC Floor. An amount equal to 0.50% of the Pool Balance as of the Cut-Off Date.

More Definitions of OC Floor

OC Floor. With respect to any Distribution Date, an amount equal to 0.50% of the sum of the aggregate Cut-off Date Principal Balance of the Initial Mortgage Loans and the Pre-Funded Amount.
OC Floor. An amount equal to 0.50% of the sum of the Initial Cut-off Date Pool Principal Balance and the Pre-Funded Amount.
OC Floor means an amount equal to 0.50% of the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-Funded Amount.
OC Floor. An amount equal to 0.50% of the aggregate Certificate Principal Balance of the Offered Certificates as of the Closing Date. (i.e., $875,000).
OC Floor. With respect to any Distribution Date prior to the Distribution Date in December 2026, an amount equal to 0.35% of the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-funded Amount. With respect to any Distribution Date on or after the Distribution Date in December 2026, the greater of (a) 0.35% of the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-funded Amount and (b) the sum of (x) the aggregate Stated Principal Balance of the 40-Year Mortgage Loans 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) 0.10% of the sum of the Initial Cut-off Date Pool Principal Balance and the original Pre-funded Amount.