Overcollateralization Deficit. With respect to the Notes and any Payment Date, the amount, if any, by which (a) the Outstanding Amount, after taking into account the payment to the Noteholders of all principal from all sources other than the Policy on such Payment Date, exceeds (b) the Pool Balance as of as of the end of the related Collection Period plus any Principal Collections due in the immediately preceding Collection Period but received in the subsequent Collection Period before the related Remittance Date.
Overcollateralization Deficit. As to any Payment Date, the amount, if any, by which the Note Balance on such Payment Date (after taking into account any payments to be paid on such Payment Date in reduction of the Note Balance, including Excess Cash payments) exceeds the Aggregate Principal Balance of the Mortgage Loans as of the end of the related Due Period. If the Aggregate Principal Balance of the Mortgage Loans as determined pursuant to the preceding sentence is greater than the related Note Balance for such Payment Date determined as provided above, the Overcollateralization Deficit for such Payment Date shall be zero.
Overcollateralization Deficit. As applicable, the Pool I Overcollateralization Deficit or the Pool II Overcollateralization Deficit.
More Definitions of Overcollateralization Deficit
Overcollateralization Deficit. As of any Payment Date, the amount, if any, by which (a) the aggregate Note Principal Balance of the Notes, after taking into account the payment of the Base Principal Payment Amount for each Group on such date, but before taking into account any principal payment funded from Net Monthly Excess Cashflow, [the Reserve Account] or any Insured Principal Payment exceeds (b) the aggregate Stated Principal Balance of the Mortgage Loans determined as of the end of the immediately preceding Prepayment Period. For purposes of determining the amount to be paid on account of the Overcollateralization Deficit to the Noteholders of each Class of Notes on the Payment Date, the Overcollateralization Deficit will be allocated to each Class pro rata based on the amount by which the Note Principal Balance of each class on such payment date, after payment of the Base Principal Payment Amount but before taking into account any principal payment funded from Net Monthly Excess Cashflow, [any amounts released from the Reserve Account] or any Insured Principal Payment, exceeds the aggregate Stated Principal Balance of the Mortgage Loans in the related group as of the end of the immediately preceding Payment Date.
Overcollateralization Deficit. With respect to the Class A Notes and any Payment Date, the amount, if any, by which (a) the Note Principal Amount of the Class A Notes, after taking into account the payment to the Holders of the Class A Notes of all principal from all sources other than the Policy on such Payment Date, exceeds (b) the Invested Amount as of as of the end of the related Collection Period plus any Principal Collections due in the immediately preceding Collection Period but received in the subsequent Collection Period before the related Servicer Remittance Date.
Overcollateralization Deficit. With respect to any Distribution Date, the excess, if any, of (i) the Class A Certificate Principal Balance, after taking into account the distribution of the Principal Distribution Amount (other than any portion thereof constituting the Overcollateralization Deficit or the Subordination Increase Amount) over (ii) the sum of the aggregate Stated Principal Balances of the Mortgage Loans then outstanding;
Overcollateralization Deficit. With respect to Group I, the Group I Overcollateralization Deficit and with respect to Group II, the Group II Overcollateralization Deficit.
Overcollateralization Deficit. With respect to any Payment Date, the amount, if any, by which (i) the aggregate Note Principal Balance, after taking into account the payment to the Noteholders of all principal from sources other than the Note Policy on such Payment Date,
Overcollateralization Deficit. With respect to any Payment Date, the amount, if any, by which (x) the Aggregate Certificate Principal Balance after taking into account the payment of the Class A Distribution Amount on such Payment Date (without regard to any Insured Payment to be made on such Payment Date and except for any Overcollateralization Deficit), exceeds (y) the sum of (i) the aggregate Loan Balances of the Home Equity Loans as of the close of business on the last day of the related Remittance Period and (ii) any amount on deposit in the Pre-Funding Account at such time exclusive of the Pre-Funding Account Earnings.
Overcollateralization Deficit. With respect to any Distribution Date, the excess of (x) the aggregate outstanding Class A Certificate Principal Balance (after giving effect to all distributions to be made on such Distribution Date) as of such Distribution Date over (y) the aggregate outstanding Principal Balance of the Mortgage Loans as of the close of business on the last day of the related Due Period (after giving effect to all distributions during such period).