Overcollateralization Floor definition

Overcollateralization Floor. With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. An amount equal to the product of 0.50% and the Cut-off Date Balance.

Overcollateralization Floor. As to either Loan Group, an amount equal to 0.50% of the aggregate Stated Principal Balance of the related Mortgage Loans as of the Cut-off Date.

Examples of Overcollateralization Floor in a sentence

• Overcollateralization Floor: 0.50% of the aggregate principal balance of the mortgage loans as of the Cut-Off Date.

• Overcollateralization Floor: With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

• Overcollateralization: Overcollateralization will be fully-funded at [1.40%] of the aggregate original principal balance of the mortgage loans, stepping down on the Stepdown Date, provided a Trigger Event is not in effect, to [2.80%] of the aggregate outstanding principal balance of the mortgage loans, subject to the Overcollateralization Floor.

• OVERCOLLATERALIZATION FLOOR: The "Overcollateralization Floor" for each Payment Date means (a) 2.5% of the Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to that Payment Date, minus (c) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on account of that Payment Date.

• OVERCOLLATERALIZATION TARGET AMOUNT: With respect to any distribution date and the Group I Loans and the Group II Loans, an amount equal to the Overcollateralization Floor.

More Definitions of Overcollateralization Floor

Overcollateralization Floor. With respect to the Group I Certificates, $3,370,251.52. With respect to the Group II Certificates, $4,778,428.65. With respect to the Mezzanine Certificates, $ 8,148,680.17.

Overcollateralization Floor. With respect to the Certificates, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. With respect to the Class I-A1 Certificates and the Class II-A1 Certificates, $2,661,987.51. With respect to the Class II-A2 Certificates, $251,205.90. With respect to the Mezzanine Certificates and the Class B-1 Certificates, $2,913,193.41.

Overcollateralization Floor. An amount equal to 0.50% of the Cut-off Date Balance which is $4,239,625.85.

Overcollateralization Floor. An amount equal to 0.50% of the initial Pool Balance.

Overcollateralization Floor. $1,500,00.00.

Overcollateralization Floor. With respect to the Mortgage Loans, an amount equal to the product of (a) 0.50% and (b) the Cut-off Date Balance.