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

  • SC-1 Schedule D Overcollateralization Floor Step-up Trigger Percentages...................................

  • On or after the Stepdown Date and on and after the Distribution Date in May 2013, provided a Trigger Event is not in effect, an amount equal to the greater of (x) 1.100% of the aggregate Stated Principal Balance of the Mortgage Loans for that Distribution Date and (y) the Overcollateralization Floor.

  • After the Stepdown Date, the Target Overcollateralization Amount shall be reduced to the greater of (i) 10.00% of the aggregate principal balance of the mortgage loans, as of the last day of the related Due Period or (ii) the Overcollateralization Floor; provided that if a Trigger Event exists, the Target Overcollateralization Amount will not be reduced.

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

  • On or after the Stepdown Date but prior to the Distribution Date in January 2013, provided a Trigger Event is not in effect, an amount equal to the greater of (x) 1.25% of the aggregate Stated Principal Balance of the Mortgage Loans for that Distribution Date and (y) the Overcollateralization Floor.


More Definitions of Overcollateralization Floor

Overcollateralization Floor. With respect to the Group I Certificates, $2,635,229. With respect to the Group II Certificates, $2,277,799. With respect to the Mezzanine Certificates and the Class B Certificates, $4,913,028.
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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.
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Overcollateralization Floor. An amount equal to 0.50% of the Cut-off Date Balance which is $4,239,625.85.
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Overcollateralization Floor. $3,854,378.77.
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Overcollateralization Floor. An amount equal to 0.50% of the initial Pool Balance.
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Overcollateralization Floor. With respect to (i) the Class A-1/A-3 Certificates, $2,125,529, (ii) the Class A-2 Certificates, $1,624,471 and (iii) the Mezzanine Certificates, $3,750,000.
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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.
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