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. 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.

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.

• Elected officials are exempt from the requirement to receive pre-travel approval.

More Definitions of Overcollateralization Floor

Overcollateralization Floor. 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

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 Group I Senior Principal Distribution Amount, $1,910,711. With respect to the Group II Senior Principal Distribution Amount, $896,708. With respect to each of the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal Distribution Amount, the Class M-7 Principal Distribution Amount, the Class M-8 Principal Distribution Amount, the Class M-9 Principal Distribution Amount, the Class B-1 Principal Distribution Amount and the Class B-2 Principal Distribution Amount, $2,807,419.

Overcollateralization Floor. With respect to any Distribution Date, an amount equal to the product of (i) 0.50% and (ii) the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. For any Distribution Date after the Stepdown Date, $6,859,795 (0.50% of the Cut-off Date Balance).

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. Notwithstanding the foregoing, on and after any Distribution Date following the reduction of the aggregate Class Certificate Balance of the Class A Certificates, Class M Certificates and Class B Certificates to zero, the Overcollateralization Floor shall be zero.

Overcollateralization Floor. As of any Distribution Date, the amount by which the Pool Balance as of the last day of the related Collection Period exceeds the product of (i) 0.50% and (ii) the Pool Balance as of the Cut-off Date.