Overcollateralization Increase Amount definition

Overcollateralization Increase Amount. With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

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Overcollateralization Increase Amount. With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date (after taking into account the payment of the Principal Distribution Amount on such Distribution Date, exclusive of the payment of any Overcollateralization Increase Amount) and (b) the amount of Accrued Certificate Interest payable on the Class CE Certificates on such Distribution Date as reduced by Realized Losses allocated thereto with respect to such Distribution Date pursuant to Section 4.04.

Overcollateralization Increase Amount. With respect to any Distribution Date, the amount of Net Monthly Excess Cashflow actually applied as an accelerated payment of principal to the Class A Certificates and the Mezzanine Certificates then entitled to distributions of principal to the extent the Required Overcollateralization Amount exceeds the Overcollateralization Amount.

Examples of Overcollateralization Increase Amount in a sentence

• With respect to any Distribution Date, interest that so accrues on the notional principal balance of the Class X shall be deferred in an amount equal to the Overcollateralization Increase Amount on such Distribution Date.

• Any Charge-Off Amounts on the Group II HELOCs will be applied on any Distribution Date as follows: first, to related Net Monthly Excess Cashflow through payment of the related Overcollateralization Increase Amount, second, in reduction of the Overcollateralization Amount until reduced to zero.

• Any Excess Spread to the extent necessary to restore or maintain a level of overcollateralization equal to the Overcollateralization Target Amount will be the Overcollateralization Increase Amount and will be included as part of the Principal Distribution Amount for the Offered Certificates and Class B-4 Certificates and distributed pursuant to the second and third clause below.

• With respect to any Distribution Date, interest that so accrues on the notional principal balance of the Class X Certificates shall be deferred in an amount equal to the Overcollateralization Increase Amount on such Distribution Date.

• Furthermore, unless and until the Required Overcollateralization Amount has been reached, payments pursuant to clauses (4) and (5) above shall be limited to the positive difference between (a) the amount of such payment remaining after application of payments pursuant to clauses (1) through (3) above and (b) the Overcollateralization Increase Amount.

More Definitions of Overcollateralization Increase Amount

Overcollateralization Increase Amount. With respect to any Distribution Date, an amount equal to the lesser of (i) the Excess Cash Flow for that Distribution Date available to make payments pursuant to Section 4.02(c)(xiv) and (ii) the excess, if any, of (x) the Required Overcollateralization Amount for that Distribution Date over (y) the Overcollateralization Amount for that Distribution Date.

Overcollateralization Increase Amount. With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed).

Overcollateralization Increase Amount. With respect to any Distribution Date, the excess, if any, of (a) the Required Overcollateralization Amount over (b) the Overcollateralization Amount on such Distribution Date.

Overcollateralization Increase Amount. As of any Payment Date, the excess, if any, of (a) the Overcollateralization Target Amount over (B) the Overcollateralized Amount on such Payment Date (after taking into account the payments to the Bonds of the Basic Principal Distribution Amount on such Payment Date).

Overcollateralization Increase Amount. With respect to any Payment Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Payment Date and (b) the Net Monthly Excess Cashflow Amount with respect to such Payment Date and any Prepayment Charges collected during the related Prepayment Period.

Overcollateralization Increase Amount. With respect to any Payment Date, an amount equal to the lesser of (i) the amount remaining in the Note Payment Account following distributions pursuant to Section 3.05(a)(vi) of the Indenture and (ii) the amount necessary to increase the Overcollateralization Amount to the Required Overcollateralization Amount.

Overcollateralization Increase Amount. With respect to any Distribution Date, the lesser of (a) the sum of (i) the Net Monthly Excess Cashflow for such Distribution Date and (ii) any amounts received under the Cap Contract or Net Swap Payments received under the Interest Rate Swap Agreement for this purpose and (b) the Overcollateralization Deficiency Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed).