Overcollateralization Percentage definition

Overcollateralization Percentage. As of any date of determination, the percentage equivalent of (a) one minus (b) a fraction (i) the numerator of which is equal to the Advances Outstanding on such date and (ii) the denominator of which is equal to the Aggregate Outstanding Asset Balance as of such date.

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Overcollateralization Percentage. With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the Overcollateralized Amount, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties as of the last day of the related Due Period.

Overcollateralization Percentage means 9.89% (which, for the avoidance of doubt, is the percentage equivalent of a fraction, the numerator of which is 0.09 and the denominator of which is the excess of 1.00 over 0.09); provided that the Overcollateralization Percentage shall be 11.11% (which, for the avoidance of doubt, is the percentage equivalent of a fraction, the numerator of which is 0.1 and the denominator of which is the excess of 1.0 over 0.1) so long as the rating of the long-term unsecured debt of DaimlerChrysler AG is less than "BBB-" by Standard & Poor's.

Examples of Overcollateralization Percentage in a sentence

• The Master Servicer shall instruct the Indenture Trustee in writing to distribute an amount equal to the product of (i) 100.00% minus the Initial Overcollateralization Percentage and (ii) the aggregate principal balance of the related Subsequent Receivables (as of such Subsequent Cutoff Date), from amounts on deposit in the Pre-Funding Account, to the Depositor on such Subsequent Transfer Date to purchase the Subsequent Receivables from the Seller.

• For any Asset Pool Portion, at any Determination Date, the product of (A) the difference of (x) 1 minus (y) the Overcollateralization Percentage in respect of such Asset Pool Portion times (B) the Receivable Balance of all Eligible Receivables in such Asset Pool Portion (as of the end of the immediately preceding Collection Period).

• As to any Payment Date, the ------------------------------------- Required Overcollateralization Percentage of the Pool Balance.

• The Borrower or the Servicer on its behalf shall establish, on or before the Closing Date, and maintained in the name of the Borrower and assigned to the Deal Agent, with a Qualified Institution an account (the "Excess Spread Account") into which Collections shall be deposited pursuant to Section 2.8(a)(xiii) in a maximum amount such that the Overcollateralization Percentage on any day equals or exceeds the Minimum Overcollateralization Percentage on such day.

• In addition, Advances Outstanding shall be repaid as and when necessary to cause (i) the Advances Outstanding not to exceed the Borrowing Base and (ii) the Overcollateralization Percentage to equal or exceed on each day the Minimum Overcollateralization Percentage, and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period.

More Definitions of Overcollateralization Percentage

Overcollateralization Percentage means, with respect to any Distribution Date, the percentage derived from the fraction, the numerator of which is the Overcollateralization Amount for such Distribution Date and the denominator of which is the Related Pool Balance.

Overcollateralization Percentage means [___]%, calculated to equal the sum of the Initial Pool Balance and the initial deposits into the Capitalized Interest Account and the Reserve Account, each as of the Closing Date, divided by the Outstanding Amount of the Notes as of the Closing Date.

Overcollateralization Percentage means, for any Payment Date or the Closing Date, the difference of (a) 100% minus (b) the quotient (expressed as a percentage) of (i) the sum of the Class A Note Principal Amount, Class B Note Principal Amount and Class C Note Principal Amount as of such Payment Date (after giving effect to any principal payments made on the Class A Notes, the Class B Notes and the Class C Notes on such Payment Date) or Closing Date divided by (ii) the aggregate Outstanding Receivables Balance of the Receivables underlying the Receivables Trust Certificate as of the last day of the related Monthly Period (or for the Closing Date, as of the Cut-Off Date).

Overcollateralization Percentage means, on any Payment Date, the ratio of the Overcollateralization Amount to the Pool Balance.

Overcollateralization Percentage means at any time, (i) 1.0 minus (ii) a fraction, the numerator of which is the Outstanding Loan Amount at such time and the denominator of which is the aggregate Principal Balances of all Eligible Contracts at such time.

Overcollateralization Percentage. A fraction expressed as a percentage the numerator of which is equal to the excess of (i) the Aggregate Economic Balance of the Accounts as of the first day of the month preceding the month in which the Target Overcollateralization Date occurs over (ii) the Aggregate Outstanding Principal Balance of all Classes of Notes and all unreimbursed Realized Loss Amounts with respect to all Classes of Notes on the Target Overcollateralization Date (after giving effect to payments and allocations of losses on the Target Overcollateralization Date) and the denominator of which is the Aggregate Economic Balance of the Accounts as of the first day of the month preceding the month in which the Target Overcollateralization Date occurs.

Overcollateralization Percentage means 9.89%; provided that the Overcollateralization Percentage shall be 11.11% so long as the rating of the long - term unsecured debt of DaimlerChrysler AG is less than "BBB-" by Standard & Poor's.