Examples of Overcollateralization Percentage in a sentence
If a Level 2 Credit Enhancement Increase Condition is in effect, the Asset Backed Loan Overcollateralization Percentage will be 100%.
The highest applicable Asset Backed Loan Overcollateralization Percentage will apply at all times.
If a Level 1 Credit Enhancement Increase Condition is in effect, the Asset Backed Loan Overcollateralization Percentage will be 17.0%.
If a Level 1 Credit Enhancement Increase Condition is in effect, the Asset Backed Loan Overcollateralization Percentage will be 17%.
For the interest rates applicable to the next distribution date, please see https://www.navient.com/about/investors/data/abrate.txt.* The Overcollateralization Event is the first distribution date after the May 2016 distribution date when the Overcollateralization Percentage is at least equal to 40.0%.