Overcollateralization Portion definition
Overcollateralization Portion means, as of any date of determination, (i) the sum of the amounts determined pursuant to clauses (a) and (b) of the definition of Minimum Enhancement Amount as of such date minus (ii) the Series 1998-1 Letter of Credit Amount as of such date.
Overcollateralization Portion means, as of any date of determination, an amount equal to the amount determined pursuant to clause (a) of the definition of Series 2002-1 Minimum Credit Support Amount minus the Series 2002-1 Letter of Credit Amount as of such date.
Examples of Overcollateralization Portion in a sentence
NFLP agrees and covenants with the Trustee that it shall not permit the sum of (a) the Overcollateralization Portion on any day plus (b) the Additional Overcollateralization Amount on such day to be less than an amount equal to 4.0% of the sum of (x) the Class A Invested Amount on such day plus (y) the Class B Invested Amount on such day.