Targeted Overcollateralization definition

Targeted Overcollateralization. Amount As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) []% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class [] Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) []% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class [] Early Distribution Amount and (ii) the greater of (A) the excess of (I) []% of the Pool Principal Balance as of the last day of the related Due Period over (II) the excess of (x) the sum of the Class Certificate Balances of the Class []-[], Class []-[] and Class []-[] Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class []-[], Class []-[] and Class []-[] Certificates on all prior Distribution Dates and (B) []% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions of the Aggregate Class [] Early Distribution Amount on the immediately preceding Distribution Date).
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Examples of Targeted Overcollateralization in a sentence

  • The “Target Amount” will be calculated on each Distribution Date, after giving effect to withdrawals from the Interest Rate Cap Account on such Distribution Date and distribution and allocation of losses on the LIBOR Certificates on such Distribution Date, and will equal the excess, if any, of the Targeted Overcollateralization Amount over the Overcollateralization Amount, in each case for such Distribution Date.

  • As to any Payment Date, the excess, if any, of (x) the Targeted Overcollateralization Amount for such Payment Date over (y) the Interim Overcollateralization Amount for such Payment Date.

  • With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions of the Aggregate Class B Early Distribution Amount on the immediately preceding Distribution Date).

  • With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date Tax Matters Person ------------------ The person designated as "tax matters person" in the manner provided under Treasury regulation ss.1.860F-4(d) and temporary Treasury regulation ss.301.6231(a)(7)-1T.

  • As to any Distribution Date, the excess, if any, of (x) the Targeted Overcollateralization Amount over (y) the Interim Overcollateralization Amount.

  • With respect to any Distribution Date on or after the Stepdown Date on which a Trigger Event is not in effect, the lesser of (a) the Principal Remittance Amount for that Distribution Date and (b) the excess, if any, of (i) the Overcollateralization Amount for that Distribution Date, assuming that 100% of the Principal Remittance Amount is applied as a principal payment on the Certificates on that Distribution Date, over (ii) the Targeted Overcollateralization Amount for that Distribution Date.

  • Notwithstanding the foregoing, the Targeted Overcollateralization Amount shall not exceed the Net Pool Balance on such Payment Date.

  • With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on the immediately preceding Distribution Date pursuant to clauses (xxxii), (xxxiii) and (xxxiv) of Section 4.02(d)).

  • If a Trigger Event is in effect on and after the Stepdown Date, the Targeted Overcollateralization Amount shall be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date.

  • Such tape shall be in the form and have the specifications as may be agreed to among the Servicer, the Trustee and the Seller from time to time and shall include information concerning original loan-to-value ratios, the lien positions of and number of days contractually delinquent of the Mortgage Loans and information necessary to calculate Delinquency Rate Events, Cumulative Loss Rate Events, Rolling Loss Rate Events and Targeted Overcollateralization Amounts.