Overcollateralization Target Amount Sample Clauses

Overcollateralization Target Amount. (1) With respect to any Distribution Date during the Revolving Period, 3.25% of the Initial Aggregate Receivables Principal Balance and (2) with respect to any Distribution Date during the Amortization Period, 4.75% of the Initial Aggregate Receivables Principal Balance.
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Overcollateralization Target Amount. 29 REMIC 1 Regular Interest LT-AA..........................................................................29 REMIC 1 Regular Interest ...............................................................................29 REMIC 1 Regular Interest LT-M1..........................................................................30 REMIC 1 Regular Interest LT-M2..........................................................................30 REMIC 1 Regular Interest LT-M3..........................................................................30 REMIC 1 Regular Interest LT-M4..........................................................................30 REMIC 1 Regular Interest LT-M5..........................................................................30 REMIC 1 Regular Interest LT-P...........................................................................30 REMIC 1 Regular Interest LT-ZZ..........................................................................31 REMIC 1 Regular Interests...............................................................................31
Sample 1Sample 2
Overcollateralization Target Amount. Class R Certificates -------------------- The certificates representing the single "residual interest" in the Class R-1A Interest, Class R-1B Interest, Class R-2 Interest and the Class R-3 Interest, in substantially the form attached hereto as Exhibit B-1. Class Certificate Balance ------------------------- With respect to any Class of Class A Certificates and as to any Distribution Date, the aggregate of the Certificate Balances of all Certificates of such Class as of such date. The Class Certificate Balance of the Class R Certificates shall be zero. Class Interest Shortfall ------------------------ As to any Distribution Date and any Class of Class A Certificates, the amount by which the amount described in clause (i)(x) of the definition of Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i)(x).
Sample 1
Overcollateralization Target Amount. Class AV-1 Certificate ---------------------- Any Certificate executed and authenticated by the Trustee substantially in the form attached hereto as Exhibit A-2 and designated as a Class AV-1 Certificate. Class AV-1 Distributable Excess Spread -------------------------------------- With respect to the Class AV-1 Certificates and any Distribution Date, the lesser of (a) the excess, if any, of the Class AV-1 Overcollateralization Target Amount for such Distribution Date over the Class AV-1 Overcollateralized Amount for such Distribution Date after giving effect to all other distributions of principal on the Class AV-1 Certificates on such Distribution Date and (b) Net Monthly Excess Interest for the Class AV-1 Certificates. Class AV-1 Distributable Funds ------------------------------ The sum of (a) the amount of Available Funds relating to the Class AV-1 Certificates and (b) any Insured Amounts for the Class AV-1 Certificates, in each case with respect to the related Distribution Date. Class AV-1 Overcollateralization Release Amount ----------------------------------------------- With respect to any Distribution Date, the excess, if any, of (a) the Class AV-1 Overcollateralized Amount (assuming that the amount described in clause (a) of the definition of Certificate Formula Principal Amount relating to the Class AV-1 Certificates was distributed to the Class AV-1 Certificates), over (b) the Class AV-1 Overcollateralization Target Amount for such Distribution Date. Class AV-1 Overcollateralization Target Amount ---------------------------------------------- (a) on any Distribution Date occurring prior to the Stepdown Date and as long as no Overcollateralization Step-Up Trigger Event is in effect, an amount equal to the greatest of (i) 7.00% (provided, however, that if an Overcollateralization Step-Up Trigger Event is in effect, the applicable percentage shall be 9.00%) of the Cut-off Date Group II Principal Balance, (ii) 80% of the aggregate principal balance of Group II Loans that are Balloon Loans with original terms less than or equal to 36 months which are 60 or more days delinquent (including Group II Loans in foreclosure and REO Properties), and (iii) the aggregate principal balance of the Group II Loans which are 90 or more days delinquent (including Group II Loans in foreclosure and REO Properties); and
Sample 1
Overcollateralization Target Amount. 35- Overcollateralized Amount...........................................................-36-
Sample 1
Overcollateralization Target Amount. 39- Overcollateralized Amount...........................................................-40- Ownership Interest..................................................................-00- X&X Xxxxxxx.........................................................................-40- Pass-Through Rate...................................................................-40- Percentage Interest.................................................................-42- Periodic Rate Cap...................................................................-43-
Sample 1

Related to Overcollateralization Target Amount

  • OVERCOLLATERALIZATION INFORMATION Specified Reserve Balance Targeted Credit Enhancement Amount Yield Supplement Overcollateralization Amount Targeted Overcollateralization Amount Actual Overcollateralization Amount (EOP Pool Balance - EOP Note Balance)

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Available Funds $ 4,362,047.84 ---------------

  • Cross-Collateralization; Adjustments to Available Funds (a) On each Distribution Date prior to the earlier of the Senior Credit Support Depletion Date and the second Senior Termination Date, but after a Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on their Class Certificate Balances, provided, however, that the Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average Stated Principal Balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates, is less than 50%.

  • Application of Available Finance Charge Collections and Available Principal Collections On or before each Transfer Date, the Servicer shall instruct the Indenture Trustee in writing (which writing shall be substantially in the form of Exhibit B) to withdraw and the Indenture Trustee, acting in accordance with such instructions, shall withdraw on such Transfer Date or related Distribution Date, as applicable, to the extent of available funds, the amount required to be withdrawn from the Finance Charge Account, the Principal Account, the Principal Accumulation Account and the Distribution Account as follows:

  • Excess Cash Flow No later than ten (10) Business Days after the date on which the financial statements with respect to each fiscal year of Holdings ending on or after December 31, 2019 in which an Excess Cash Flow Period occurs are required to be delivered pursuant to Section 5.01(a) (each such date, an “ECF Payment Date”), the Borrower shall, if and to the extent Excess Cash Flow for such Excess Cash Flow Period exceeds $1,375,000, make prepayments of Term Loans in accordance with Section 2.10(h) and (i) in an aggregate amount equal to (A) the Applicable ECF Percentage of Excess Cash Flow for the Excess Cash Flow Period then ended (for the avoidance of doubt, including the $1,375,000 floor referenced above) (B) minus $1,375,000 minus (C) at the option of the Borrower, the aggregate principal amount of (x) any Term Loans, Incremental Term Loans, Revolving Loans or Incremental Revolving Loans (or, in each case, any Credit Agreement Refinancing Indebtedness in respect thereof), in each case prepaid pursuant to Section 2.10(a), Section 2.16(b)(B) or Section 10.02(e)(i) (or pursuant to the corresponding provisions of the documentation governing any such Credit Agreement Refinancing Indebtedness) (in the case of any prepayment of Revolving Loans and/or Incremental Revolving Loans, solely to the extent accompanied by a corresponding permanent reduction in the Revolving Commitment), during the applicable Excess Cash Flow Period (or, at the option of the Borrower and without duplication, after such Excess Cash Flow Period and prior to such ECF Payment Date) and (y) the amount of any reduction in the outstanding amount of any Term Loans or Incremental Term Loans resulting from any assignment made in accordance with Section 10.04(b)(vii) of this Agreement (or the corresponding provisions of any Credit Agreement Refinancing Indebtedness issued in exchange therefor), during the applicable Excess Cash Flow Period (or, at the option of the Borrower and without duplication, after such Excess Cash Flow Period and prior to such ECF Payment Date), and in the case of all such prepayments or buybacks, to the extent that (1) such prepayments or buybacks were financed with sources other than the proceeds of long-term Indebtedness (other than revolving Indebtedness to the extent intended to be repaid from operating cash flow) of Holdings or its Restricted Subsidiaries and (2) such prepayment or buybacks did not reduce the amount required to be prepaid pursuant to this Section 2.10(f) in any prior Excess Cash Flow Period (such payment, the “ECF Payment Amount”).

  • Determination Date Calculations; Application of Available Funds (a) On each Determination Date, the Servicer shall calculate the following amounts:

  • Net WAC Rate Carryover Reserve Account No later than the Closing Date, the Trust Administrator shall establish and maintain with itself a separate, segregated trust account titled, “Xxxxx Fargo Bank, N.A. as Trust Administrator, in trust for the registered holders of MASTR Asset Backed Securities Trust 2006-WMC1, Mortgage Pass-Through Certificates, Series 2006-WMC1—Net WAC Rate Carryover Reserve Account.” All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Class A Certificates and/or the Mezzanine Certificates in the manner set forth in Section 4.01. On each Distribution Date as to which there is a Net WAC Rate Carryover Amount payable to the Class A Certificates and/or the Mezzanine Certificates, the Trust Administrator has been directed by the Class CE Certificateholders to, and therefore will, deposit into the Net WAC Rate Carryover Reserve Account the amounts described in Section 4.01(e)(v), rather than distributing such amounts to the Class CE Certificateholders. On each such Distribution Date, the Trust Administrator shall hold all such amounts for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates, and will distribute such amounts to the Holders of the Class A Certificates and/or the Mezzanine Certificates in the amounts and priorities set forth in Section 4.01(a). It is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Net WAC Rate Carryover Reserve Account be disregarded as an entity separate from the Holder of the Class CE Certificates unless and until the date when either (a) there is more than one Class CE Certificateholder or (b) any Class of Certificates in addition to the Class CE Certificates is recharacterized as an equity interest in the Net WAC Rate Carryover Reserve Account for federal income tax purposes, in which case it is the intention of the parties hereto that, for federal and state income and state and local franchise tax purposes, the Supplemental Interest Trust be treated as a grantor trust. All amounts deposited into the Net WAC Rate Carryover Reserve Account shall be treated as amounts distributed by REMIC III to the Holder of the Class CE Interest and by REMIC IV to the Holder of the Class CE Certificates. The Net WAC Rate Carryover Reserve Account will be an “outside reserve fund” within the meaning of Treasury Regulation Section 1.860G-2(h). Upon the termination of the Trust, or the payment in full of the Class A and the Mezzanine Certificates, all amounts remaining on deposit in the Net WAC Rate Carryover Reserve Account will be released by the Trust and distributed to the Seller or its designee. The Net WAC Rate Carryover Reserve Account will be part of the Trust but not part of any REMIC and any payments to the Holders of the Class A and the Mezzanine Certificates of Net WAC Rate Carryover Amounts will not be payments with respect to a “regular interest” in a REMIC within the meaning of Code Section 860(G)(a)(1). By accepting a Class CE Certificate, each Class CE Certificateholder hereby agrees to direct the Trust Administrator, and the Trust Administrator hereby is directed, to deposit into the Net WAC Rate Carryover Reserve Account the amounts described above on each Distribution Date as to which there is any Net WAC Rate Carryover Amount rather than distributing such amounts to the Class CE Certificateholders. By accepting a Class CE Certificate, each Class CE Certificateholder further agrees that such direction is given for good and valuable consideration, the receipt and sufficiency of which is acknowledged by such acceptance. Amounts on deposit in the Net WAC Rate Carryover Reserve Account shall remain uninvested.

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

Time is Money Join Law Insider Premium to draft better contracts faster.