Overcollateralization Floor definition

Overcollateralization Floor. With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. An amount equal to the product of 0.50% and the Cut-off Date Balance.

Overcollateralization Floor. With respect to the Group I Certificates, $1,433,019, with respect to the Group II Certificates, $1,717,207 and with respect to the Mezzanine Certificates, $3,150,226.

Examples of Overcollateralization Floor in a sentence

• Overcollateralization Floor: 0.50% of the aggregate principal balance of the mortgage loans as of the Cut-Off Date.

• Overcollateralization: Overcollateralization will be fully-funded at [1.40%] of the aggregate original principal balance of the mortgage loans, stepping down on the Stepdown Date, provided a Trigger Event is not in effect, to [2.80%] of the aggregate outstanding principal balance of the mortgage loans, subject to the Overcollateralization Floor.

• Overcollateralization Floor: With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

• OVERCOLLATERALIZATION FLOOR: The "Overcollateralization Floor" for each Payment Date means (a) 2.5% of the Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to that Payment Date, minus (c) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on account of that Payment Date.

• With respect to any Payment Date on or after the Stepdown Date, the greater of (a) 6.00% of the aggregate Stated Principal Balance of the Mortgage Loans in respect of such Payment Date and (b) the Overcollateralization Floor; provided, however, that if a Trigger Event is in effect on any Payment Date, the Overcollateralization Target Amount will be equal to the Overcollateralization Target Amount on the prior Payment Date.

More Definitions of Overcollateralization Floor

Overcollateralization Floor. As to either Loan Group, an amount equal to 0.50% of the aggregate Stated Principal Balance of the related Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. With respect to the Certificates, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

Overcollateralization Floor. An amount equal to 0.50% of the Cut-off Date Balance which is $4,239,625.85.

Overcollateralization Floor. $4,050,499.14

Overcollateralization Floor. With respect to (i) the Class A-1 Certificates, $2,454,000, (ii) the Group II Certificates, $2,546,000 and (iii) the Mezzanine Certificates, $5,000,000.

Overcollateralization Floor. An amount equal to 0.50% of the initial Pool Balance.

Overcollateralization Floor. With respect to the Group I Senior Principal Distribution Amount, $3,534,068.25. With respect to the Group II Senior Principal Distribution Amount, $3,215,931.75. With respect to each of the Class M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal Distribution Amount, the Class M-7 Principal Distribution Amount, the Class M-8 Principal Distribution Amount, the Class M-9 Principal Distribution Amount, the Class M-10 Principal Distribution Amount and the Class B Principal Distribution Amount, $6,750,000.