Specified Overcollateralization Amount definition

Specified Overcollateralization Amount means for any Distribution Date, the greater of:

Specified Overcollateralization Amount means, with respect to any Distribution Date, the excess, if any, of (a) the Specified Credit Enhancement Amount over (b) the Specified Reserve Balance, each with respect to such Distribution Date.

Specified Overcollateralization Amount. As defined in the Insurance Agreement.

Examples of Specified Overcollateralization Amount in a sentence

• Principal Distribution Amount Class A Notes Outstanding$ 331,942,463.12 Pool Balance$ 468,531,728.39 First Priority Principal Distribution Amount$ 0.00 First Priority Principal Distribution Amount$ 0.00 Pool Balance$ 468,531,728.39 Specified Overcollateralization Amount$ 82,930,115.93 Regular Principal Distribution Amount$ 6,340,850.66 D.

• Principal Distribution Amount Class A Notes Outstanding$ 408,912,722.73 Pool Balance$ 561,409,023.69 First Priority Principal Distribution Amount$ 0.00 Notes Outstanding$ 480,912,722.73 First Priority Principal Distribution Amount$ 0.00 Pool Balance$ 561,409,023.69 Specified Overcollateralization Amount$ 95,439,534.03 Regular Principal Distribution Amount$ 14,943,233.07 D.

• Principal Distribution Amount Class A Notes Outstanding$ 325,601,612.46 Pool Balance$ 459,032,306.43 First Priority Principal Distribution Amount$ 0.00 First Priority Principal Distribution Amount$ 0.00 Pool Balance$ 459,032,306.43 Specified Overcollateralization Amount$ 81,248,718.24 Regular Principal Distribution Amount$ 7,818,024.27 D.

• Principal Distribution Amount Class A Notes Outstanding$ 391,935,933.50 Pool Balance$ 547,686,174.03 First Priority Principal Distribution Amount$ 0.00 Notes Outstanding$ 463,935,933.50 First Priority Principal Distribution Amount$ 0.00 Pool Balance$ 547,686,174.03 Specified Overcollateralization Amount$ 93,106,649.59 Regular Principal Distribution Amount$ 9,356,409.06 D.

• Principal Distribution Amount Class A Notes Outstanding$ 647,408,043.37 Pool Balance$ 710,894,101.87 First Priority Principal Distribution Amount$ 0.00 Notes Outstanding$ 691,608,043.37 First Priority Principal Distribution Amount$ 0.00 Pool Balance$ 710,894,101.87 Specified Overcollateralization Amount$ 39,099,175.60 Regular Principal Distribution Amount$ 19,813,117.10 D.

More Definitions of Specified Overcollateralization Amount

Specified Overcollateralization Amount means, as of any Distribution Date, 2.0% of the initial Asset Balance.

Specified Overcollateralization Amount. With respect to any Distribution Date, (i) prior to the Stepdown Date 3.50% of the Aggregate Principal Balance of the Mortgage Loans as of the Cut-Off Date or (ii) on or after the Stepdown Date 7.00% of the Aggregate Principal Balance of the Mortgage Loans as of the end of the related Due Period; provided, that the Specified Overcollateralization Amount shall never be less than the OC Floor.

Specified Overcollateralization Amount means, with respect to any Payment Date, the excess, if any, of (a) the Specified Credit Enhancement Amount over (b) the Specified Reserve Balance, each with respect to such Payment Date.

Specified Overcollateralization Amount means, with respect to any Distribution Date, an amount equal to 7.00% of the Adjusted Pool Balance.

Specified Overcollateralization Amount. As applicable, the Pool I Specified Overcollateralization Amount or the Pool II Specified Overcollateralization Amount. Sponsor: GreenPoint Mortgage Securities Inc. or its successors-in-interest.

Specified Overcollateralization Amount. With respect to any Distribution Date, (i) prior to the Stepdown Date 5.75% of the Maximum Pool Principal Balance or (ii) on or after the Stepdown Date 11.50% of the Current Pool Principal Balance for that Distribution Date; provided, that the Specified Overcollateralization Amount shall never be less than the OC Floor.

Specified Overcollateralization Amount. (as defined in the Insurance Agreement); provided, however, that no such change shall affect the weighted average life of the Notes (assuming an appropriate prepayment speed as determined by the Underwriters as evidenced in writing) by more than five percent, as determined by the Underwriters.