Excess Overcollateralization Amount definition

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount.

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date. Exchange Act: The Securities Exchange Act of 1934, as amended.

Examples of Excess Overcollateralization Amount in a sentence

• The amount distributable to the Class C Certificateholders to effect such a deceleration will be in an amount equal to the lesser of (x) the Excess Overcollateralization Amount and (y) the Principal Remittance Amount.

• Group I Overcollateralization Reduction Amount: With respect to any Distribution Date, to the extent the Group I Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Group I Overcollateralization Reduction Amount shall be equal to any amounts relating to principal which would otherwise be distributed to the holders of the Class A-I Certificates on such Distribution Date.

• Group II Overcollateralization Reduction Amount: With respect to any Distribution Date, to the extent the Group II Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Group II Overcollateralization Reduction Amount shall be equal to any amounts relating to principal which would otherwise be distributed to the holders of the Class A-II Certificates on such Distribution Date.

• Group I Excess Overcollateralization Amount: With respect to any Distribution Date, the excess, if any, of (a) the Group I Overcollateralization Amount on such Distribution Date over (b) the Group I Required Overcollateralization Amount.

• Overcollateralization Reduction Amount: With respect to any Distribution Date for which the Excess Overcollateralization Amount is, or would be, after taking into account all other distributions to be made on that Distribution Date, greater than zero, an amount equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount for that Distribution Date.

More Definitions of Excess Overcollateralization Amount

Excess Overcollateralization Amount. With respect to any Distribution Date, the lesser of (i) Principal Funds and (ii) the excess, if any, of the Overcollateralization Amount over the Specified Overcollateralization Amount, in each case for such Distribution Date.

Excess Overcollateralization Amount. As to any Payment Date, the lesser of (i) the Basic Principal Amount for such Payment Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is paid on the Offered Notes) over (y) the Required Overcollateralization Amount.

Excess Overcollateralization Amount. With respect to a Group and any Distribution Date, the lesser of (i) Principal Funds of the related Group and (ii) the excess, if any, of the related Overcollateralization Amount over the related Specified Overcollateralization Amount, in each case for such Group and Distribution Date.

Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount. Expense Fee Rate: The sum of the Servicing Fee Rate and the Trustee Fee Rate, which is 0.5250% per annum.

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date. Exchange Act: The Securities Exchange Act of 1934, as amended. Fannie Mae: Fannie Mae, a federally chartered xxx privatexx xxnxx corporation organized and existing under the Federal National Mortgage Association Charter Act, or any successor thereto.

Excess Overcollateralization Amount for a Class of Notes and Payment Date means the lesser of

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount (for purposes of this calculation only, assuming 100% of the Principal Remittance Amount is applied as a principal payment to the LIBOR Certificates on such Distribution Date, but before giving effect to any other distributions on the LIBOR Certificates in reduction of their respective Class Certificate Balances on such Distribution Date) on such Distribution Date over (b) the Overcollateralization Target Amount for such Distribution Date.