Excess Overcollateralization Amount Clause Samples
The Excess Overcollateralization Amount clause defines the portion of collateral posted that exceeds the minimum required level under a financial agreement. In practice, this clause specifies how much additional collateral, beyond the standard threshold, must be maintained or can be released, often calculated based on the value of underlying assets or exposure. Its core function is to provide an extra buffer to protect parties against market fluctuations or credit risk, thereby enhancing the security of the transaction and reducing the likelihood of losses due to insufficient collateral.
Excess Overcollateralization Amount. For any Distribution Date, the excess of (a) the Overcollateralization Amount on such Distribution Date over (b) the Overcollateralization Target Amount for such Distribution Date.
Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Basic Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount.
Excess Overcollateralization Amount. (i) sequentially, to the Class M-1, Class M-2 and Class B-3 Certificates, in that order, an amount equal to the sum of (a) the related Class Interest Carryover Shortfall and (b) the related Class Principal Carryover Shortfall; and
(ii) to the Residual Certificates, any remaining interest. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in Certificate Group A will be distributed on an equal priority and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Excess Overcollateralization Amount. 16- (ii)
Excess Overcollateralization Amount. 16- Exchange Date..............................................................-16-