Common use of Interim Overcollateralization Amount Clause in Contracts

Interim Overcollateralization Amount. As to any Payment Date, the excess, if any, of (x) the Pool Balance as of the last day of the related Collection Period over (y) (i) the aggregate Note Principal Amount of all Classes of Notes (before taking into account any payments of principal on such Payment Date) less (ii) the sum of (x) the Principal Collections for such Payment Date, (y) the Additional Principal Reduction Amount to be paid with respect to such Payment Date and (z) the Principal Carry Forward Amount for each Class of Notes to be paid with respect to such Payment Date.