Interim Overcollateralization Deficiency Clause Samples
The Interim Overcollateralization Deficiency clause defines the situation in which the collateral posted by a party temporarily falls below the required threshold during the life of a financial transaction. This clause typically outlines the process for identifying such deficiencies, the timeframe within which the shortfall must be remedied, and the consequences of failing to do so, such as triggering additional margin calls or potential default events. Its core practical function is to ensure that the secured party remains adequately protected against credit risk by requiring prompt correction of any collateral shortfall, thereby maintaining the integrity and security of the transaction.
Interim Overcollateralization Deficiency. As to any Payment Date, the excess, if any, of (x) the Targeted Overcollateralization Amount for such Payment Date over (y) the Interim Overcollateralization Amount for such Payment Date. Issuer: HSBC Home Equity Loan Trust (USA) 200 - . LIBOR: The per annum rate established by the Administrator in accordance with Section 5.02.
Interim Overcollateralization Deficiency. As to any Payment Date, the excess, if any, of (x) the Targeted Overcollateralization Amount for such Payment Date over (y) the Interim Overcollateralization Amount for such Payment Date. Issuer: Household Mortgage Loan Trust 2004-HC1.
Interim Overcollateralization Deficiency. As to any Distribution Date, the excess, if any, of (x) the Targeted Overcollateralization Amount over (y) the Interim Overcollateralization Amount.
Interim Overcollateralization Deficiency. As to any Payment Date, the excess, if any, of (x) the Group 2 Targeted Overcollateralization Amount over (y) the Group 2 Interim Overcollateralization Amount.
Interim Overcollateralization Deficiency. ▇▇▇▇▇▇ ▇▇▇: ▇▇▇▇▇▇ ▇▇▇, formerly known as The Federal National Mortgage Association, or any successor thereto.