Common use of Overcollateralization Amount Clause in Contracts

Overcollateralization Amount. As of any Distribution Date, (a) the Pool Principal Balance as of the last day of the immediately preceding Due Period minus (b) the aggregate Class Certificate Balance of all Classes of Offered Certificates (after taking into account all distributions of principal on that Distribution Date).

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2007-A), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-D), Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-A)

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Overcollateralization Amount. As of any Distribution Date, the excess, if any, of (a) the Pool Principal Balance as of the last day of the immediately preceding Due Period minus over (b) the aggregate Class Certificate Balance of all Classes of Offered Certificates (after taking into account all distributions of principal on that Distribution Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equity One Mortgage Pass-Through Trust 2003-2)

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Overcollateralization Amount. As of any Distribution Date, (a) the Pool Aggregate Trust Fund Principal Balance as of the last day of the immediately preceding Due Period minus (b) the aggregate Class Certificate Balance of all Classes of Offered Certificates (after taking into account all distributions of principal on that Distribution Date).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2006-E)

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