Required Overcollateralization Amount. 1.00% of the Overcollateralization Target Amount.
Required Overcollateralization Amount. 37- Reserve Fund.................................................-37- Reserve Interest Rate........................................-37- Residential Dwelling.........................................-37- Residual Certificate.........................................-37- Residual Interest............................................-37- Responsible Officer..........................................-37- S&P .........................................................-38- Scheduled Principal Balance..................................-38- Seller ......................................................-38- Senior Interest Distribution Amount..........................-38- Servicer ....................................................-39- Servicer Remittance Date.....................................-39- Servicing Advances...........................................-39- Servicing Agreement..........................................-39- Servicing Fee................................................-39- Servicing Fee Rate...........................................-39- Servicing Officer............................................-39- Single Certificate...........................................-39- SouthStar....................................................-39- Startup Day..................................................-39- Stated Principal Balance.....................................-39- Stayed Funds.................................................-40- Stepdown Date................................................-40- Substitution Shortfall Amount................................-40- Tax Returns..................................................-40- Telerate Page 3750...........................................-41-
Required Overcollateralization Amount. 1% of the Required Overcollateralization Amount.
Required Overcollateralization Amount. 45- Reserve Fund........................................-45- Reserve Interest Rate...............................-45-
Required Overcollateralization Amount. 0.50% of the Group II Overcollateralization Target Amount.
Required Overcollateralization Amount. 41- Reserve Fund............................................. -41- Reserve Interest Rate.................................... -41- Residential Dwelling..................................... -42- Residual Certificate..................................... -42- Residual Interest........................................ -42- Responsible Officer...................................... -42- S&P...................................................... -42- Scheduled Principal Balance.............................. -42- Securities Administrator................................. -43- Seller................................................... -43-
Required Overcollateralization Amount. Notwithstanding the foregoing, (I) on any Distribution Date prior to the Stepdown Date on which the Certificate Principal Balance of each Class of Class A Certificates and Class M Certificates has been reduced to zero, the Class B-1 Principal Distribution Amount will equal the lesser of (x) the outstanding Certificate Principal Balance of the Class B-1 Certificates and (y) 100% of the Principal Distribution Amount remaining after any distributions on such Class A and Class M Certificates and (II) in no event will the Class B-1 Principal Distribution Amount with respect to any Distribution Date exceed the Class B-1 Certificate Principal Balance.
Required Overcollateralization Amount. 37- REMIC III...........................................................-37
Required Overcollateralization Amount. As to any Payment Date prior to the Payment Date in (___________), the Required Overcollateralization Percentage of the greater of (i) the Pool Balance as of the Cut-off Date and (ii) the Maximum Pool Balance as of the end of the Related Collection Period (the "Initial Required Overcollateralization Amount"). As to any Payment Date on or after the Payment Date in (_______), the greater of (A) the lesser of (x) the Initial Required Overcollateralization Amount and (y) (___)% of the Pool Balance as of the end of the related Collection Period and (B) (___)% of the greater of (i) the Pool Balance as of the Cut-off Date and (ii) the Maximum Pool Balance; Any scheduled reduction to the Required Overcollateralization Amount described above shall not be made as of any Payment Date unless (i) the outstanding Principal Balance of the Mortgage Loans delinquent __ days or more averaged over the last 12 months as a percentage of the aggregate outstanding Principal Balance of all Mortgage Loans averaged over the last 12 months does not exceed (____)% (or if the Pool Balance is less than (___)% of the Maximum Pool Balance, (___)%) and (ii) aggregate Liquidated Loss Amounts on the Mortgage Loans to date for such Payment Date occurring during the first two years after the Closing Date or occurring during the ___, ___, ___, or ___ year (or any year thereafter) after the Closing Date, are less than (___), (___), (____), (___) or (___)% respectively, of the Maximum Pool Balance and (iii) there has been no draw on the Credit Enhancement Instrument. The Required Overcollateralization Amount may be reduced with the prior written consent of the Credit Enhancer and the Rating Agencies.)
Required Overcollateralization Amount. 0.50% of the required Overcollateralization Amount. REMIC 1 Sub WAC Allocation Percentage: 50% of any amount payable or loss attributable from the Mortgage Loans, which shall be allocated to REMIC 1 Regular Interest I-SUB, REMIC 1 Regular Interest I-GRP, REMIC 1 Regular Interest II-SUB, REMIC 1 Regular Interest II-GRP and REMIC 1 Regular Interest XX.
