Common use of Targeted Overcollateralization Amount Clause in Contracts

Targeted Overcollateralization Amount. The Targeted Overcollateralization Amount shall equal (1) with respect to any Distribution Date prior to the Stepdown Date, 1.30% of the Aggregate Loan Balance as of the Cut-off Date; (2) with respect to any Distribution Date on or after the Stepdown Date and with respect to which a Trigger Event has not occurred, the greater of (a) 2.60% of the Aggregate Loan Balance for such Distribution Date, and (b) 0.50% of the Aggregate Loan Balance as of the Cut-off Date; and (3) with respect to any Distribution Date on or after the Stepdown Date with respect to which a Trigger Event has occurred and is continuing, the Targeted Overcollateralization Amount for the Distribution Date immediately preceding such Distribution Date.

Targeted Overcollateralization Amount. The Targeted Overcollateralization Amount shall equal (1) with respect to any Distribution Date prior to the Stepdown Date, 1.300.75% of the Aggregate Loan Group Balance as of the Cut-off Date; (2) with respect to any Distribution Date on or after the Stepdown Date and with respect to which a Trigger Event has not occurred, the greater of (a) 2.601.50% of the Aggregate Loan Group Balance for such Distribution Date, and (b) 0.50% of the Aggregate Loan Group Balance as of the Cut-off Date; and (3) with respect to any Distribution Date on or after the Stepdown Date with respect to which a Trigger Event has occurred and is continuing, the Targeted Overcollateralization Amount for the Distribution Date immediately preceding such Distribution Date.

Targeted Overcollateralization Amount. The Targeted Overcollateralization Amount shall equal (1) with respect to any Distribution Date prior to the Stepdown Date, 1.300.55% of the Aggregate Loan Group Balance as of the Cut-off Date; (2) with respect to any Distribution Date on or after the Stepdown Date and with respect to which a Trigger Event has not occurred, the greater of (a) 2.601.10% of the Aggregate Loan Group Balance for such Distribution Date, and (b) 0.50% of the Aggregate Loan Group Balance as of the Cut-off Date; and (3) with respect to any Distribution Date on or after the Stepdown Date with respect to which a Trigger Event has occurred and is continuing, the Targeted Overcollateralization Amount for the Distribution Date immediately preceding such Distribution Date.

Targeted Overcollateralization Amount. The Targeted Overcollateralization Amount shall equal (1) with respect to any Distribution Date prior to the Stepdown Date, 1.302.20% of the Aggregate Loan Group Balance as of the Cut-off Date; (2) with respect to any Distribution Date on or after the Stepdown Date and with respect to which a Trigger Event has not occurred, the greater of (a) 2.604.40% of the Aggregate Loan Group Balance for such Distribution Date, and (b) 0.50% of the Aggregate Loan Group Balance as of the Cut-off Date; and (3) with respect to any Distribution Date on or after the Stepdown Date with respect to which a Trigger Event has occurred and is continuing, the Targeted Overcollateralization Amount for the Distribution Date immediately preceding such Distribution Date.

Targeted Overcollateralization Amount. The Targeted Overcollateralization Amount shall equal (1) with respect to any Distribution Date prior to the Stepdown Date, 1.300.95% of the Aggregate Loan Group Balance as of the Cut-off Date; (2) with respect to any Distribution Date on or after the Stepdown Date and with respect to which a Trigger Event has not occurred, the greater of (a) 2.601.90% of the Aggregate Loan Group Balance for such Distribution Date, and (b) 0.50% of the Aggregate Loan Group Balance as of the Cut-off Date; and (3) with respect to any Distribution Date on or after the Stepdown Date with respect to which a Trigger Event has occurred and is continuing, the Targeted Overcollateralization Amount for the Distribution Date immediately preceding such Distribution Date.