Common use of Targeted Overcollateralization Amount Clause in Contracts

Targeted Overcollateralization Amount. As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) 1.65% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class B Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) 1.65% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class B Early Distribution Amount and (ii) the greater of (A) the excess of (I) 8.80% of the Pool Principal Balance as of the last day of the related Due Period over (II) the excess of (x) the sum of the Class Certificate Balances of the Class B-1, Class B-2 and Class B-3 Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on all prior Distribution Dates and (B) 0.50% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on the immediately preceding Distribution Date pursuant to clauses (xxxiii), (xxxiv) and (xxxv) of Section 4.02(d).

Targeted Overcollateralization Amount. As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) 1.651.20% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class B Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) 1.651.20% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class B Early Distribution Amount and (ii) the greater of (A) the excess of (I) 8.8011.40% of the Pool Principal Balance as of the last day of the related Due Period over (II) the excess of (x) the sum of the Class Certificate Balances of the Class B-1, Class B-2 and Class B-3 Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on all prior Distribution Dates and (B) 0.50% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Aggregate Class B-1, Class B-2 and Class B-3 Certificates B Early Distribution Amount on the immediately preceding Distribution Date pursuant to clauses (xxxiii), (xxxiv) and (xxxv) of Section 4.02(dDate).

Targeted Overcollateralization Amount. As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) 1.651.70% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class B Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) 1.651.70% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class B Early Distribution Amount and (ii) the greater of (A) the excess of (I) 8.8013.30% of the Pool Principal Balance as of the last day of the related Due Period over (II) the excess of (x) the sum of the Class Certificate Balances of the Class B-1, Class B-2 and Class B-3 Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on all prior Distribution Dates and (B) 0.50% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on the immediately preceding Distribution Date pursuant to clauses (xxxiiixxxii), (xxxivxxxiii) and (xxxvxxxiv) of Section 4.02(d)).

Targeted Overcollateralization Amount. As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) 1.651.25% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class B Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) 1.651.25% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class B Early Distribution Amount and (ii) the greater of (A) the excess of (I1) 8.8013.40% of the Pool Principal Balance as of the last day of the related Due Period over (II2) the excess of (x) the sum of the Class Certificate Balances of the Class B-1, Class B-2 and Class B-3 Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on all prior Distribution Dates and (B) 0.50% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Aggregate Class B-1, Class B-2 and Class B-3 Certificates B Early Distribution Amount on the immediately preceding Distribution Date pursuant to clauses (xxxiii), (xxxiv) and (xxxv) of Section 4.02(dDate).

Targeted Overcollateralization Amount. As of any Distribution Date, (a) prior to the Stepdown Date, the sum of (i) 1.651.40% of the Cut-off Date Pool Principal Balance and (ii) the Aggregate Class B Early Distribution Amount, and (b) on and after the Stepdown Date, the lesser of (i) the sum of (A) 1.651.40% of the Cut-off Date Pool Principal Balance and (B) the Aggregate Class B Early Distribution Amount and (ii) the greater of (A) the excess of (I1) 8.8013.90% of the Pool Principal Balance as of the last day of the related Due Period over (II2) the excess of (x) the sum of the Class Certificate Balances of the Class B-1, Class B-2 and Class B-3 Certificates as of the Closing Date over (y) the aggregate of distributions made in respect of principal to the Class B-1, Class B-2 and Class B-3 Certificates on all prior Distribution Dates and (B) 0.50% of the Cut-off Date Pool Principal Balance. With respect to any Distribution Date on which a Trigger Event is in effect, the Targeted Overcollateralization Amount will be equal to the Targeted Overcollateralization Amount for the immediately preceding Distribution Date (after taking into account any distributions made in respect of principal to the Aggregate Class B-1, Class B-2 and Class B-3 Certificates B Early Distribution Amount on the immediately preceding Distribution Date pursuant to clauses (xxxiii), (xxxiv) and (xxxv) of Section 4.02(dDate).