Up Overcollateralization Amount Clause Samples

Up Overcollateralization Amount. If the aggregate Cumulative Loss Amounts as a percentage of the Initial Pool Balance exceed the following percentages on the specified Payment Dates, 1st – 12th 1.50% of original principal balance plus 1/12 of 0.75% for each month thereafter 13th – 24th 2.25% of original principal balance plus 1/12 of 0.50% for each month thereafter 25th – 36th 2.75% of original principal balance plus 1/12 of 0.50% for each month thereafter 37th – 48th 3.25% of original principal balance plus 1/12 of 0.50% for each month thereafter 49th 3.75% of original principal balance plus 1/12 of 0.50% for each month thereafter the Step-Up Overcollateralization Amount will equal (a) prior to the Stepdown Date, 6.00% of the Cut-Off Date Principal Balance and (b) on or after the Stepdown Date, the lesser of (x) 6.00% of the Cut-Off Date Principal Balance and (y) 12.00% of the Pool Balance as of the beginning of the related Collection Period, but not lower than 0.50% of the Cut-Off Date Principal Balance; and otherwise, zero. Subcontractor: Any vendor, subcontractor or other Person that is not responsible for the overall servicing (as “servicing” is commonly understood by participants in the mortgage-backed securities market) of the Loans but performs one or more discrete material servicing functions required to be performed under this Agreement or any subservicing agreement, as identified in Item 1122(d) of Regulation AB with respect to the Loans under the direction or authority of the Servicer, the Indenture Trustee or a Custodian.

Up Overcollateralization Amount. If aggregate cumulative Liquidation Loss Amounts as a percentage of the Original Bond Principal Balance exceed the following percentages on the specified Payment Dates, Payment Dates Percentage -------------- ---------- 1st - ___th ____% ___th - ___th ____% ___th - ___th ____% ___th - ___th ____% ___th + ____% the Step-Up Overcollateralization Amount will equal (a) ____% of the Original Bond Principal Balance, prior to the 31st Payment Date and (b) on or after the 31st Payment Date, the lesser of (x) ____% of the Original Bond Principal Balance and (y) ____% of the Pool Balance as of current Payment Date. Otherwise, the Step-Up Overcollateralization Amount is zero.

Up Overcollateralization Amount. If the aggregate Cumulative Loss Amounts as a percentage of the Initial Pool Balance exceed the following percentages on the specified Payment Dates, [ ]st – [ ]th [ ]% of original principal balance plus 1/12 of [ ]% for each month thereafter [ ]th – [ ]th [ ]% of original principal balance plus 1/12 of [ ]% for each month thereafter [ ]th – [ ]th [ ]% of original principal balance plus 1/12 of [ ]% for each month thereafter [ ]th – [ ]th [ ]% of original principal balance plus 1/12 of [ ]% for each month thereafter the Step-Up Overcollateralization Amount will equal (a) prior to the Stepdown Date, [ ]% of the Cut-Off Date Principal Balance and (b) on or after the Stepdown Date, the lesser of (x) [ ]% of the Cut-Off Date Principal Balance and (y) [ ]% of the Pool Balance as of the beginning of the related Collection Period, but not lower than [ ]% of the Cut-Off Date Principal Balance; and otherwise, zero.