Caa Excess definition

Caa Excess means the excess, if any, by which the Aggregate Principal Balance of all Caa Underlying Assets exceeds 7.5% of the Maximum Investment Amount; provided that, in determining which of the Caa Underlying Assets shall be included in the Caa Excess, the Caa Underlying Assets with the lowest Current Market Value Percentage shall be deemed to constitute such Caa Excess.
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Caa Excess means the amount equal to the excess of the Principal Balance of all Caa Obligations over an amount equal to 10.0 per cent. of the Collateral Principal Amount as of any Measurement Date; provided that, in determining which of the Caa Obligations shall be included in the Caa Excess, the Caa Obligations with the lowest Market Value (assuming that such Market Value is expressed as a percentage of the Principal Balance of such Collateral Obligations as of such Measurement Date) shall be deemed to constitute such Caa Excess.
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Caa Excess means the excess, if any, by which the Aggregate Principal Balance of all Caa Collateral Obligations exceeds [7.5]% of the Maximum Investment Amount; provided that, in determining which of the Caa Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value Percentage shall be deemed to constitute such Caa Excess.
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Examples of Caa Excess in a sentence

  • Collateral Obligation included in the CCC Excess or the Caa Excess will be the Market Value of such Collateral Obligation; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security or Discount Obligation or is included in the CCC Excess or the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and (iii) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess will be the Market Value of such Collateral Obligation; provided, further, that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Obligation or Discount Obligation or is included in the CCC Excess or the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and (iii) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess will be the Market Value of such Collateral Obligation; provided, further, that the InvestmentCriteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Obligation or Discount Obligation or is included in the CCC Excess or the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and (iii) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess, as applicable, will be the Market Value of such Collateral Obligation; provided, further, that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring SecurityObligation or Discount Obligation or is included in the CCC Excess or the Caa Excess, as applicable, will be the lowest amount determined pursuant to clauses (a), (b) and (c) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess will be the Market Value of such Collateral Obligation; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Obligation or Discount Obligation or is included in the CCC Excess or the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and (iii) above.

  • Purchased Discount Obligation will be the outstanding principal amount of such Purchased Discount Obligation minus the Purchased Discount Obligation Haircut Amount; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security, Purchased Discount Obligation or Discount Obligation or is included in the Caa Excess will be the lowest amount determined pursuant to clauses (a), (b), (c) and (d) above.

  • Collateral Debt Obligation included in the Caa Excess will be the Market Value of such Collateral Debt Obligation; provided, further, that if more than one of the foregoing clauses (a), (b) or (c) is applicable with respect to any Collateral Debt Obligation, the Investment Criteria Adjusted Balance for such Collateral Debt Obligation will be the lowest amount determined pursuant to clauses (a), (b) or (c).

  • Caa Collateral Obligation included in the Caa Excess will be the Market Value of such Collateral Obligation; provided, further, that the Eligibility Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Obligation or Discount Obligation or is included in the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and(iii) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess will be the Market Value of such Collateral Obligation; provided further that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security or Discount Obligation oris included in the CCC Excess or the Caa Excess will be the lowest amount determined pursuant to clauses (i), (ii) and (iii) above.

  • Collateral Obligation included in the CCC Excess or the Caa Excess, as applicable, will be the Market Value of such Collateral Obligation; provided, further, that the Investment Criteria Adjusted Balance for any Collateral Obligation that satisfies more than one of the definitions of Deferring Security orObligation or Discount Obligation or is included in the CCC Excess or the Caa Excess, as applicable, will be the lowest amount determined pursuant to clauses (a), (b) and (c) above.


More Definitions of Caa Excess

Caa Excess. The amount equal to the excess, if any, of the Principal Balance of all Caa Collateral Obligations over an amount equal to 17.5% of the Collateral Principal Amount as of such date of determination; provided that, in determining which of the Caa Collateral Obligations shall be included in the Caa Excess, the Caa Collateral Obligations with the lowest Market Value (expressed as a percentage of the outstanding principal balance of such Collateral Obligations as of such date of determination) shall be deemed to constitute such Caa Excess.
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Caa Excess. The excess, if any, of (x) the Aggregate Principal Balance of all Collateral Obligations (other than Defaulted Obligations or Current Pay Obligations) with a rating not higher than “Caal” by Moody’s, over (y) 15% of the Collateral Principal Amount as of the current Determination Date; provided that in determining which of the Collateral Obligations shall be included in the Caa Excess, the Collateral Obligations with the lowest Market Value expressed as a percentage shall be deemed to constitute such Caa Excess.
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Caa Excess means, for any date of determination, an amount equal to the excess, if any, of the aggregate principal balance of all Caa Obligations as of such date over 7.5% of the Maximum Investment Amount (or the excess over such lesser percentage as determined by the Collateral Manager in its discretion).
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Related to Caa Excess

  • Excess Finance Charge Collections means collections of Finance Charge Receivables and certain other amounts allocable to the Certificateholders’ Interest of any Excess Allocation Series in excess of the amounts necessary to make required payments with respect to such series (including payments to the provider of any related Series Enhancement) that are payable out of collections of Finance Charge Receivables.

  • Insurance Proceeds With respect to each Mortgage Loan, proceeds of insurance policies insuring the Mortgage Loan or the related Mortgaged Property.