Collateral Amount Percentage definition
Collateral Amount Percentage means the amount set forth in the Confirmation which, in any event, (i) shall not be less than 105% in determining whether a Market Value Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof and (ii) shall not be less than 107% in determining whether a Securitization Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof.
Collateral Amount Percentage means the amount set forth in the related Confirmation with respect to each Mortgage Loan which, (1) in determining whether a Market Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the second column below and (2) in determining whether a Securitization Value Collateral Deficit exists pursuant to the third sentence of Section 4(a) hereof shall, for each type of Mortgage Loan set forth in the first column below, equal the applicable percentage set forth in the third column below.
Collateral Amount Percentage means the amount set forth in the Confirmation which, in any event, shall not be less than 105% for Purchased Student Loans.
Examples of Collateral Amount Percentage in a sentence
Such Confirmation shall describe ------------ the Purchased Mortgage Loans, identify Buyer and Seller and set forth (i) the Purchase Date, (ii) the Purchase Price, (iii) the Repurchase Date, unless the Transaction is to be terminable on demand, (iv) the Pricing Rate applicable to the Transaction, (v) the applicable Collateral Amount Percentage with respect to the calculation of Market Value and (vi) additional terms or conditions not inconsistent with this Agreement.
Upon such payment, the Class A Collateral Amount shall decrease by an amount equal to the principal amount of the interest conveyed, and the Excess Collateral Amount shall automatically decrease to an amount so that the Excess Collateral Amount (after such decrease) shall equal the Required Excess Collateral Amount Percentage of the Collateral Amount (after such decrease).
I-1 Collateral Amount Percentage with respect to Market Value for Loans arising under Student Loan Contracts Names and addresses for communications: Buyer: ▇▇▇▇▇▇ Brothers Bank, FSB ▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇ ▇▇▇▇▇ or ▇▇▇▇ ▇▇▇▇▇▇▇ With a copy to: ▇▇▇▇▇▇ Brothers Bank, FSB ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attention: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ or ▇▇▇▇▇▇ ▇▇▇▇▇ or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Seller: Academic Management Services Corp.
More Definitions of Collateral Amount Percentage
Collateral Amount Percentage means the amount set forth in the Confirmation which, in any event, (i) shall not be less than 103% with respect to Home Equity Loans in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof, (ii) (a) shall not be less than 110% with respect to Insured Home Improvement Loans in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof, (b) shall not be less than 115% with respect to Uninsured Home Improvement Loans in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4( a) hereof, (iii) shall not be less than 110% with respect to loans arising under Retail Installment Contracts in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof, (iv) shall not be less than 115% with respect to High LTV Home Equity Loans in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a)hereof; (v) shall not be less than 105% with respect to Manufactured Housing Contracts in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof; provided however, that such amount shall not be less than 250% with respect to Excess Repo Refi Contracts in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof, (vi) shall not be less than 143% with respect to Vehicle Leases in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof, (vii) shall not be less. than 161 % with respect to Floor Plan Assets in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof and (viii) shall not be less than 110% with respect to HELOCs in determining whether a Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof.
Collateral Amount Percentage shall be 105% with respect to the calculation of Market Value or 105% with respect to the calculation of Securitization Value.
Collateral Amount Percentage means the amount set forth in the
Collateral Amount Percentage means (i) with respect to each Eligible Asset (other than Collateralized Notes) (A) for the period from the date of this Agreement until August 23, 1999, the percentage specified by the Buyer in its sole discretion and (B) from and after August 23, 1999, 95%, (ii) with respect to each Fallout Asset, the percentage applicable to such Asset that is specified in Schedule 4 attached hereto, (iii) with respect to Collateralized Notes, the percentage specified by the Buyer, if Buyer approves such Assets for purchase hereunder, and (iv) with respect to all other Assets, the percentage specified in writing by Buyer, if Buyer approves such Assets for purchase hereunder; provided, however, that (A) each of the following categories of Assets set forth below as a percentage of all Assets subject to Transactions hereunder shall not exceed the applicable sublimits set forth below and (B):
Collateral Amount Percentage means the amount set forth in the Confirmation which, in any event, (i) shall not be less than (x) [confidential information omitted and filed separately with SEC] with respect to the Mortgage Loans in determining whether a Market Value Collateral Deficit exists pursuant to the first sentence of Section 4(a) hereof; provided however that with Confidential Treatment Requested - Edited Copies respect to Mortgage Loans that are greater than 30 days Delinquent, such percentage shall be at least [confidential information omitted and filed separately with SEC]. and (ii) shall not be less than [confidential information omitted and filed separately with SEC] with respect to all Mortgage Loans in determining whether a Securitization Value Collateral Deficit exists pursuant to the second sentence of Section 4(a) hereof.
Collateral Amount Percentage set forth in Section 2 of the Repurchase Agreement is hereby amended and restated in its entirety as follows:
Collateral Amount Percentage means, with respect to Non-Conforming Residential Mortgage Loans, 97%, and (ii) with respect to Commercial Mortgage Loans, 90%.