Excess Overcollateralization Amount. With respect to any Distribution Date, the lesser of (i) Principal Funds and (ii) the excess, if any, of the Overcollateralization Amount over the Specified Overcollateralization Amount, in each case for such Distribution Date.

Examples of Excess Overcollateralization Amount in a sentence

The Excess Overcollateralization Amount shall be allocated entirely to the Class II-Q Certificates until paid in full.
The dollar amount of any Excess Overcollateralization Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Transferor.
Format: Based on the readings and using the course materials you’ve studied up till that point, you’ll write a mini-essay that offers a critical response to a pre-given question.
Notwithstanding the above, principal payments on REMIC II Regular Interests that are attributable to an Excess Overcollateralization Amount shall be allocated to the Class II-Q REMIC II Regular Interests.
Class size is consistent with the requirements of good instruction and safety.[5 CCR §10060 (f)] (M) Action Item 89 NumberDescriptionResponsible Unit14 c.v.Discuss class size with Board and Superintendent.

More Definitions of Excess Overcollateralization Amount

Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Basic Principal Amount for that Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount.

Excess Overcollateralization Amount. As to any Distribution Date, the lesser of (i) the Aggregate Principal Amount for such Distribution Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Aggregate Principal Amount is distributed on the Offered Certificates) over (y) the Required Overcollateralization Amount. Expense Fee Rate: The sum of the Servicing Fee Rate and the Trustee Fee Rate, which is 0.5250% per annum.

Excess Overcollateralization Amount. With respect to any Payment Date, the excess, if any, of (x) the Overcollateralization Amount that would apply on such Payment Date after taking into account the payment of the Principal Payment Amount on such Payment Date (except for any distributions of Overcollateralization Reduction Amounts on such Payment Date), over (y) the Specified Overcollateralization Amount for such Payment Date.

Excess Overcollateralization Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date. Exchange Act: The Securities Exchange Act of 1934, as amended. Fannie Mae: Fannie Mae, a federally chartered and privately owned corpoxxxxxx oxxxnizxx xxx exxxting under the Federal National Mortgage Association Charter Act, or any successor thereto.

Excess Overcollateralization Amount. As to any Payment Date, the lesser of (i) the Basic Principal Amount for such Payment Date and (ii) the excess, if any, of (x) the Overcollateralization Amount (assuming 100% of the Basic Principal Amount is paid on the Offered Notes) over (y) the Required Overcollateralization Amount.

Excess Overcollateralization Amount. For any Distribution Date, the excess, if any, of the related Overcollateralization Amount on that Distribution Date over the related Overcollateralization Target Amount.

Excess Overcollateralization Amount for a Class of Notes and Payment Date means the lesser of