Group 2 Overcollateralization Target Amount. With respect to any Distribution Date (1) prior to the Group 2 Stepdown Date, 4.25% of the aggregate Stated Principal Balance of the Group 2 Mortgage Loans as of the Cut-off Date, (2) on or after the Group 2 Stepdown Date provided a Group 2 Trigger Event is not in effect, the greater of (x) 8.50% of the Pool 2 Principal Balance and (y) the Group 2 Overcollateralization Floor, and (3) on or after the Group 2 Stepdown Date if a Group 2 Trigger Event is in effect, the Group 2 Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group 2 Overcollateralization Target Amount. With respect to any Payment Date, (i) on or before the Payment Date occurring in September 2004, approximately zero, or (ii) with respect to any Payment Date thereafter, 0.50% of the Group 2 Cut-off Date Balance and the Group 2 Original Pre-Funded Amount; provided, that if the aggregate Bond Principal Balance of the Group 1 Bonds has been reduced to zero, the Group 2 Overcollateralization Target Amount will be 0.50% of the sum of the Group 1 Cut-off Date Balance, Group 2 Cut-off Date Balance, the Group 1 Original Pre- Funded Amount and the Group 2 Original Pre-Funded Amount.
Group 2 Overcollateralization Target Amount. With respect to any ----------------------------------------------- Payment Date, 0.35% of the Group 2 Cut-off Date Balance; provided, that if the aggregate Bond Principal Balance of the Group 2 Bonds has been reduced to zero, the Group 2 Overcollateralization Target Amount will be 0.35% of the sum of the Group 1 Cut-off Date Balance and Group 2 Cut-off Date Balance.
More Definitions of Group 2 Overcollateralization Target Amount
Group 2 Overcollateralization Target Amount. With respect to any Distribution Date prior to the Group 2 Stepdown Date, [6.25]% of the Group 2 Cut-off Date Balance. With respect to any Distribution Date on or after the Group 2 Stepdown Date, the greater of (x) [12.50]% of the aggregate Stated Principal Balance of the Group 2 Loans and (y) the Group 2 Overcollateralization Floor; provided, however, that if a Group 2 Trigger Event is in effect on any Distribution Date, the Group 2 Overcollateralization Target Amount will be equal to the Group 2 Overcollateralization Target Amount on the prior Distribution Date.
Group 2 Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group 2 Stepdown Date, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Group 2 Loans as of the Cut-off Date and (b) on or after the Group 2 Stepdown Date, the greater of (i) (x) for any Distribution Date on or after the Group 2 Stepdown Date but prior to the Distribution Date in May 2013, an amount equal to 1.25% of the aggregate Stated Principal Balance of the Group 2 Loans as of the Due Date in the month of that Distribution Date (after giving effect to principal prepayments received in the related Prepayment Period) and (y) for any Distribution Date on or after the Group 2 Stepdown Date and on or after the Distribution Date in May 2013, an amount equal to 1.00% of the aggregate Stated Principal Balance of the Group 2 Loans as of the Due Date in the month of that Distribution Date (after giving effect to principal prepayments received in the related Prepayment Period) and (ii) the OC Floor for Loan Group 2; provided, however, that if a Group 2 Trigger Event is in effect on any Distribution Date, the Group 2 Overcollateralization Target Amount will be the Group 2 Overcollateralization Target Amount as in effect for the prior Distribution Date.
Group 2 Overcollateralization Target Amount. With respect to any Payment Date prior to the Group 2 Stepdown Date, 3.75% of the Group 2 Cut-off Date Balance. With respect to any Payment Date on or after the Group 2 Stepdown Date, the greater of (i) 7.50% of the aggregate Stated Principal Balance of the Group 2 Loans as of the end of the related Due Period, and (ii) 0.50% of the Group 2 Cut-off Date Balance; provided however, that on or after the Group 2 Stepdown Date, if a Group 2 Trigger Event is in effect, the Group 2 Overcollateralization Target Amount will be equal to such amount on the previous Payment Date.
Group 2 Overcollateralization Target Amount. With respect to any Payment Date prior to the Group 2 Stepdown Date, 12.50% of the Group 2 Cut-off Date Balance. With respect to any Payment Date on or after the Group 2 Stepdown Date, the greatest of (i) 25.00% of the aggregate Stated Principal Balance of the Group 2 Loans as of the end of the related Due Period, (ii) 0.50% of the Group 2 Cut-off Date Balance, and (iii) two times the excess of (1) 50% of the aggregate Stated Principal Balance of the Group 2 Loans 90 or more days delinquent (including for this purpose any such Mortgage Loans in bankruptcy or foreclosure and Mortgage Loans with respect to which the related Mortgaged Property has been acquired by the Trust) as of the end of the related Due Period over (2) four times the related Net Monthly Excess Cashflow for the Group 2 Loans for such Payment Date (calculated without regard to the related Overcollateralization Release Amount); provided however, than on or after the Group 2 Stepdown Date, if a Trigger Event for the Group 2 Loans is in effect, the Group 2 Overcollateralization Target Amount will be equal to such amount on the previous Payment Date.
Group 2 Overcollateralization Target Amount. With respect to any Payment Date prior to the Group 2 Stepdown Date or on or after the Group 2 Stepdown Date for which a Trigger Event for the Group 2 Loans is in effect, 7.45% of the Group 2 Cut-off Date Balance. With respect to any Payment Date on or after the Group 2 Stepdown Date, provided that a Trigger Event for the Group 2 Loans is not in effect, the greatest of (i) 14.90% of the aggregate Stated Principal Balance of the Group 2 Loans as of the end of the related Due Period and (ii) 0.50% of the Group 2 Cut-off Date Balance.
Group 2 Overcollateralization Target Amount. With respect to any Payment Date, (a) prior to the Group 2 Stepdown Date, 1.80% of the aggregate Scheduled Principal Balance of the Group 2 Loans as of the Cut-off Date, (b) on or after the Group 2 Stepdown Date and if a Group 2 Trigger Event is not in effect, the greater of (i) 3.60% of the then current aggregate Scheduled Principal Balance of the Group 2 Loans as of the last day of the related Due Period and (ii) the related Overcollateralization Floor; provided, however, that if a Group 2 Trigger Event is in effect, the Group 2 Overcollateralization Target Amount will be an amount equal to the Group 2 Overcollateralization Target Amount for the immediately preceding Payment Date.
Group 2 Overcollateralization Target Amount means with respect to any Distribution Date (a) prior to the Group 2 Stepdown Date, an amount equal to 0.55% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 2 as of the cut‐off date and (b) on or after the Group 2 Stepdown Date, the greater of (i) (x) for any Distribution Date on or after the Group 2 Stepdown Date but prior to the Distribution Date in November 2011 an amount equal to 1.375% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 2 as of the Due Date in the month of that Distribution Date (after giving effect to principal prepayments received in the related Prepayment Period) and (y) for any Distribution Date on or after the Group 2 Stepdown Date and on or after the Distribution Date in November 2011, an amount equal to 1.10% of the aggregate Stated Principal Balance of the Mortgage Loans in Loan Group 2 as of the Due Date in the month of that Distribution Date (after giving effect to principal prepayments received in the related Prepayment Period) and (ii) the Group 2 OC Floor; provided, however, that if a Group 2 Trigger Event is in