Group I Overcollateralization Floor. With respect to the Group I Loans, an amount equal to the product of (a) 0.50% and (b) the Group I Cut-off Date Balance.
Group I Overcollateralization Floor. With respect to the Group I Certificates, $2,363,639.66.
Group I Overcollateralization Floor. With respect to the Group I Certificates, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date.
Examples of Group I Overcollateralization Floor in a sentence
With respect to any distribution on or after the Group I Stepdown Date, the Group I Required Overcollateralization Amount will equal the lesser of (a) the initial Group I Required Overcollateralization Amount and (b) 4.00% of the aggregate principal balance of the Group I Loans, subject to the Group I Overcollateralization Floor and to the satisfaction of certain conditions specified in the indenture.
More Definitions of Group I Overcollateralization Floor
Group I Overcollateralization Floor. An amount equal to 0.50% of the aggregate Cut-off Date Loan Balances of the Group I Loans, or approximately $1,525,001.
Group I Overcollateralization Floor. With respect to any Distribution Date, the amount by which the aggregate unpaid principal balance of the Group I Mortgage Loans as of the last day of the related Collection Period exceeds the product of (i) 0.50% and (ii) the aggregate unpaid principal balance of the Group I Mortgage Loans on the Cut-off Date.
Group I Overcollateralization Floor. $6,890,000.
Group I Overcollateralization Floor. 0.50% of the aggregate Cut-off Date Principal Balance of the Group I Closing Date Mortgage Loans.
Group I Overcollateralization Floor. As of any Payment Date, the product of (a) $8,500,000 and (b) a fraction, the numerator of which is the Group I Loan Balance and the denomination of which is the Total Loan Balance.
Group I Overcollateralization Floor. With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date. Notwithstanding the foregoing, on and after any Distribution Date following the reduction of the aggregate Class Certificate Balance of the Group I Offered Certificates and Class I-B-1 Certificates to zero, the Group I Overcollateralization Floor shall be zero.
Group I Overcollateralization Floor. With respect to the Group I Certificates, [$----------------].