Group I Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Stepdown Date, 5.90% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date, (b) on or after the Group I Stepdown Date and if a Group I Trigger Event is not in effect, the greater of (i) the lesser of (1) 5.90% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date and (2) 11.80% of the then current aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Due Period) and (ii) the Group I Overcollateralization Floor or (c) on or after the Group I Stepdown Date and if a Group I Trigger Event is in effect, the Group I Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group I Overcollateralization Target Amount. With respect to Loan Group I and any Distribution Date, (i) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate principal balance of the Group I Mortgage Loans as of the Cut-off Date, (ii) on or after the related Stepdown Date provided a Group I Trigger Event is not in effect, the greater of (x) (1) prior to the Distribution Date in September 2012, 4.500% of the then current aggregate outstanding Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the Group I Mortgage Loans incurred during the related Due Period) and (2) on or after the Distribution Date in September 2012, 3.600% of the then current aggregate Outstanding Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses on the Group I Mortgage Loans incurred during the related Due Period) and (y) 0.50% of the aggregate principal balance of the Group I Mortgage Loans as of the Cut-Off Date ($ 3,473,702) or (iii) on or after the related Stepdown Date and if a Group I Trigger Event is in effect, the Group I Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group I Overcollateralization Target Amount. With respect to any Distribution Date, 0.90% of the aggregate Stated Principal Balance of the Mortgage Loan in Loan Group I as of the Cut-off Date.
Examples of Group I Overcollateralization Target Amount in a sentence
Any Excess Spread with respect to Loan Group I to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount shall be the Group I Extra Principal Distribution Amount and will be included as part of the related Principal Distribution Amount.
Any Group I Excess Spread to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount will be the Group I Extra Principal Distribution Amount and will be included as part of the Group I Principal Distribution Amount.
Any Excess Spread with respect to Loan Group I to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount shall be the Group I Extra Principal Distribution Amount and shall be included as part of the related Principal Distribution Amount.
Any Excess Spread for Loan Group I to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount will be the Group I Extra Principal Distribution Amount and will be included as part of the Principal Distribution Amount with respect to Loan Group I.
As of any Distribution Date, the lesser of (a) the excess, if any, of (i) the Group I Overcollateralization Target Amount over (ii) the Group I Overcollateralized Amount on such Distribution Date (after taking into account payments to the Group I Offered Certificates of the Group I Basic Principal Distribution Amount on such Distribution Date) and (b) the related Excess Spread for such Distribution Date.
More Definitions of Group I Overcollateralization Target Amount
Group I Overcollateralization Target Amount. With respect to any Distribution Date, $1,878,019.02.
Group I Overcollateralization Target Amount. With respect to any Distribution Date (i) prior to the Group I Stepdown Date, $17,225,000, (ii) on or after the Group I Stepdown Date provided a Group I Trigger Event is not in effect, the greater of (x) 2.50% of the aggregate Stated Principal Balance of the Group I Mortgage Loans on the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period and after giving effect to the distributions of principal to be made on such Distribution Date) and (y) the Group I Overcollateralization Floor, and (iii) on or after the Group I Stepdown Date if a Group I Trigger Event is in effect, the Group I Overcollateralization Target Amount for the immediately preceding Distribution Date. Notwithstanding the foregoing, the Group I Overcollateralization Target Amount shall never exceed the initial Group I Overcollateralization Target Amount.
Group I Overcollateralization Target Amount. With respect to any Payment Date and Loan Group I, 0.35% of the Group I Cut-off Date Balance.
Group I Overcollateralization Target Amount. For any Distribution Date (i) prior to the Group I Stepdown Date, $9,088,119; (ii) on or after the Group I Stepdown Date, provided that a Group I Trigger Event is not effect, the greater of (x) 3.50% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period and (y) $2,596,605; and (iii) on or after the Group I Stepdown Date, if a Group I Trigger Event is in effect, the Group I Overcollateralization Target Amount for the immediately preceding Distribution Date.
Group I Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group I Stepdown Date, 1.85% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date, (b) on or after the Group I Stepdown Date and if a Group I Trigger Event is not in effect, the greater of (i) the lesser of (1) 1.85% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date and (2) 3.70% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal
Group I Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group I Stepdown Date, an amount equal to 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group I as of the Cut-off Date and (b) on or after the Group I Stepdown Date, the greater of (i) (x) for any on or after the Group I Stepdown Date, but prior to the Distribution Date in March 2012, an amount equal to 1.25% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group I 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 I Stepdown Date and on or after the Distribution Date in March 2012, an amount equal to 1.00% of the aggregate Stated Principal Balance of the Mortgage Loans in Aggregate Loan Group I 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 I OC Floor; provided, however, that if a Group I Trigger Event is in effect on any Distribution Date, the Group I Overcollateralization Target Amount will be the Group I Overcollateralization Target Amount as in effect for the prior Distribution Date.
Group I Overcollateralization Target Amount. With respect to any Distribution Date (a) prior to the Group I Stepdown Date, an amount equal to 3.00% of the sum of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the Cut-off Date and the Group I Initial Deposit; (b) on or after the Group I Stepdown Date provided a Group I Trigger Event is not in effect, the greater of (i) 6.00% of the then current aggregate outstanding Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period and (ii) $3,367,741; and (c) on or after the Group I Stepdown Date and if a Group I Trigger Event is in effect, the Group I Overcollateralization Target Amount for the immediately preceding Distribution Date.