Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, 1.75% of the aggregate Certificate Principal Balance of the Group I Certificates as of the Startup Day and (y) on or after the Group I Stepdown Date, the greater of (A) 3.50% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period and (B) $1,750,000.
Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $11,130,000 and (y) on or after the Group I Stepdown Date, the greater of (i) (a) if no Group I Trigger Event is in effect, 5.30% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period or (b) if a Group I Trigger Event is in effect, $11,130,000 and (ii) $2,100,000.
Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $9,010,000 and (y) on or after the Group I Stepdown Date, the greater of (x) 5.30% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period and (y) $1,700,000.
Examples of Group I Targeted Overcollateralization Amount in a sentence
However, if a Group I Trigger Event has occurred on the related Distribution Date, the Group I Targeted Overcollateralization Amount shall be equal to the Group I Targeted Overcollateralization Amount for the previous Distribution Date (after taking into account any distributions of principal made with respect to the Class BF-1, Class BF-2 and Class BF-3 Certificates pursuant to clauses 6), 7) and 8) of "Group I Priority of Payments" on the prior Distribution Date).
More Definitions of Group I Targeted Overcollateralization Amount
Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, _______% of the aggregate Certificate Principal Balance of the Group I Certificates as of the Startup Day and (y) on or after the Group I Stepdown Date, the greater of (A) _______% of the aggregate outstanding Loan Balance of the Mortgage Loans in Group I as of the last day of the related Remittance Period and (B) $__________.
Group I Targeted Overcollateralization Amount. As of any Payment Date, (w) on or prior to the sixth Payment Date, zero, (x) after the sixth Payment Date, but prior to the Stepdown Date, 1.3% of the Original Group I Loan Balance, (y) on and after the Stepdown Date (A) if neither a Delinquency Trigger Event nor a Cumulative Realized Loss Trigger Event is in effect, the greater of (I) 2.795% of the Group I Loan Balance and (II) the Group I Overcollateralization Floor or (B) if a Delinquency Trigger Event is in effect but a Cumulative Realized Loss Trigger Event is not in effect, the Group I Targeted Overcollateralization Amount for such Payment Date shall be equal to the Group I Targeted Overcollateralization Amount for the immediately preceding Payment Date and (z) if at any time a Cumulative Realized Loss Trigger Event is in effect (whether or not a Delinquency Trigger Event is in effect), the product of (I) a fraction, the numerator of which is $36,380,000 and the denominator of which is the Total Loan Balance and (II) the Group I Loan Balance.
Group I Targeted Overcollateralization Amount. As of any Payment Date with respect to the Group I Notes, (x) prior to the Group I Stepdown Date, 1.50% of the initial Principal Balance of the Group I Mortgage Loans and (y) on and after the Group I Stepdown Date, the lesser of (i) 1.50% of the initial Principal Balance of the Group I Mortgage Loans and (ii) the greater of (A) 3.00% of the Principal Balance of the Group I Mortgage Loans as of the last day of the related Collection Period and (B) 0.50% of the initial Principal Balance of the Group I Mortgage Loans.
Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, 2.50% of the Group I Original Pool Balance and (y) on or after the Group I Stepdown Date, (a) if neither a Group I Delinquency Trigger Event nor a Group I Cumulative Realized Loss Trigger Event is in effect, the greater of (i) 5.00% of the aggregate outstanding Principal Balance of the Group I Mortgage Loans as of the last day of the related Remittance Period and (ii) $2,500,000 or (b) if a Group I Delinquency Trigger Event is in effect, whether or not a Group I Cumulative Realized Loss Trigger Event is also in effect, the Targeted Overcollateralization Amount shall be equal to the product of (i) 2.50% and (ii) the Group I Original Pool Balance or (c) if a Group I Cumulative Realized Loss Trigger Event is in effect (if a Group I Delinquency Trigger Event is not in effect), the Targeted
Group I Targeted Overcollateralization Amount. As of any Payment Date means:
Group I Targeted Overcollateralization Amount. On any Payment Date (x) prior to the Group I Stepdown Date, $9,450,000 and (y) on or after the Group I Stepdown Date (A) if a Group I Trigger Event is not in effect, the greater of (x) 2% of the aggregate outstanding Loan Balance of the Home Equity Loans in Group I as of the last day of the related Remittance Period and (y) $4,725,000 or (B) if a Group I Trigger Event is in effect, the Group I Targeted Overcollateralization Amount will be equal to the Group I Targeted Overcollateralization Amount for the immediately preceding Payment Date; provided that, upon the occurrence and during the continuance of a Cumulative Realized Loss Trigger Event, the Group I Targeted Overcollateralization Amount shall be $22,680,000.
Group I Targeted Overcollateralization Amount. As defined in the Insurance Agreement.