GROUP I UNDERCOLLATERALIZED AMOUNT definition

GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates exceeds the aggregate Scheduled Principal Balance of the Group I Loans, after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by 6.75% and (ii) any amounts payable to the Class IA Certificates pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at 6.75% per annum.
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GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates and the Class R Certificate exceeds the aggregate Scheduled Principal Balance of the Group I Loans, after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by 7.00% and (ii) any amounts payable to the Class IA Certificates and the Class R Certificate pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at 7.00% per annum.
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GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates (other than the Class IA-P Certificates) exceeds the aggregate Scheduled Principal Balance of the Group I Loans (exclusive of the Group I Discount Fraction of the Group I Discount Loans), after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by 5.50% and (ii) any amounts payable but remaining unpaid to such Class IA Certificates pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at 5.50% per annum.
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More Definitions of GROUP I UNDERCOLLATERALIZED AMOUNT

GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates (other than the Class A-P Certificates) exceeds the aggregate Scheduled Principal Balance of the Group I Loans (exclusive of the Group I Discount Fraction of the Group I Discount Loans), after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by 5.50% and (ii) any amounts payable but remaining unpaid to such Class IA Certificates pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at 5.50% per annum.
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GROUP I UNDERCOLLATERALIZED AMOUNT. As to any Distribution Date and Sub-Group I-A, the excess, if any, of the Certificate Principal Balances of the Class AF-1 Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the Group I-A Mortgage Loans plus (ii) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the REO Properties in Sub-Group I-A, in each case before reduction for any Realized Losses on such Distribution Date. As to any Distribution Date and Sub-Group I-B, the excess, if any, of the Certificate Principal Balances of the Class AF-2 Certificates immediately prior to such Distribution Date over the sum of (i) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the Group I-B Mortgage Loans plus (ii) the aggregate of the Non-Class PO Percentage of the Scheduled Principal Balance of each of the REO Properties in Sub-Group I-B, in each case before reduction for any Realized Losses on such Distribution Date.
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GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates and the Class R Certificate exceeds the aggregate Scheduled Principal Balance of the Group I Loans, after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by the Net WAC of the Group I Loans and (ii) any amounts payable to the Class IA Certificates and Class R Certificate pursuant to clause (i) above of this definition of "Group I Undercollateralized
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GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Certificate Principal Balance of the Class IA Certificates and the Component A-P-1 Component Principal Balance exceeds the aggregate Scheduled Principal Balance of the Group I Loans, after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by 6.75% and (ii) any amounts payable to the Class IA Certificates and Component A-P-1 of the Class A-P Certificates pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at 6.75% per annum.
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GROUP I UNDERCOLLATERALIZED AMOUNT. For any Distribution Date is equal to the sum of (i) the sum of (A) the amount, if any, by which the aggregate Class Principal Balance of the Class IA Certificates and the Class R Certificate exceeds the aggregate of the related Applicable Fractions of the Scheduled Principal Balance of the Loans in the related Loan Group, after giving effect to distributions to be made on such Distribution Date and (B) 1/12 of the amount calculated in clause (i)(A) above multiplied by the applicable Remittance Rate and (ii) any amounts payable to the Class IA Certificates and the Class R Certificate pursuant to clause (i) above of this definition of "Group I Undercollateralized Amount" on any prior Distribution Dates, plus accrued interest thereon at the applicable Remittance Rate.
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Related to GROUP I UNDERCOLLATERALIZED AMOUNT

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Overcollateralized Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • Undercollateralized Group As defined in Section 4.03.

  • Overcollateralized Group As defined in Section 4.03.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance Amount on such Distribution 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.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • Overcollateralization Deficiency Amount With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.

  • Overcollateralization Target Amount means 0.85% of the Adjusted Pool Balance as of the Cutoff Date.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

  • Overcollateralization Floor With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Loan Group II Cap With respect to the Group II Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group II Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.

  • Loan Group I Cap With respect to the Group I Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Group I Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Group II Principal Remittance Amount With respect to any Distribution Date, the sum of the amounts described in clauses (i) through (iii) of the definition of Group II Principal Distribution Amount.