Group II Overcollateralization Release Amount definition

Group II Overcollateralization Release Amount. With respect to any Distribution Date, the lesser of (x) the related Principal Funds for such Distribution Date and (y) the excess, if any, of (i) the Group II Overcollateralization Amount for such Distribution Date (assuming that 100% of the related Principal Funds is applied as a principal payment on such Distribution Date) over (ii) the Group II Overcollateralization Target Amount for such Distribution Date (with the amount pursuant to clause (y) deemed to be $0 if the Group II Overcollateralization Amount is less than or equal to the Group II Overcollateralization Target Amount on that Distribution Date).

Group II Overcollateralization Release Amount. With respect to Loan Group II and any Distribution Date for which the related Excess Overcollateralization Amount is, or would be, after taking into account all other distributions to be made on that Distribution Date, greater than zero, an amount equal to the lesser of (i) the related Excess Overcollateralization Amount for that Distribution Date and (ii) related Principal Funds for that Distribution Date.

Group II Overcollateralization Release Amount. As of any Payment Date, the lesser of (x) the Group II Principal Remittance Amount for such Payment Date and (y) the excess of (i) the Group II Overcollateralization Amount for such Payment Date, assuming that 100% of the Group II Principal Remittance Amount is applied on such Payment Date to the payment of principal on the Group II Certificates and (ii) the Group II Targeted Overcollateralization Amount for such Payment Date.

Examples of Group II Overcollateralization Release Amount in a sentence

• Any Group II Remaining Excess Spread together with any Group II Overcollateralization Release Amount will be applied as Group II Excess Cashflow and distributed pursuant to clauses (b)(3)(A) through (G) below.

• Any related Remaining Excess Spread together with any Group II Overcollateralization Release Amount will be applied as Excess Cashflow with respect to Loan Group II and distributed pursuant to clauses (b)(4)(A) through (H) below.

• Any related Remaining Excess Spread together with any Group II Overcollateralization Release Amount shall be applied as Excess Cashflow with respect to Loan Group II and distributed pursuant to clauses (b)(4)(A) through (H) below.

• Any related Remaining Excess Spread together with any Group II Overcollateralization Release Amount will be applied as Excess Cashflow with respect to Loan Group II and distributed pursuant to clauses (b)(3)(A) through (H) below.

• Any related Remaining Excess Spread together with any Group II Overcollateralization Release Amount shall be applied as Excess Cashflow with respect to Loan Group II and distributed pursuant to clauses (b)(3)(A) through (H) below.

• Any Remaining Excess Spread with respect to Loan Group II together with any Group II Overcollateralization Release Amount will be applied as Net Monthly Excess Cashflow with respect to Loan Group II and distributed pursuant to clause third below.

More Definitions of Group II Overcollateralization Release Amount

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

Group II Overcollateralization Release Amount. As of any Payment Date, an amount equal to (1) the lesser of (x) the Group II Principal Remittance Amount for such Payment Date and (y) the excess, if any, of (A) the Group II Overcollateralization Amount for such Payment Date, assuming that 100% of the Group II Principal Remittance Amount is applied on such Payment Date to the payment of principal on the Group II Class A Certificates and the Class B Certificates over (B) the Group II Targeted Overcollateralization Amount for such Payment Date MINUS (2) the Group I Overcollateralization Deficiency.

Group II Overcollateralization Release Amount. As of any Payment Date, the lesser of (x) the Group II Principal Remittance Amount for such Payment Date and (y) the excess, if any, of (i) the Group II Overcollateralization Amount for such Payment Date, assuming that 100% of the Group II Principal Remittance Amount is applied on such Payment Date to the payment of principal on the Group II Certificates over (ii) the Group II Targeted Overcollateralization Amount for such Payment Date; provided, that if a Subordinated trigger event is in effect, the Group II Overcollateralization Release Amount shall be zero.

Group II Overcollateralization Release Amount. With respect to any Distribution Date, the lesser of (x) the related Principal Remittance Amount for such Distribution Date and (y) the excess, if any, of (i) the Group II Overcollateralized Amount for such Distribution Date (assuming that 100% of the related Principal Remittance Amount is applied as a principal payment on such Distribution Date) over (ii) the Group II Overcollateralization Target Amount for such Distribution Date (with the amount pursuant to clause (y) deemed to be $0 if the Group I Overcollateralized Amount is less than or equal to the Group II Overcollateralization Target Amount on that Distribution Date).

Group II Overcollateralization Release Amount. With respect to any Payment Date and the Group II Notes on or after the Group II Stepdown Date on which a Group II Trigger Event is not in effect, the lesser of (x) the Principal Remittance Amount relating to the Group II Mortgage Loans for such Payment Date and (y) the excess, if any, of (i) the Group II Overcollateralization Amount for such Payment Date, assuming that 100% of the Principal Remittance Amount relating to the Group II Mortgage Loans is applied as a principal payment on the Class IIA-1 Notes and the Group II Mezzanine Notes on such Payment Date, over (ii) the Group II Targeted Overcollateralization Amount for such Payment Date. With respect to any Payment Date on which a Group II Trigger Event is in effect, the Group II Overcollateralization Release Amount will be zero.