Examples of Initial Overcollateralization Amount in a sentence
Realized Losses shall be allocated first against the Remaining Initial Overcollateralization Amount and second to the Subsequent Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero.
Realized Losses shall be allocated first against any Initial Overcollateralization Amount remaining and second to the Subsequent Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero.
Amounts in reduction of principal balance of the REMIC 1 Regular Interests shall be allocated to the Class T1-1, Class T1-2 and Class T1-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of Overcollateralization Release Amount and the Remaining Initial Overcollateralization Amount.
The portion of the Principal Remittance Amount equal to the lesser of the Overcollateralization Release Amount and the Remaining Initial Overcollateralization Amount shall be allocated to reduce the principal balance of the Class T2-4 Interest, until it is reduced to zero.
Amounts in reduction of principal balance of the REMIC 2 Regular Interests shall be allocated to the Class T2-1, Class T2-2 and Class T2-3 Interests in the aggregate in an amount equal to the Principal Remittance Amount less the lesser of Overcollateralization Release Amount and the Remaining Initial Overcollateralization Amount.