M3 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.
M3 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 93.80% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.
M3 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.20% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Overcollateralization Floor.
More Definitions of M3 Target Amount
M3 Target Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the product of (i) [ ]% and (ii) the Aggregate Collateral Balance for such Payment Date determined as of the last day of the related Due Period and (b) the excess of (i) the Aggregate Collateral Balance for such Payment Date determined as of the last day of the related Due Period over (ii) 0.50% of the Aggregate Collateral Balance as of the Closing Date.
M3 Target Amount. With respect to any Payment Date, an amount equal to the lesser of (a) the product of (i) 76.50% and (ii) the Aggregate Pool Balance for such Payment Date and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Payment Date exceeds (ii) 0.50% of the Cut-off Date Balance.
M3 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 96.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance. Master Servicer: Aurora Loan Services Inc., or any successor in interest, or if any successor master servicer shall be appointed as herein provided, then such successor master servicer.
M3 Target Amount. With respect to any Distribution Date, an amount equal to 100% of the Pool Balance for such Distribution Date.
M3 Target Amount. With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 71.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any Principal Prepayments received during the related Prepayment Period) and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any Principal Prepayments received during the related Prepayment Period) exceeds (ii) the Overcollateralization Floor.
M3 Target Amount. With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 85.40% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any prepayments received during the related Prepayment Period immediately prior to such Distribution Date) and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period (after giving effect to any prepayments received during the related Prepayment Period immediately prior to such Distribution Date) exceeds (2) the Overcollateralization Floor.
M3 Target Amount. With respect to any Distribution Date an amount equal to the lesser of (a) the product of (i) 99.40% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Targeted Overcollateralization Amount. Master Servicer: Aurora Loan Services Inc., or any successor in interest, or if any successor master servicer shall be appointed as herein provided, then such successor master servicer.