Maximum Collateral Amount definition

Maximum Collateral Amount. The sum of the Principal Balance as of the Cut-off Date of the Initial Mortgage Loans and the Original Pre-Funded Amount.

Maximum Collateral Amount. With respect to each Loan Group or both Loan Groups, the Cut-Off Date Aggregate Principal Balance for the related Loan Group or both Loan Groups, as required by the context.

Maximum Collateral Amount. The sum of the Original Pool Principal Balance and the Original Pre-Funding Amount.

Examples of Maximum Collateral Amount in a sentence

• On the first date on which the Aggregate Principal Balance is less than 10% of the Maximum Collateral Amount, the Servicer or the Certificate Insurer in certain circumstances will have the option to repurchase, in whole, from the Trust Fund all remaining Loans at the Termination Price as provided in the Agreement.

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• The Majority Residual Interest Holders (as defined in the Trust Agreement) may, at their option, effect an early redemption of the Notes on or after any Distribution Date on which the Pool Principal Balance declines to 10% or less of the Maximum Collateral Amount.

• The Servicer will have a similar purchase option on any Distribution Date on which the aggregate Loan Balance of the Mortgage Loans is less than or equal to 5% of the Aggregate Maximum Collateral Amount.

More Definitions of Maximum Collateral Amount

Maximum Collateral Amount. The Original Pool Principal Balance plus the Original Pre-Funded Amount.

Maximum Collateral Amount. The Cut-Off Date Aggregate Principal Balance for the mortgage loans.

Maximum Collateral Amount outstanding principal balance of Home Equity Loans on the Cut-Off Date.

Maximum Collateral Amount. $775,000,000.

Maximum Collateral Amount. With respect to each Certificate Group, the Aggregate Principal Balance of the Mortgage Loans in the related Loan Group as of the Cut-Off Date.

Maximum Collateral Amount. The sum of the Group I Maximum Collateral Amount and the Group II Maximum Collateral Amount.

Maximum Collateral Amount. $__________.