Minimum Overcollateralization Amount definition

Minimum Overcollateralization Amount. As of any date of determination, an amount equal to the product of 3.0 and the sum of the Outstanding Asset Balances of all Eligible Assets attributable to the Obligor having the largest aggregate Outstanding Asset Balance of Eligible Assets included as part of the Collateral (excluding the amount, calculated without duplication, by which such Eligible Assets exceed any applicable Pool Concentration Criteria).

Minimum Overcollateralization Amount. As of any date of determination, an amount equal to the greater of (a) the Required Equity Contribution or (b) the product of (i) the Minimum Overcollateralization Percentage on such date and (ii) the Borrowing Base on such date.

Minimum Overcollateralization Amount means, as of any date of determination, an amount equal to the greater of (a) 5% of the aggregate Market Value of all Eligible Investments on such date and (b) $5,000,000.

Examples of Minimum Overcollateralization Amount in a sentence

• In addition, Advances Outstanding shall be repaid as and when necessary to cause (i) the Advances Outstanding not to exceed the Availability, (ii) the Overcollateralization Amount to equal or exceed on each day the Minimum Overcollateralization Amount and (iii) the Equity Contribution to equal or exceed the Required Equity Contribution, and any amount so repaid may, subject to the terms and conditions hereof, be reborrowed hereunder during the Revolving Period.

• Maximum Availability: At any time, subject to the Minimum Overcollateralization Amount, an amount equal to the product of the Borrowing Base and the Weighted Average Advance Rate, plus the amount on deposit in the Principal Collections Account received in reduction of the Outstanding Loan Balance of any Eligible Loan; provided, however, during the Amortization Period, the Maximum Availability shall be equal to the Advances Outstanding.

• Funds on deposit in the Spread Account in excess of those required to satisfy the Minimum Overcollateralization Amount may be used either to (i) reduce outstanding balance of commercial paper as it becomes due, (ii) reduce outstandings on the Liquidity/Credit Enhancement Facility, or (iii) be released to HP on a Settlement Date.

• Amounts may be deposited into the Spread Account by the Servicer in order to maintain the Minimum Overcollateralization Amount.

• An Uncollateralization Event will have occurred with respect to any Payment Date if (x) the sum of (i) the aggregate Class Principal Amount of the Class A1, Class A2, Class M1, Class M2 and Class B1 Notes after giving effect to payments on such Payment Date and (ii) the Minimum Overcollateralization Amount for such Payment Date exceeds (y) the Pool Balance for such Payment Date.

More Definitions of Minimum Overcollateralization Amount

Minimum Overcollateralization Amount means, on any date of determination, a fixed dollar amount equal to the product of (i) the aggregate principal amount of the CPACE Assets acquired by the Issuer under the CPACE Asset Purchase Agreement and (ii) three percent (3.0%).

Minimum Overcollateralization Amount means, at any time of determination, an amount equal to (i) the Eligible Receivables Balance at such time multiplied by (ii) the result of (A) one minus (B) the Maximum Advance Percentage (expressed as a decimal) at such time.

Minimum Overcollateralization Amount. As of any date of determination, an amount equal to the sum of (I) the greater of (a) the Required Equity Contribution and (b) the amount determined by multiplying (i) the Aggregate Purchased Loan Balance on such date by (ii) one minus the quotient of one divided by the Minimum Overcollateralization Percentage plus (II) the Aggregate Net Xxxx to Market Amount, as reported in the most recent Monthly Report. Minimum Overcollateralization Percentage: 133 1/3%. Minimum Portfolio Yield: 6.0% Monthly Report: Defined in subsection 7.17(a).

Minimum Overcollateralization Amount. As of any date of determination, an amount equal to the sum of (I) the greater of (a) the product of (i) the Borrowing Base on such date times (ii) a percentage equal to 1.00 minus the Weighted Average Advance Rate and (b) the Required Equity Contribution, plus (II) the Aggregate Net Xxxx to Market Amount, as reported in the most recent Monthly Report.”.

Minimum Overcollateralization Amount. With respect to any Payment Date will be equal to (x) prior to the Payment Date in May 2003, zero and (y) thereafter, the product of (i) 0.25% and (ii) the sum of (A) the Cut-off Date Balance and (B) the Initial Pre-Funding Amount.

Minimum Overcollateralization Amount means $6,000,000; provided, however, that, notwithstanding the foregoing, at all times during the existence of a Level 1 Performance Event, the Minimum Overcollateralization Amount shall equal $9,000,000, until such Level 1 Performance Event is cured by three consecutive months of compliance with the Level 1 portfolio performance covenants set forth in Appendix E, in which case the Minimum Overcollateralization Amount shall be $6,000,000 (until another Level 1 Performance Event occurs).

Minimum Overcollateralization Amount means, as of any date of determination, the Net Loan Balance as of such date minus the quotient of (x) the Net Loan Balance as of such date, divided by (y) 1.33.