OC Deficiency Amount definition
OC Deficiency Amount. With respect to any Distribution Date and each Certificate Group, the amount, if any, by which the related OC Target Amount exceeds the related Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the Group I Basic Principal Distribution Amount or the Group II Basic Principal Distribution Amount, as applicable, on such Distribution Date).
OC Deficiency Amount means the amount required to reduce a Class of Notes to achieve the relevant overcollateralization target (the Minimum Transferor Interest or the Required Transferor Subordinated Amount, as the case may be) for its related Loan Group without taking into account the other Loan Group's overcollateralization position, which amount, for any Loan Group on any date of determination within any Collection Period, will be equal to the excess of (A) over (B) where o (A) is an amount equal to (x) if the relevant overcollateralization target is the Minimum Transferor Interest, the related Minimum Transferor Interest without taking into account adjustments with respect to OC Deficiency Amount, and (y) if the relevant overcollateralization target is the Required Transferor Subordinated Amount, the related Required Transferor Subordinated Amount without taking into account adjustments with respect to OC Deficiency Amount, each for such date of determination; and