OC Release Amount definition
OC Release Amount. With respect to each Certificate Group and any Distribution Date, the lesser of (x) the related Principal Remittance Amount for such Distribution Date and (y) the excess, if any, of (i) the related Overcollateralized Amount for such Distribution Date, assuming that 100% of the related Principal Remittance Amount is applied as a principal payment on the related Certificate Group on such Distribution Date over (ii) the related OC Target Amount for such Distribution Date.
OC Release Amount. For any Distribution Date and Certificate Group, the lesser of (a) the Principal Funds for such Distribution Date and such Certificate Group and (b) the excess, if any, of the related Overcollateralization Amount over the related Specified Overcollateralization Amount.
OC Release Amount. For any Distribution Date, the lesser of (1) the Principal Remittance Amount and (2) the excess of (a) the Overcollateralized Amount over (b) the Overcollateralization Target Amount. In addition, in connection with the final distribution on the Certificates pursuant to Section 9.02 hereof, the OC Release Amount for the related Distribution Date shall also include the excess, if any of, (a) the purchase price paid for the Mortgage Loans and any REO Properties pursuant to Section 9.01 hereof, less any costs incurred by the Trust Fund in connection with the liquidation thereof pursuant to Section 9.02 hereof, over (b) the amount distributed on the Offered Certificates on that Distribution Date.