OC Target Amount definition

OC Target Amount. With respect to any Distribution Date and either Certificate Group, an amount equal to the product of
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OC Target Amount. With respect to any Distribution Date, an amount equal to the greater of (a) one-half of the aggregate of the Loan Balances of the Mortgage Loans that are 90 days Delinquent, in foreclosure or reduced to REO Property, minus the product of (1) two and (2) the
Sample 1
OC Target Amount. With respect to any Distribution Date, an amount equal to 3.50% of the Cut-off Date Pool Balance, plus the Spread Squeeze Amount, if any, subject to the following:
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More Definitions of OC Target Amount

OC Target Amount. With respect to any Distribution Date and either Certificate Group, an amount equal to 3.65% of the related Cut-off Date Loan Group Balance (3.80% of the related Cut-off Date Loan Group Balance after the second Distribution Date if a Back-Up Servicing Agreement with a Back-Up Servicer satisfactory to the Certificate Insurer has not been executed by the Master Servicer), plus, in the case of Certificate Group II, the Spread Squeeze Amount, if any, subject to the following:
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OC Target Amount. Means with respect to the Certificates:
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OC Target Amount. With respect to any Distribution Date, an amount equal to (I) in the case of Certificate Group I, the greater of (a) one half of the aggregate of the Loan Balances of the Group I Loans that are 90 days Delinquent, in foreclosure or reduced to REO Property, minus the product of (1) 2.5 and (2) the Group I General Excess Available Amount, and (b) 3.5% of the Cut-off Date Loan Group Balance of the Group I Mortgage Loans or (II) in the case of Certificate Group II, the greater of (a) one half of the aggregate of the Loan Balances of the Group II Loans that are 90 Days Delinquent, in foreclosure or reduced to REO Property, minus the product of (1) 2.5 and (2) the Group II General Excess Available Amount, and (b) 3.5% of the Cut-off Date Loan Group Balance of the Group II Mortgage Loans, subject to the following: (i) if the Step Up Trigger has occurred, the OC Target Amount with respect to each Certificate Group for such Distribution Date will be calculated as set forth above, except that the amounts in clauses (I)(a) and (II)(a) shall be multiplied by two; or (ii) if the Step Down Trigger has occurred, the OC Target Amount with respect to each Certificate Group for such Distribution Date will be an amount equal to the greater of (A) the greater of (x) 0.50% of the Cut-off Date Loan Group Balance of the Related Loan Group and (y) the aggregate Loan Balance, as of such Distribution Date, of the three largest outstanding Mortgage Loans in the Related Loan Group and (B) the lesser of (x) the amount calculated pursuant to (I) and (II) above, as applicable, and (y) the Stepped Down Required Overcollateralized Amount.
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Related to OC Target Amount

  • 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.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% 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.

  • M2 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 81.50% 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.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 84.30% 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 Targeted Overcollateralization Amount.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 86.20% 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 Targeted Overcollateralization Amount.

  • Target Amount is defined in Section 4.3(b)(i).

  • Senior Target Amount With respect to each Distribution Date, an amount equal to the lesser of (a) the product of (i) 77.30% 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 Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Overcollateralization Target Amount means 0.85% of the Adjusted Pool Balance as of the Cutoff Date.

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.

  • First Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(D).

  • Target Overcollateralization Amount means, with respect to any Payment Date, 3.00% of the Adjusted Pool Balance as of the Cut-off Date. Notwithstanding the foregoing, the Target Overcollateralization Amount shall not exceed the Adjusted Pool Balance on such Payment Date.

  • Second Liquidation Target Amount has the meaning assigned to such term in Section 6.1(c)(i)(E).

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Target Percentage means those percentages assigned to Participants pursuant to Section 3.2 hereof.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Net Amount means the Distribution Amount less the sum of all quarterly payments received by the COP Swap Counterparties under the COP Swap Collateral Agreement in respect of amounts owed under the COP Swap Agreements since January 1, 2014.

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Targeted Overcollateralization Amount means, for a Payment Date, an amount equal to:

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Senior Accelerated Distribution Percentage With respect to any Distribution Date occurring on or prior to the 60th Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, any Loan Group, 100%. With respect to any Distribution Date thereafter and any such Loan Group, if applicable, as follows:

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Aggregate Targeted Balance With respect to any group of Targeted Principal Classes or Components and any Distribution Date, the amount set forth for such group for such Distribution Date in Schedule V hereto.

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Excess Cash Flow Percentage 50%; provided that the Excess Cash Flow Percentage shall be reduced to (a) 25% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 3.75 to 1.00 and (b) to 0% if the Consolidated Total Leverage Ratio as of the last day of the relevant fiscal year is not greater than 2.25 to 1.00.