Overcollateralization Deficiency Amount definition

Overcollateralization Deficiency Amount. With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

Overcollateralization Deficiency Amount. With respect to any Payment Date, the excess, if any, of the Targeted Overcollateralization Amount for that Payment Date over the Overcollateralization Amount for that Payment Date.

Overcollateralization Deficiency Amount. With respect to any Payment Date, the excess, if any, of (a) the Overcollateralization Target Amount applicable to such Payment Date over (b) the Overcollateralized Amount applicable to such Payment Date (calculated for this purpose only, after assuming that 100% of the Principal Remittance Amount on such Payment Date has been paid).

Examples of Overcollateralization Deficiency Amount in a sentence

• The amount demanded by the Indenture Trustee in that instance shall equal the lesser of (i) the Maximum Available Amount (as defined below) or (ii) the Overcollateralization Deficiency Amount, in each case calculated on the date of the downgrade.

• For any Distribution Date, the lesser of (i) the excess of (x) interest collected or advanced on the Mortgage Loans during the related Due Period (less servicing, trustee and Credit Insurer fees), over (y) the sum of interest payable on the Offered Certificates on such Distribution Date and (ii) the Overcollateralization Deficiency Amount for such Distribution Date.

• With respect to any Payment Date, a payment to be paid from Excess Cashflow received as a payment of principal by the Noteholders, for the purpose of increasing the Overcollateralization Amount to the Specified Overcollateralization Amount applicable to such Payment Date, and equal to the lesser of (x) the amount of such Excess Cashflow and (y) the Overcollateralization Deficiency Amount.

• With respect to any Payment Date, the lesser of (i) the Trust A Overcollateralization Deficiency Amount as of such Payment Date (after taking into account the payment of the Class A Principal Distribution Amount on such Payment Date (except for any Trust A Overcollateralization Increase Amount) and (ii) the amount of Trust A Total Available Funds remaining to be allocated for such purpose pursuant to Section 8.7(b)(ix) hereof on such Payment Date.

• If there are more than six Category 1 rural area nominations, HUD will se- lect the six highest ranked Category 1 rural applications, and will then select, in rank order, the highest ranking Cat- egory 1 area nominations, whether urban or rural, until not more than a total of 20 Category 1 designations is made.(b) Selection of Category 2 applications.

More Definitions of Overcollateralization Deficiency Amount

Overcollateralization Deficiency Amount. With respect to any Distribution Date, the amount, if any, by which (x) the Targeted Overcollateralization Amount for such Distribution Date exceeds (y) the Overcollateralization Amount for such Distribution Date, calculated for this purpose after giving effect to the reduction on such Distribution Date of the aggregate Certificate Principal Balance of the Publicly Offered Certificates resulting from the payment of the Principal Remittance Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

Overcollateralization Deficiency Amount. With respect to any Distribution Date, the amount, if any, by which the Overcollateralization Target Amount exceeds the Overcollateralized Amount on such Distribution Date (after giving effect to distributions in respect of the Group I Basic Principal Distribution Amount, the Group II Basic Principal Distribution Amount and the Group III Basic Principal Distribution Amount on such Distribution Date).

Overcollateralization Deficiency Amount means, for any Payment Date, the excess, if any, of (i) the Required Overcollateralization Amount on such Payment Date over (ii) the Pro Forma Overcollateralization Amount on such Payment Date.

Overcollateralization Deficiency Amount. With respect to any Distribution Date, the excess, if any, of the Overcollateralization Target Amount over the Overcollateralization Amount (such Overcollateralization Amount to be calculated after giving effect to all prior distributions on the Classes of Securities on such Distribution Date pursuant to Section 5.01(c)(i) and (ii) hereof).

Overcollateralization Deficiency Amount means an amount on any Payment Date equal to the excess, if any, of (i) the Required Overcollateralization Amount on such Payment Date over (ii) the Pro Forma Overcollateralization Amount on such Payment Date, which in no event shall be less than zero.

Overcollateralization Deficiency Amount. With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Target Amount applicable to such Distribution

Overcollateralization Deficiency Amount. With respect to any Payment Date, the difference, if any, between (i) the Specified Overcollateralization Amount applicable to such Payment Date and (ii) the Overcollateralization Amount applicable to such Payment Date.