Overcollateralization Event definition

Overcollateralization Event means, for any Loan Action Date, after giving effect to all Loan Actions to be taken on such Loan Action Date and all payments and distributions to be made in accordance with the Priority of Payments and all principal payments to be made on the Notes, in each case, on the Payment Date following such Loan Action Date (or if such Loan Action Date is a Payment Date, on such Payment Date), (a) the Loan Action Date Aggregate Principal Balance minus the Required Overcollateralization Amount is less than (b) the Aggregate Note Balance minus the amounts on deposit in the Principal Distribution Account.
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Overcollateralization Event means, for any Loan Action Date, after giving effect to all Loan Actions to be taken on such Loan Action Date and all payments and distributions to be made in accordance with Section 8.06 of the Indenture and all principal payments to be made on the Notes, in each case, on the Payment Date that occurs on such Loan Action Date, (a) the Loan Action Date Aggregate Principal Balance minus the Required Overcollateralization Amount is less than (b) the Aggregate Note Balance minus the amounts on deposit in the Principal Distribution Account.
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Overcollateralization Event means, for any Loan Action Date, after giving effect to all Loan Actions to be taken on such Loan Action Date and all payments and distributions to be made in accordance with the Priority of Payments and all principal payments to be made on the Notes, in each case, on the Payment Date that occurs on such Loan Action Date,
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Examples of Overcollateralization Event in a sentence

  • After an Overcollateralization Event, the notional amount is 50% of the Prime Equivalent Note Balance.

  • Overcollateralization Event* The new notional amount for the next accrual period is * The Overcollateralization Event is the first distribution date after the August 2018 distribution date when the Overcollateralization Percentage is at least equal to 40.0%.

  • For the interest rates applicable to the next distribution date, please see https://www.navient.com/about/investors/data/abrate.txt.* The Overcollateralization Event is the first distribution date after the May 2016 distribution date when the Overcollateralization Percentage is at least equal to 40.0%.

  • Previously these opportunities were potentially pursued and governed by Attracting Sponsorship, Philanthropy and Corporate Community Investment Policy which has now been retired.

  • The swap agreement will terminate on the earlier of: (i)(a) prior to the occurrence of an Overcollateralization Event, the December 2025 distribution date, and (b) after the occurrence of an Overcollateralization Event, the OC Event Termination Date, and (ii) the date on which the optional redemption is exercised.

  • Without limiting the generality of Section 2(a) above, each of the Grantor and the Secured Party agrees that any Compressors acquired by the Grantor, including, without limitation, after the occurrence and during the continuance of an Overcollateralization Event or a Net Revenue Event shall automatically and without further action by any party become subject to the security interest and the Lien granted by the Grantor under Section 2(a) above.

  • Issuer shall have delivered to the Deal Agent a duly completed and executed Asset Base Certificate, determined after giving effect to any Eligible Compressors and Eligible Leases to be acquired with the proceeds of such Series 2002-1 Advance, which demonstrates that, after giving effect to such Series 2002-1 Advance, (A) Aggregate Outstanding Amounts do not exceed the Asset Base, (B) no Net Revenue Event exists or would exist, or (C) no Overcollateralization Event exists or would exist.

  • American Marine Corporation (“AMC”) is a Hawaii based corporation and a leading marine transportation operator in the state.


More Definitions of Overcollateralization Event

Overcollateralization Event. Net Revenue Event", "Trigger Event", "Existing Commitment", "Eligible Compressor" or "Initial Commitment";
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Overcollateralization Event. The condition that will exist if the Manager Report delivered on any Determination Date indicates the existence of any of the following conditions:
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Overcollateralization Event. This term shall have the meaning set forth in the Head Lease.
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Overcollateralization Event means, with respect to any distribution date after the August 2018 distribution date, the Overcollateralization Percentage is equal to or greater than 40.0%.
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Related to Overcollateralization Event

  • Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans before giving effect to distributions of principal to be made on such Distribution Date over (b) the aggregate Certificate Principal Balance of the Class A Certificates and Class M Certificates immediately prior to such date.

  • Overcollateralization Target Amount means, with respect to any Distribution Date, 4.75% of the Pool Balance as of the Cutoff Date.

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

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the Principal Remittance Amount for such Distribution Date and (y) the Excess Overcollateralized Amount.