Overcollateralization Tests definition

Overcollateralization Tests means the Class A/B Overcollateralization Test, Class C Overcollateralization Test, Class D Overcollateralization Test and Class E Overcollateralization Test.
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Overcollateralization Tests means the Class A/B Overcollateralization Test and the Class C Overcollateralization Test.
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Overcollateralization Tests. The Class C Overcollateralization Test, the Class D Overcollateralization Test, Class E Overcollateralization Test, Class F Overcollateralization Test and the Class G Overcollateralization Test, as applicable. The Overcollateralization Test for each Class of Notes is satisfied as of any date of determination when the Overcollateralization Ratio for such Class is equal to or exceeds the required level set forth below: Overcollateralization Test Required Overcollateralization Ratio Class C Overcollateralization Test 119.00 % Class D Overcollateralization Test 117.00 % Class E Overcollateralization Test 115.50 % Class F Overcollateralization Test 114.25 % Class G Overcollateralization Test 112.25 %
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Examples of Overcollateralization Tests in a sentence

  • Each of the Overcollateralization Tests will satisfied if, on any Measurement Date occurring on or after the Ramp-Up Completion Date, the applicable overcollateralization ratio equals or exceeds the prescribed percentage.

  • The Overcollateralization Tests The "Overcollateralization Tests" will consist of the Senior Class A Overcollateralization Test, the Class A Overcollateralization Test, the Class B-1L Overcollateralization Test and the Class B-2L Overcollateralization Test.

  • The Overcollateralization TestsThe "Overcollateralization Tests" will consist of the Class A/B Overcollateralization Test, the Class C Overcollateralization Test, the Class D Overcollateralization Test and the Class E Overcollateralization Test.

  • The Issuer is not required to satisfy the Overcollateralization Tests prior to the Effective Date.

  • Pursuant to the Indenture, the Overcollateralization Tests will be deemed to be satisfied as of any time prior to the Effective Date and the Interest Coverage Tests will be deemed satisfied as of the any time prior to the second Distribution Date.

  • The Issuer is not required to satisfy the Collateral Quality Test, the Portfolio Profile Test or the Overcollateralization Tests prior to the Effective Date.

  • The Overcollateralization Tests The “Overcollateralization Tests” will consist of the Class A Overcollateralization Test (with respect to the Class A Notes), the Class B Overcollateralization Test (with respect to the Class B Notes) and the Class C Overcollateralization Test (with respect to the Class C Notes).

  • Coverage Tests: The “Coverage Tests” will consist of the Interest Coverage Tests andthe Overcollateralization Tests.

  • For purposes of this Indenture, calculations of the Overcollateralization Tests shall be determined as if the Issuer had sold an assignment of such Collateral Obligation rather than a Participation Interest.

  • The Additional Collateral Deposit Requirement On each Payment Date after the second Payment Date, even if the Overcollateralization Tests and the Interest Coverage Test are satisfied, certain amounts that would otherwise be used for payments that are junior inright of payment to the Additional Collateral Deposit Requirement as described under "Application of Funds— Application of Interest Proceeds," will be used to purchase additional Collateral and make payments on the principal of the Class B-2L Notes.


More Definitions of Overcollateralization Tests

Overcollateralization Tests in that certain indenture, dated as of March 28, 2006, by and among CBRE Realty Finance CDO 2006-1, Ltd., CBRE Realty Finance CDO 2006-1, LLC and Bank of America, National Association, as successor by merger to LaSalle Bank National Association.
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Overcollateralization Tests. Collectively, the Portfolio O/C Ratio Test and the Underlying Aggregate Asset O/C Ratio Test.
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Overcollateralization Tests. The Class A/B Overcollateralization Test, the Class C Overcollateralization Test and the Class D Overcollateralization Test.
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Related to Overcollateralization Tests

  • Overcollateralization Floor With respect to any Distribution Date, 0.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Overcollateralization Target Amount As of any Distribution Date, 1.30% of the Initial Aggregate Receivables Principal Balance.

  • 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 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.

  • Overcollateralization Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:

  • Overcollateralization Deficiency For any Distribution Date will be equal to 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 Class Principal Balance of the Certificates resulting from the payment of the Principal Payment Amount on such Distribution Date, but prior to allocation of any Applied Loss Amount on such Distribution Date.

  • Overcollateralization Reduction Amount With respect to any Distribution Date on which the Excess Overcollateralization Amount is, after taking into account all other distributions to be made on such Distribution Date, greater than zero, the Overcollateralization Reduction Amount shall be equal to the lesser of (i) the Excess Overcollateralization Amount for that Distribution Date and (ii) the Principal Remittance 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 (assuming that 100% of the Principal Remittance Amount is applied as a principal distribution on such Distribution Date).

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

  • Excess Overcollateralization Amount With respect to any Distribution Date, the excess, if any, of (a) the Overcollateralization Amount on such Distribution Date over (b) the Required Overcollateralization Amount for such Distribution Date.

  • REMIC II Overcollateralization Amount With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Balances of the REMIC II Regular Interests (other than REMIC II Regular Interest P) minus (ii) the aggregate of the Uncertificated Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest M-3, REMIC II Regular Interest M-4, REMIC II Regular Interest M-5, REMIC II Regular Interest M-6, REMIC II Regular Interest M-7, REMIC II Regular Interest M-8, REMIC II Regular Interest M-9, REMIC II Regular Interest M-10 and REMIC II Regular Interest M-11, in each case as of such date of determination.

  • Required Overcollateralization Amount With respect to any Distribution Date, (a) prior to the Stepdown Date, an amount equal to 1.80% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date, (b) on or after the Stepdown Date if a Trigger Event is not in effect, the greater of (i) an amount equal to 3.60% of the aggregate outstanding Stated Principal Balance of the Mortgage Loans after giving effect to distributions made on that Distribution Date and (ii) the Overcollateralization Floor and (c) on or after the Stepdown Date if a Trigger Event is in effect, an amount equal to the Required Overcollateralization Amount from the immediately preceding Distribution Date. The Required Overcollateralization Amount may be reduced so long as written confirmation is obtained from each Rating Agency that such reduction shall not reduce the ratings assigned to any Class of Certificates by such Rating Agency below the lower of the then-current rating or the rating assigned to such Certificates as of the Closing Date by such Rating Agency. Residential Funding: Residential Funding Corporation, a Delaware corporation, in its capacity as seller of the Mortgage Loans to the Depositor and any successor thereto.

  • Overcollateralization Increase Amount With respect to any Distribution Date, the lesser of (a) the Overcollateralization Deficiency Amount as of such Distribution Date and (b) the Net Monthly Excess Cashflow for such Distribution Date.

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

  • Overcollateralized Amount As of any Distribution Date, the excess, if any, of (a) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over (b) the aggregate of the Class Certificate Balances of the LIBOR Certificates as of such Distribution Date (after giving effect to the payment of the Principal Remittance Amount on such Certificates on such Distribution Date).

  • Overcollateralized Group As defined in Section 4.03.

  • 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.

  • Specified Overcollateralization Amount means for any Distribution Date, the greater of:

  • Excess Overcollateralized Amount With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, the excess, if any, of (i) the Overcollateralized Amount for such Distribution Date (calculated for this purpose only after assuming that 100% of the Principal Remittance Amount on such Distribution Date has been distributed) over (ii) the Overcollateralization Target Amount for such Distribution Date.

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).

  • Undercollateralized Group As defined in Section 4.03.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.