Overcollateralized Group definition

Overcollateralized Group. As defined in Section 4.03.

Overcollateralized Group. Either of Loan Group I or Loan Group II, if on any Distribution Date such Loan Group is not an Undercollateralized Group and the other Loan Group is an Undercollateralized Group.

Overcollateralized Group. On any Distribution Date, any Certificate Group which is not an Undercollateralized Group.

Examples of Overcollateralized Group in a sentence

• If more than one Undercollateralized Group exists on any Distribution Date, payments made to such Groups from the Available Distribution Amount of the Overcollateralized Group shall be made pro rata, based on the amount of payments required to be made to the Undercollateralized Group(s).

• If more than one Overcollateralized Group exists on any Distribution Date, reductions in the Available Funds of such groups to make the payments required to be made pursuant to this Section 4.05(b) on such Distribution Date shall be made pro rata, based on the amount of remaining Available Funds for each such Overcollateralized Loan Group.

• If more than one Overcollateralized Group exists on any Distribution Date, reductions in the Available Distribution Amount for such Overcollateralized Groups to make the payments required to be made pursuant to this Section 5.02(i) on such Distribution Date shall be made pro rata, on the basis of the Class Principal Amount of the related Senior Certificates.

• If more than one Overcollateralized Group exists on any Distribution Date, reductions in the Available Funds of such groups to make the payments required to be made pursuant to Section 4.05(b) on such Distribution Date shall be made pro rata, based on the amount of payments required to be made to the Undercollateralized Group(s).

• In the event there are two Undercollateralized Groups, any amounts paid from the Overcollateralized Group will be allocated in proportion to the amount of undercollateralization for each such Undercollateralized Group.

More Definitions of Overcollateralized Group

Overcollateralized Group. With respect to Group 1, Group 2, Group 3, Group 4 and Group 5, as defined in Section 4.06(b).

Overcollateralized Group. On any Distribution Date, any Certificate Group in the Aggregate Pool which is not an Undercollateralized Group.

Overcollateralized Group. Any of the Group 1 Loans, the Group 2 Loans, Group 3 Loans, Group 4 Loans or Group 5 Loans, if on any Distribution Date such Loan Group is not an Undercollateralized Group.

Overcollateralized Group. Not applicable.

Overcollateralized Group. As defined in Section 4.07(b). Participant: A broker, dealer, bank, other financial institution or other Person for whom DTC effects book entry transfers and pledges of securities deposited with DTC.

Overcollateralized Group. As defined in Section 6.01(I)(b)(ix)(B).

Overcollateralized Group. With respect to any Distribution Date and Aggregate Group II Senior Certificate Group, as defined in Section 5.08 hereof.