Overcollateralized Loan Group definition

Overcollateralized Loan Group. With respect to the Class A Certificates relating to any Collateral Pool, as to any Distribution Date on which there are one or more Undercollateralized Loan Groups within such Collateral Pool, any Loan Group or Subgroup within such Collateral Pool for which there is no Undercollateralized Amount.

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Overcollateralized Loan Group. For any Subordinated Transfer Payment Date, the Loan Group which is not the Undercollateralized Loan Group.

Overcollateralized Loan Group. As to any Distribution Date on which there is one or more Undercollateralized Loan Groups, any Loan Group for which there is no Undercollateralized Amount.

Examples of Overcollateralized Loan Group in a sentence

• 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 Funds of such groups to make the payments required to be made pursuant to this Section 4.05 on such Distribution Date shall be made pro rata, based on the amount of remaining Available Funds for each such Overcollateralized Loan Group.

More Definitions of Overcollateralized Loan Group

Overcollateralized Loan Group. As to any Distribution Date, either Loan Group for which an Overcollateralized Amount greater than zero is calculated.

Overcollateralized Loan Group. With respect to the Class A Certificates, as to any Distribution Date on which there are one or more Undercollateralized Loan Groups, any Loan Group or Subgroup for which there is no Undercollateralized Amount.

Overcollateralized Loan Group. With respect to any Distribution Date and Collateral Pool 1, the Loan Group or Loan Groups within Collateral Pool 1 for which there is no Undercollateralized Amount.