Pool 1 Targeted Overcollateralization Amount definition
Pool 1 Targeted Overcollateralization Amount. With respect to any Distribution Date, $796,926, which is 0.35% of the Cut-off Date Balance.
Pool 1 Targeted Overcollateralization Amount. With respect to any Distribution Date (x) prior to the Pool 1 Stepdown Date an amount equal to $26,845,849 (i.e., 3.50% of the Pool 1 Cut-Off Date Balance) and (y) on or after the Pool 1 Stepdown Date, the greater of (1) the lesser of (a) $26,845,849 and (b) the product of 7.00% of the Pool Balance of Pool 1 as of the last day of the Collection Period and (2) the Pool 1 Overcollateralization Floor; provided, however, for any Distribution Date on or after the Pool 1 Stepdown Date and for which a Pool 1 Trigger Event is in effect, the Pool 1 Targeted Overcollateralization Amount will be equal to the Pool 1 Targeted Overcollateralization Amount in effect for the immediately preceding Distribution Date.
Pool 1 Targeted Overcollateralization Amount. With respect to any Distribution Date, $2,484,507.
More Definitions of Pool 1 Targeted Overcollateralization Amount
Pool 1 Targeted Overcollateralization Amount. With respect to any Distribution Date (x) prior to the Pool 1 Stepdown Date an amount equal to $8,438,317 (2.00% of the Pool Balance for Pool 1 as of the Cut-off Date), (y) on or after the Pool 1 Stepdown Date, the greater of (1) the lesser of (a) the amount of $8,438,317 and (b) the product of (i) for each distribution prior to the Distribution Date in September 2013, 5.000%, and thereafter, 4.000% and (ii) the Pool Balance for Pool 1 as of the last day of the related Collection Period and (2) the Pool 1 Overcollateralization Floor and (z) on and after the Pool 1 Stepdown Date and for which a Pool 1 Trigger Event is in effect, the amount calculated under this definition for the immediately preceding Distribution Date.
Pool 1 Targeted Overcollateralization Amount. With respect to any Distribution Date, (x) prior to the Pool 1 Stepdown Date an amount equal to $5,406,673 (i.e., 0.60% of the Pool 1 Cut-off Date Loan Balance) and (y) on or after the Pool 1 Stepdown Date, the greater of (1) the lesser of (a) the $5,406,673 and (b) the product of 1.20% and the Pool Balance of Pool 1 Balance as of the last day of the related Collection Period and (2) the Pool 1 Overcollateralization Floor.