REMIC III Group II Overcollateralization Amount definition

REMIC III Group II Overcollateralization Amount. With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Principal Balance of the REMIC III Group II Regular Interests (other than REMIC III Regular Interests II-IO and II-P) minus (ii) the aggregate Uncertificated Principal Balance of each REMIC III Group II Regular Interest for which a Class II-A Certificate or Class II-M Certificate is a Corresponding Certificate, in each case, as of such date of determination.
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REMIC III Group II Overcollateralization Amount. With respect to any date of determination, (i) 0.50% of the aggregate Uncertificated Principal Balances of the REMIC III Group II Regular Interests minus (ii) the aggregate of the Uncertificated Principal Balances of REMIC III Regular Interest LTIII-2AR1, REMIC III Regular Interest LTIII-2AR2, REMIC III Regular Interest LTIII-2MR1, REMIC III Regular Interest LTIII-2MR2, REMIC III Regular Interest LTIII-2MR3 and REMIC III Regular Interest LTIII-2P, in each case as of such date of determination. REMIC III GROUP II OVERCOLLATERALIZATION TARGET AMOUNT: 0.50% of the Group II Required Overcollateralization Amount.
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Related to REMIC III Group II Overcollateralization Amount

  • 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 0.85% of the Adjusted Pool Balance as of the Cutoff 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.