Required Overcollateralization Level definition

Required Overcollateralization Level has the meaning specified in Section 1.01(a) of the Note Indenture.
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Required Overcollateralization Level means, as of any Payment Date, ------------------------------------ the amount required to be on deposit in the Overcollateralization Subaccount as specified in a Series Supplement.
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Required Overcollateralization Level means, as of any Payment Date, the amount required to be on deposit in the Overcollateralization Subaccount as specified in Schedule B hereto.
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Examples of Required Overcollateralization Level in a sentence

  • The Required Overcollateralization Level for any Payment Date shall be as set forth in Schedule B hereto.

  • Inspection 78 SCHEDULE A — Expected Amortization Schedule SCHEDULE B — Required Overcollateralization Level Schedule EXHIBIT A-1 — Form of Sale Agreement EXHIBIT A-2 — Form of Servicing Agreement EXHIBIT B — Form of Note NOTE INDENTURE dated as of , 2005, between CEC FUNDING, LLC, a Delaware limited liability company (the “Note Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the “Note Trustee”).

  • Payment Dates; Expected Amortization Schedule for Principal; Periodic Interest; Required Overcollateralization Level; No Premium; Other Terms.

  • Olxxxx, Xxxxxxx THE BANK OF NEW YORK, as Indenture Trustee By: /s/ Cassandra Xxxxx ---------------------------------- Name: Cassandra Xxxxx Title: Vice President SCHEDULE A Expected Amortization Schedule Outstanding Principal Balance (All amounts are in United States Dollars) SCHEDULE B Required Overcollateralization Level Schedule Scheduled Payment Date Overcollateralization Level ------------ --------------------------- 2/15/2004............................................

  • Xxxxx Title: President THE BANK OF NEW YORK, as Trustee By: _________________________________ Name: Title: SCHEDULE 1 Expected Amortization Schedule ------------------------------ -1-1- SCHEDULE 2 Required Overcollateralization Level Schedule --------------------------------------------- EXHIBIT A FORM OF BOND REGISTERED NO.

  • Date Required Overcollateralization Level ---- ------------------------------------ Appendix B ISSUANCE ADVICE LETTER [PSE&G Letterhead] [To be filed with the Board of Public Utilities or its successor not later than five business days following sale and issuance of the Transition Bonds] [DATE] Mark W.

  • Inspection 78 SCHEDULE A — Expected Amortization Schedule SCHEDULE B — Required Overcollateralization Level Schedule EXHIBIT A-1 — Form of Sale Agreement EXHIBIT A-2 — Form of Servicing Agreement EXHIBIT B — Form of Note NOTE INDENTURE dated as of , 2005, between BEC FUNDING II, LLC, a Delaware limited liability company (the “Note Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the “Note Trustee”).

  • Inspection 78 SCHEDULE A — Expected Amortization Schedule SCHEDULE B — Required Overcollateralization Level Schedule EXHIBIT A-1 — Form of Sale Agreement EXHIBIT A-2 — Form of Servicing Agreement EXHIBIT B — Form of Note NOTE INDENTURE dated as of March 1, 2005, between CEC FUNDING, LLC, a Delaware limited liability company (the “Note Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the “Note Trustee”).

  • Inspection 78 Page SCHEDULE A — Expected Amortization Schedule SCHEDULE B — Required Overcollateralization Level Schedule EXHIBIT A-1 — Form of Sale Agreement EXHIBIT A-2 — Form of Servicing Agreement EXHIBIT B — Form of Note NOTE INDENTURE dated as of March 1, 2005, between BEC FUNDING II, LLC, a Delaware limited liability company (the “Note Issuer”), and THE BANK OF NEW YORK, a New York banking corporation, as trustee (the “Note Trustee”).


More Definitions of Required Overcollateralization Level

Required Overcollateralization Level means, as of any Payment Date, the amount required to be on deposit in the Overcollateralization Subaccount as specified in Schedule 2 hereto.
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Required Overcollateralization Level has the meaning specified in Section 1.01(a) of the Indenture.
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Required Overcollateralization Level means, as of any Payment Date with respect to any Series, the amount required to be on deposit in the Overcollateralization Subaccount as specified in the applicable Trustee's Issuance Certificate or Series Supplement, if any, but not less than, as of the Scheduled Maturity Date for such Series, 0.5% of the initial Outstanding amount thereof.
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Required Overcollateralization Level means, as of any Payment Date with respect to any Series, the amount required to be on deposit in the Overcollateralization Subaccount as specified in the applicable Series Supplement, but not less than, as of the Scheduled Final Payment Date for such Series, 0.50% of the initial Outstanding Amount thereof.
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Required Overcollateralization Level means, as of any Payment Date, the amount required to be on deposit in the Overcollateralization Subaccount as specified in Schedule I hereto.
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Required Overcollateralization Level means, with respect to each Series of Bonds, as of any Payment Date, the amount required to be on deposit in the Overcollateralization Subaccount for such Series of Bonds as specified in the related Indenture.
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Related to Required Overcollateralization Level

  • 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.

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

  • 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.

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

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

  • 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 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.

  • 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.

  • 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.

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

  • REMIC 2 Overcollateralization Target Amount 1.00% of the Overcollateralization Target Amount.

  • Overcollateralization Target Amount means 0.85% of the Adjusted Pool Balance as of the Cutoff Date.

  • Aggregate Overcollateralization Release Amount With respect to any Distribution Date, the lesser of (x) the aggregate of the Principal Remittance Amounts for each Mortgage Pool for such Distribution Date and (y) the amount, if any, by which (i) the Overcollateralization Amount for such date, calculated for this purpose on the basis of the assumption that 100% of the aggregate of the Principal Remittance Amounts for such Distribution Date is applied on such date in reduction of the aggregate Certificate Principal Amount of the Certificates, exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • REMIC I Overcollateralized Amount With respect to any date of determination, (i) 1% of the aggregate Uncertificated Balance of the REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP) minus (ii) the aggregate Uncertificated Balance of REMIC I Regular Interest I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTA4, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9, REMIC I Regular Interest I-LTM10, in each case as of such date of determination.

  • 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.

  • 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.

  • 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).

  • Overcollateralized Group As defined in Section 4.03.

  • 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).

  • 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.

  • 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.

  • 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.

  • Undercollateralized Group As defined in Section 4.03.

  • Undercollateralized Amount As defined in Section 4.01(b)(iii).

  • Undercollateralization Distribution As defined in Section 4.2(g).

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 28.00% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the immediately preceding Cut-Off Date.