Required Overcollateralization Percentage. With respect to any Distribution Date, a percentage equal to (a) the Required Overcollateralization Amount divided by (b) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period (after giving effect to scheduled payments of principal due during the related Due Period, to the extent received or advanced, and unscheduled collections of principal received during the related Prepayment Period, and after reduction for Realized Losses incurred during the related Prepayment Period).
Required Overcollateralization Percentage means, as of any date, (i) with respect to Prime Receivables, either (a) on any date of determination as of which no Step-up Event (Prime) has occurred and is continuing, 13.00% or (b) on any date of determination as of which a Step-up Event (Prime) has occurred and is continuing, 18.00% and (ii) with respect to Non-Prime Receivables, either (a) on any date of determination as of which no Step-up Event (Non-Prime) has occurred and is continuing, 24.00% or (b) on any date of determination as of which as Step-up Event (Non-Prime) has occurred and is continuing, 29.00%. "Required Rate" means, as of any date and any Eligible Receivable, the sum of (i) the Weighted Average Hedge Rate as of such date plus (ii) the Applicable Margin as of such date plus (iii) the Servicing Fee Rate plus (iv) the Backup Servicing Fee Rate plus (v) the greater of (a) zero percent (0.00%) and (b) the percentage which will result in Excess Spread (Adjusted) that is at least equal to the related Target Rate. "Requirements of Law" means, with respect to any Person, the certificate of incorporation or articles of association and by-laws or other organizational or governing documents of such Person, and any law, treaty, rule or regulation, or order or determination of an arbitrator or Governmental Authority, in each case applicable to or binding upon such Person or to which such Person is subject, whether federal, State or local (including usury laws, the Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Xxxxxxxx-Xxxx Warranty Act, the Servicemembers Civil Relief Act, Regulations B, U, T, X and Z of the Federal Reserve Board, the Xxxx-Xxxxx Act, the Xxxxx-Xxxxx-Xxxxxx Act, each applicable state Motor Vehicle Retail Installment Sales Act, and state adaptations of the National 39
Required Overcollateralization Percentage means [_]%.
Examples of Required Overcollateralization Percentage in a sentence
The Series 2021-1 Required Overcollateralization Percentage is 10.50% and the Series 2021-1 Required Overcollateralization Amount is initially equal to $199,441,340.78.
The successful tenderer shall pay all taxes, duties, charges or levies that may be assessed or imposed on them by the Government of India/State Government.
The Series 2021-2 Required Overcollateralization Percentage is 10.00% and the Series 2021-2 Required Overcollateralization Amount is initially equal to $155,555,555.56.
As to any Payment Date prior to the Payment Date in (___________), the Required Overcollateralization Percentage of the greater of (i) the Pool Balance as of the Cut-off Date and (ii) the Maximum Pool Balance as of the end of the Related Collection Period (the "Initial Required Overcollateralization Amount").
More Definitions of Required Overcollateralization Percentage
Required Overcollateralization Percentage means, as of any date, (i) with respect to Prime Receivables, either (a) on any date of determination as of which no Step-up Event (Prime) has occurred and is continuing, 12.00% or (b) on any date of determination as of which a Step-up Event (Prime) has occurred and is continuing, 17.00%, (ii) with respect to Near Prime Receivables, either (a) on any date of determination as of which no Step-up Event (Non-Prime) has occurred and is continuing, 20.00% or (b) on any date of determination as of which as Step-up Event (Non-Prime) has occurred and is continuing, 25.00%, and (iii) with respect to Subprime Receivables, either (a) on any date of determination as of which no Step-up Event (Non-Prime) has occurred and is continuing, 30.00% or (b) on any
Required Overcollateralization Percentage means 30.5%.
Required Overcollateralization Percentage. Required Rate," "Serviced Portfolio Net Loss Ratio (Non-Prime)," "Serviced Portfolio Net Loss Ratio (Prime)," "SOFR," "Step-up Event," "Stop-Funding Event," and "Tangible Chattel Paper" set forth therein in their entirety and replacing them, respectively, with the following:
Required Overcollateralization Percentage appearing in Section 1.01 of the RLSA is hereby deleted in its entirety and the following is substituted therefor:
Required Overcollateralization Percentage means 25%; ----------------------------------------- provided, that at any time that (i) the face amount of outstanding -------- commercial paper notes of the Lender issued to fund Loans hereunder exceeds $100,000,000 and (ii) the combined STL and SDWW assets of HealthCare Financial Partners, Inc. (the "Parent") on a consolidated basis at any time exceed seventy five percent (75%) of the aggregate amount of loans and/or advances by the Parent, or any subsidiary thereof, which loans and/or advances are secured by Receivables pledged pursuant to any financing agreement, then the Required Overcollateralization Percentage shall be increased to 29%. For purposes of this paragraph, "STL" shall mean secured term loan assets principally secured by short term bridge first mortgages and "SDWW" shall mean senior debt assets secured by subordinate liens in certain assets of the Parent's borrowers.
Required Overcollateralization Percentage means a percentage equal to (i) 19% of the outstanding Pool Balance less (ii) the Spread Account balance, divided by the Pool Balance. On any Distribution Date on which the Adjusted Certificate Balance, as of the prior Distribution Date, is less than or equal to 10% of the initial Adjusted Certificate Balance, the Required Overcollateralization Percentage equals 100%.
Required Overcollateralization Percentage. For the Group 5 Certificates and any Distribution Date, a percentage equal to 0.50%.