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, 12.0013.00% or (b) on any date of determination as of which a Step-up Event (Prime) has occurred and is continuing, 17.0018.00%, and (ii) with respect to Near PrimeNon-Prime Receivables, either (a) on any date of determination as of which no Step-up Event (Non-Prime) has occurred and is continuing, 20.0024.00% 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 date of determination as of which as Step-up Event (Non-Prime) has occurred and is continuing, 35.00%.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 Program Fee RateApplicable 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 39 149194398v7
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.
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").
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.
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, 13.00% or (b) on any date of determination as of which a Step-up Event (Prime) has occurred and is continuing, 18.00%, (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, 25.50% or (b) on any date of determination as of which as Step- up Event (Non-Prime) has occurred and is continuing, 30.50%, and (iii) with respect to Subprime Receivables, either (a) on any date of determination as of which no Step-up Event (Non-Prime)
Required Overcollateralization Percentage. For any Distribution Date and the Group I Loans and Group II Loans, a percentage equal to (a) the related Required Overcollateralization Amount divided by (b) the aggregate Principal Balance of the Loans in the related Loan Group 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 on the Loans in the related Loan Group incurred during the related Prepayment Period).
Required Overcollateralization Percentage means thirty-three percent (33%).
Required Overcollateralization Percentage. The greater of [___]% and a percentage as determined by [_________] during the Funding Period in connection with the delivery of Additional Loans.
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 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 25%. -----------------------------------------