Required Overcollateralized Amount. With respect to any Distribution Date, (i) prior to the Stepdown Date, $3,714,089.97, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) 3.00% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) $1,237,745.95, and (iii) on or after the Stepdown Date if a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.
Required Overcollateralized Amount. With respect to any Distribution Date, an amount equal to $_____________ subject to the following: (i) if the Step Up Trigger has occurred, the Required Overcollateralized Amount for such Distribution Date will be an amount equal to the entire aggregate Stated Principal Balance of the Mortgage Loans and REO Properties as of such Distribution Date; (ii) if the Step Up Trigger has not occurred but the Step Up Spread Squeeze Test is met, the Required Overcollateralized Amount for such Distribution Date will be an amount equal to the sum of (A) the Required Overcollateralized Amount for such Distribution Date determined as though the Step Up Spread Squeeze Test were not met plus (B) the Spread Squeeze Overcollateralization Increase Amount; or (iii) if neither the Step Up Trigger has occurred nor the Step Up Spread Squeeze Test is met but the Step Down Trigger has occurred, the Required Overcollateralized Amount for such Distribution Date will be an amount equal to the greater of (A) ____% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date and (B) the lesser of (x) $_____________ and (y) the Stepped Down Required Overcollateralized Percentage of the aggregate Stated Principal Balance of the Mortgage Loans and REO Properties as of such Distribution Date.
Required Overcollateralized Amount. With respect to any Distribution Date (i) prior to the Stepdown Date, $__________, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) ____% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) $_________, and (iii) on or after the Stepdown Date and a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.
More Definitions of Required Overcollateralized Amount
Required Overcollateralized Amount. With respect to any Distribution Date (x) prior to the Stepdown Date, $6,869,579.60 and (y) on or after the Stepdown Date, the greater of (x) 4.00% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) $2,575,957.
Required Overcollateralized Amount. With respect to any Payment Date (i) prior to the Stepdown Date, $6,664,964.19, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) 3.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) $2,856,405, and (iii) on or after the Stepdown Date and a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Payment Date.
Required Overcollateralized Amount. With respect to the first Distribution Date, $0.00 and any other Distribution Date (i) prior to the Stepdown Date, $14,250,002 (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) 3.00% of the Aggregate Collateral Balance as of the last day of the related Due Period and (y) $4,750,001 and (iii) on or after the Stepdown Date if a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.
Required Overcollateralized Amount. With respect to any Distribution Date (i) prior to the Stepdown Date, $9,427,364, (ii) on or after the Stepdown Date and provided that neither a Trigger Event nor an Overcollateralization Reduction Lockout Event is in effect, the greater of (x) 5.50% of the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of the related Due Period and (y) $2,570,998, and (iii) on or after the Stepdown Date and either a Trigger Event or an Overcollateralization Reduction Lockout Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.
Required Overcollateralized Amount. With respect to any Distribution Date (i) prior to the Stepdown Date, $2,249,900.00, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the greater of (x) 1.50% of 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 (y) $1,500,000.00, and (iii) on or after the Stepdown Date and a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.
Required Overcollateralized Amount. With respect to any Distribution Date and the Group I Certificates, (i) prior to the related Stepdown Date, $710,203.78, (ii) on or after the related Stepdown Date provided a related Trigger Event is not in effect, the greater of (x) 1.00% of the aggregate Stated Principal Balance of the Group I Mortgage Loans as of the last day of the related Due Period and (y) $355,046.51, and (iii) on or after the related Stepdown Date if a related Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date. With respect to any Distribution Date and the Group II Certificates, (i) prior to the related Stepdown Date, $885,811.86, (ii) on or after the related Stepdown Date provided a related Trigger Event is not in effect, the greater of (x) 3.50% of the aggregate Stated Principal Balance of the Group II Mortgage Loans as of the last day of the related Due Period and (y) $126,479.56, and (iii) on or after the related Stepdown Date if a related Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date
Required Overcollateralized Amount. With respect to any Distribution Date (i) prior to the Stepdown Date, $4,583,189.29, (ii) on or after the Stepdown Date provided a Trigger Event is not in effect, the lesser of (A) $4,583,189.29 and (B) the greater of (x) 1.500% of 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 (y) $3,055,401.45, and (iii) on or after the Stepdown Date and a Trigger Event is in effect, the Required Overcollateralized Amount for the immediately preceding Distribution Date.