Required Pool Amount definition

Required Pool Amount means, for a day, an amount equal to the greater of
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Required Pool Amount means, for a day, an amount equal to the greater of (i) the sum of all amounts, each of which is the product of (x) the amount that would be the Unadjusted Invested Amount of a Series for the day if calculated without regard to the proviso in the definition thereof; and (y) the Required UIA Pool Percentage for such Series on such day, and (ii) the sum of all amounts, each of which is the product of (x) the Initial Invested Amount of each Series outstanding on such day; and (y) the Required IA Pool Percentage.
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Required Pool Amount means, on any Determination Day, an amount equal to at least the sum of (a) all amounts, each of which is the product of the (i) Invested Amount of a Series and (ii) the Required Pool Percentage for such Series on such day, plus (b) the sum of the Enhancement Amounts in respect of all Series on such day;
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Examples of Required Pool Amount in a sentence

  • To the extent that Excess Collections exceed Excess Requirements, the balance will bereinvested in Account Assets and will be distributed to the Seller in respect of the Retained Interest; provided, however, that a distribution to the Seller will not be made at any time that the Pool Balance is less than the Required Pool Amount.

  • Any amount of Excess Collections not distributed to the Seller because the Pool Balance is less than the Required Pool Amount will be held unallocated by the Custodian in the Collection Account as property of the Issuer and treated like Collections owned thereby.

  • No distributions of Excess Collections will be made at any time that the Required Pool Amount exceeds the Pool Balance.

  • Reinvestment of Excess Collections‌Except in the circumstances where the Pool Balance is less than the Required Pool Amount or in the circumstances described below under “Excess Collections”, each Co-Owner will reinvest Excess Collections allocable but not distributed to it in respect of its Ownership Interest to sustain the amount of its investment in the undivided co-ownership interest in Account Assets constituted by such Ownership Interest.

  • Excess Collections not distributed will be held unallocated by the Custodian in the Collection Account until a time when the Pool Balance is equal to or exceeds the Required Pool Amount, at which time such amount will be distributed.

  • Any amount of Excess Collections not distributed to the Seller because the Pool Balance is less than the Required Pool Amount will be held unallocated by the Custodian in the Collection Account as property of the Trust and treated like Collections owned thereby.

  • To the extent that Excess Collections exceed Excess Requirements, the balance will be reinvested in Account Assets and will be distributed to the Seller in respect of the Retained Interest; provided, however, that a distribution to the Seller will not be made at any time that the Pool Balance is less than the Required Pool Amount.


More Definitions of Required Pool Amount

Required Pool Amount. ’ means, for a day, an amount equal to the greater of: (i) the sum of all amounts, each of which is the product of (x) the aggregate Unadjusted Invested Amount for all outstanding Series (if such amount is calculated without regard to the proviso in the definition thereof); and (y) the aggregate Required UIA Pool Percentage for all outstanding Series on such day; and (ii) the sum of all amounts, each of which is the product of (x) the aggregate Initial Invested Amount for all outstanding Series on such day; and (y) the aggregate Required IA Pool Percentage for all outstanding Series.
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Required Pool Amount means, on any day, 107% of the Aggregate Invested Amount in respect of such day; provided that the Required Pool Amount may be reduced upon (i) 30 days’ prior notice to the Custodian, each Rating Agency and each Co-Owner; (ii) satisfaction of the Rating Agency Condition in respect of each Series; and (iii) confirmation by the Originator that no Amortization Event in respect of any Series has occurred and that the Originator reasonably believes that such reduction will not, on the date thereof or in the foreseeable future, result in the occurrence of an Amortization Event in respect of any Series. An Amortization Event will occur in the event that the Pool Balance is less than the Required Pool Amount on each Determination Date and such deficiency has not been remedied in accordance with the Pooling and Servicing Agreement.
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Related to Required Pool Amount

  • Adjusted Pool Amount With respect to any Distribution Date and Loan Group, the Cut-off Date Pool Principal Balance of the Mortgage Loans in such Loan Group minus the sum of (i) all amounts in respect of principal received in respect of the Mortgage Loans in such Loan Group (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates on such Distribution Date and all prior Distribution Dates and (ii) the principal portion of all Realized Losses (other than Debt Service Reductions) incurred on the Mortgage Loans in such Loan Group from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Required Percentage As of any Distribution Date following the Stepdown Date, the quotient of (1) the excess of (A) the Stated Principal Balances of the Mortgage Loans as of such Distribution Date, over (B) the Certificate Principal Balance of the most senior Class of Certificates outstanding as of such Distribution Date, prior to giving effect to distributions to be made on such Distribution Date and (2) the Stated Principal Balance of the Mortgage Loans as of such Distribution Date.

  • Adjusted Pool Amount (PO Portion) With respect to any Distribution Date and Loan Group, the sum of the amounts, calculated as follows, with respect to all Outstanding Mortgage Loans of such Loan Group: the product of (i) the PO Percentage for each such Mortgage Loan and (ii) the remainder of (A) the Cut-off Date Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of principal received in respect of such Mortgage Loan (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates of the Related Group on such Distribution Date and all prior Distribution Dates and (y) the principal portion of any Realized Loss (other than a Debt Service Reduction) incurred on such Mortgage Loan from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Required Payment Amount shall have, for any Distribution Date, the meaning specified for such Distribution Date in Section 4.6(a) of the Sale and Servicing Agreement.

  • 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.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • 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 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.

  • 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).

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Required Reserve Account Amount means, with respect to any Distribution Date on or after the Reserve Account Funding Date, an amount equal to (1) 0.50% of the Class A Invested Amount as of the preceding Distribution Date (after giving effect to all changes therein on such date) or (2) any other percentage (which may be 0%) of the Class A Invested Amount designated by the Transferors, provided that if such percentage is less than the percentage specified in clause (1) above, the Transferors shall have received the prior written consent of the Collateral Interest Holder and written notice from each Rating Agency that the Rating Agency Condition shall have been satisfied with respect to such designation and shall have delivered copies of each such written notice to the Servicer and the Trustee.

  • Required Reserve Fund Amount With respect to any Distribution Date on which the Net Excess Spread is less than 0.25%, the amount, if any by which (a) the product of 1.00% and the Pool Balance for such date exceeds (b) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. With respect to any Distribution Date on which the Net Excess Spread is equal to or greater than 0.25%, the amount, if any, by which (i) $1,000 exceeds (ii) the amount on deposit in the Basis Risk Reserve Fund immediately prior to such date. Provided, however, that on any Distribution Date on which the Class Principal Amount of each Class of LIBOR Certificates has been reduced to zero, the Required Reserve Fund Amount shall be zero.

  • Required Spread Account Amount means, for the March 2012 Payment Date and the April 2012 Payment Date, zero, and for any Payment Date thereafter, the product of (i) the Spread Account Percentage in effect on such date and (ii) during (x) the Revolving Period, the Collateral Amount, and (y) during the Controlled Accumulation Period or the Early Amortization Period, the Collateral Amount as of the last day of the Revolving Period; provided that, prior to the occurrence of an Event of Default and acceleration of the Series 2012-1 Notes, the Required Spread Account Amount will never exceed the Class C Note Principal Balance (after taking into account any payments to be made on such Payment Date).

  • Required Amount shall have the meaning set forth in Section 4.8.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Group II Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group II Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group II Allocation Percentage.

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Pre-Funded Amount With respect to any date of determination, the amount on deposit in the Pre-Funding Account.

  • Class Y Principal Reduction Amounts For any Distribution Date, the amounts by which the Class Principal Balances of the Class Y-1 and Class Y-2 Regular Interests, respectively, will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal, determined as described in Appendix 1.

  • Class B Required Amount shall have the meaning set forth in subsection 4.04(b).

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

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.