Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iv) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

Available Funds Shortfall. As defined in Section 3.03(b)(ii)(A).

Available Funds Shortfall. With respect to any Class of Notes and any Payment Date, the sum of (a) the excess, if any, of (i) the amount that would have been the Current Interest for such Class had the Interest Rate for such Class been determined without regard to the Available Funds Rate over (ii) the actual amount of Current Interest for such Class, plus (b) any excess described in clause (a) above and interest described in clause (c) below for any prior Payment Date that remains unpaid, plus (c) interest accrued during the Accrual Period related to such Payment Date on the amount described in clause (b) above at the Interest Rate applicable to such Class, determined without regard to the Available Funds Rate.

Examples of Available Funds Shortfall in a sentence

A Demand under all the Deeds of Guarantee shall be made by the Issuer (acting on behalf of the Trustee) if, on a Calculation Date prior to a Due Date or, if no Demand is made on the Calculation Date, on any Business Day after such Calculation Date but prior to the Cut-Off Date preceding the relevant Due Date, the Issuer determines that it has an Anticipated Available Funds Shortfall in respect of the Guaranteed Amounts scheduled to be paid on the relevant Due Date.
The accounting for such arrangements follows the accounting policy for leases (see accounting policy 19 on page 27).
Available Funds Shortfall means the sum of the amounts payable under items (i) to (vii) and (x) of the Pre-Enforcement Priority of Payments on such Interest Payment Date minus the Available Funds which are available on the relevant Interest Payment Date in July or January (including the remaining amount of the Semi-Annual Loan Income Receipts over the preceding Collection Period).
On each Calculation Date, the Cash Manager shall, on the basis of the information supplied to it by the Servicer, the Issuer Account Bank and the Issuer Transaction Account Bank, calculate the Available Funds, the Available Funds Shortfall and, if applicable, any debits or credits with regard to the Interest Allocation Reserve Ledger in the Issuer Transaction Account.

More Definitions of Available Funds Shortfall

Available Funds Shortfall. As defined in Section 7.03(b)(ii)(A).

Available Funds Shortfall. For the Class B-2 Notes and any Payment Date, the sum of:

Available Funds Shortfall. With respect to any Distribution Date, an amount equal to the excess of the Insured Distribution Amount for such Distribution Date over the Available Funds for such Distribution Date available for distribution in respect of such Insured Distribution Amount.

Available Funds Shortfall. As to any Remittance Date, the amount, if any, by which the Available Distribution Amount is less than the amount required to be distributed on the Certificates on such Remittance Date pursuant to clauses A(i) through (x) or clauses B(i) through (x), as applicable, of Section 6.01(a).