Examples of Prepayment Interest Shortfall in a sentence
Such amount shall not be treated as an Advance and shall not be reimbursable to the Master Servicer, unless a Servicer pays such Prepayment Interest Shortfall amount for a Distribution Date subsequent to that Distribution Date on which the Master Servicer paid such Compensating Interest Payment.
Accordingly, the effect of (i) any Prepayment Interest Shortfall that exceeds any payments made by the Master Servicer from its own funds ("Compensating Interest") or (ii) any shortfalls resulting from the application of the Relief Act, will be to reduce the aggregate amount of interest collected that is available for distribution to certificateholders.
With respect to any Distribution Date, to the extent that the Prepayment Interest Shortfall exceeds Compensating Interest (such excess, a "Non-Supported Interest Shortfall"), such Non-Supported Interest Shortfall shall reduce the Current Interest with respect to each Class of Certificates, pro rata based upon the amount of interest each such Class would otherwise be entitled to receive on such Distribution Date.
Prepayment Interest Shortfall: With respect to any Payment Date, as provided in these Bylaws.
The Administrative Agent will calculate the amount of the Prepayment Interest Shortfall and the Compensating Interest (as those terms are defined in the applicable Pooling Agreement) payable by the Servicer to the applicable Trustee monthly in accordance with the requirements of each Pooling Agreement.