Certificateholders' Interest Carryover Shortfall means, with respect to any Distribution Date, the excess of the sum of the Certificateholders' Monthly Interest Distributable Amount for the preceding Distribution Date and any outstanding Certificateholders' Interest Carryover Shortfall on such preceding Distribution Date, over the amount in respect of interest that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus 30 days' interest on such excess, to the extent permitted by law, at the Pass-Through Rate.

Certificateholders' Interest Carryover Shortfall means, (a) for the initial Payment Date, zero, and (b) for any other Payment Date, the excess of the Certificateholders' Interest Distributable Amount for the preceding Payment Date over the amount in respect of the interest actually deposited in the Certificate Distribution Account on such preceding Payment Date, plus interest on such excess, to the extent permitted by law, at the Certificate Rate from and including such preceding Payment Date to, but excluding, the current Payment Date.

Certificateholders' Interest Carryover Shortfall means, for any Distribution Date, the excess of the Certificateholders' Monthly Interest Distributable Amount for the preceding Distribution Date and any outstanding Certificateholders' Interest Carryover Shortfall on such preceding Distribution Date, over the amount in respect of interest at the Certificate Rate that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, in an amount equal to the product of one-twelfth multiplied by the Certificate Rate multiplied by the amount of such excess.

Examples of Certificateholders' Interest Carryover Shortfall in a sentence

The amount of the distribution set forth in paragraph A.1.(a) above in respect of Certificateholders' Interest Carryover Shortfall...............
The amount of the Certificateholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above...............
Certificateholders' Interest Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 8.
Account $0.00 Adjustment to Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $0.00 Adjustment to Prelim.
Account $0.00 Adjustment to Certificateholders' Interest Carryover Shortfall $0.00 Adjustment to Certificateholders' Principal Carryover Shortfall $0.00 Prelim.

More Definitions of Certificateholders' Interest Carryover Shortfall

Certificateholders' Interest Carryover Shortfall. As of the close of any Distribution Date, the excess of (i) the Certificateholders' Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Certificate Distribution Account on such current Distribution Date in respect of interest on the Certificates.

Certificateholders' Interest Carryover Shortfall means, with respect to any Distribution Date, the excess of (i) the Certificateholders' Interest Distribution Amount on the preceding Distribution Date over (ii) the amount of interest actually distributed to the holders of the Certificates on such preceding Distribution Date, plus interest on the amount of such excess interest due to the holders of the Certificates, to the extent permitted by law, at the Certificate Rate from such preceding Distribution Date to the current Distribution Date.

Certificateholders' Interest Carryover Shortfall means, with respect to any Distribution Date, the sum of (a) the excess, if any, of (i) the sum of (A) the Monthly Certificate Interest for the preceding Distribution Date and (B) any outstanding Certificateholder's Interest Carryover Shortfall on such preceding Distribution Date, over (ii) the amount in respect of interest that is actually deposited in the Certificate Distribution Account on the preceding Distribution Date, and (b) interest on such excess, to the extent permitted by law, at the Certificate Rate from such preceding Distribution Date through the current Distribution Date.

Certificateholders' Interest Carryover Shortfall means, with respect to any Distribution Date and a Class of Certificates, the excess, if any, of the sum of the Certificateholders' Monthly Interest Distributable Amount for such Class for the preceding Distribution Date plus any outstanding Certificateholders' Interest Carryover Shortfall for such Class on such preceding Distribution Date, over the amount in respect of interest that is actually paid on the Certificates of such Class on such preceding Distribution Date, plus, to the extent permitted by applicable law, interest on the Certificateholders' Interest Carryover Shortfall at the related Pass-Through Rate for such Class for the related Interest Period.

Certificateholders' Interest Carryover Shortfall. With respect to any Monthly Distribution Date, the excess of (a) the Aggregate Certificateholders’ Interest for such Monthly Distribution Date over (b) the amount that was actually deposited in the Certificate Distribution Account on such Monthly Distribution Date in respect of Aggregate Certificateholders’ Interest.

Certificateholders' Interest Carryover Shortfall. With respect to any Distribution Date, the excess of the Certificateholders' Interest Distributable Amount for the preceding Distribution Date over the amount in respect of interest on the Certificates that was actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, at the Certificate Rate from such preceding Distribution Date to but excluding the current Distribution Date.

Certificateholders' Interest Carryover Shortfall means as to any Class of Certificates, with respect to any Certificate Distribution Date, the excess, if any, of (i) the sum of the related Certificateholders' Interest Distribution Amount on the preceding Certificate Distribution Date and any outstanding Certificateholders' Interest Carryover Shortfall on such preceding Certificate Distribution Date over (ii) the amount of interest actually distributed to such Certificateholders on such preceding Certificate Distribution Date, plus interest on the amount of such excess interest due to such Certificateholders, to the extent permitted by law, at the related Certificate Rate from such preceding Certificate Distribution Date to the current Certificate Distribution Date.