Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑1 Interest Distributable Amount for such Payment Date and any outstanding Class A‑1 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑1 Interest Carryover Shortfall at the Class A‑1 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑1 Notes for the same period), over (y) the amount of interest distributed to the Class A‑1 Noteholders on such Payment Date.

Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class A-1 Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class A-1 Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to the product of (i) the Class A-1 Interest Rate, (ii) such excess, and (iii) a fraction equal to the number of days in the related Accrual Period divided by 360.

Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A-1 Interest Distributable Amount for such Payment Date and any outstanding Class A-1 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A-1 Interest Carryover Shortfall at the Class A-1 Rate, to the extent lawful, calculated on the same basis as interest on the Class A-1 Notes for the same period), over (y) the amount of interest distributed to the Class A-1 Noteholders on such Payment Date.

Examples of Class A-1 Interest Carryover Shortfall in a sentence

Class A-1 Interest Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 2.
Class A-1 Interest Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 2.
Class A-1 Interest Carryover Shortfall, if any (and change in amount from preceding statement $0.00 2.
If the Issuer defaults in a payment of interest on the Notes, and such default is waived by the Controlling Party, the Issuer shall pay the Class A-1 Interest Carryover Shortfall, the Class A-2 Interest Carryover Shortfall, the Class A-3 Interest Carryover Shortfall or the Class A-4 Interest Carryover Shortfall to the related Noteholders, as applicable, on the immediately following Payment Date.
Class A-1 Interest Carryover Shortfall, if any (and change in amount from preceding statement) $ 0.00 2.

More Definitions of Class A-1 Interest Carryover Shortfall

Class A-1 Interest Carryover Shortfall means, with respect to any Distribution Date, the amount, if any, by which the sum of the Class A-1 Monthly Interest Distributable Amount for the preceding Distribution Date and any outstanding Class A-1 Interest Carryover Shortfall on such preceding Distribution Date exceeds the amount in respect of interest for the Class A-1 Notes actually deposited in the Note Interest Distribution Account on such preceding Distribution Date, plus interest on the amount of interest due but not paid to the Class A-1 Noteholders on such preceding Distribution Date, to the extent permitted by law, at the Class A-1 Rate.

Class A-1 Interest Carryover Shortfall. With respect to any Distribution Date, the excess of the Class A-1 Interest Distributable Amount for the preceding Distribution Date over the amount in respect of interest on the Class A-1 Notes that was actually deposited in the Note Distribution Account on such preceding Distribution Date, plus interest on the amount of interest due but not paid to Class A-1 Noteholders on the preceding Distribution Date, to the extent permitted by law, at the Class A-1 Interest Rate from such preceding Distribution Date to but excluding the current Distribution Date.

Class A-1 Interest Carryover Shortfall means, as of the close of business on any Payment Date, the excess of the Class A-1 Interest Payment Amount for such Payment Date and (without duplication) any outstanding Class A-1 Interest Carryover Shortfall from the preceding Payment Date plus interest on such outstanding Class A-1 Interest Carryover Shortfall, to the extent permitted by applicable law, at the Class A-1 Note Rate for the related Accrual Period (calculated on the basis of the actual number of days elapsed during such Accrual Period and a 360 day year) over the amount of interest actually paid to the holders of the Class A-1 Notes on such current Payment Date.

Class A-1 Interest Carryover Shortfall means, as of the close of business on any Payment Date, the excess of the Class A-1 Interest Payment Amount for such Payment Date and (without duplication) any outstanding Class A-1 Interest Carryover Shortfall from the preceding Payment Date, plus interest on such outstanding Class A-1 Interest Carryover Shortfall, to the extent permitted by applicable law, at the Class A-1 Note Rate for the related Accrual Period (based on the actual number of days elapsed during such Accrual Period based on a 360 day year), over the amount of interest actually paid to the holders of the Class A-1 Notes on such current Payment Date.

Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class A-1 Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class A-1 Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to the product of (i) the Class A-1 Interest Rate, (ii) such excess, and (iii) a fraction, the numerator of which is the actual number of days elapsed since the preceding Payment Date (or the Closing Date, in the case of the first Payment Date) and the denominator of which is 360.

Class A-1 Interest Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of (i) the Class A-1 Interest Distributable Amount for such Distribution Date plus any outstanding Class A-1 Interest Carryover Shortfall from the immediately preceding Distribution Date plus interest on such outstanding Class A-1 Interest Carryover Shortfall, to the extent permitted by law, at the Class A-1 Note Rate from such immediately preceding Distribution Date to but not including the current Distribution Date, over (ii) the amount of interest distributed to Class A-1 Noteholders on such current Distribution Date.

Class A-1 Interest Carryover Shortfall. With respect to the Distribution Date occurring in August 2013, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class A-1 Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class A-1 Notes.