Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.
Class B Note Interest Shortfall means, with respect to any Distribution Date, (1) the excess of (i) the Class B Noteholders’ Interest Distribution Amount on the preceding Distribution Date over (ii) the amount of interest actually distributed to the Class B Noteholders on such preceding Distribution Date, plus (2) interest on the amount of such excess interest due to the Class B Noteholders, to the extent permitted by law, at the Class B Rate from such preceding Distribution Date to the current Distribution Date.
Class B Note Interest Shortfall means, for any Distribution Date, the excess of:
More Definitions of Class B Note Interest Shortfall
Class B Note Interest Shortfall means, with respect to any Payment Date, the sum of (a) the excess, if any, of (i) the Class B Note Interest Requirement for the preceding Payment Date, over (ii) the amount in respect of interest that was actually paid pursuant to subsection 2.7(e) with respect to interest on the Class B Notes for such preceding Payment Date, plus (b) interest on the amount of interest due but not paid to the Class B Noteholders on the preceding Payment Date, to the extent permitted by law, at the Class B Note Interest Rate from and including such preceding Payment Date to but excluding the current Payment Date.
Class B Note Interest Shortfall means, for any Quarterly Distribution Date, (1) the excess of:
Class B Note Interest Shortfall means, with respect to any Monthly Distribution Date, the excess, if any, of (a) the Class B Noteholders’ Interest Distribution Amount on the immediately preceding Monthly Distribution Date over (b) the amount of interest actually distributed to the Class B Noteholders on such preceding Monthly Distribution Date, plus interest on the amount of such excess interest due to the Class B Noteholders, to the extent permitted by law, at the interest rate borne by the Class B Notes from such immediately preceding Monthly Distribution Date to the current Monthly Distribution Date.
Class B Note Interest Shortfall has the meaning specified in Section 4.4(b) of this Supplement.
Class B Note Interest Shortfall means, with respect to any Distribution Date, (x) the excess of (i) the Class B Noteholders' Interest Distribution Amount on the preceding Distribution Date over (ii) the amount of interest actually distributed to the Class B Noteholders on such preceding Distribution Date, plus (y) interest on the amount of such excess interest due to the Class B Noteholders, to the extent permitted by law, at the Class B Rate from such preceding Distribution Date to the current Distribution Date.
Class B Note Interest Shortfall means, with respect to any quarterly distribution date, the excess, if any, of (a) the class B Noteholders’ interest distribution amount on the immediately preceding quarterly distribution date over (b) the amount of interest actually distributed to the class B noteholders on such preceding quarterly distribution date, plus interest on the amount of such excess interest due to the class B noteholders, to the extent permitted by law, at the interest rate borne by the class B notes from such immediately preceding quarterly distribution date to the current quarterly distribution date, as determined by the trustee.
Class B Note Interest Shortfall means, with respect to any Auction Rate Distribution Date for the Class B-1 Notes, the excess, if any, of (a) the Class B Noteholders’ Interest Distribution Amount on the immediately preceding Auction Rate Distribution Date for the Class B-1 Notes over (b) the amount of interest actually distributed to the Class B Noteholders on such preceding Auction Rate Distribution Date, plus interest accrued on the amount of such excess interest due to the Class B Noteholders, to the extent permitted by law, at the interest rate borne by the Class B-1 Notes for the related Interest Accrual Period, from such immediately preceding Auction Rate Distribution Date to the current Auction Rate Distribution Date, as determined by the Administrator