Class C Shortfall definition

Class C Shortfall has the meaning set forth in Section 2.3(g)(iii).

Class C Shortfall. As defined in Section 10.01(l) hereof.

Class C Shortfall. As defined in Section 4.05(l) hereof.

Examples of Class C Shortfall in a sentence

• Interest shall accrue on the Class C Shortfall at the Class C Note Rate.

• Class C Shortfall Amount At any time of determination, the excess (if any) of the Aggregate Loss Determination Amount over the Class C Threshold Amount.

• Section 3 – Interest Payment OptionsYou should consider whether you wish to apply for an Interest Prepayment Loan.If you are applying for a Unit Class C Shortfall Repayment Loan, you cannot apply for an IPL.

• Class C Shortfall Amount At any time of determination, the excess (if any) of the Aggregate Loss Determination Amount over the Threshold Amount.

• The failure to pay the Class C Priority Payment, the Class C Shortfall Priority Payment or the additional distribution in an amount equal to 20% of any remaining amounts after payments senior in right of such payment as set forth herein under “Description of the Notes—Payments on the Notes; Priority of Distributions” have been paid with respect to the Class C Notes will not constitute an Event of Default.

More Definitions of Class C Shortfall

Class C Shortfall. As defined in Section 4.05(l) hereof. Class L1-Y-A Regular Interests: Any of fifty-nine uncertificated undivided beneficial interests in REMIC I which constitute REMIC I Regular Interests and are entitled to distributions as set forth herein. Class L1-Y-B Regular Interests: Any of fifty-nine uncertificated undivided beneficial interests in REMIC I which constitute REMIC I Regular Interests and are entitled to distributions as set forth herein.