Interest Shortfall Amount definition

Interest Shortfall Amount means, with respect to a Buyer Calculation Period, an amount equal to:

Interest Shortfall Amount means, for any Payment Date and a Class of Notes, the excess, if any of (a) the Interest Payment Amount for such Class of Notes for the immediately preceding Payment Date over (b) the amount paid to the holders of such Class of Notes in respect of the Interest Payment Amount for such Class of Notes on such immediately preceding Payment Date plus interest on that amount at the applicable Note Rate.

Interest Shortfall Amount is defined in Section 5A.3(c).

Examples of Interest Shortfall Amount in a sentence

• The aggregate of the Servicing Fees payable to the Servicer for any month with respect to the Mortgage Loans shall be reduced by any Prepayment Interest Shortfall Amount with respect to such month.

• The Servicer shall not be obligated to pay any Prepayment Interest Shortfall Amount with respect to any Relief Act Reduction or bankruptcy.

• The Servicer shall be required to deposit in the Custodial Account, and retain therein with respect to each Principal Prepayment, the Prepayment Interest Shortfall Amount, if any, for the related Due Period.

• The Servicer shall be obligated to pay the aggregate Prepayment Interest Shortfall Amount for any month to the extent not covered by the aggregate Xxxxx Fargo Servicing Fees for such month up to a maximum of the aggregate General Servicing Fees for such month.

• The aggregate Xxxxx Fargo Servicing Fees for any month with respect to the Mortgage Loans shall be reduced by the aggregate Prepayment Interest Shortfall Amount for such month.

More Definitions of Interest Shortfall Amount

Interest Shortfall Amount means, as to any Distribution Date and any Class of Regular Certificates, the amount, if any, by which the amount distributed on such Class on such Distribution Date in respect of interest is less than the related Optimal Interest Distribution Amount.

Interest Shortfall Amount means, on any Guarantor Payment Date, an amount equal to the difference, if positive, between (a) the aggregate amounts payable (but for the operation ofclause 13 (Enforcement of Security, Non Petition and Limited Recourse) of the Intercreditor Agreement) under items (First) to (Fourth) of the Pre-Issuer Default Interest Priority of Payments; and (b) the Interest Available Funds (net of such Interest Shortfall Amount) on such Guarantor Payment Date.

Interest Shortfall Amount means, as of any Payment Date, the sum of (i) any Class A Interest Shortfall Amount, (ii) any Class B Interest Shortfall Amount and (iii) any Class C Interest Shortfall Amount.

Interest Shortfall Amount has the meaning ascribed to such term in Section 4.1.4.

Interest Shortfall Amount is defined in Section 2.9(e).

Interest Shortfall Amount. As to any Distribution Date and any Class of Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Section 4.01(a).

Interest Shortfall Amount means, on any Guarantor Payment Date, an amount equal to difference, if positive, between (a) the aggregate amounts payable under items First to Sixth of the Pre-Issuer Default Interest Priority of Payments; and (b) the Interest Available Funds (net of such Interest Shortfall Amount) on such Guarantor Payment Date.