Noteholders' Principal Carryover Shortfall definition

Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of the Noteholders’ Principal Distributable Amount for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on the Notes on such previous Distribution Date. Noteholders’ Principal Carryover Shortfall is not used to determine the amount of principal due on the Notes on any Distribution Date, but is used solely for reporting purposes.

Noteholders' Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account.

Noteholders' Principal Carryover Shortfall means for any Payment Date, the excess of (x) the Noteholders' Principal Distributable Amount for the preceding Payment Date over (y) the amount in respect of principal actually deposited in the Note Distribution Account on such Payment Date.

Examples of Noteholders' Principal Carryover Shortfall in a sentence

• The amount of the Class B Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A1b above with respect to the Notes.

• The amount of the Class A Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A1b above with respect to the Notes.

• The amount of the Class B Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A1b above with respect to the Notes..

• The amount of the Class A Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A1b above with respect to the Notes..

• Account $0.00 Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Remaining Distributed Spread Account Amount to Noteholders' Distr.

More Definitions of Noteholders' Principal Carryover Shortfall

Noteholders' Principal Carryover Shortfall. As of the close of any ------------------------------------------ Distribution Date, the excess, if any, of Noteholders' Principal Distributable Amount for such Distribution Date over the amount that was actually deposited in the Note Distribution Account on the day preceding such Distribution Date in respect of principal.

Noteholders' Principal Carryover Shortfall. As of the close of business on any Distribution Date, the excess of the sum of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the immediately preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account on such immediately preceding Distribution Date.

Noteholders' Principal Carryover Shortfall. As of the close of any Payment Date, the excess of the sum of the Noteholders' Monthly Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Payment Date over the amount in respect of principal that is actually deposited in the Note Payment Account on such Payment Date.

Noteholders' Principal Carryover Shortfall means, as of the close of ------------------------------------------ any Payment Date, the excess of the Noteholders' Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall for the preceding Payment Date over the amount in respect of principal that was actually deposited in the Note Payment Account on such Payment Date.

Noteholders' Principal Carryover Shortfall means, as of the close of ------------------------------------------ business on any Distribution Date, the excess of (i) the Noteholders' Principal Distribution Amount on such Distribution Date over (ii) the amount of principal actually distributed to the Noteholders on such Distribution Date.

Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date and a Class of Notes, the excess, if any, of the Noteholders' Monthly Principal Distributable Amount for such Class plus any outstanding Noteholders' Principal Carryover Shortfall for such Class for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on such Class on such current Distribution Date.

Noteholders' Principal Carryover Shortfall means, with respect to any Distribution