Principal Shortfall Amount definition

Principal Shortfall Amount means, in respect of a Failure to Pay Principal, an amount equal to the greater of:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Principal Shortfall Amount means, with respect to any Payment Date, the excess of the Principal Distribution Amount for the preceding Payment Date over the amount in respect of the Principal Distribution Amount that is actually deposited in the Note Payment Account on such preceding Payment Date.

Principal Shortfall Amount. Class A Notes Class A-1 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-2 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-3 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-4 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-5 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Subordinated Notes $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Trust Certificates $0.00 Dollar Amount per $1,000 of original principal balance $0.00

Examples of Principal Shortfall Amount in a sentence

In determining the Proposed Principal Shortfall Amount for each Collateral Certificate, the Servicer agrees to determine such amount in a manner that shall maximize the amount of payments received from Collateral Certificates in respect of Proposed Principal Shortfalls Amounts.
In determining the Proposed Principal Shortfall Amount for each Asset Pool One Collateral Certificate, the Servicer agrees to determine such amount in a manner that shall maximize the amount of payments received from Asset Pool One Collateral Certificates in respect of Proposed Principal Shortfall Amounts.
The Servicer shall determine the aggregate amount of such Remaining Series Available Principal Collections Shortfalls for all Series of Asset Pool One Notes for such Monthly Period and shall propose, with respect to each Asset Pool One Collateral Certificate, a principal shortfall amount (the "Proposed Principal Shortfall Amount") for such Monthly Period.
In determining the Proposed Principal Shortfall Amount for each Asset Pool One Collateral Certificate, the Servicer agrees to determine such amount in a manner that shall maximize the amount of payments received from Asset Pool One Collateral Certificates in respect of Proposed Principal Shortfalls Amounts.
The Servicer shall determine the aggregate amount of such Remaining Series Available Principal Collections Shortfalls for all Series of Notes for such Monthly Period and shall propose, with respect to each Collateral Certificate, a principal shortfall amount (the "Proposed Principal Shortfall Amount") for such Monthly Period.

More Definitions of Principal Shortfall Amount

Principal Shortfall Amount has the meaning given to it in the Service Agency Agreement.

Principal Shortfall Amount means, in respect of any Reference Obligation and a Failure to Pay Principal, an amount equal to the greater of:

Principal Shortfall Amount. With respect to any Payment Date, an amount equal to the aggregate amount of principal payments on the Notes that were owed on prior Payment Dates but not made to the Holders prior to such Payment Date.

Principal Shortfall Amount which means, with respect to a Failure to Pay Principal, an amount equal to the greater of (i) zero and (ii) an amount equal to the product of (A ) the Expected Principal Amount minus the Actual Principal Amount, (B) the Applicable Percentage and (C) the Reference Price. If the Principal Shortfall Amount would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then the Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.

Principal Shortfall Amount. With respect to any Distribution Date and Certificate Group, the excess of the related Monthly Principal Amount for the preceding Distribution Date and any outstanding Principal Shortfall Amount on such preceding Distribution Date over the amount in respect of principal that is actually distributed to the related Class A Certificateholders on such preceding Distribution Date. Prospectus: The base prospectus dated [________] [___], 200[__].

Principal Shortfall Amount means, with respect to a Reference Obligation, in respect of a Failure to Pay Principal, an amount in the Reference Currency equal to the greater of:

Principal Shortfall Amount. The excess, if any, of the aggregate Certificate Principal Balance of the Class A Certificates over the aggregate principal balance of the Mortgage Loans.