{"component": "definition", "props": {"groups": [{"size": 176, "samples": [{"hash": "bnH9Qh6JiNP", "uri": "/contracts/bnH9Qh6JiNP#principal-shortfall", "label": "Pooling and Servicing Agreement (BMO 2023-C7 Mortgage Trust)", "score": 34.9219703674, "published": true}, {"hash": "j3JR1nBJXIt", "uri": "/contracts/j3JR1nBJXIt#principal-shortfall", "label": "Pooling and Servicing Agreement (BMO 2022-C3 Mortgage Trust)", "score": 33.7638587952, "published": true}, {"hash": "3mBP7tgSDuH", "uri": "/contracts/3mBP7tgSDuH#principal-shortfall", "label": "Pooling and Servicing Agreement (BMO 2022-C2 Mortgage Trust)", "score": 33.5256690979, "published": true}], "snippet": "For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.", "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [8, 25]}, {"key": "principal-distribution-amount", "type": "definition", "offset": [64, 93]}, {"key": "aggregate-amount", "type": "definition", "offset": [147, 163]}, {"key": "with-respect-to", "type": "clause", "offset": [185, 200]}, {"key": "the-non", "type": "clause", "offset": [214, 221]}, {"key": "principal-balance-certificates", "type": "definition", "offset": [242, 272]}, {"key": "in-respect-of", "type": "clause", "offset": [309, 322]}], "hash": "9b36dd8608864adaebe81f935788f71b", "id": 1}, {"size": 171, "samples": [{"hash": "9nOQKKyfsEi", "uri": "/contracts/9nOQKKyfsEi#principal-shortfall", "label": "Indenture Supplement (Synchrony Credit Card Master Note Trust)", "score": 30.1416835785, "published": true}, {"hash": "c8zU1wHwW9z", "uri": "/contracts/c8zU1wHwW9z#principal-shortfall", "label": "Indenture Supplement (RFS Holding LLC)", "score": 29.42710495, "published": true}, {"hash": "jwg6KG6W2kP", "uri": "/contracts/jwg6KG6W2kP#principal-shortfall", "label": "Indenture Supplement (Synchrony Credit Card Master Note Trust)", "score": 29.3887748718, "published": true}], "snippet": "is defined in Section 4.9.", "snippet_links": [{"key": "section-49", "type": "clause", "offset": [14, 25]}], "hash": "ad3adad5722409a0084227ba486f0e8e", "id": 2}, {"size": 105, "samples": [{"hash": "cqV2OvqzHWK", "uri": "/contracts/cqV2OvqzHWK#principal-shortfall", "label": "Pooling and Servicing Agreement (Bank 2026-Bnk52)", "score": 37.4544830322, "published": true}, {"hash": "5FKq2FtRApM", "uri": "/contracts/5FKq2FtRApM#principal-shortfall", "label": "Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2026-C66)", "score": 37.2409324646, "published": true}, {"hash": "dGGt1IEH7Iv", "uri": "/contracts/dGGt1IEH7Iv#principal-shortfall", "label": "Pooling and Servicing Agreement (BMO 2026-C14 Mortgage Trust)", "score": 37.0766601562, "published": true}], "snippet": "For any Distribution Date after the initial Distribution Date with respect to the Mortgage Loans, the amount, if any, by which (a) the related Principal Distribution Amount for the preceding Distribution Date, exceeds (b) the aggregate amount actually distributed on the preceding Distribution Date in respect of such Principal Distribution Amount. 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The Principal Shortfall for the initial Distribution Date will be zero. With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.01(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all Principal Shortfalls of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange and conversion of such Exchangeable Certificates for Class EC Certificates; provided, however, that all Principal Shortfalls that are allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocable to such Class EC Certificates, without duplication.", "snippet_links": [{"key": "initial-distribution-date", "type": "definition", "offset": [36, 61]}, {"key": "with-respect-to", "type": "clause", "offset": [62, 77]}, {"key": "the-mortgage-loans", "type": "clause", "offset": [78, 96]}, {"key": "principal-distribution-amount", "type": "definition", "offset": [143, 172]}, {"key": "aggregate-amount", "type": "definition", "offset": [226, 242]}, {"key": "in-respect-of", "type": "clause", "offset": [255, 268]}, {"key": "the-class-a", "type": "definition", "offset": [282, 294]}, {"key": "class-b", "type": "definition", "offset": [379, 386]}, {"key": "class-c", "type": "definition", "offset": [388, 395]}, {"key": "class-d", "type": "definition", "offset": [397, 404]}, {"key": "class-f", "type": "clause", "offset": [415, 422]}, {"key": "certificates-for", "type": "clause", "offset": [436, 452]}, {"key": "pursuant-to-section", "type": "definition", "offset": [486, 505]}, {"key": "the-principal", "type": "definition", "offset": [551, 564]}, {"key": "class-of", "type": "definition", "offset": [644, 652]}, {"key": "exchangeable-certificates-and-the-class-ec-certificates", "type": "clause", "offset": [653, 708]}, {"key": "for-purposes-of", "type": "clause", "offset": [710, 725]}, {"key": "allocations-and-distributions", "type": "clause", "offset": [738, 767]}, {"key": "this-agreement", "type": "clause", "offset": [793, 807]}, {"key": "principal-shortfalls", "type": "definition", "offset": [884, 904]}, {"key": "conversion-of", "type": "clause", "offset": [1029, 1042]}, {"key": "for-class", "type": "clause", "offset": [1074, 1083]}, {"key": "without-duplication", "type": "clause", "offset": [1320, 1339]}], "hash": "8551ecaa19d7e949099ab0c2fa0f7e23", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIccHJpbmNpcGFsLXNob3J0ZmFsbCMwMDAwMDAwYQyiAQJlbhgAIAA=", "definition": {"size": 1027, "snippet": "For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.", "title": "Principal Shortfall", "id": "principal-shortfall", "examples": ["On each Payment Date, Series 2026-1 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the <strong>Principal Shortfall</strong> for Series 2026-1 for that Payment Date and a denominator equal to the aggregate amount of <strong>Principal Shortfalls</strong> for all Principal Sharing Series in Principal Sharing Group One for that Payment Date.", "On each Payment Date, Series 2026-2 will be allocated an amount equal to the product of (a) the aggregate amount of Shared Principal Collections for all Principal Sharing Series in Principal Sharing Group One for that Payment Date, times (b) a fraction with a numerator equal to the <strong>Principal Shortfall</strong> for Series 2026-2 for that Payment Date and a denominator equal to the aggregate amount of <strong>Principal Shortfalls</strong> for all Principal Sharing Series in Principal Sharing Group One for that Payment Date."], "related": [["principal-shortfalls", "Principal Shortfalls", "<strong>Principal Shortfalls</strong>"], ["series-principal-shortfall", "Series Principal Shortfall", "Series <strong>Principal Shortfall</strong>"], ["daily-principal-shortfall", "Daily Principal Shortfall", "Daily <strong>Principal Shortfall</strong>"], ["class-a-note-principal-shortfall", "Class A Note Principal Shortfall", "Class A Note <strong>Principal Shortfall</strong>"], ["class-b-note-principal-shortfall", "Class B Note Principal Shortfall", "Class B Note <strong>Principal Shortfall</strong>"]], "related_snippets": [], "updated": "2026-07-02T05:10:56+00:00"}, "json": true, "cursor": ""}}