Shortfall Note Payment(s) definition

Shortfall Note Payment(s) means individually, any payments, and collectively, all payments, due and to become due under the Shortfall Note, and all collections thereon, and all other amounts paid thereunder including any and all prepayments; and all other cash and non-cash proceeds thereof.
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Examples of Shortfall Note Payment(s) in a sentence

  • Borrower will diligently and in good faith do all things and take all actions, including bringing appropriate actions against the applicable note obligor that are necessary or desirable to enforce the obligations of such note obligor to make the Shortfall Note Payments and the ▇▇▇▇▇▇▇▇▇▇ Note Payments, as applicable, and to protect and preserve the interest of Lender, under the assignment contained herein.

  • Borrower shall keep at all times complete and accurate records of all Shortfall Note Payments and the ▇▇▇▇▇▇▇▇▇▇ Note Payments received by Borrower and shall allow Lender upon reasonable notice to inspect, audit, check and make extracts from such records, and Lender shall have the right to make direct verification from CIC and/or ▇▇▇▇▇▇▇▇▇▇.

Related to Shortfall Note Payment(s)

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • Class B-4 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-4 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-4 Certificates on such Distribution Date pursuant to Paragraph fourteenth of Section 4.01(a).

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: