Unpaid Basis Risk Shortfall definition

Unpaid Basis Risk Shortfall. With respect to any Distribution Date and any LIBOR Certificate, the aggregate of all Basis Risk Shortfalls with respect to such Certificate remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Certificate Interest Rate (calculated without giving effect to the applicable Net Funds Cap) but limited to a rate no greater than the applicable Maximum Interest Rate.

Unpaid Basis Risk Shortfall. With respect to any Distribution Date and any Class of Offered Certificates, the aggregate of all Basis Risk Shortfalls with respect to such Class remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Certificate Interest Rate computed without regard to the applicable Net Funds Cap.

Unpaid Basis Risk Shortfall. With respect to any Payment Date and any Class of Notes, the aggregate of all Basis Risk Shortfalls with respect to such Class remaining unpaid from all previous Payment Dates, plus interest accrued thereon at the applicable Note Interest Rate (calculated without giving effect to the applicable Net Funds Cap).

Examples of Unpaid Basis Risk Shortfall in a sentence

• The "Unpaid Basis Risk Shortfall" for any class of notes on any Payment Date will be the aggregate of all Basis Risk Shortfalls for such class of notes for all previous Payment Dates, together with interest thereon at the applicable Interest Rate, less all payments made with respect to such class of notes in respect of such Basis Risk Shortfalls on or prior to such Payment Date.

• The "Unpaid Basis Risk Shortfall" for any class of Certificates on any Distribution Date will be the aggregate of all Basis Risk Shortfalls for such class for all previous Distribution Dates, together with interest thereon at the applicable interest rate, less all payments made with respect to such class in respect of such Basis Risk Shortfalls on or prior to such Distribution Date.

• With respect to any Distribution Date, an amount equal to the sum of (i) any Basis Risk Shortfall for such Distribution Date applicable to the Group 2 Certificates, (ii) any Unpaid Basis Risk Shortfall from previous Distribution Dates applicable to the Group 2 Senior Certificates and (iii) any Pool 2 Required Reserve Fund Amount applicable to the Pool 2 Basis Risk Reserve Fund for such Distribution Date.

• With respect to any Distribution Date, an amount equal to the sum of (i) any Basis Risk Shortfall for such Distribution Date applicable to the Group II Certificates, (ii) any Unpaid Basis Risk Shortfall from previous Distribution Dates applicable to the Group 2 Senior Certificates and (iii) any Pool 3 Required Reserve Fund Amount applicable to the Pool 3 Basis Risk Reserve Fund for such Distribution Date.

• With respect to any Distribution Date, an amount equal to the sum of (i) any Basis Risk Shortfall for such Distribution Date applicable to the Group 3 Certificates, (ii) any Unpaid Basis Risk Shortfall from previous Distribution Dates applicable to the Group 3 Senior Certificates and (iii) any Required Reserve Fund Amount applicable to the Pool 3 Basis Risk Reserve Fund for such Distribution Date.

More Definitions of Unpaid Basis Risk Shortfall

Unpaid Basis Risk Shortfall. With respect to the Class A Certificates and the Mezzanine Certificates and any Distribution Date, an amount equal to (i) the Basis Risk Shortfall for the previous Distribution Date, plus (ii) the unpaid Basis Risk Shortfall for the previous Distribution Date, to the extent not paid on the previous Distribution Date, plus (iii) interest accrued on the unpaid amount for the most recently ended Interest Accrual Period at the applicable Pass-Through Rate.

Unpaid Basis Risk Shortfall. With respect to any Distribution Date and the Class I-A-2 Certificates, the excess, if any, of (x) the Basis Risk Shortfall for such Class of Certificates for such Distribution Date, over (y) the Yield Supplement Amount, if any, distributed in respect of such Class of Certificates on such Distribution Date.

Unpaid Basis Risk Shortfall. With respect to any Distribution Date, any LIBOR Certificate any Class M4-F or Class B Certificate, the aggregate of all Basis Risk Shortfalls with respect to such Certificate remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Certificate Interest Rate (calculated without giving effect to the applicable Net Funds Cap or Subordinate Net Funds Cap) but limited to a rate no greater than the Maximum Interest Rate.

Unpaid Basis Risk Shortfall. For each Class of Offered Certificates and any Distribution Date, the aggregate of all Basis Risk Shortfalls for such Class remaining unpaid from all previous Distribution Dates, together with interest thereon at the applicable Pass-Through Rate, computed without regard to the applicable Net WAC Cap, but limited to a rate no greater than the Net Maximum Rate Cap.

Unpaid Basis Risk Shortfall. With respect to any Distribution Date and any Class of Group 1 Certificates or LIBOR Certificates, the aggregate of all Basis Risk Shortfalls with respect to such Class remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Interest Rate (calculated without giving effect to the Pool 1 Available Funds Cap, Pool 2 Available Funds Cap or Subordinate Available Funds Cap, as applicable). Upper Tier REMIC: REMIC 4.

Unpaid Basis Risk Shortfall. With respect to each Class of LIBOR Certificates and any Distribution Date, the aggregate of all Basis Risk Shortfalls for such Class remaining unpaid from all previous Distribution Dates, together with interest thereon at the applicable Pass-Through Rate, computed without regard to the applicable Net WAC Cap, but limited to a rate no greater than 10.50% per annum.

Unpaid Basis Risk Shortfall. Not applicable.