Examples of Unpaid Interest Shortfall Amount in a sentence
CLASS AIO MONTHLY INTEREST The "Class AIO Monthly Interest Distributable DISTRIBUTABLE AMOUNT: Amount" means, for any Distribution Date, the Class AIO Current Interest for that Distribution Date plus any Class AIO Unpaid Interest Shortfall Amount on that Distribution Date.
MONTHLY INTEREST The "Monthly Interest Distributable Amount" for DISTRIBUTABLE AMOUNT: any Distribution Date and the Offered Certificates (other than the Class AIO Certificates and Class P Certificates) and the Class B Certificates, is the sum of (a) the Unpaid Interest Shortfall Amount for that class and Distribution Date and (b) the Current Interest for that class and Distribution Date.
Unpaid Interest Shortfall Amount For any Class of Offered Certificates, the sum of Relief Act Interest Shortfalls and net prepayment interest shortfalls on the mortgage loans allocated to such Class of Offered Certificates on that Distribution Date and such amounts from any prior Distribution Date remaining unpaid.
If on any distribution date, the offered certificates do not receive the related Monthly Interest Distributable Amount and the related Unpaid Interest Shortfall Amount, if any, then such unpaid amounts will be recoverable by the holders of such classes, with interest on such unpaid amounts, on future distribution dates, as Unpaid Interest Shortfall Amounts, subject to the priorities described in this prospectus supplement.
In the event of a shortfall in the full amount necessary to pay both the Unpaid Interest Shortfall Amount and the current interest for a class, distributions will first be applied to the Unpaid Interest Shortfall Amount and then to the Current Interest.