Certificate Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the sum of (i) the Certificate Monthly Interest Distributable Amount and (ii) any outstanding Certificate Interest Carryover Shortfall for the preceding Payment Date, over (y) the amount in respect of interest on the Certificates that is actually paid as interest on the Certificates on such Payment Date, plus, to the extent permitted by applicable law, interest on the Certificate Interest Carryover Shortfall at the Certificate Rate for the Interest Accrual Period.

Certificate Interest Carryover Shortfall means, with respect to any Distribution Date, the excess of the Certificate Interest Distributable Amount for the immediately preceding Distribution Date over the amount in respect of interest on the Certificates that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, at the Certificate Rate for the Interest Accrual Period with respect to the Distribution Date for which such Certificate Interest Carryover Shortfall is being calculated; provided, however, that the Certificate Interest Carryover Shortfall for the first Distribution Date shall be zero.

Certificate Interest Carryover Shortfall means, with respect to any Distribution Date, the excess of the sum of the Certificate Monthly Interest Distributable Amount for the immediately preceding Distribution Date and any outstanding Certificate Interest Carryover Shortfall on such preceding Distribution Date, over the amount in respect of interest on the Certificates that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, at the Pass-Through Rate for the related Interest Period.

Examples of Certificate Interest Carryover Shortfall in a sentence

Certificate Interest Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 8.
Certificate Interest Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 8.
Carryover Shortfall 0.00 Certificate Monthly Interest Certificate Interest Carryover Shortfall 0.00 Certificate Interest on Interest Carryover Shortfall 0.00 Certificate Monthly Available Interest Distribution Amount 0.00 Certificate Monthly Interest Paid 0.00 Chg in Certificate Int.
Carryover Shortfall 0.00 0.00 Certificate Monthly Interest Certificate Interest Carryover Shortfall 0.00 Certificate Interest on Interest Carryover Shortfall 0.00 Certificate Monthly Available Interest Distribution Amount 0.00 Certificate Monthly Interest Paid 0.00 Chg in Certificate Int.
Separates from Service for reasons other than Retirement and has not made a payment election under Section 3.4 will be a lump sum payment, as provided in Section 3.4. If a release or other signed commitment of the Participant is required before payment, the special timing rule of Section 3.9 applies.

More Definitions of Certificate Interest Carryover Shortfall

Certificate Interest Carryover Shortfall means, with respect to any ---------------------------------------- Distribution Date, the sum of (i) all accrued but unpaid Certificate Monthly Interest Distributable Amount for previous Distribution Dates plus (ii) to the extent permitted by law, interest on such accrued but unpaid Certificate Monthly Interest Distributable Amount at the Certificate Rate.

Certificate Interest Carryover Shortfall means, (a) for the initial Distribution Date, zero, and (b) with respect to any other Distribution Date, the excess of the Certificate Interest Distributable Amount with respect to the immediately preceding Distribution Date, over the amount in respect of interest on the Certificates that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, at the Pass-Through Rate for the related Interest Period.

Certificate Interest Carryover Shortfall. With respect to any Distribution Date, the excess of (a) the Certificate Interest Distributable Amount for the preceding Distribution Date plus any outstanding Certificate Interest Carryover Shortfall with respect to the preceding Distribution Date over (b) the amount of interest that the holders of the Certificates actually received on such preceding Distribution Date.

Certificate Interest Carryover Shortfall shall have the meaning assigned thereto in the Trust Agreement.

Certificate Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the sum of (a) the Monthly Accrued Certificate

Certificate Interest Carryover Shortfall means, with respect to any Distribution Date, the excess of the sum of the Certificate Interest Distributable Amount for the immediately preceding Distribution Date and any outstanding Certificate Interest Carryover Shortfall on such preceding Distribution Date, over the amount in respect of interest on the Certificates that is actually deposited in the Certificate Distribution Account on such preceding Distribution Date, plus interest on such excess, to the extent permitted by law, at the Certificate Rate for the Interest Accrual Period with respect to the Distribution Date for which such Certificate Interest Carryover Shortfall is being calculated.

Certificate Interest Carryover Shortfall means, with respect to any Distribution Date, the excess sum of the Certificate Monthly Interest Distributable Amount plus any outstanding Certificate Interest Carryover Shortfall for the preceding Distribution Date, over the amount in respect of interest on the Certificates that is actually paid as interest on the Certificates on such Distribution Date.