Certificate Principal Carryover Shortfall definition

Certificate Principal Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the sum of (i) the Certificate Monthly Principal Distributable Amount and (ii) any outstanding Certificate Principal Carryover Shortfall for the preceding Payment Date, over (y) the amount in respect of principal that is actually paid as principal on the Certificates on such Payment Date.
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Certificate Principal Carryover Shortfall means, as of the close business on any Distribution Date, the excess of the Certificate Principal Distributable Amount for such Distribution Date over the amount in respect of principal that is actually deposited in the Certificate Distribution Account on such Distribution Date.
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Certificate Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Certificate Principal Distributable Amount over the amount in respect of principal that is actually deposited in the Certificate Distribution Account on such Distribution Date.
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Examples of Certificate Principal Carryover Shortfall in a sentence

  • Certificate Principal Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 h.

  • Certificate Principal Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 Page 10 (1997-A) 11 XIV.

  • Certificate Principal Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 Page 10 XIV.

  • Certificate Principal Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 h.

  • Certificate Principal Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 Page 10 1997-A 11 XIV.

  • The "CERTIFICATE PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Distribution Date, the sum of (i) the Certificate Percentage of the Regular Principal Distributable Amount for such Distribution Date and (ii) any outstanding Certificate Principal Carryover Shortfall for the immediately preceding Distribution Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance.

  • Certificate Principal Carryover Shortfall, if any, (and change in amount $0.00 from preceding statement) h.

  • Distribution Date and (ii) any outstanding Certificate Principal Carryover Shortfall for the immediately preceding Distribution Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance.

  • The "CERTIFICATE PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Distribution Date, the sum of (i) the Certificate Percentage of the Regular Principal Distributable Amount for such Distribution Date and (ii) any outstanding Certificate Principal Carryover Shortfall for the immediately preceding Distribution Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Principal Balance.

  • Certificate Principal Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 XIV.


More Definitions of Certificate Principal Carryover Shortfall

Certificate Principal Carryover Shortfall. With respect to any Distribution Date, the excess of (i) the Certificate Principal Distributable Amount for the preceding Distribution Date plus any outstanding Certificate Principal Carryover Shortfall with respect to the preceding Distribution Date over
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Related to Certificate Principal Carryover Shortfall

  • Note Principal Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the sum of the Note Monthly Principal Distributable Amount plus any outstanding Note Principal Carryover Shortfall for the preceding Payment Date, over the amount in respect of principal that is actually paid as principal on the Notes on such Payment Date.

  • 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.

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

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.