Class A-4 Interest Carryover Shortfall definition

Class A-4 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑4 Interest Distributable Amount for such Payment Date and any outstanding Class A‑4 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑4 Interest Carryover Shortfall at the Class A‑4 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑4 Notes for the same period), over (y) the amount of interest distributed to the Class A‑4 Noteholders on such Payment Date.
Sample 1Sample 2Sample 3
Class A-4 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class A-4 Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class A-4 Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to the product of (i) the Class A-4 Interest Rate, (ii) such excess, and (iii) a fraction equal to one-twelfth.
Sample 1Sample 2Sample 3
Class A-4 Interest Carryover Shortfall means, with respect to any Distribution Date, the amount, if any, by which the sum of the Class A-4 Monthly Interest Distributable Amount for the preceding Distribution Date and any outstanding Class A-4 Interest Carryover Shortfall on such preceding Distribution Date exceeds the amount in respect of interest for the Class A-4 Notes actually deposited in the Note Interest Distribution Account on such preceding Distribution Date, plus interest on the amount of interest due but not paid to the Class A-4 Noteholders on such preceding Distribution Date, to the extent permitted by law, at the Class A-4 Rate.
Sample 1Sample 2Sample 3

Examples of Class A-4 Interest Carryover Shortfall in a sentence

  • Class A-4 Interest Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 5.

  • Class A-4 Interest Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 5.

  • Class A-4 Interest Carryover Shortfall, if any (and change in amount from preceding statement $0.00 5.

  • If the Issuer defaults in a payment of interest on the Notes, and such default is waived by the Controlling Party, the Issuer shall pay the Class A-1 Interest Carryover Shortfall, the Class A-2 Interest Carryover Shortfall, the Class A-3 Interest Carryover Shortfall or the Class A-4 Interest Carryover Shortfall to the related Noteholders, as applicable, on the immediately following Payment Date.

  • Class A-4 Interest Carryover Shortfall, if any (and change in amount from preceding statement) $ 0.00 5.

  • If the Issuer defaults in a payment of interest on the Notes, and such default is waived by the Controlling Party, the Issuer shall pay the Class A-1 Interest Carryover Shortfall, the Class A-2 Interest Carryover Shortfall, the Class A-3 Interest Carryover Shortfall, the Class A-4 Interest Carryover Shortfall and the Class B Interest Carryover Shortfall to the related Noteholders, as applicable, on the immediately following Payment Date.

  • If the Issuer defaults in a payment of interest on the Notes, and such default is waived by the Controlling Party, the Issuer shall pay the Class A-1 Interest Carryover Shortfall, the Class A-2 Interest Carryover Shortfall, the Class A-3 Interest Carryover Shortfall and the Class A-4 Interest Carryover Shortfall to the related Noteholders, as applicable, on the immediately following Payment Date.

  • Class A-4 Interest Carryover Shortfall, if any, (and change in amount $0.00 from preceding statement) 5.

  • Class A-4 Interest Carryover Shortfall, if any (and change in $ 0.00 amount from preceding statement) 5.

  • Class A-4 Interest Carryover Shortfall, if any (and change in amount from $0.00 preceding statement) 5.


More Definitions of Class A-4 Interest Carryover Shortfall

Class A-4 Interest Carryover Shortfall means, as of the close of business on any Payment Date, the excess of the Class A-4 Interest Payment Amount for such Payment Date and (without duplication) any outstanding Class A-4 Interest Carryover Shortfall from the preceding Payment Date plus interest on such outstanding Class A-4 Interest Carryover Shortfall, to the extent permitted by applicable law, at the Class A-4 Note Rate for the related Accrual Period (calculated on the basis of a 360-day year consisting of twelve 30-day months) over the amount of interest actually paid to the holders of the Class A-4 Notes on such current Payment Date.
Sample 1Sample 2Sample 3
Class A-4 Interest Carryover Shortfall. With respect to any Distribution Date, the excess of the Class A-4 Interest Distributable Amount for the preceding Distribution Date over the amount in respect of interest on the Class A-4 Notes that was actually deposited in the Note Distribution Account on such preceding Distribution Date, plus interest on the amount of interest due but not paid to Class A-4 Noteholders on the preceding Distribution Date, to the extent permitted by law, at the Class A-4 Interest Rate from such preceding Distribution Date to but excluding the current Distribution Date.
Sample 1Sample 2Sample 3
Class A-4 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class A-4 Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class A-4 Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to one-twelfth of the product of (i) the Class A-4 Interest Rate and (ii) such excess.
Sample 1Sample 2Sample 3
Class A-4 Interest Carryover Shortfall means, with respect to any -------------------------------------- Distribution Date, the amount, if any, by which the amount distributed to Holders of the Class A-4 Notes on such Distribution Date pursuant to Section 8.02(c)(6)(i) is less than the Class A-4 Interest Amount for such Payment Date.
Sample 1
Class A-4 Interest Carryover Shortfall plus interest on the amount of interest due but not paid to the Class [A-4] Noteholders on such preceding Payment Date, to the extent permitted by law, at the Class [A-4] Rate.
Sample 1
Class A-4 Interest Carryover Shortfall means, with respect to any Monthly Allocation Date, the excess, if any, of (i) the Class A-4 Interest Distributable Amount for such Monthly Allocation Date plus any outstanding Class A-4 Interest Carryover Shortfall from the immediately preceding Monthly Allocation Date plus interest on such outstanding Class A-4 Interest Carryover Shortfall, to the extent permitted by law, at the Class A-4 Rate from such immediately preceding Monthly Allocation Date to but not including the current Monthly Allocation Date, over (ii) the amount of interest distributed to Class A-4 Certificateholders on such current Monthly Allocation Date.
Sample 1

Related to Class A-4 Interest Carryover Shortfall

  • Class A-3 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑3 Interest Distributable Amount for such Payment Date and any outstanding Class A‑3 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑3 Interest Carryover Shortfall at the Class A‑3 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑3 Notes for the same period), over (y) the amount of interest distributed to the Class A‑3 Noteholders on such Payment Date.

  • Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑1 Interest Distributable Amount for such Payment Date and any outstanding Class A‑1 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑1 Interest Carryover Shortfall at the Class A‑1 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑1 Notes for the same period), over (y) the amount of interest distributed to the Class A‑1 Noteholders on such Payment Date.

  • Class B Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class B Interest Distributable Amount for such Payment Date and any outstanding Class B Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class B Interest Carryover Shortfall at the Class B Rate, to the extent lawful, calculated on the same basis as interest on the Class B Notes for the same period), over (y) the amount of interest distributed to the Class B Noteholders on such Payment Date.

  • 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 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.

  • Class B Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period.

  • Class C Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding Payment Date, to the extent permitted by law, at the Class C Interest Rate for the related Interest Period.

  • Class A Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess of the Class A Noteholders’ Interest Distributable Amount for the preceding Payment Date, over the amount in respect of interest that was actually paid on the Class A Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to holders of the Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective interest rates borne by each Class of the Class A Notes for the related Interest Accrual Period.

  • Class D Noteholders’ Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class D Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class D Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class D Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class D Notes on the preceding Payment Date, to the extent permitted by law, at the Class D Interest Rate for the related Interest Period.

  • Noteholders’ Interest Carryover Shortfall means, with respect to any Distribution Date and a Class of Notes, the excess, if any, of the sum of the Noteholders’ Monthly Interest Distributable Amount for such Class for the preceding Distribution Date plus any outstanding Noteholders’ Interest Carryover Shortfall for such Class on such preceding Distribution Date, over the amount in respect of interest that is actually paid on the Notes of such Class on such preceding Distribution Date, plus, to the extent permitted by applicable law, interest on the Noteholders’ Interest Carryover Shortfall at the related Interest Rate for the related Interest Period (calculated on the same basis as interest on that Class of Notes for the same period).

  • Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of the Noteholders’ Principal Distributable Amount for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on the Notes on such previous Distribution Date. Noteholders’ Principal Carryover Shortfall is not used to determine the amount of principal due on the Notes on any Distribution Date, but is used solely for reporting purposes.

  • 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 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.