Class B Interest Shortfall definition

Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).
Class B Interest Shortfall shall have the meaning specified in -------------------------- subsection 4.06(b) of the Agreement.
Class B Interest Shortfall has the meaning specified in Section 4.02(b).

Examples of Class B Interest Shortfall in a sentence

  • Class B Monthly Interest 166,223.96 ----------------- Class B Interest Shortfall 0.00 I(4).

  • The amount of any Class B Interest Shortfall for the Distribution Date ......

  • To the extent lawful and enforceable, interest on any Class B Interest Shortfall shall accrue hereon to the extent provided in the Supplement.

  • On the Determination Date preceding each Distribution Date, Servicer shall determine the excess, if any (the "Class B Interest Shortfall"), of (x) the aggregate amount accrued pursuant to this Section 4.02(b) as of the prior Distribution Date over (y) the amount of funds actually transferred from the Distribution Account for payment of such amount.

  • On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class B Interest Shortfall"), of (x) the Class B Monthly Interest for the preceding Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class B Monthly Interest on such preceding Distribution Date.


More Definitions of Class B Interest Shortfall

Class B Interest Shortfall means, with respect to any Distribution Date, the excess, if any, as determined by the Servicer, of (i) the amount described in Section 4.04(a)(vii), over (ii) the sum of (a) the aggregate amount of Available Finance Charge Collections allocated and paid for such amounts on such Distribution Date and (b) the Reallocated Principal Amount applied to fund a deficiency in the amount distributed pursuant to Section 4.04(a)(vii) on such Distribution Date.
Class B Interest Shortfall shall have the meaning specified in SECTION 4.02(b).
Class B Interest Shortfall is defined in Section 2.4.
Class B Interest Shortfall. As to any Distribution Date, the amount -------------------------- equal to (a) the Class B Interest Formula Distribution Amount for such Distribution Date less (b) the amount of interest distributed to the Class B Certificateholders on such Distribution Date.
Class B Interest Shortfall is defined in subsection 4.2(b). -------------------------- -----------------
Class B Interest Shortfall means arrears of interest (together with interest thereon) owed by the Issuer to Class B Noteholders pursuant to Condition 6(b) (Interest on the Class B Notes).
Class B Interest Shortfall. As to any Distribution Date, any amount by which the amount of interest distributed to Class B Certificateholders on such Distribution Date is less than the sum of (a) interest accrued during the related Accrual Period at the Class B Pass-Through Rate on the Class B Certificate Balance and (b) any interest due on such Distribution Date on any Class B Unpaid Interest Shortfall (to the extent legally permitted).