Class C Interest Carryover Shortfall. With respect to any Distribution Date, as of the close of business on such Distribution Date, the excess of (i) the Aggregate Class C Interest Distributable Amount for such Distribution Date over (ii) the amount that was actually deposited in the Note Distribution Account on such Distribution Date in respect of interest for the Class C Notes.
Class C Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class C Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to the product of (i) the Class C Interest Rate, (ii) such excess, and (iii) a fraction equal to one-twelfth.
Class C Interest Carryover Shortfall means, as of the close of business on any Distribution Date, the excess of the Class C Interest Distributable Amount for such Distribution Date plus any outstanding Class C Interest Carryover Shortfall from the preceding Distribution Date plus interest on such outstanding Class C Interest Carryover Shortfall, to the extent permitted by law, at the Class C Note Rate from and including such preceding Distribution Date to but excluding the current Distribution Date, over the amount actually deposited in the Note Distribution Account on such current Distribution Date and available to pay interest on the Class C Notes.
More Definitions of Class C Interest Carryover Shortfall
Class C Interest Carryover Shortfall means, for any Payment Date, the sum of the (i) the excess of the Class C Interest Payment Amount, and if applicable, the Class C Supplemental Interest Payment Amount for such Payment Date over the amount of interest actually paid to the holders of the Class C Certificates on such current Payment Date; (ii) (without duplication) any outstanding Class C Interest Carryover Shortfall from the preceding Payment Date; and (iii) thirty (30) days of interest on such outstanding Class C Interest Carryover Shortfall with respect to each such Payment Date or any prior Payment Date (calculated on a 30/360 basis), to the extent permitted by applicable law, at the Class C Certificate Rate or if applicable, the Class C Supplemental Interest Rate for the related Accrual Period.
Class C Interest Carryover Shortfall means, with respect to any Payment Date, the amount, if any, by which the sum of the Class C Monthly Interest Distributable Amount for the preceding Payment Date and any outstanding Class C Interest Carryover Shortfall on such preceding Payment Date exceeds the amount in respect of interest for the Class C Notes actually deposited in the Note Interest Distribution Account on such preceding Payment Date, plus interest on the amount of interest due but not paid to the Class C Noteholders on such preceding Payment Date, to the extent permitted by law, at the Class C Rate.
Class C Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class C Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class C 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 C Interest Rate and (ii) such excess.
Class C Interest Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Class C Interest Distributable Amount for such Distribution Date and any outstanding Class C Interest Carryover Shortfall from the preceding Distribution Date plus interest on such outstanding Class C Interest Carryover Shortfall, to the extent permitted by law, at the Class C Rate from such preceding Distribution Date through the current Distribution Date (calculated on the basis of a 360-day year consisting of twelve 30-day months), over the amount of interest that the Holders of the Class C Certificates actually received on such current Distribution Date.
Class C Interest Carryover Shortfall means, as of the close of any distribution date, the excess of the Aggregate Class C Interest Distributable Amount for that distribution date over the amount that was actually deposited in the Note Distribution Account on that distribution date in respect of interest for the Class C Notes.
Class C Interest Carryover Shortfall means, as of the close of business on any Distribution Date, the excess, if any, of the Class C Interest Distributable Amount for such Distribution Date plus any outstanding unpaid interest owed to holders of Class C Certificates from the preceding Distribution Date plus interest on such outstanding unpaid interest amount, to the extent permitted by law, at the Class C Pass-Through Rate from such preceding Distribution Date to but not including such Distribution Date, over the amount of interest that the holders of the Class C Certificates actually received on such current Distribution Date.
Class C Interest Carryover Shortfall means, as of the close of business on any Distribution Date, the excess of (a) the Class C Interest Distributable Amount for such Distribution Date and any outstanding Class C Interest Carryover Shortfall from the immediately preceding Distribution Date, plus interest on such outstanding Class C Interest Carryover Shortfall, to the extent permitted by law, at the Class C Pass-Through Rate from such preceding Distribution Date through the current Distribution Date (calculated on the basis of a 360-day year consisting of twelve 30-day months), over (b) the amount of interest that the Holders of the Class C Certificates actually received on such current Distribution Date.