Matured Principal Shortfall definition

Matured Principal Shortfall means, with respect to any Distribution Date and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date, after taking into account the payment of all other principal amounts to such Class on such Distribution Date and as to which such Distribution Date is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date after taking into account the payment of all other principal amounts to such Class on such Distribution Date.
Matured Principal Shortfall means, with respect to any Distribution Date or, with respect to the Class A-1 Notes only, the Special Distribution Date, and for any Class of Notes which would have a remaining principal balance greater than zero on such Distribution Date or Special Distribution Date, as applicable, after taking into account the payment of all other principal amounts to such Class on such Distribution Date or Special Distribution Date, as applicable, and as to which such Distribution Date or Special Distribution Date, as applicable, is either the Final Scheduled Distribution Date for such Class, or a Distribution Date subsequent to such Final Scheduled Distribution Date, the remaining principal balance of such Class on such Distribution Date or Special Distribution Date, as applicable, after taking into account the payment of all other principal amounts to such Class on such Distribution Date or Special Distribution Date, as applicable.

Related to Matured Principal Shortfall

  • Class D Principal Parity Amount means, with respect to any Distribution Date, the lesser of (I) the excess of (A) the excess, if any, of (x) the aggregate remaining principal balance of the Class A Notes, of the Class B Notes, of the Class C Notes and of the Class D Notes, in each case immediately prior to such Distribution Date over (y) the Pool Balance as of the end of the immediately preceding Collection Period over (B) the sum of the Class A Principal Parity Amount, the Class B Principal Parity Amount and the Class C Principal Parity Amount for such Distribution Date plus any payments made on the Class A Notes, the Class B Notes or the Class C Notes as a Matured Principal Shortfall on such Distribution Date and (II) the amount of Total Available Funds remaining on deposit in the Collection Account after the funding of the items described in clauses (i) through (xii) of Section 5.7(a) on such Distribution Date.