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.
Noteholders' Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account.
Noteholders' Principal Carryover Shortfall means for any Payment Date, the excess of (x) the Noteholders' Principal Distributable Amount for the preceding Payment Date over (y) the amount in respect of principal actually deposited in the Note Distribution Account on such Payment Date.
Examples of Noteholders' Principal Carryover Shortfall in a sentence
The 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.
More Definitions of Noteholders' Principal Carryover Shortfall
Noteholders' Principal Carryover Shortfall. As of the close of any Distribution Date, the excess of Aggregate Noteholders' Principal Distributable Amount for such Distribution Date over the amount that was actually deposited in the Note Distribution Account on the day preceding such current Distribution Date in respect of principal.
Noteholders' Principal Carryover Shortfall. As of the close of business on any Distribution Date, the excess of the sum of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the immediately preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account on such immediately preceding Distribution Date.
Noteholders' Principal Carryover Shortfall means, with respect to any Class of Notes, as of the close of any Distribution Date, the excess of (i) the sum of the Noteholders' Principal Distribution Amount on such Distribution Date and any outstanding Noteholders' Principal Carryover Shortfall for the preceding Distribution Date over (ii) the amount of principal actually allocated to the Noteholders on such Distribution Date.
Noteholders' Principal Carryover Shortfall. As of the close of any Payment Date, the excess of the sum of the Noteholders' Monthly Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Payment Date over the amount in respect of principal that is actually deposited in the Note Payment Account on such Payment Date.
Noteholders' Principal Carryover Shortfall means, as of the close of ------------------------------------------ any Payment Date, the excess of the Noteholders' Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall for the preceding Payment Date over the amount in respect of principal that was actually deposited in the Note Payment Account on such Payment Date.
Noteholders' Principal Carryover Shortfall means, with respect to any Distribution
Noteholders' Principal Carryover Shortfall means, on a Distribution Date, the excess, if any, of the Noteholders' Principal Distributable Amount over the Principal Payment Amount on such Distribution Date.