Certificate Principal Carryover Shortfall definition

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.
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Certificate Principal Carryover Shortfall means, as of the close business on any Distribution Date, the excess of the Certificate Principal Distributable Amount for such Distribution Date over the amount in respect of principal that is actually deposited in the Certificate Distribution Account on such Distribution Date.
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Certificate Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Certificate Principal Distributable Amount over the amount in respect of principal that is actually deposited in the Certificate Distribution Account on such Distribution Date.
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More Definitions of Certificate Principal Carryover Shortfall

Certificate Principal Carryover Shortfall. With respect to any Distribution Date, the excess of (i) the Certificate Principal Distributable Amount for the preceding Distribution Date plus any outstanding Certificate Principal Carryover Shortfall with respect to the preceding Distribution Date over
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Related to Certificate Principal Carryover Shortfall

  • 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 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.