Class A-2 Interest Shortfall Amount definition

Class A-2 Interest Shortfall Amount is defined in Section 5A.3(c).
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Class A-2 Interest Shortfall Amount respectively. An additional amount of interest (“Additional Interest”) shall accrue on the Class A-1 Interest Shortfall Amount and the Class A-2 Interest Shortfall Amount for each Series 2003-2 Interest Period at the applicable Series 2003-2 Note Rate for such Series 2003-2 Interest Period. Until the Administrator shall give the Indenture Trustee written notice that neither Class of the Series 2003-2 Investor Notes is listed on the Luxembourg Stock Exchange, the Indenture Trustee shall, or shall instruct the Calculation Agent to, notify the Luxembourg Stock Exchange if, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 2003-2 Investor Notes, the amount of interest to be paid on any Class of the Series 2003-2 Investor Notes on any Payment Date is less than the amount payable thereon on such Payment Date, the amount of such deficit and the amount of interest that will accrue on such deficit during the next succeeding Series 2003-2 Interest Period by the Business Day prior to such Payment Date.
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Class A-2 Interest Shortfall Amount. For any Distribution Date after July 2005, the excess, if any, of one month's interest on the principal balance of the Class A-2 Certificate after giving effect to principal distributions made and Realized Losses allocated on the prior Distribution Date at the lesser of (a) 12% per annum and (b) a per annum rate equal to the One Year Treasury Rate in effect on the first day of the related Due Period plus 1.75% over one month's interest on such principal balance at the weighted average of the Net Mortgage Rates of the Group II Loans less 0.625% per annum.
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Examples of Class A-2 Interest Shortfall Amount in a sentence

  • An additional amount of interest (“Additional Interest”) shall accrue on the Class A-1 Interest Shortfall Amount and the Class A-2 Interest Shortfall Amount for each Series 2003-2 Interest Period at the applicable Series 2003-2 Note Rate for such Series 2003-2 Interest Period.

  • An additional amount of interest ("Additional Interest") shall accrue on the Class A-1 Interest Shortfall Amount and the Class A-2 Interest Shortfall Amount for each Series 1999-2 Interest Period at the applicable Series 1999-2 Note Rate for such Series 1999-2 Interest Period.

  • An additional amount of interest ("ADDITIONAL INTEREST") shall accrue on the Class A-1 Interest Shortfall Amount and the Class A-2 Interest Shortfall Amount for each Series 2003-1 Interest Period at the applicable Series 2003-1 Note Rate for such Series 2003-1 Interest Period.

  • An additional amount of interest ("ADDITIONAL INTEREST") shall accrue on the Class A-1 Interest Shortfall Amount and the Class A-2 Interest Shortfall Amount for each Series 2002-1 Interest Period at the applicable Series 2002-1 Note Rate for such Series 2002-1 Interest Period.

  • The portion of the Interest Shortfall allocable to each Class of Series 1999-2 Investor Notes shall be referred to as the "Class A-1 Interest Shortfall Amount" and the "Class A-2 Interest Shortfall Amount", respectively.


More Definitions of Class A-2 Interest Shortfall Amount

Class A-2 Interest Shortfall Amount is defined in Section ---------------------------------------- ------- 5A.3(b). -------
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Related to Class A-2 Interest Shortfall Amount

  • Class B-2 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-2 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-2 Certificates on such Distribution Date pursuant to Paragraph eighth of Section 4.01(a).

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • Class B-4 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-4 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-4 Certificates on such Distribution Date pursuant to Paragraph fourteenth of Section 4.01(a).

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).