Class A Interest Shortfall Amount definition

Class A Interest Shortfall Amount. As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).
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Class A Interest Shortfall Amount shall have the meaning specified --------------------------------- in Section 4.04 of the Agreement.
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Class A Interest Shortfall Amount. As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a)(i) including, in the case of each Class of Accrual Certificates and Class A-8 Certificates with respect to their Accrual Component prior to the applicable Accretion Termination Date, the amount included in the Accrual Distribution Amount pursuant to clause (i) of the definition thereof. As to any Distribution Date and Class A-8 Component, the product of (a) the Class A Interest Shortfall Amount of the Class A-8 Certificates for such Distribution Date and (b) a fraction, the numerator of which is the Interest Accrual Amount for such Component and the denominator of which is the Interest Accrual Amount for the Class A-8 Certificates.
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Examples of Class A Interest Shortfall Amount in a sentence

  • If the Class A Interest Shortfall Amount with respect to any Payment Date is greater than zero, payments of interest to the Class A Investor Noteholders will be reduced on a pro rata basis, based on the amount of interest payable to each such Class A Investor Noteholder, by such Class A Interest Shortfall Amount.

  • On each Determination Date preceding a Distribution Date, commencing with the December 1998 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in the Collection ---- Account on such Distribution Date and available for payment of Class A Monthly Interest.

  • On each Determination Date preceding a Distribution Date, commencing with the December 1997 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in the Collection ---- Account on such Distribution Date and available for payment of Class A Monthly Interest.

  • An additional amount of interest (“Additional Interest”) shall accrue on the Class A Interest Shortfall Amount, the Class B Interest Shortfall Amount and the Class C Interest Shortfall Amount for each Series 2009-2 Interest Period at the applicable Series 2009-2 Note Rate for such Series 2009-2 Interest Period.

  • On each Determination Date preceding a Distribution Date, commencing with the January 1997 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in the Collection ---- Account on such Distribution Date and available for payment of Class A Monthly Interest.

  • On each Determination Date preceding a Distribution Date, commencing with the November 1996 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in the Collection ---- Account on such Distribution Date and available for payment of Class A Monthly Interest.

  • An additional amount of interest (“Additional Interest”) shall accrue on the Class A Interest Shortfall Amount, the Class B Interest Shortfall Amount and the Class C Interest Shortfall Amount for each Series 2011-2 Interest Period at the applicable Series 2011-2 Note Rate for such Series 2011-2 Interest Period.

  • On each Determination Date preceding a Distribution Date, commencing with the September 1999 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in the Collection Account on such ---- Distribution Date and available for payment of Class A Monthly Interest.

  • On each Determination Date preceding a Distribution Date, commencing with the December 1997 Distribution Date, the Servicer shall determine the amount (the "Class A Interest Shortfall Amount"), if any, of the excess of Class A Monthly Interest over the amount that will be on deposit in ---- the Collection Account on such Distribution Date and available for payment of Class A Monthly Interest.

  • An additional amount of interest (“Additional Interest”) shall accrue on the Class A Interest Shortfall Amount, the Class B Interest Shortfall Amount and the Class C Interest Shortfall Amount for each Series 2009-3 Interest Period at the applicable Series 2009-3 Note Rate for such Series 2009-3 Interest Period.


More Definitions of Class A Interest Shortfall Amount

Class A Interest Shortfall Amount. For a Distribution Date, the sum of all Class A Subclass Interest Shortfall Amounts for such date.
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Class A Interest Shortfall Amount is defined in Section 5A.3(b).
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Class A Interest Shortfall Amount. As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a)(i) including, in the case of each Class of Accrual Certificates and the Class A-6 Certificates with respect to their Accrual Component prior to the applicable Accretion Termination Date, the amount included in the Accrual Distribution Amount pursuant to clause (i) of the definition thereof. As to any Distribution Date and Class A-6 Component, the product of (a) the Class A Interest Shortfall Amount of the Class A-6 Certificates for such Distribution Date and (b) a fraction, the numerator of which is the Interest Accrual Amount for such Component and the denominator of which is the Interest Accrual Amount for the Class A-6 Certificates.
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Class A Interest Shortfall Amount. As to any Distribution Date and (A) any Class of Class A Certificates (other than the Class A-1 Certificates), any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount allocated in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a) and (B) and the Class A-1 Certificates, any amount by which the Calculated Interest Amount with respect to such Distribution Date exceeds the amount allocated in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).
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Class A Interest Shortfall Amount. For any Payment Date, the amount by which the Class A Interest Payment Amount due on such Payment Date exceeds the sum of (i) the amount of Available Funds for such Payment Date remaining following payment of "First" through "Fourth" in Section 12.02(d) hereof and (ii) the amount on deposit in the Reserve Account.
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Related to Class A Interest Shortfall Amount

  • 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 Interest Shortfall Amount Any of the Class B-1 Interest Shortfall Amount, Class B-2 Interest Shortfall Amount, Class B-3 Interest Shortfall Amount, Class B-4 Interest Shortfall Amount, Class B-5 Interest Shortfall Amount or Class B-6 Interest Shortfall Amount.

  • 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-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).

  • 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).