Class C Shortfall definition

Class C Shortfall has the meaning set forth in Section 2.3(g)(iii).
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Class C Shortfall. As defined in Section 10.01(l) hereof.
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Class C Shortfall. As defined in Section 4.05(l) hereof.
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Examples of Class C Shortfall in a sentence

  • A Class C Shortfall payable from interest collections shall be allocated pro rata among such Certificates based on the amount of interest otherwise payable to such Certificates, and a Class C Shortfall payable from principal collections shall be allocated to the most subordinate Class of Certificates with an outstanding Certificate Principal Balance to the extent of such balance.

  • Interest shall accrue on the Class C Shortfall at the Class C Note Rate.

  • However, any payment from the Certificates of a Class C Shortfall shall be treated for tax purposes as having been received by the beneficial owners of such Certificates in respect of their interests in the REMIC 3 and as having been paid by such beneficial owners to the Supplemental Interest Trust Trustee pursuant to the notional principal contract.

  • However, any payment from the Certificates of a Class C Shortfall shall be treated for tax purposes as having been received by the beneficial owners of such Certificates in respect of their interests in the REMIC 3 and as having been paid by such beneficial owners to the Supplemental Interest Account pursuant to the notional principal contract.

  • However, any payment from the Certificates of a Class C Shortfall shall be treated for tax purposes as having been received by the beneficial owners of such Certificates in respect of their interests in the REMIC 4 and as having been paid by such beneficial owners to the Supplemental Interest Account pursuant to the notional principal contract.

  • However, any payment from the Certificates of a Class C Shortfall shall be treated for tax purposes as having been received by the beneficial owners of such Certificates in respect of their interests in the REMIC 3 and as having been paid by such beneficial owners to the Supplemental Interest Trust pursuant to the notional principal contract.


More Definitions of Class C Shortfall

Class C Shortfall. As defined in Section 4.05(l) hereof. Class L1-Y-A Regular Interests: Any of fifty-nine uncertificated undivided beneficial interests in REMIC I which constitute REMIC I Regular Interests and are entitled to distributions as set forth herein. Class L1-Y-B Regular Interests: Any of fifty-nine uncertificated undivided beneficial interests in REMIC I which constitute REMIC I Regular Interests and are entitled to distributions as set forth herein.
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Related to Class C Shortfall