Collateral Certificate Principal Shortfall Allocation definition

Collateral Certificate Principal Shortfall Allocation means, for any Note Transfer Date, with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate in any Asset Pool, an amount equal to:
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Collateral Certificate Principal Shortfall Allocation. (as defined in the Indenture) with respect to the Series 2004-CC Certificate.
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Examples of Collateral Certificate Principal Shortfall Allocation in a sentence

  • If the sum of the Remaining Series Principal Shortfalls for all Series secured by any Asset Pool for such Note Transfer Date is greater than zero, the Servicer shall calculate the Collateral Certificate Principal Shortfall Allocation for each Unapplied Master Trust Level Principal Sharing Collateral Certificate in such Asset Pool for such Note Transfer Date and shall notify the servicer for the issuing entity of each such Collateral Certificate of such amount.

  • If the sum of the Remaining Series Principal Shortfalls for all Series of Notes secured by any Asset Pool for such Note Transfer Date is greater than zero, the Servicer shall calculate the Collateral Certificate Principal Shortfall Allocation for each Unapplied Master Trust Level Principal Sharing Collateral Certificate in such Asset Pool for such Note Transfer Date and shall notify the servicer for the issuing entity of each such Collateral Certificate of such amount.

  • If the sum of the Remaining Series Principal Shortfalls for all Series secured by any Asset Pool for such Note Transfer Date is greater than zero, the Servicer shall calculate the Collateral Certificate Principal Shortfall Allocation for each Unapplied Master Trust Level Principal Sharing Collateral Certificate in such Asset Pool for such Note Transfer Date and shall notify the servicer for the issuer of each such Collateral Certificate of such amount.

Related to Collateral Certificate Principal Shortfall Allocation

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of:

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of:

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • 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).