Remaining Series Available Principal Collections Shortfall definition

Remaining Series Available Principal Collections Shortfall has, with respect to any Series of Notes, the meaning specified in the applicable Indenture Supplement for such Series of Notes.
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Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the ONEseries, the excess, if any, of (x) the Series Available Principal Collections Shortfall, for such Monthly Period, over (y) the Shared Excess Available Principal Collections from other Series of Asset Pool One Notes allocated to the ONEseries pursuant to Section 3.28 for such Monthly Period and (2) with respect to any other Series of Asset Pool One Notes , the amount set forth in the applicable Indenture Supplement for such Monthly Period.
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Remaining Series Available Principal Collections Shortfall has, with respect to any Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes.
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Examples of Remaining Series Available Principal Collections Shortfall in a sentence

  • On each Determination Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Asset Pool One Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

  • On each First Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.

  • On each Note Transfer Date, the Servicer shall determine with respect to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of Notes for such Monthly Period.


More Definitions of Remaining Series Available Principal Collections Shortfall

Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 2024- 1, the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 2024-1 Notes from other Shared Excess Available Principal Collections Series for such Monthly Period and (b) with respect to any other Series of Notes, the amount set forth in the applicable Indenture Supplement for such Monthly Period.
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Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 2022- CRT2, the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 2022-CRT2 Notes from other Shared Excess Available Principal Collections Series for
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Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Note Transfer Date, (a) with respect to Series 20[_]-[_], the excess, if any, of (i) the Series Available Principal Collections Shortfall for such Monthly Period over (ii) the Shared Excess Available Principal Collections, if any, allocated to the Series 20[_]-[_] Notes from other Shared Excess Available Principal Collections Series for such Monthly Period and (b) with respect to any other Series of Notes, the amount set forth in the applicable Indenture Supplement for such Monthly Period.
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Remaining Series Available Principal Collections Shortfall means, with respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the ONEseries, the excess, if any, of (x) the Series Available Principal Collections Shortfall, for such Monthly Period, over (y) the Shared Excess Available Principal Collections from other Series of Asset Pool One Notes allocated to the ONEseries pursuant to Section 3.28 for such Monthly Period and (2) with respect to any other Series of Asset Pool One Notes , the amount set forth in the applicable Indenture Supplement for such Monthly Period. "REQUIRED EXCESS SPREAD PERCENTAGE" means 0%; PROVIDED, HOWEVER, that the Issuer may, from time to time, change such percentage (which will never be less than zero) (i) upon written notice to the Indenture Trustee, (ii) upon prior written confirmation from the Note Rating Agencies that a Ratings Effect will not occur with respect to such change and (iii) PROVIDED the Issuer reasonably believes, as evidenced by an Officer's Certificate delivered to the Indenture Trustee, that such change will not have an Adverse Effect. "REQUIRED SUBORDINATED AMOUNT" means, with respect to any Tranche of a Senior Class of ONEseries Notes, the aggregate Nominal Liquidation Amount of a Subordinated Class of ONEseries Notes, as specified in the applicable Terms Document for such Tranche of the Senior Class, that is required to be Outstanding and available on any date in each Monthly Period during which the Senior Class is Outstanding.
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Related to Remaining Series Available Principal Collections Shortfall

  • Available Principal Collections means, with respect to any Monthly Period, an amount equal to the sum of (a) (i) an amount equal to the Principal Allocation Percentage of Series2023-3 Allocable Principal Collections received during such Monthly Period minus (ii) the amount of Reallocated Principal Collections with respect to such Monthly Period which pursuant to Section 4.08 are required to fund the Required Amount for the related Distribution Date, (b) any Shared Principal Collections with respect to other Series that are allocated to Series 2023-3 in accordance with Section 4.04 of the Agreement and Section 4.11 of this Supplement, and (c) any other amounts which pursuant to Section 4.05 or 4.07 of this Supplement are to be treated as Available Principal Collections with respect to the related Distribution Date.

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Available Funds Shortfall means, for any Payment Date and the related Collection Period, the positive difference, if any, of (i) the amount necessary to make all distributions required to be made pursuant to clauses (i) through (iii) of Section 2.08 over (ii) Collections on deposit in the Collection Account, to the extent received during or in respect of such Collection Period.

  • 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).