Unpaid Class M-1 Interest Shortfall definition

Unpaid Class M-1 Interest Shortfall means, as to any Remittance Date, the amount, if any, of the Class M-1 Interest Shortfall for the prior Remittance Date, plus accrued interest (to the extent payment thereof is legally permissible) at the Class M-1 Remittance Rate on the amount thereof from such prior Remittance Date to such current Remittance Date (calculated in the manner specified in Section 1.03).
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Unpaid Class M-1 Interest Shortfall means, with respect to the Class M-1 Certificates and any Payment Date, the amount, if any, of the Class M-1 Interest Shortfall for the prior Payment Date, plus one month's interest thereon (to the extent payment thereof is legally permissible) at the Class M-1 Pass-Through Rate.
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Unpaid Class M-1 Interest Shortfall means, as to any Remittance Date, the amount, if any, of the Class M-1 Interest Shortfall for the prior Remittance Date, plus accrued interest (to the extent payment thereof is legally permissible) at the Class M-1 Remittance Rate on the amount thereof from such prior Remittance Date to such current Remittance Date (calculated in the manner specified in Section1.03).
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Examples of Unpaid Class M-1 Interest Shortfall in a sentence

  • After payment of the amounts specified in ------------------ clauses (i) through (iv) above, to the Note Distribution Account, the Class M-1 Interest Amount and any Unpaid Class M-1 Interest Shortfall.


More Definitions of Unpaid Class M-1 Interest Shortfall

Unpaid Class M-1 Interest Shortfall means, as to any Payment Date, the amount, if any, of the remainder of (x) the Class M-1 Interest Carryover Shortfall, if any, for the immediately prior Payment Date, plus (y) the Unpaid Class M-1 Interest Shortfall determined as of such immediately prior Payment Date, minus (z) all amounts distributed to the Holders of Class M-1 Notes on account of any Unpaid Class M-1 Interest Shortfall pursuant to Section 8.02(c)(2) of the Indenture on such immediately prior Payment Date, plus accrued interest (to the extent payment thereof is legally permissible) at the Class M-1 Interest Rate on such remainder from such immediately prior Payment Date to the current Payment Date.
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Unpaid Class M-1 Interest Shortfall means, as to any Distribution Date, ----------------------------------- the remainder, if any, of (x) the Class M-1 Interest Shortfall, if any, for the immediately prior Distribution Date, plus (y) the Unpaid Class M-1 Interest Shortfall, if any, determined as of such immediately prior Distribution Date, minus (z) the amount distributed to the Holders of Class M-1 Notes on account of any Unpaid Class M-1 Interest Shortfall on such immediately prior Distribution Date, plus accrued interest (to the extent payment thereof is legally permissible) at the Class M-1 Interest Rate on such remainder from such immediately prior Distribution Date to the current Distribution Date.
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Related to Unpaid Class M-1 Interest Shortfall

  • 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).

  • Class B-5 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-5 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-5 Certificates on such Distribution Date pursuant to Paragraph seventeenth of Section 4.01(a).