Examples of Class C Interest Shortfall in a sentence
On the Determination Date preceding each Distribution Date, Servicer shall determine the excess, if any (the "Class C Interest Shortfall"), of (x) the aggregate amount accrued pursuant to this Section 4.02(c) as of the prior Distribution Date over (y) the amount of funds actually transferred from the Distribution Account for payment of such amount.
If the Class C Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class C Interest Shortfall is fully paid, an additional amount (“Class C Additional Interest”) equal to one-twelfth of the product of (i) the Class C Note Rate and (ii) such Class C Interest Shortfall (or the portion thereof which has not been paid on the Class C Notes) shall be payable as provided herein with respect to the Class C Notes.
Aggregate Class C Interest Shortfall .................................................$__________ 4.
On the Determination Date relating to each Distribution Date, the Servicer shall determine the excess, if any (such excess, the "Class C Interest Shortfall"), of (1) the Class C Monthly Interest for such Distribution Date, over (2) the aggregate amount of funds allocated and available to pay such Class C Monthly Interest on such Distribution Date.
On each Business Day, the Servicer shall determine an amount (the "Class C Interest Shortfall") equal to the excess, if any, of (x) the Class C Interest for such Business Day plus the Class C Interest Shortfall for the preceding Business Day over (y) the amount available to be paid to the Class C Securityholders in respect thereof on such Business Day.