Payment Shortfalls Clause Samples
Payment Shortfalls. (a) The amount of the Noteholders’ Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes $________ the Class A-2 Notes $________ the Class A-3 Notes $________ the Class A-4 Notes $________ the Class B Notes $________ the Class C Notes $________
(b) The amount of the Noteholders’ Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes $________ the Class A-2 Notes $________ the Class A-3 Notes $________ the Class A-4 Notes $________ the Class B Notes $________ the Class C Notes $________
Payment Shortfalls. (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes.........................$________ the Class A-2 Notes.........................$________ the Class A-3 Notes.........................$________
(b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes.........................$________ the Class A-2 Notes.........................$________ the Class A-3 Notes.........................$________
(c) The amount of the Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes.........................$________ the Class A-2 Notes.........................$________ the Class A-3 Notes.........................$________
(d) The amount of the Noteholders' Principal Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes.........................$________ the Class A-2 Notes.........................$________ the Class A-3 Notes.........................$________
(a) The aggregate amount of collections by the Servicer during the preceding Monthly Period........................................$______
(b) The aggregate amount which was received by the Trust from the Servicer during the preceding Monthly Period..............................$______
(c) The aggregate amount of reimbursements to the Security Insurer during the preceding Monthly Period........................................$______
(d) The number of Receivables that are delinquent for over: 30 days............................................______ 60 days............................................______ 90 days............................................______
Payment Shortfalls. (a) The amount of the Class [A] Interest Carryover ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇o the payments set forth in paragraph A.1(b) above $[________]
(b) The amount of the Class [A] Principal Carryover Shortfall after giving effect to the payment set forth in paragraph A.1(c) above $[_________]
(c) The amount of the Class [B] Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.2(b) above $[_________]
(d) The amount of the Class [B] Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A.2(c) above $[_________]
(e) The amount otherwise distributable to Class [B] Certificateholders that is distributed
Payment Shortfalls. (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes...........................$________ the Class A-2 Notes...........................$________
(b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to:
Payment Shortfalls. (a) The amount of the Certificates' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above............................. $________ (b) The amount of the Certificateholders' $________ Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to the Certificate:
Payment Shortfalls. (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above...........................$---------
(b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to the Notes:..........................................$----------
(c) The amount of the Certificateholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.2(b) above...........................$----------
(d) The amount of the Certificateholders' Interest Carryover Shortfall set forth in paragraph B.3.(c) above per $1,000 interest with respect to the Certificates:...................................$---------
Payment Shortfalls. (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes.......................$________ the Class A-2 Notes.......................$________
(b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes.......................$________ the Class A-2 Notes.......................$________
(c) The amount of the Noteholders' Principal Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes.......................$________ the Class A-2 Notes.......................$________
(d) The amount of the Noteholders' Principal Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes.......................$________ the Class A-2 Notes.......................$________
(a) The aggregate amount of collections by the Servicer during the preceding Monthly Period.....................................$______
(b) The aggregate amount which was received by the Trust from the Servicer during the preceding Monthly Period...........................$______
(c) The aggregate amount of reimbursements to the Security Insurer during the preceding Monthly Period.....................................$______
(d) The number of Receivables that are delinquent for over: ....................................30 days...______ ....................................60 days...______ ....................................90 days...______
Payment Shortfalls. (a) The amount of the Noteholders’ Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes $________ the Class A-2 Notes $________ the Class A-3 Notes $________ the Class A-4 Notes $________
(b) The amount of the Noteholders’ Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes $________ the Class A-2 Notes $________ the Class A-3 Notes $________ the Class A-4 Notes $________
(a) The number of extensions and deferrals granted by the Servicer during the preceding Monthly Period $________
(b) The aggregate principal balance (as of the end of the Monthly Period) of all Contracts on which an extension or deferral has been granted by the Servicer during the preceding Monthly Period $________
(c) The aggregate principal balance (as of the end of the Monthly Period) of all Contracts on which modifications has been granted by the Servicer during the preceding Monthly Period $________
(d) The aggregate principal balance (as of the end of the Monthly Period) of all Contracts on which modifications has been granted by the Servicer during the preceding Monthly Period $________
(a) The aggregate amount of collections by the Servicer during the preceding Monthly Period $________
(b) The aggregate amount which was received by the Trust from the Servicer during the preceding Monthly Period $________
(c) The aggregate amount of reimbursements to the Security Insurer during the preceding Monthly Period $________
(d) The number of Receivables that are delinquent for over: 30 days _________ 60 days _________ 90 days _________
(a) For Distribution Dates (if any) during the Funding Period, the remaining Pre Funded Amount and the amount in the Pre-Funding Account $_______
(b) For Distribution Dates (if any,) the remaining amount in the Pre-Funding Account $_______
(c) For the final Subsequent Transfer Date,
Payment Shortfalls. (a) The amount of the Noteholders' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1(b) above with respect to: the Class A-1 Notes...........................................................$_________ the Class A-2 Notes...........................................................$_________
(b) The amount of the Noteholders' Interest Carryover Shortfall set forth in paragraph B.3.(a) above per $1,000 interest with respect to: the Class A-1 Notes............................................................$________ the Class A-2 Notes............................................................$________
Payment Shortfalls. (a) The amount of the Certificates' Interest Carryover Shortfall after giving effect to the payments set forth in paragraph A.1.(b) above......................$________
(b) The amount of the Certificateholders' Interest Carryover Shortfalls set forth in paragraph B.3.(a) above per $1,000 interest with respect to the Certificate:................................$________ EXHIBIT C FORM OF MONTHLY NOTEHOLDER STATEMENT NATIONSFINANCIAL AUTO OWNER TRUST 1996-1 Class A-1 _____% Asset Backed Notes Class A-2 Floating Rate Asset Backed Notes Class A-3 ____% Asset Backed Notes Distribution Date: