Bridge Shortfall definition

Bridge Shortfall means an amount, which may be positive or negative, equal to (a) the Interest Amount would be payable in respect of the Notes on the Bridge Date (ignoring any amounts payable under paragraph 18(xv)(2) of the Offering Circular Supplement on such date, and assuming that the Notional Reduction Amount, as defined in paragraph 8 of the Offering Circular Supplement is zero on each relevant Calculation Date in the Interest Period relating to such Interest Amount) minus (b) the Hedging Interest Amount.
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Bridge Shortfall means an amount, which may be positive or negative, equal to (a) the Interest Amount that would be payable in respect of the Notes on the Bridge Date minus (b) the Hedging Interest Amount.
Sample 1Sample 2Sample 3

Examples of Bridge Shortfall in a sentence

  • If the sum of the Bridge Shortfall and the Scheduled Fixed Amount is equal to zero, the Fixed Amount on the Bridge Date shall be deemed to be zero.

  • If the sum of the Bridge Shortfall and the Scheduled Fixed Amount is greater than zero, the Fixed Amount payable by the Protection Buyer on the Bridge Date shall be such sum.

  • Such notice shall include details of the relevant Interest Amount, the Hedging Interest Amount and the Bridge Shortfall.

Related to Bridge Shortfall

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Working Capital Shortfall means the amount by which the Anticipated Working Capital Amount exceeds Minimum Net Operating Working Capital.

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • 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: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that 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.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • Principal Shortfalls shall have the meaning specified in Section 4.04.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Principal Funding Investment Shortfall means, with respect to each Transfer Date relating to the Controlled Accumulation Period, the amount, if any, by which the Principal Funding Investment Proceeds for such Transfer Date are less than the Covered Amount determined as of such Transfer Date.

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.