Class A‑2a Interest Carryover Shortfall definition

Class A‑2a Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑2a Interest Distributable Amount for such Payment Date and any outstanding Class A‑2a Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑2a Interest Carryover Shortfall at the Class A‑2a Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑2a Notes for the same period), over (y) the amount of interest distributed to the Class A‑2a Noteholders on such Payment Date.
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Class A‑2a Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑2[a] Interest Distributable Amount for such Payment Date and any outstanding Class A‑2[a] Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑2[a] Interest Carryover Shortfall at the Class A‑2[a] Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑2[a] Notes for the same period), over (y) the amount of interest distributed to the Class A‑2[a] Noteholders on such Payment Date.
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Class A‑2a Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A-2[a] Interest Distributable Amount for such Payment Date and any outstanding Class A-2[a] Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A-2[a] Interest Carryover Shortfall at the Class A-2[a] Rate, to the extent lawful, calculated on the same basis as interest on the Class A-2[a] Notes for the same period), over (y) the amount of interest distributed to the Class A-2[a] Noteholders on such Payment Date.
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More Definitions of Class A‑2a Interest Carryover Shortfall

Class A‑2a Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of the Class A-2a Interest Distributable Amount for the preceding Payment Date over the amount that was actually distributed in respect of interest on the Class A-2a Notes on such preceding Payment Date, plus, to the extent permitted by law, an amount equal to the product of (i) the Class A-2a Interest Rate, (ii) such excess, and (iii) a fraction equal to the number of days in the related Accrual Period divided by 360.
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Related to Class A‑2a Interest Carryover Shortfall

  • Class A-3 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑3 Interest Distributable Amount for such Payment Date and any outstanding Class A‑3 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑3 Interest Carryover Shortfall at the Class A‑3 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑3 Notes for the same period), over (y) the amount of interest distributed to the Class A‑3 Noteholders on such Payment Date.

  • Class A-4 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑4 Interest Distributable Amount for such Payment Date and any outstanding Class A‑4 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑4 Interest Carryover Shortfall at the Class A‑4 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑4 Notes for the same period), over (y) the amount of interest distributed to the Class A‑4 Noteholders on such Payment Date.

  • Class A-1 Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class A‑1 Interest Distributable Amount for such Payment Date and any outstanding Class A‑1 Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class A‑1 Interest Carryover Shortfall at the Class A‑1 Rate, to the extent lawful, calculated on the same basis as interest on the Class A‑1 Notes for the same period), over (y) the amount of interest distributed to the Class A‑1 Noteholders on such Payment Date.

  • Class B Interest Carryover Shortfall means, with respect to any Payment Date, the excess, if any, of (x) the Class B Interest Distributable Amount for such Payment Date and any outstanding Class B Interest Carryover Shortfall from the immediately preceding Payment Date (together with interest on such outstanding Class B Interest Carryover Shortfall at the Class B Rate, to the extent lawful, calculated on the same basis as interest on the Class B Notes for the same period), over (y) the amount of interest distributed to the Class B Noteholders on such Payment Date.

  • Noteholders’ Interest Carryover Amount means, with respect to any Class of Notes and any date of determination, all or any portion of the Noteholders’ Interest Distributable Amount for such Class of Notes for the immediately preceding Distribution Date which remains unpaid as of such date of determination, plus interest on such unpaid amount, to the extent permitted by law, at the respective Interest Rate borne by the applicable Class of Notes from such immediately preceding Distribution Date to but excluding such date of determination.

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).