Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.
Class A Note Interest Shortfall means, for any Distribution Date, the excess of (x) the Class A Noteholders’ Interest Distribution Amount on the preceding Distribution Date over (y) the amount of interest actually distributed to the Class A Noteholders on the preceding Distribution Date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each such class of Notes from the preceding Distribution Date to the current Distribution Date.
Class A Note Interest Shortfall means, for any Distribution Date, the excess of:
Examples of Class A Note Interest Shortfall in a sentence
In addition, if on any Distribution Date, a Class A Note Interest Shortfall would exist, or if on the Note Final Maturity Date for any Class A Note Available Funds would not be sufficient to reduce the principal balance of such class to zero, the amount of such Class A Note Interest Shortfall or principal deficiency, as applicable, to the extent sums are on deposit in the Remarketing Fee Account, may be withdrawn from that account and used for payments of interest or principal on the Class A Notes.
More Definitions of Class A Note Interest Shortfall
Class A Note Interest Shortfall means, with respect to any Payment Date, the sum of (a) the excess, if any, of (i) the Class A Note Interest Requirement for the preceding Payment Date, over (ii) the amount in respect of interest that was actually paid pursuant to subsection 2.4(d) with respect to interest on the Class A Notes for such preceding Payment Date, plus (b) interest on the amount of interest due but not paid to the Class A Noteholders on the preceding Payment Date, to the extent permitted by law, at the Class A Note Interest Rate from and including such preceding Payment Date to but excluding the current Payment Date.
Class A Note Interest Shortfall means, with respect to any Payment Date, the sum of (a) the excess, if any, of (i) the Class A Note Interest Requirement for the preceding Payment Date, over (ii) the amount in respect of interest that was actually paid
Class A Note Interest Shortfall means, for any Quarterly Distribution Date, the sum for all of the Class A Notes of (1) the excess of:
Class A Note Interest Shortfall. ’ means, for any distribution date, the sum, for all of the class A notes with a distribution date on this distribution date, of the excess of:
Class A Note Interest Shortfall means, with respect to any Payment Date, the sum of (a) the excess, if any, of (i) the Class A Note Interest Requirement for the preceding Payment Date, over (ii) the amount in respect of interest that was actually paid pursuant to subsection 2.7(d) with respect to interest on the Class A Notes for such preceding Payment Date, plus (b) interest on the amount of interest due but not paid to the Class A Noteholders on the preceding Payment Date, to the extent permitted by law, at the Class A Note Interest Rate from and including such preceding Payment Date to but excluding the current Payment Date.
Class A Note Interest Shortfall means, for any Distribution Date, the excess of
Class A Note Interest Shortfall means, for any Quarterly Distribution Date, the sum of (1) the excess of: