Class A Principal Carryover Shortfall means, as of the close of business on any Distribution Date, the excess of Class A Monthly Principal for such Distribution Date and any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Class A Distribution Account on such Distribution Date.
Class A Principal Carryover Shortfall means, with respect to any Payment Date, (i) the excess of the Class A Principal Distributable Amount over (ii) the amount of principal that was actually distributed to Class A Certificateholders on such preceding Payment Date.
Class A Principal Carryover Shortfall means, (i) with respect to the initial Distribution Date, zero and (ii) with respect to any other Distribution Date, the excess of Class A Monthly Principal for such Distribution Date and any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited into the Class A Distribution Account on such Distribution Date.
Examples of Class A Principal Carryover Shortfall in a sentence
Class A Principal Carryover Shortfall $0.00 with respect to Class A-3 6.
Class A Principal Carryover Shortfall $0.00 with respect to Class A-4 6.
Class A Principal Carryover Shortfall with respect to $0.00 Class A-4 6.
Class A Principal Carryover Shortfall with respect $0.00 to Class A-4 6.
Class A Principal Carryover Shortfall $0.00 with respect to Class A-2 6.
More Definitions of Class A Principal Carryover Shortfall
Class A Principal Carryover Shortfall. As of the close of business on any Distribution Date, the excess of the Class A Principal Distributable Amount plus any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount of principal that the holders of the Class A Certificates actually received on such current Distribution Date.
Class A Principal Carryover Shortfall means, as of the close of any Distribution Date on which an Insurer Default is continuing, the excess of the Class A Principal Distributable Amount and any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date, over the amount of principal that the Holders of the Class A Certificates actually received on such current Distribution Date.
Class A Principal Carryover Shortfall. As of the close of business on any Payment Date, an amount equal to (i) the Class A Principal Payment Amount, minus (ii) the amount of principal that the holders of the Class A Notes actually received on such Payment Date.
Class A Principal Carryover Shortfall means, with respect to any Payment Date after the initial Payment Date, the amount, if any, by which the sum of the Class A Monthly Principal Distributable Amount for the preceding Payment Date and any outstanding Class A Principal Carryover Shortfall on that preceding Payment Date exceeds the amount in respect of principal on the Class A Notes actually paid to the Class A Noteholders on that preceding Payment Date.
Class A Principal Carryover Shortfall means, with respect to any Payment Date, (i) the excess of the Class A Principal Distributable Amount over (ii) the amount of principal that was actually distributed to Class A Certificateholders on such preceding Payment Date. "PRINCIPAL BALANCE" means (a) with respect to any Contract as of any date, an amount equal to the unpaid principal balance of such Contract as of the opening of business on the Initial Cutoff Date or related Subsequent Cutoff Date, as applicable, reduced by the sum of (x) all payments received by the Servicer as of such date allocable to principal and (y) any Cram Down Loss in respect of such Contract; PROVIDED, HOWEVER, that (i) if (x) a Contract is repurchased by the Seller pursuant to Section 5.01 of the Transfer and Sale Agreement and Section 8.06 because of a breach of representation or warranty or if (y) the Seller gives notice of its intent to purchase the Contracts in connection with an optional termination of the Trust pursuant to Section 5.02 of the Transfer and Sale Agreement and Section 8.08, in each case the Principal Balance of such Contract or Contracts shall be deemed as of the related Determination Date to be zero for the Due Period in which such event occurs and for each Due Period
Class A Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Class A Principal Distributable Amount plus any outstanding unpaid Class A Principal Carryover Shortfall from the preceding Payment Date over
Class A Principal Carryover Shortfall as of the close of any Distribution Date means the excess of Class A Principal plus any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount of principal that the Holders of the Distributions on this Class A Certificate will be made by the Trustee by wire transfer or check mailed to the Class A Certificateholder of record in the Certificate Register without the presentation or surrender of this Class A Certificate or the making of any notation hereon except that with respect to Class A Certificates registered in the name of Cede & Co., the nominee for the Clearing Agency, distributions will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Class A Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. The Record Date otherwise applicable to such distribution shall not be applicable. Reference is hereby made to the further provisions of this Class A Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Trustee, by manual signature, this Class A Certificate shall not entitle the Holder hereof to any benefit under the Agreement or be valid for any purpose.