Class A Principal Shortfall means, as to any Remittance Date, the amount, if any, by which the amount distributed to Holders of Class A Certificates on such Remittance Date pursuant to Sections 8.03(a)(5)(iii)-(ix) is less than the Class A Percentage of the Formula Principal Distribution Amount for such Remittance Date.
Class A Principal Shortfall means, as to any Distribution Date, the amount, if any, by which the amount distributed to Holders of Class A Certificates on such Distribution Date pursuant to Sections 8.03(a)(8)(i) and (iii) is less than the Class A Percentage of the Formula Principal Distribution Amount for such Distribution Date.
Class A Principal Shortfall. As of the close of any Distribution Date and any Class of Group IA Certificates, the excess of the sum of the related Class A Monthly Principal Amount and any outstanding Class A Principal Shortfall for such Certificate Group from the preceding Distribution Date, over the amount in respect of principal that is actually distributed to such Group IA Certificates on such preceding Distribution Date.
Examples of Class A Principal Shortfall in a sentence
If, on any Notes Calculation Date, there is a balance on the Class A Principal Deficiency Ledger, then notwithstanding any other provisions of these Conditions, the principal amount payable on redemption of each Class A Note on the immediately succeeding Notes Payment Date shall not exceed its Principal Amount Outstanding less a pro rata part of the Class A Principal Shortfall on such Notes Payment Date.
More Definitions of Class A Principal Shortfall
Class A Principal Shortfall. With respect to any Distribution Date, the --------------------------- excess of the Class A Formula Principal Distribution Amount over the amount in respect of principal actually distributed to the Class A Certificateholders on such Distribution Date.
Class A Principal Shortfall has the meaning assigned thereto in Section 4.5(a)(i) of this Supplement.
Class A Principal Shortfall. With respect to any Distribution Date, the excess of the Class A Formula Principal Distribution Amount over the amount in respect of principal actually distributed to the Class A Certificateholders on such Distribution Date.
Class A Principal Shortfall. On any Distribution Date, the excess of the Class A Shortfall over the Class A Interest Shortfall.
Class A Principal Shortfall means ---------------------------
Class A Principal Shortfall means, as to any Remittance Date, the amount, if any, by which the amount distributed to Holders of Class A Certificates on such Remittance Date pursuant to Sections 8.03(a)(5)(iii)-(ix) is less than the Class A Percentage of the Formula Principal Distribution Amount for such Remittance Date. "Class A-1 Remittance Rate" means 5.69125% per annum, computed on the basis of the actual number of days elapsed from and including the most recent Remittance Date to but excluding the current Remittance Date and a 360-day year.
Class A Principal Shortfall means on any date in respect of a Class A Note an amount equal to (i) the quotient of (x) the balance on the Class A Principal Deficiency Ledger on the preceding Note Payment, or if such date is a Note Payment Date, on this date, and (y) the Principal Amount Outstanding of Class A Notes on such date, multiplied by (ii) the Principal Amount Outstanding of such Class A Note.