Class A Shortfall definition

Class A Shortfall has the meaning set forth in Section 2.3(g)(i).
Sample 1Sample 2Sample 3
Class A Shortfall. Interest shall accrue on the Class A Shortfall at the Class A Note Rate.
Sample 1Sample 2Sample 3
Class A Shortfall. On any Distribution Date, any excess of the amount computed pursuant to clause (y) of the definition of Class A Distribution over the amount distributed to Class A Certificateholders on such Distribution Date. The Shortfall is comprised of the Class A Interest Shortfall and the Class A Principal Shortfall.
Sample 1Sample 2

Examples of Class A Shortfall in a sentence

  • No payments on account of interest shall be made with respect to the Class B Notes on any Distribution Date until all payments of interest then due and payable with respect to the Class A Notes (including, without limitation, all accrued interest, all Class A Shortfall and all interest accrued on such Class A Shortfall) have been paid in full.


More Definitions of Class A Shortfall

Class A Shortfall has the meaning set forth in Section 2.3(g)(i). NEWYORK 8960494 (2K)A&R Series 2013-1 Supplement (Class C Note issuance) 8
Sample 1
Class A Shortfall means the positive difference, if any, of the aggregate of the Property Shortfall Amounts.
Sample 1

Related to Class A Shortfall

  • Class A Deficiency Amount is defined in Section 4.1(a).

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

  • 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.