Class B-2 Interest Shortfall definition

Class B-2 Interest Shortfall means, as to any Remittance Date, the amount, if any, by which the amount distributed to Holders of Class B-2 Certificates on such Remittance Date pursuant to Sections 8.03(a)(6)(i) and (ii), together with any Guarantee Payment, is less than the sum of the amounts specified in clauses (a) and (b) of the definition of the term "Class B-2 Formula Distribution Amount."
Class B-2 Interest Shortfall means, for any Payment Date, the amount, if any, by which (a) the Class B-2 Formula Interest Distribution Amount exceeds (b) the sum of the amounts distributed to Class B-2 Certificateholders on such Payment Date pursuant to clauses (i) and (ii) of Section 8.04(b)(13) and any Class B-2 Guaranty Payment.
Class B-2 Interest Shortfall. As to any Remittance Date, any amount by which the amount distributed in respect of interest on the Class B-2 Certificates on such Remittance Date is less than the amount computed pursuant to clause (a) of the definition of "Class B-2 Interest Formula Distribution Amount."

Examples of Class B-2 Interest Shortfall in a sentence

  • Remaining Unpaid Class B-2 Interest Shortfall on Principal Shortfall .00 CLASS A, CLASS M, AND CLASS B CERTIFICATES ------------------------------------------ 77.

  • Amount applied to Unpaid Class B-2 Interest Shortfall on Principal Shortfall .00 76.

  • Class B-2 Interest Rate (11.16%) (a) Class B-2 Interest Amount $ 243,660.00 -------------- (b) Unpaid Class B-2 Interest Shortfall $ 0.00 -------------- (c) Class B-2 Interest Paid $ 243,660.00 -------------- (d) Class B-2 Interest Carryover Shortfall $ 0.00 -------------- Principal 50.

  • Amount applied to Unpaid Class B-2 Interest Shortfall $ 0.00 --------------------- 61.

  • Amount applied to Unpaid Class B-2 Interest Shortfall __________ 62.


More Definitions of Class B-2 Interest Shortfall

Class B-2 Interest Shortfall. As to any Distribution Date and the Class of Class B-2 Certificates, the amount equal to (a) the Class B-2 Interest Formula Distribution Amount for such Distribution Date, less (b) the amount of interest distributed to the related Certificateholders on such Distribution Date.
Class B-2 Interest Shortfall. As to any Distribution Date, any amount by ---------------------------- which the amount distributed to Holders of Class B-2 Certificates on such Distribution Date is less than the amount computed pursuant to clause (a) of the definition of "Class B-2 Interest Distribution Amount."
Class B-2 Interest Shortfall means, for any Payment Date, the amount, if any, by which (a) the Class B-2 Formula Interest Distribution Amount exceeds (b) the sum of the amounts distributed to Class B-2 Certificateholders on such Payment Date pursuant to clauses (i) and (ii) of Section 8.04(b)(14) and any Class B-2 Guaranty Payment.
Class B-2 Interest Shortfall means, for any Payment Date, the amount, if any, by which (a) the Class B-2 Formula Interest Distribution Amount exceeds (b) the amount distributed to Class B-2 Certificateholders on such Payment Date pursuant to Section 8.04(b)(5).
Class B-2 Interest Shortfall. As to any Distribution Date, any amount by which the amount distributed to Holders of Class B-2 Certificates on such Distribution Date is less than the amount computed pursuant to clause (a) of the definition of "Class B-2 Interest Distribution Amount." CLASS B-2 PASS-THROUGH RATE: The lesser of (a) 7.700% per annum and (b) the Net Weighted Average Contract Rate, in either case computed on the basis of a 360-day year of twelve 30-day months.
Class B-2 Interest Shortfall means, as to any Remittance Date, the amount, if any, by which the amount distributed to Holders of Class B-2 Certificates on such Remittance Date pursuant to Sections 8.03(a)(6)(i)and (ii), together with any Guarantee Payment, is less than the sum of the amounts specified in clauses (a) and (b) of the definition of the term "Class B-2 Formula Distribution Amount."
Class B-2 Interest Shortfall means, with respect to any Distribution Date, any amount by which the amount of interest distributed to Class B-2 Certificateholders on such Distribution Date is less than the amount computed pursuant to clause (i) of the definition of "Class B-2 Interest Formula Distribution Amount".