Class B Interest Carryover Shortfall definition
Examples of Class B Interest Carryover Shortfall in a sentence
Calculation of Class B Interest Distributable Amount Class B Interest Rate 7.83% Days in Period (30/360 convention) 30 Class B Balance $85,417,000.00 Class B Interest Carryover Shortfall $0.00 Class B Interest Distributable Amount $557,345.93 =================== F.
For purposes of this Section, the Purchase Amount shall not be less than the amount necessary to permit the full distribution of the sum of the Class A Certificate Balance, the Class B Certificate Balance, the then outstanding Class B Undistributed Principal Amount and the accrued and unpaid Class B Interest Distributable Amount, Class B Interest Carryover Shortfall, Class B Additional Interest Distributable Amount and Class B Additional Interest Carryover Shortfall as of such date of repurchase.
Similarly, if on any Monthly Allocation Date amounts are available pursuant to clause (iii) above allocable in reimbursement of some but not all outstanding Adjustable Rate Class B Interest Carryover Shortfall Amounts and Fixed Rate Class B Interest Carryover Shortfall Amounts, such amounts will be allocated (and so applied or paid) on a pro rata basis based on the amounts of such outstanding Interest Carryover Shortfall Amounts.
Calculation of Class B Interest Distributable Amount Class B Interest Rate 7.83% Days in Period (30/360 convention) 30 Class B Balance $85,417,000.00 Class B Interest Carryover Shortfall $0.00 Class B Interest Distributable Amount $557,345.93 ====================== F.