Class B Principal Carryover Shortfall definition

Class B Principal Carryover Shortfall means, as of the close of business on any Distribution Date, the excess of Class B Monthly Principal for such Distribution Date and any outstanding Class B Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Class B Distribution Account on such Distribution Date.

Class B 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 B Monthly Principal for such Distribution Date and any outstanding Class B Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited into the Class B Distribution Account on such Distribution Date.

Class B Principal Carryover Shortfall means, (i) with respect to the initial Payment Date, zero and (ii) with respect to any other Payment Date, the excess of the sum of (x) Class B Monthly Principal for such Payment Date (y) and any outstanding Class B Principal Carryover Shortfall from the preceding Payment Date over the amount in respect of principal that is actually deposited in the Class B Distribution Account on such Payment Date.

Examples of Class B Principal Carryover Shortfall in a sentence

• Beginning of Period Class B Principal Carryover Shortfall $296,905 ---------- B.

• Shortly before the delivery was due the retailer reduced to one fifth the volume of product which they wanted which resulted in supplier having to sell the majority of their perishable crop as a “distress” sale.

• These activities are being performed under the Inactive Hazardous Waste Disposal Site Remedial Program, also known as the State Superfund (SSF) Program, to identify and characterize suspected inactive hazardous waste disposal sites and investigate and remediate inactive hazardous waste disposal sites which pose a significant threat to public health and/or the environment.

• Change in Class B Principal Carryover Shortfall 0 203,536 203,536 ----------- ---------- ------------ D.

• Beginning of Period Class B Principal Carryover Shortfall $115,721 ---------- B.

More Definitions of Class B Principal Carryover Shortfall

Class B Principal Carryover Shortfall means, with respect to any Payment Date, (i) the excess of the Class B Principal Distributable Amount over (ii) the amount of principal that was actually distributed to Class B Certificateholders on such preceding Payment Date.

Class B Principal Carryover Shortfall. As of the close of business on any Distribution Date, the excess of the Class B Principal Distributable Amount plus any outstanding Class B Principal Carryover Shortfall from the preceding Distribution Date over the amount of principal that the holders of the Class B Certificates actually received on such current Distribution Date.

Class B Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Class B Principal Distributable Amount and any outstanding Class B Principal Carryover Shortfall from the preceding Distribution Date, over the amount of principal that the Holders of the Class B Certificates actually received.

Class B Principal Carryover Shortfall. As of the close of business on any Payment Date, an amount equal to (i) the Class B Principal Payment Amount, minus (ii) the amount of principal that the holders of the Class B Notes actually received on such Payment Date.

Class B Principal Carryover Shortfall means, with respect to any Payment Date, (i) the excess of the Class B Principal Distributable Amount over (ii) the amount of principal that was actually distributed to Class B 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 thereafter, (ii) from and after the third Due Period succeeding the final Due Period in which the Obligor is required to make the final scheduled payment on a Contract, the Principal Balance, if any, of such Contract shall be deemed to be zero, and (iii) from and after the Due Period in which a Contract becomes a Liquidated Contract, the Principal Balance of such Contract shall be deemed to be zero; and (b) where the context requires, the aggregate of the Principal Balances described in clause (a) for all such Contracts. "Monthly Principal" means, as to any Payment Date, the following amount calculated as of the related Determination Date: the difference between (i) the sum of (A) the Principal Balance of the Contracts as of the first day of the Due Period preceding the Due Period in which such Payment Date occurs (or, in the case of the first Payment Date, the Principal Balance of the Contracts as of the Initial Cutoff Date), plus (B) the Pre-Funded Amount on such date (or, in the case of the first Payment Date, the Pre-Funded Amount on the Closing Date) and (ii) the sum of (A) the Principal Balance of the Contracts as of the first day of the Due Period in which such Payment Date occurs, plus (B) the Pre-Funded Amount on such day, plus ...

Class B Principal Carryover Shortfall means, for any ------------------------------------- Distribution Date, the excess of Class B Monthly Principal for the preceding Distribution Date and any outstanding Class B Principal Carryover Shortfall for such preceding Distribution Date over the amount in respect of principal that was actually deposited in the Class B Distribution Account for such preceding Distribution Date.

Class B Principal Carryover Shortfall means, with respect to any monthly settlement date, the excess of the Class B Principal Distributable Amount for the preceding monthly settlement date over the amount that is actually deposited in the Class B payment account in respect of the outstanding principal balance of the Class B Notes on that preceding monthly settlement date.