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, with respect to any Distribution Date, the excess, if any, of (i) the Class B Principal Distributable Amount and any outstanding Class B Principal Carryover Shortfall with respect to one or more prior Distribution Dates, over (ii) the amount of principal distributed to Class B Certificateholders on such current Distribution 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.
Examples of Class B Principal Carryover Shortfall in a sentence
Beginning of Period Class B Principal Carryover Shortfall $296,905 ---------- B.
Change in Class B Principal Carryover Shortfall 0 (23,618) (23,618) -------------------------------------- D.
Change in Class B Principal Carryover Shortfall 0 108,980 108,980 ----------------------------------------- D.
Change in Class B Principal Carryover Shortfall 0 (210,748) (210,748) ----------------------------------------- D.
Change in Class B Principal Carryover Shortfall 0 (296,905) (296,905) ----------------------------------------- D.
More Definitions of Class B Principal Carryover Shortfall
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 means, as of the close of any Distribution Date, the excess of the Class [B] Monthly Principal Distributable Amount and any outstanding Class [B] Principal Carryover Shortfall from the preceding Distribution Date, over the amount in respect of principal that is actually distributed to Holders of the Class [B] Certificates on such current Distribution 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. 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 Certificates actually received on such Payment Date.
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 as of the close of any Distribution Date means the excess of Class B Principal plus any outstanding Class B The Holder of this Class B Certificate by virtue of the acceptance hereof assents to the appointment, pursuant to Section 4.7 of the Agreement, of Citibank, N.A. acting solely as agent, and not as Trustee, for such Holder with respect to the Class B Reserve Fund and the Class B Reserve Fund Property. Each Holder of this Class B Certificate acknowledges and agrees that its rights to receive distributions in respect of this Class B Certificate are subordinated to the extent set forth in the Agreement to the rights of the Class A Certificateholders to receive distributions in respect of the Class A Certificates and the rights of the Servicer to receive the Servicing Fee (and any unpaid Servicing Fees from prior Collection Periods) in the event of delinquency or defaults on the Receivables. Distributions on this Class B Certificate will be made by the Trustee by wire transfer or check mailed to the Class B Certificateholder of record in the Certificate Register without the presentation or surrender of this Class B Certificate or the making of any notation hereon. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class B Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Class B Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Reference is hereby made to the further provisions of this Class B Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Trustee, by manual signature, this Class B Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose.
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.