Class C Interest Shortfall definition

Class C Interest Shortfall shall have the meaning specified in subsection 4.02(c).

Class C Interest Shortfall has the meaning specified in subsection 4.02(c).

Class C Interest Shortfall shall have the meaning specified in subsection 4.6(c) of the Agreement.

Examples of Class C Interest Shortfall in a sentence

• On the Determination Date preceding each Distribution Date, Servicer shall determine the excess, if any (the "Class C Interest Shortfall"), of (x) the aggregate amount accrued pursuant to this Section 4.02(c) as of the prior Distribution Date over (y) the amount of funds actually transferred from the Distribution Account for payment of such amount.

• On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class C Interest Shortfall"), of (x) the Class C Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class C Monthly Interest on such Distribution Date.

• On the Note Transfer Date preceding each Payment Date, the Servicer shall determine an amount (the "Class C Interest Shortfall") equal to (x) the aggregate Class C Monthly Interest for such Payment Date minus (y) the aggregate amount of funds allocated and available to pay such Class C Monthly Interest on such Payment Date.

• If the Class C Interest Shortfall Amount with respect to any Payment Date is greater than zero, payments of interest to the Class C Investor Noteholders will be reduced on a pro rata basis, based on the amount of interest payable to each such Class C Investor Noteholder, by such Class C Interest Shortfall Amount.

• On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class C Interest Shortfall") equal to the excess, if any, of (x)the aggregate Class C Monthly Interest for the Interest Accrual Period applicable to the Distribution Date OVER (y)the amount available to be paid to the Class C Certificateholders in respect of interest on such Distribution Date.

More Definitions of Class C Interest Shortfall

Class C Interest Shortfall means, with respect to any Distribution Date, the excess, if any, as determined by the Servicer, of (i) the amount described in Section 4.03(a)(iv) over (ii) the aggregate amount of Available Finance Charge Collections allocated and paid for such amounts on such Distribution Date.

Class C Interest Shortfall shall have the meaning specified in subsection 6.17(c) of the Agreement.

Class C Interest Shortfall is defined in subsection 4.2(c). -------------------------- -----------------

Class C Interest Shortfall means on the Determination Date preceding each Distribution Date, the excess, if any, as determined by the Servicer, of (i) the amount described in Section 4.03(a)(iv) over (ii) the aggregate amount of Available Finance Charge Collections allocated and paid for such amounts on such Distribution Date.

Class C Interest Shortfall. As to any Distribution Date, the amount equal to (a) the Class C Interest Formula Distribution Amount for such Distribution Date less (b) the amount of interest distributed to the Class C Certificateholders on such Distribution Date.

Class C Interest Shortfall shall have the meaning specified in Section 4.2(c).

Class C Interest Shortfall shall have the meaning specified in Section 4.2(c). "CLASS C INVESTED AMOUNT" shall mean, for any date of determination, an amount equal to (a) the Class C Initial Invested Amount, PLUS (b) the amount of any increases in the Class C Invested Amount during the Funding Period pursuant to Section 4.15, MINUS (c) the aggregate amount of principal payments made to the Class C Interest Holders on or prior to such date (other than (x) any principal payments made from the proceeds of any draw made on the Spread Account for the purpose of reimbursing previous reductions in the Class C Invested Amount as provided in the Class C Supplemental Agreement and (y) any principal payments made to Class C Interest Holders from amounts on deposit in the Pre-Funding Account on the First Distribution Date following the end of the Funding Period pursuant to Section 4.14 (d)) MINUS (d) the aggregate amount of Class C Investor Charge-Offs for all prior Distribution Dates, MINUS (e) the aggregate amount of Reallocated Principal Collections allocable to the Class C Interests and applied on any prior Distribution Dates pursuant to Section 4.8(a) or (b), MINUS (f) an amount equal to the amount by which the Class C Invested Amount has been reduced on all prior Distribution Dates pursuant to Sections 4.6(a) and (b) and PLUS (g) the aggregate amount of Excess Spread and Excess Finance Charge Collections allocated to Series 1996-C available on or prior to such Distribution Date pursuant to Section 4.7(j).