Component Unpaid Interest Shortfall. As to any Distribution Date and each IO Component, the amount by which the aggregate Component Interest Shortfalls for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount."
Component Unpaid Interest Shortfall. As to any Distribution Date and a Class SES Component, the amount by which the aggregate Component Interest Shortfalls for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount."
Component Unpaid Interest Shortfall. As to any Distribution Date and any Class IO Component, the amount by which the aggregate Component Interest Shortfall for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount." Cooperative: A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.
More Definitions of Component Unpaid Interest Shortfall
Component Unpaid Interest Shortfall. As to any Distribution Date and Class A-16 Component (other than the Class A-16 PO Component), the product of (i) the sum of the Component Interest Shortfall Amounts for such Component for prior Distribution Dates minus (ii) the Component Interest Shortfall Distributions for such Component for prior Distribution Dates.
Component Unpaid Interest Shortfall. As to any Distribution Date and Class A-8 Component (other than the Class A-8 PO Component), (i) the sum of the Component Interest Shortfall Amounts for such Component for prior Distribution Dates minus (ii) the Component Interest Shortfall Distributions for such Component for prior Distribution Dates. Co-op Shares: Shares issued by private non-profit housing corporations.
Component Unpaid Interest Shortfall. As to any Distribution Date and any Class 1-A-5 Class Component, Class 4-A-1 Component, Class 5-A-3 Component or Class IO Component, the amount by which the aggregate Component Interest Shortfall for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount." Cooperative: A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.
Component Unpaid Interest Shortfall. As to any Distribution Date and Class A-10 Component, the product of (i) the sum of the Component Interest Shortfall Amounts for such Component for prior Distribution Dates minus (ii) the Component Interest Shortfall Distributions for such Component for prior Distribution Dates. Co-op Shares: Shares issued by private non-profit housing corporations.
Component Unpaid Interest Shortfall. As to any Distribution Date and each Senior Non-PO Component, the amount by which the aggregate Component Interest Shortfalls for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount." Co-op Shares: Shares issued by private non-profit housing corporations.
Component Unpaid Interest Shortfall. As to any Distribution Date and each Component (other than the PO Components), the amount by which the aggregate Component Interest Shortfalls for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component (or, in the case of the Class C-A-5-1 and Class C-A-5-2 Components prior to the applicable Accretion Termination Date, the amount included in the Class C-A-5-1 Accrual Distribution Amount or Class C-A-5-2 Accrual Distribution Amount, as applicable, pursuant to clause (ii) of the definition thereof, but not distributed pursuant to the proviso in Section 5.02(a)(i)) on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount." Cooperative: A private, cooperative housing corporation which owns or leases land and all or part of a building or buildings, including apartments, spaces used for commercial purposes and common areas therein and whose board of directors authorizes, among other things, the sale of Cooperative Stock.
Component Unpaid Interest Shortfall. As to any Distribution Date and a Class SES Component, the amount by which the aggregate Component Interest Shortfalls for such Component on prior Distribution Dates exceeds the amount of interest actually distributed on such Component on such prior Distribution Dates pursuant to clause (ii) of the definition of "Component Interest Distribution Amount." Co-op Shares: Shares issued by private non-profit housing corporations. Corresponding Upper-Tier Class, Classes or Component: As to the following Uncertificated Middle-Tier Interests, the Corresponding Upper-Tier Class, Classes or Component as follows: Corresponding Upper-Tier Class, Uncertificated Middle-Tier Interest Classes or Component ----------------------------------- ------------------------------------------ Class 1-A-M1 Interest Class 1-A-1 Certificates Class 1-A-MUR Interest Class 1-A-R Certificate Class 2-A-M1 Interest Class 2-A-1 Certificates Class 2-A-M2 Interest Class 2-A-2 Certificates Class 2-A-M3 Interest Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 2-A-8 and Class 2-A-10 Certificates Class 2-A-M9 Interest Class 2-A-9 Certificates Class 3-A-M1 Interest Class 3-A-1 Certificates Class 4-A-M1 Interest Class 4-A-1 Certificates Class B-M1 Interest Class B-1 Certificates Class B-M2 Interest Class B-2 Certificates Class B-M3 Interest Class B-3 Certificates Class B-M4 Interest Class B-4 Certificates Class B-M5 Interest Class B-5 Certificates Class B-M6 Interest Class B-6 Certificates Class 1-MSES Interest Class 1-SES Component Class 2-MSES Interest Class 2-SES Component Class 3-MSES Interest Class 3-SES Component Class 4-MSES Interest Class 4-SES Component