Deficit Controlled Amortization Amount means (a) on the first Distribution Date with respect to the Accumulation Period, the excess, if any, of the Controlled Amortization Amount over the amount distributed from the Collection Account as Class A Monthly Principal for such Distribution Date and (b) on each subsequent Distribution Date with respect to the Accumulation Period, the excess, if any, of the Controlled Amortization Amount plus any then existing Deficit Controlled Amortization Amount over the amount distributed from the Collection Account as Class A Monthly Principal for such Distribution Date.
Deficit Controlled Amortization Amount shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Amortization Period, the excess, if any, of the Controlled Distribution Amount with respect to the immediately preceding Monthly Period over the amount deposited into the Distribution Account pursuant to subsection 4.08(a)(ii)(A)(x) with respect to such immediately preceding Monthly Period.
Deficit Controlled Amortization Amount is hereby amended to read as follows:
Examples of Deficit Controlled Amortization Amount in a sentence
The Deficit Controlled Amortization Amount (after giving effect to any activity on the Distribution Date) is $0.00 36.
More Definitions of Deficit Controlled Amortization Amount
Deficit Controlled Amortization Amount means, (x) on the first Distribution Date with respect to the Scheduled Amortization Period, the excess, if any, of the Controlled Amortization Amount for such Distribution Date over the amount distributed as Monthly Principal for such Distribution Date and (y) on each subsequent Distribution Date with respect to the Scheduled Amortization Period, the excess, if any, of the sum of the Controlled Amortization Amount for such subsequent Distribution Date and any Deficit Controlled Amortization Amount for the prior Distribution Date over the amount distributed as Monthly Principal on such subsequent Distribution Date.
Deficit Controlled Amortization Amount for any Series shall have the -------------------------------------- meaning specified in the related Supplement.
Deficit Controlled Amortization Amount means, in respect of each series of Bonds with a Controlled Amortization Date, (a) on the first Remittance Date after the Controlled Amortization Date for such series of Bonds, the excess, if any, of the Controlled Amortization Amount for such series of Bonds payable on such Remittance Date over the amount paid to the relevant Limited Partner pursuant to Section 4.7(b)(iv) on such Remittance Date in respect of such series of Bonds, and (b) on each subsequent Remittance Date after the Controlled Amortization Date for such series of Bonds, the excess, if any, of the Controlled Amortization Amount for such series of Bonds payable on such Remittance Date plus any then existing Deficit Controlled Amortization Amount for such series of Bonds, over the amount paid to the relevant Limited Partner pursuant to Section 4.7(b)(iv) on such Remittance Date in respect of such series of Bonds;
Deficit Controlled Amortization Amount means (a) on the first Distribution Date with respect to the Class A Controlled Amortization Period, the Class B Controlled Amortization Period or the Class C Controlled Amortization Period, the excess, if any, of the Controlled Amortization Amount for such Distribution Date over the amount distributed from the Series 1998-1 Distribution Account as Class A Monthly Principal, Class B Monthly Principal or Class C Monthly Principal, as the case may be, for such Distribution Date and (b) on each subsequent Distribution Date with respect to the Class A Controlled Amortization Period, the Class B Controlled Amortization Period or the Class C Controlled Amortization Period, the excess, if any, of the Controlled Distribution Amount for such subsequent Distribution Date over the amount distributed from the Series 1998-1 Distribution Account as Class A Monthly Principal, Class B Monthly Principal or Class C Monthly Principal, as the case may be, for such subsequent Distribution Date.
Deficit Controlled Amortization Amount means: (a) for any Payment Date during the Revolving Period or the Early Amortization Period and the first and second Payment Dates during the Amortization Period, zero; and (b) for any other Payment Date during the Amortization Period, the excess, if any, of the Controlled Deposit Amount for the prior Payment Date over the amount of principal actually distributed with respect to the Notes on that prior Payment Date.
Deficit Controlled Amortization Amount means (a) on the first Distribution Date of the Controlled Amortization Period, the excess, if any, of the Controlled Amortization Amount for such Distribution Date over the aggregate amount distributed to the Class A Noteholders and Class B Noteholders as principal on such Distribution Date and (b) on each subsequent Distribution Date with respect to the Controlled Amortization Period, the excess, if any, of the Controlled Distribution Amount for such Distribution Date over the aggregate amount distributed to Class A Noteholders and Class B Noteholders on such Distribution Date.
Deficit Controlled Amortization Amount means (a) on the first Payment Date with respect to the Class A Controlled Amortization Period, the Class B Controlled Amortization Period or the Class C Controlled Amortization Period, the excess, if any, of the Controlled Amortization Amount for such Payment Date over the amount distributed from the Payment Account as Class A Monthly Principal, Class B Monthly Principal or Class C Monthly Principal, as the case may be, for such Payment Date and (b) on each subsequent Payment Date with respect to the Class A Controlled Amortization Period, the Class B Controlled Amortization Period or the Class C Controlled Amortization Period, the excess, if any, of the Controlled Distribution Amount for such subsequent Payment Date over the amount distributed from the Payment Account as Class A Monthly Principal, Class B Monthly Principal or Class C Monthly Principal, as the case may be, for such subsequent Payment Date.