Interest Collections Shortfall definition

Interest Collections Shortfall means, for a Payment Date, an amount equal to the excess, if any, of (a) the amount required to be paid, without duplication, under Sections 4.2(a)(i) through (xv) of the Indenture Supplement on that Payment Date, over (b) the Available Investor Interest Collections for that Payment Date.
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Interest Collections Shortfall has, for any Series, the meaning specified in the related Indenture Supplement.
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Interest Collections Shortfall for Series 20[ ]-[ ] for any Distribution Date shall equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (xii) of Section 4.04(a) on such Distribution Date, over (b) the Available Series Interest Collections for such Distribution Date. The maximum amount of “Excess Interest Collections” with respect to Series 20[ ]-[ ] for any Distribution Date available for other Series in Excess Sharing Group [ ] shall equal the excess, if any, of (a) the Available Series Interest Collections for such Distribution Date over (b) the full amount required to be distributed, without duplication, pursuant to clauses (i) through (xii) of Section 4.04(a) on such Distribution Date.
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Examples of Interest Collections Shortfall in a sentence

  • The "Interest Collections Shortfall" for Series 2001-2 for any Distribution Date will equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (xi) of Section 4.04(a) on such Distribution Date, over (b) the Available Investor Interest Collections for such Distribution Date.

  • The "Interest Collections Shortfall" for Series 2007-1 for any Distribution Date shall equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (xiii) and clause (xv) of Section 4.04(a) on such Distribution Date, over (b) the Available Investor Interest Collections for such Distribution Date.

  • The "Interest Collections Shortfall" for Series 2001-[_] for any Distribution Date will equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (x) of Section 4.04(a) on such Distribution Date over (b) the Available Investor Interest Collections for such Distribution Date.

  • The "Interest Collections Shortfall" for Series 2010-5 for any Distribution Date will equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (xv) of Section 4.04(a) on such Distribution Date, over (b) the Available Investor Interest Collections for such Distribution Date.

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More Definitions of Interest Collections Shortfall

Interest Collections Shortfall. Has, with respect to Series 20[ ]-[ ], the meaning specified in Section 4.07.
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Interest Collections Shortfall has, with respect to Series 2010-5, the meaning specified in Section 4.07.
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Interest Collections Shortfall for Series 2004-1 for any Distribution Date will equal the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (i) through (ix) of Section 4.04(a) on such Distribution Date, over (b) the Available Investor Interest Collections for such Distribution Date. The "EXCESS INTEREST COLLECTIONS" with respect to Series 2004-1 for any Distribution Date will equal the excess, if any, of (a) the Available Investor Interest Collections for such Distribution Date, over (b) the full amount required to be distributed, without duplication, pursuant to clauses (i) through (ix) of Section 4.04(a) on such Distribution Date.
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Interest Collections Shortfall. Has, with respect to Series 201[•]-[•], the meaning specified in Section 4.07.
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Interest Collections Shortfall has, with respect to Series 2006-3, the meaning specified in Section 4.07.
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Interest Collections Shortfall has, with respect to Series 2004-1, the meaning specified in Section 4.07.
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Interest Collections Shortfall means, with respect to Series 2012-5 and any Distribution Date, the excess, if any, of (a) the full amount required to be paid, without duplication, pursuant to clauses (1) through
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