Noteholders' Principal Carryover Shortfall definition

Noteholders' Principal Carryover Shortfall means, with respect to any Distribution Date, the excess, if any, of the Noteholders’ Principal Distributable Amount for the preceding Distribution Date over the amount in respect of principal that is actually paid as principal on the Notes on such previous Distribution Date. Noteholders’ Principal Carryover Shortfall is not used to determine the amount of principal due on the Notes on any Distribution Date, but is used solely for reporting purposes.

Noteholders' Principal Carryover Shortfall means, as of the close of any Distribution Date, the excess of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account.

Noteholders' Principal Carryover Shortfall means for any Payment Date, the excess of (x) the Noteholders' Principal Distributable Amount for the preceding Payment Date over (y) the amount in respect of principal actually deposited in the Note Distribution Account on such Payment Date.

Examples of Noteholders' Principal Carryover Shortfall in a sentence

• Account $0.00 Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Remaining Distributed Spread Account Amount to Noteholders' Distr.

• Principal Distributable Amount" means, with respect to any Payment Date, the sum of the [A-1 Noteholders'] Monthly Principal Distributable Amount for such Payment Date and the [A-1 Noteholders'] Principal Carryover Shortfall as of the close of the preceding Payment Date; provided, however, that the [A-1 Noteholders'] Principal Distributable Amount shall not exceed the outstanding principal balance of the [A-1 Notes].

• Principal Carryover Shortfall" means, as of the close of any Payment Date, the excess of the [A-2 Noteholders'] [Monthly] Principal Distributable Amount and any outstanding [A-2 Noteholders'] Principal Carryover Shortfall from the preceding Payment Date over the amount in respect of principal that is actually deposited in the Note Distribution Account in respect of the [A-2 Notes].

• Account $0.00 Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00 Remaining Distribution from Spread Account to Noteholders' Distr.

• PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Distribution Date (other than the Final Scheduled Distribution Date for any class of Notes), the sum of the Noteholders' Monthly Principal Distributable Amount for such Distribution Date and the Noteholders' Principal Carryover Shortfall as of the close of the preceding Distribution Date.

More Definitions of Noteholders' Principal Carryover Shortfall

Noteholders' Principal Carryover Shortfall. As of the close of any Distribution Date, the excess of Aggregate Noteholders' Principal Distributable Amount for such Distribution Date over the amount that was actually deposited in the Note Distribution Account on the day preceding such current Distribution Date in respect of principal.

Noteholders' Principal Carryover Shortfall. As of the close of business on any Distribution Date, the excess of the sum of the Noteholders' Monthly Principal Distributable Amount and any outstanding Noteholders' Principal Carryover Shortfall from the immediately preceding Distribution Date over the amount in respect of principal that is actually deposited in the Note Distribution Account on such immediately preceding Distribution Date.

Noteholders' Principal Carryover Shortfall means, with respect to any Class of Notes, as of the close of any Note Distribution Date, the excess of (i) the sum of the Noteholders' Principal Distribution Amount on such Distribution Date and any outstanding Noteholders' Principal Carryover Shortfall for the preceding Note Distribution Date over (ii) the amount of principal actually allocated to the Noteholders on such Note Distribution Date.

Noteholders' Principal Carryover Shortfall. As of the close of any Payment Date, the excess of the sum of the Noteholders' Monthly Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall from the preceding Payment Date over the amount in respect of principal that is actually deposited in the Note Payment Account on such Payment Date.

Noteholders' Principal Carryover Shortfall means, as of the close of ------------------------------------------ any Payment Date, the excess of the Noteholders' Principal Payment Amount and any outstanding Noteholders' Principal Carryover Shortfall for the preceding Payment Date over the amount in respect of principal that was actually deposited in the Note Payment Account on such Payment Date.

Noteholders' Principal Carryover Shortfall means, as of the close of business on any Primary Payment Date, the excess of (i) the Noteholders' Principal Distribution Amount on such Primary Payment Date over (ii) the amount of principal actually distributed to the Class A-1 Noteholders and deposited in respect of principal into the Class A-2 Distribution Account on such Primary Payment Date.

Noteholders' Principal Carryover Shortfall means, with respect to any Distribution