Payment Date Shortfall definition

Payment Date Shortfall is defined in Section 2.14.
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Payment Date Shortfall means, on any Payment Date (determined as of the preceding Transfer Date) the sum, for all Indenture Supplements, of the excess, if any, of (a) the amount that is payable, from Series Accounts established under such Indenture Supplement on such Payment Date, to the Indenture Trustee, the Trustee, the Administrator and the Noteholders, over (b) the amount of funds that are available pursuant to such Indenture Supplements (without giving effect to any Servicer Advance) to make the payments contemplated by clause (a) of this sentence.
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Payment Date Shortfall has the meaning set forth in Section 3.11 of the ---------------------- ------------ Agreement as set forth in this Supplement.
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Examples of Payment Date Shortfall in a sentence

  • On each Transfer Date, the Master Servicer shall have the right, but not the obligation, to make an advance to the Collection Account (each such advance, a “Servicer Advance”) in an amount equal to the lesser of (a) the amount of principal and interest payable but not paid during the preceding Monthly Period by Dealers in respect of Delinquent Receivables owned by the Issuer and (b) the Payment Date Shortfall for the related Payment Date.

  • On each Transfer Date, the Master Servicer shall have the right, but not the obligation, to make an advance to the Collection Account (each such advance, a "Servicer Advance") in an amount equal to the lesser of (a) the amount of principal and interest payable but not paid during the preceding Monthly Period by Dealers in respect of Delinquent Receivables owned by the Issuer and (b) the Payment Date Shortfall for the related Payment Date.

  • On each Transfer Date, the Master Servicer shall have the right, but not the obligation, to make an advance to the [Collection Account] (each such advance, a "Servicer Advance") in an amount equal to the lesser of (a) the amount of principal and interest payable but not paid during the preceding Monthly Period by Dealers in respect of Delinquent Receivables owned by the Issuer and (b) the Payment Date Shortfall for the related Payment Date.

  • If any portion of a Charge Payment amount (including any Administrative Costs that have been applied) or any Penalty Interest has not been paid by the Building Owner by the relevant Charge Payment Date (Shortfall), the Building Owner will remain liable to pay the Shortfall and the Council will include details of the Shortfall in the next notice to the Building Owner specifying the Charge Payment amount to be paid and the Shortfall amount, in accordance with clause 10.1.

  • The Teaching Council is a self-funding body and, consistent with the revenue-raising models of otherprofessional regulators, the fee is set to ensure that the Council has sufficient financial resources to ensure that it can fulfil its statutory functions.From January 2013, the registration renewal fee is €65, reduced from €90.

  • BRIL hereby appoints the Company as an agent of the Fund for the limited purpose of receiving and accepting purchase and redemption requests on behalf of the Accounts (but not with respect to any Shares that may be held in the general account of the Company) for Shares of those Portfolios made available hereunder, based on allocations of amounts to the Accounts or subaccounts thereof under the Contracts and other transactions relating to the Contracts or the Accounts.


More Definitions of Payment Date Shortfall

Payment Date Shortfall has the meaning specified in Section 4.05(a).
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Payment Date Shortfall means, on any Payment Date (determined as of the preceding Transfer Date) the sum, for all Indenture Supplements, of the excess, if any, of (a) the amount that is payable, from Series Accounts established under such Indenture Supplements on such Payment Date, to the Indenture Trustee, the Trustee, the Administrator and the Noteholders, over (b) the amount of funds that are available pursuant to such Indenture Supplements (without giving effect to any Servicer Advance) to make the payments contemplated by clause (a) of this sentence. 18 Second Amended and Restated Servicing Agreement
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Related to Payment Date Shortfall

  • Available Funds Shortfall As defined in Section 3.03(b)(ii)(A).

  • Finance Charge Shortfall shall have the meaning specified in Section 4.09.

  • Class A-P Collection Shortfall With respect to the Cash Liquidation or REO Disposition of a Discount Mortgage Loan and any Distribution Date, the excess of the amount described in Section 4.02(b)(i)(C)(1) over the amount described in Section 4.02(b)(i)(C)(2).

  • Available Funds Shortfall Amount means, as of any Payment Date, the amount, if any, by which the aggregate amount required to be paid pursuant to clauses first through twelfth of Section 4.4(a) of the Sale and Servicing Agreement exceeds the Available Funds for such Payment Date.

  • Class A Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class A Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed or allocated to the class A noteholders or deposited into the accumulation account on that distribution date.

  • Class B Note Principal Shortfall means, as of the close of any distribution date, the excess of: • the Class B Noteholders’ Principal Distribution Amount on that distribution date, over • the amount of principal actually distributed to the class B noteholders on that distribution date.

  • Accumulation Shortfall shall initially mean zero and shall thereafter mean, with respect to any Monthly Period during the Controlled Accumulation Period, the excess, if any, of the Controlled Deposit Amount for the previous Monthly Period over the amount deposited into the Principal Funding Account pursuant to subsection 4.9(c)(i) with respect to the Certificates for the previous Monthly Period.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Note Interest Shortfall means, for a Class and a Payment Date, an amount equal to the excess, if any, of the Accrued Note Interest for the prior Payment Date for the Class over the amount of interest that was paid to the Noteholders of that Class on the prior Payment Date, together with interest on the excess amount, to the extent lawful, at the Note Interest Rate for the Class for that Interest Period.

  • Note Monthly Principal Distributable Amount means, with respect to any Payment Date, the Note Percentage of the Principal Distributable Amount for such Payment Date.

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Principal Shortfall For any Distribution Date, the amount, if any, by which (i) the Principal Distribution Amount for the preceding Distribution Date exceeds (ii) the aggregate amount actually distributed with respect to principal on the Non-Vertically Retained Principal Balance Certificates on such preceding Distribution Date in respect of such Principal Distribution Amount.

  • Deferred Sales Charge Payment Date means October 10, 2013 and the tenth day of each month thereafter through February 10, 2014.

  • Deferred Sales Charge Payment Dates means the dates specified for deferred sales fee installments under "Investment Summary--Fees and Expenses" in the Prospectus for the Trust.

  • Amortization Payment Date shall have the meaning set forth in Section 2(d).

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.

  • Capitalization Reimbursement Shortfall Amount With respect to any Distribution Date and, with respect to any Mortgage Pool comprised of two or more Loan Groups, each Loan Group, the amount, if any, by which the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of all Mortgage Loans (or, if the Mortgage Pool is comprised of two or more Loan Groups, on the Mortgage Loans in the related Loan Group) during the preceding calendar month exceeds the amount of principal payments on the Mortgage Loans included in the Available Distribution Amount (or, if the Mortgage Pool is comprised of two or more Loan Groups, Available Distribution Amount for the related Loan Group) for that Distribution Date.

  • Principal Payment Date means, if applicable, each date designated as such in the Series Term Sheet.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Class E Final Scheduled Payment Date means the Payment Date occurring in June 2023.