Principal Carryover Shortfall definition

Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Principal Distribution Amount over the Monthly Principal Distributable Amount.

Principal Carryover Shortfall means, with respect to any Payment Date, the excess of (i) the Principal Distributable Amount for the immediately preceding Payment Date over (ii) the amount that was actually deposited into the Note Distribution Account and the Certificate Distribution Account, if applicable, on account of principal on such immediately preceding Payment Date.

Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess of the Principal Payment Amount and (without duplication) any outstanding Principal Carryover Shortfall from the preceding Payment Date, over the amount of principal actually paid to the holders of the Notes on such current Payment Date.

Examples of Principal Carryover Shortfall in a sentence

• Certificate Principal Carryover Shortfall, if any, (and change in amount from preceding statement) $0.00 h.

• Certificateholders' Principal Carryover Shortfall, if any (and change in amount from preceding statement) $0.00 h.

• 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.

• Class A Principal Carryover Shortfall $0.00 with respect to Class A-3 6.

• To the Class M-3 Certificates, (a) any related Class Interest Carryover Shortfall and then (b) any related Class Principal Carryover Shortfall.

More Definitions of Principal Carryover Shortfall

Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess of the Principal Distribution Amount and any outstanding 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.

Principal Carryover Shortfall means, with respect to each payment date, the excess of the Principal Distributable Amount for the preceding payment date over the amount that was actually deposited in the Note Distribution Account in respect of principal of the Notes on such preceding payment date.

Principal Carryover Shortfall means, with respect to any Payment Date, the excess of the Principal Distributable Amount for the preceding Payment Date over the amount that was actually paid to the Lenders in reduction of the Loan Balance on such preceding Payment Date, plus interest thereon at the Default Rate for the period from the preceding Payment Date to such Payment Date.

Principal Carryover Shortfall means, as of the close of any Payment Date, the sum of the excess, if any, of the then Principal Distribution Amount over the Quarterly Principal Distributable Amount.

Principal Carryover Shortfall means as of the close of business on any payment date, the excess of the Noteholder Principal Distributable Amount from the preceding payment date over the amount that was actually deposited in the Note Distribution Account on such preceding payment date to be distributed as principal on the notes.

Principal Carryover Shortfall means, as of the close of business on any Payment Date, the excess, if any, of the Principal Distribution Amount over the amount of principal actually received by Noteholders on such Payment Date.

Principal Carryover Shortfall. As of the close of business on any Payment Date, an amount equal to (i) the Principal Payment Amount and any outstanding Principal Carryover Shortfall from the immediately preceding Payment Date, over (ii) the amount of principal that the Noteholders actually received on such current Payment Date.