Principal Shortfall Amount definition

Principal Shortfall Amount means, in respect of a Failure to Pay Principal, an amount equal to the greater of:

Principal Shortfall Amount means, with respect to any Payment Date, the excess of the Principal Distribution Amount for the preceding Payment Date over the amount in respect of the Principal Distribution Amount that is actually deposited in the Note Payment Account on such preceding Payment Date.

Principal Shortfall Amount. Class A Notes Class A-1 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-2 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-3 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-4 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Class A-5 $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Subordinated Notes $0.00 Dollar Amount per $1,000 of original principal balance $0.00 Trust Certificates $0.00 Dollar Amount per $1,000 of original principal balance $0.00

Examples of Principal Shortfall Amount in a sentence

• If the Principal Shortfall Amount would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then the Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.

• If the Principal Shortfall Amount in respect of a Reference Obligation would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then such Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.

• In the event that a Securityholder fails to make payment of its Relevant Proportion of the Principal Shortfall Amount in accordance with the provisions of Condition LSSCLF5(c), this paragraph 7 shall apply in respect of such amounts in the same manner as set out above as soon as reasonably practicable thereafter.

• Parties may wish to note that the Reference Price in this form is used to adjust pro-rata any Physical Settlement Amount, Writedown Amount, Writedown Reimbursement Amount, Principal Shortfall Amount or Principal Shortfall Reimbursement Amount.

• Principal Shortfall Amount means the positive difference, if any, between the relevant Minimum Required Principal Amount and the Issued Principal.

More Definitions of Principal Shortfall Amount

Principal Shortfall Amount has the meaning given to it in the Service Agency Agreement.

Principal Shortfall Amount means, in respect of any Reference Obligation and a Failure to Pay Principal, an amount equal to the greater of:

Principal Shortfall Amount which means, with respect to a Failure to Pay Principal, an amount equal to the greater of (i) zero and (ii) an amount equal to the product of (A ) the Expected Principal Amount minus the Actual Principal Amount, (B) the Applicable Percentage and (C) the Reference Price. If the Principal Shortfall Amount would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then the Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.

Principal Shortfall Amount. With respect to any Payment Date, an amount equal to the aggregate amount of principal payments on the Notes that were owed on prior Payment Dates but not made to the Holders prior to such Payment Date.

Principal Shortfall Amount has the meaning given to it in paragraph (b) of Clause

Principal Shortfall Amount. With respect to any Reference Obligation Payment Date, an amount equal to the greater of:

Principal Shortfall Amount. With respect to any Distribution Date, the excess of the Monthly Principal Amount (without giving effect to the limitation in such definition of “to the extent of funds available therefor”) for the preceding Distribution Date and any outstanding Principal Shortfall Amount on such preceding Distribution Date over the amount in respect of principal that is actually distributed to the Class A Certificateholders on such preceding Distribution Date.