Series Shortfall definition

Series Shortfall. With respect to a series of Notes, the amounts designated as such in the Officer’s Issuance Certificate applicable to such series of Notes.
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Series Shortfall means, in respect of the Series 2023-1 Ownership Interest for a Determination Period, the amount determined in accordance with Section 2.2(9);
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Series Shortfall is defined in Section 6.4(b)(i).
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Examples of Series Shortfall in a sentence

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2008-2 0.00 0.00 0.00 0.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 0.00 0.00 M.

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2005-2 0.00 0.00 0.00 0.00 0.00 2008-2 0.00 0.00 0.00 0.00 0.00 2008-6 0.00 0.00 0.00 0.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 0.00 0.00 M.

  • Shortfalls in such applications will be treated as a Series Shortfall for such series of Class A Notes, and excess amounts will be treated as Remaining Interest Amounts.

  • If on any Distribution Date after giving effect to Sections 4.05 and 4.07, any Referenced Series has a Referenced Series Shortfall greater than zero, the Servicer shall cause the Trustee, by written instruction to the Trustee substantially in the form of Exhibit B, to apply an amount of Reallocated Principal Collections up to such Referenced Series’ pro rata share of the Reallocated Principal Collections to fund any deficiency with respect to such Referenced Series pursuant to Section 4.05(a)(ii).

  • With this, we want to examine whether mixing no-movement and movement data for training and testing will substantially influence the method’s performance.

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2008-2 0.00 0.00 0.00 0.00 0.00 2008-6 0.00 0.00 0.00 102,273,000.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 102,273,000.00 0.00 M.

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2013-1 0.00 0.00 0.00 0.00 0.00 2013-2 0.00 0.00 0.00 0.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 0.00 0.00 M.

  • Shortfalls in such applications will be treated as a Series Shortfall for such series and excess amounts will be treated as Remaining Interest Amounts.

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2013-3 0.00 0.00 0.00 4,336,000.00 0.00 2014-2 0.00 0.00 0.00 0.00 0.00 2014-3 0.00 0.00 0.00 0.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 4,336,000.00 0.00 M.

  • Amounts and Applications Relating to the Referenced Series Series Referenced Series Adjusted Shortfall Referenced Series Shortfall Coverage Amount Allocable portion of Reallocated Principal Collections Applied to fund Scheduled Partial Amortization Amount Reimbursements of reductions of Scheduled Partial Amortization Amount 2013-3 0.00 0.00 0.00 0.00 0.00 2014-2 0.00 0.00 0.00 0.00 0.00 2014-3 0.00 0.00 0.00 0.00 0.00 Aggregate for all Referenced Series 0.00 0.00 0.00 0.00 0.00 M.


More Definitions of Series Shortfall

Series Shortfall means, in respect of a Series and a Payment Date, a shortfall in the payments and deposits required to be made in respect of such Series the amount of which shall be specified in the Series Supplement for each Series.
Sample 1
Series Shortfall means, for a series of Notes, each of the amounts designated as a Series Shortfall above in clause (2) under "Application of Interest Collections."
Sample 1

Related to Series Shortfall

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

  • Series Principal Shortfall means with respect to any Transfer Date, the excess, if any, of (a) (i) with respect to any Transfer Date relating to the Controlled Accumulation Period, the Controlled Deposit Amount for such Transfer Date, and (ii) with respect to any Transfer Date during the Rapid Amortization Period, the Adjusted Investor Interest over (b) the Investor Principal Collections minus the Reallocated Principal Collections for such Transfer Date.

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

  • 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-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).

  • 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.

  • 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.

  • 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.

  • Principal Shortfalls shall have the meaning specified in Section 4.04.

  • 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.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • 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.

  • Daily Principal Shortfall means, on any date of determination, the excess of the Group One Monthly Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in respect of Principal Receivables for such Monthly Period allocable to investor certificates of all outstanding Series in Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

  • Class A Interest Shortfall shall have the meaning specified in subsection 4.02(a).

  • 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.

  • Class Interest Shortfall As to any Distribution Date and Class, the amount by which the amount described in clause (i) of the definition of Class Optimal Interest Distribution Amount for such Class exceeds the amount of interest actually distributed on such Class on such Distribution Date pursuant to such clause (i).

  • Class B-3 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-3 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-3 Certificates on such Distribution Date pursuant to Paragraph eleventh of Section 4.01(a).

  • Class B-6 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-6 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-6 Certificates on such Distribution Date pursuant to Paragraph twentieth of Section 4.01(a).

  • Class A Interest Shortfall Amount As to any Distribution Date and any Class of Class A Certificates, any amount by which the Interest Accrual Amount of such Class with respect to such Distribution Date exceeds the amount distributed in respect of such Class on such Distribution Date pursuant to Paragraph first of Section 4.01(a).

  • Class B-4 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-4 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-4 Certificates on such Distribution Date pursuant to Paragraph fourteenth of Section 4.01(a).

  • Cumulative Series Principal Shortfall means the sum of the Series Principal Shortfalls (as such term is defined in each of the related Series Supplements) for each Series in Group One.

  • Unpaid Basis Risk Shortfall With respect to any Distribution Date and any LIBOR Certificate, the aggregate of all Basis Risk Shortfalls with respect to such Certificate remaining unpaid from previous Distribution Dates, plus interest accrued thereon at the applicable Certificate Interest Rate (calculated without giving effect to the applicable Net Funds Cap) but limited to a rate no greater than the applicable Maximum Interest Rate.

  • Class B Interest Shortfall shall have the meaning specified in subsection 4.02(b).

  • Class B-1 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-1 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-1 Certificates on such Distribution Date pursuant to Paragraph fifth of Section 4.01(a).

  • 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.

  • Interest Shortfall With respect to any Distribution Date and each Mortgage Loan that during the related Prepayment Period was the subject of a Principal Prepayment or constitutes a Relief Act Mortgage Loan, an amount determined as follows: