Specified Shortfall Payment definition

Specified Shortfall Payment means any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than August 26, 1998 or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.
Sample 1
Specified Shortfall Payment shall have the meanings set forth in the Participation Agreement relating to any Indenture, (ii) "Bankruptcy Code" shall mean the U.S. Bankruptcy Reform Act of 1978, as amended from time to time, and (iii) "Letter of Credit" shall mean the Irrevocable Letter of Credit No. 0815 of Kreditanstalt fur Wiederaufbau in favor of the Subordination Agent.
Sample 1

Examples of Specified Shortfall Payment in a sentence

  • The Letter of Credit shall expire no earlier than the date 91 days after the later of the last Specified Shortfall Payment payable under this Section 17.02 and the last "Specified Shortfall Payment" payable under Section 17.02 of any Related Participation Agreement.

  • For purposes of this subsection (f), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than September 22, 1998, or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (f), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than September 21, 1998, or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (g), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than September 23, 1998 or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (f), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than November 17, 1998, or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (g), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than July 15, 1998 or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (f), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than October 22, 1998, or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (g), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than August 26, 1998 or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (g), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than October 22, 1998 or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

  • For purposes of this subsection (g), "Specified Shortfall Payment" shall mean any payment by the Lessee pursuant to this Section 17.02 (i) in respect of any Losses which occur as a result of delivery of the Aircraft on a date other than September 15, 1998, or (ii) in respect of interest accrued for any applicable period on any Certificate in excess of any earnings on investments in the Collateral Account for such period.

Related to Specified Shortfall Payment

  • Shortfall Payment has the meaning specified in Section 3.7.

  • 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.

  • 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.

  • Collateral Shortfall Amount is defined in Section 8.1.

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

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

  • 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).

  • Net Interest Shortfall With respect to any Distribution Date, the Interest Shortfall, if any, for such Distribution Date net of Compensating Interest Payments made with respect to such Distribution Date.

  • 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).

  • Prepayment Interest Shortfall Amount With respect to any Mortgage Loan that was subject to a Principal Prepayment in full or in part during any Due Period, which Principal Prepayment was applied to such Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the amount of interest (net of the General Servicing Fee) that would have accrued on the amount of such Principal Prepayment during the period commencing on the date as of which such Principal Prepayment was applied to such Mortgage Loan and ending on the day immediately preceding such Due Date, inclusive.

  • 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).

  • 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-2 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-2 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-2 Certificates on such Distribution Date pursuant to Paragraph eighth of Section 4.01(a).

  • Class B Interest Shortfall Amount Any of the Class B-1 Interest Shortfall Amount, Class B-2 Interest Shortfall Amount, Class B-3 Interest Shortfall Amount, Class B-4 Interest Shortfall Amount, Class B-5 Interest Shortfall Amount or Class B-6 Interest Shortfall Amount.

  • Unpaid Interest Shortfall Amount With respect to the Class A Certificates and the Mezzanine Certificates and (i) the first Distribution Date, zero, and (ii) any Distribution Date after the first Distribution Date, the amount, if any, by which (a) the sum of (1) the Monthly Interest Distributable Amount for such Class for the immediately preceding Distribution Date and (2) the outstanding Unpaid Interest Shortfall Amount, if any, for such Class for such preceding Distribution Date exceeds (b) the aggregate amount distributed on such Class in respect of interest pursuant to clause (a) of this definition on such preceding Distribution Date, plus interest on the amount of interest due but not paid on the Certificates of such Class on such preceding Distribution Date, to the extent permitted by law, at the Pass-Through Rate for such Class for the related Accrual Period.

  • Substitution Shortfall Amount As defined in Section 2.03(d).

  • Shortfall Amount as defined in Section 2.6.

  • 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.

  • 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:

  • 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).

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • 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.

  • Net Interest Shortfalls means Interest Shortfalls net of payments by the Company, the Servicer or the Master Servicer in respect of Compensating Interest.

  • Class B-5 Interest Shortfall Amount As to any Distribution Date, any amount by which the Interest Accrual Amount of the Class B-5 Certificates with respect to such Distribution Date exceeds the amount distributed in respect of the Class B-5 Certificates on such Distribution Date pursuant to Paragraph seventeenth of Section 4.01(a).

  • Working Capital Shortfall means the amount, if any, by which Working Capital is less than the Working Capital Target.