Noteholders' Interest Carryover Shortfall

Noteholders' Interest Carryover Shortfall. With respect to any Payment Date, the excess of the sum of the Noteholders' Monthly Accrued Interest for the preceding Payment Date and any outstanding Noteholders' Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders on the preceding Payment Date, to the extent permitted by law, at the respective Interest... Rates borne by such Notes for the related Interest Period. View More