Class P Sample Clauses

Class P. Class I-B-4, Class I-B-5, Class I-B-6, Class II-B-4, Class II-B-5 and Class II-B-6 Certificates. Rating Agencies........................ Moody's and S&P. Rexxxxx Xertificates................... All Classes of Certificates other than the Class A-R Certificates. Residual Certificate................... Class A-R Certificates. Retained Certificates.................. Class PO, Class A-X, Class II-B-1, Class II-B-2 and Class II-B-3 Certificates.
Sample 1Sample 2
Class P. The General Partner may, if approved by Class P Majority Approval, allocate, for any taxable period, up to one hundred percent (100%) of any items of income or gain (or any portion thereof) resulting from any Class P Transaction in respect of the Class P Units to the Class P Limited Partners, Pro Rata. In any taxable period that begins at least five (5) years after the taxable period for which any allocations are made pursuant to the immediately preceding sentence (a “Class P Offset Period”), the Class P Limited Partners may, but only if approved by, and in such time and such manner as determined by, Class P Majority Approval, be specially allocated up to one hundred percent (100%) (or such lesser portion as may be determined by Class P Majority Approval) of any items of loss or deduction in respect of the Class P Units until the cumulative amount allocated pursuant to this sentence is equal to the aggregate amount of income or gain allocated to Class P Limited Partners pursuant to the immediately preceding sentence in such earlier tax period. The Class P Limited Partners shall deliver notice to the General Partner of any Class P Majority Approval of any such special allocation of items of loss or deduction in respect of the Class P Units pursuant to the immediately preceding sentence during any Class P Offset Period within one hundred fifty (150) days after the close of the applicable tax year to which such special allocation relates. For the avoidance of doubt, no allocations of “book” items shall be made to the Class P Limited Partners in respect of such Class P Units except as set forth in this Section 6.1(b)(xi).
Sample 1Sample 2
Class P. Class B-1, Class B-2 and Class B-3 Certificates. Rating Agencies..................... S&P and Moody's. Regular Certificates................ All Classes of Certificates, other than the Residual Certificates. Residual Certificates............... The Class A-R Certificates.
Sample 1
Class P. After distribution of the Amount Available under Sections 8.07(d) and (e), and provided the Payment Date is one subsequent to the month in which Prepayment Charges are no longer collectible on any Loan, to the Class P Certificateholder (pro rata in respect of the Class P(F) and Class P(V) Interests) until the Class P Principal Balance is reduced to zero. On each Payment Date, Prepayment Charges shall be paid to the Class P Certificate in the amount described in Section 8.04(f)(i).
Sample 1
Class P. Class S-B-4, Class B-4, Class S-B-5, Class B-5, Class S-B-6 and Class B-6 Certificates. Rating Agencies........................... S&P and Moody's. Regular Certificates...................... All Classes of Certificates, other than the Residual Certificates. Residual Certificates..................... Class A-R Certificates. Scheduled Principal Classes............... None. Senior Certificate Group.................. The Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates or the Group 4 Senior Certificates, as applicable. Senior Certificates....................... Group 1 Senior Certificates, the Group 2 Senior Certificates, the Group 3 Senior Certificates and the Group 4 Senior Certificates. Subordinated Certificate Group............ Aggregate Group I Subordinated Certificates and Aggregate Group II Subordinated Certificates.
Sample 1
Class P. The Class A-1 Interest will bear interest during each Interest Accrual Period at a per annum rate equal to (a) on or prior to the Optional Termination Date, the lesser of (i) LIBOR plus the applicable Interest Margin and (ii) the Available Funds Cap or (b) after the Optional Termination Date, the lesser of (i) LIBOR plus the applicable Interest Margin and (ii) the Available Funds Cap.
Sample 1
Class P. The Class A-1 Interest will bear interest during each Interest Accrual Period at a per annum rate equal to (a) on or prior to the Optional Termination Date, the lesser of (i) LIBOR plus the applicable Interest Margin and (ii) the Available Funds Cap or (b) after the Optional Termination Date, the lesser of (i) LIBOR plus the applicable Interest Margin and (ii) the Available Funds Cap. For purposes of the REMIC Provisions, the reference to “Available Funds Cap” in clause (ii) of the preceding sentence shall be deemed a reference to the REMIC 3 Net Funds Cap; therefore, on any Distribution Date on which the Interest Rate for the Class A-1 Certificates exceeds the REMIC 3 Net Funds Cap, interest accruals based on such excess shall be treated as having been paid from the Excess Reserve Fund Account or the Supplemental Interest Trust, as applicable; on any Distribution Date on which the Interest Rate on the Class A-1 Certificates is based on the Available Funds Cap, the amount of interest that would have accrued on the Class A-1 Certificates if the REMIC 3 Net Funds Cap were substituted for the Available Funds Cap shall be treated as having been paid by the Class A-1 Certificateholders to the Supplemental Interest Trust, all pursuant to and as further provided in Section 8.11 hereof.
Sample 1

Related to Class P

  • Multi-Class Distribution Arrangements You understand and acknowledge that the Funds may offer Shares in multiple classes, and you represent and warrant that you have established compliance procedures designed to ensure that your customers are made aware of the terms of each available class of Fund Shares, to ensure that each customer is offered only Shares that are suitable investments for him or her, to ensure that each customer is availed of the opportunity to obtain sales charge break points as detailed in the Prospectus, and to ensure proper supervision of your representatives in recommending and offering the Shares of multiple classes to your customers.

  • Class A Units If a Warrantholder exercises Warrants in connection with a tender offer for settlement prior to the First Regular Call Date, each Class A Unit called in connection with such exercise shall receive, in addition to principal and accrued interest, $1.50 per Class A Unit from the proceeds of the Warrant exercise. Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.