B-2 Guaranty Payment definition

B-2 Guaranty Payment means, as to any Payment Date, the amount, if any, by which (a) the sum of the Class HE: B-2 Total Formula Distribution Amount and the Class HE: B-2 Liquidation Loss Principal Amount exceeds (b) the Class HE: B-2 Total Distribution Amount.
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B-2 Guaranty Payment. As to any Distribution Date, the amount, if any, by which (a) the sum of the Class HE: B-2 Total Formula Distribution Amount and the Class HE: B-2 Liquidation Loss Principal Amount exceeds (b) the Class HE: B-2 Total Distribution Amount; provided that the Class HE: B-2 Guaranty Payment shall not exceed the amount necessary to reduce the Class HE: B-2 Principal Balance to zero.
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Examples of B-2 Guaranty Payment in a sentence

  • Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01.

  • Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account.

  • Any Class B-2 Guaranty Payment shall be distributable to Class B-2 Certificateholders pursuant to Section 8.01.

  • If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Sub-Pool HE Amount Available and any Class HE: B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class HE: M-1 Interest Deficiency Amount, Class HE: M-2 Interest Deficiency Amount and Class HE: B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.

  • If the Servicer determines that the total amount of funds in the Certificate Account so reported by the Trustee (after giving effect to the withdrawal of the Sub-Pool HI Amount Available and any Class HI: B-2 Guaranty Payment for the related Payment Date) will be sufficient to pay in full any Class HI: M-1 Interest Deficiency Amount, Class HI: M-2 Interest Deficiency Amount and Class HI: B-1 Interest Deficiency Amount, the Servicer shall so indicate on the Monthly Report.

  • Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account.

  • If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch.

  • No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date.

  • Any Class HE: B-2 Guaranty Payment shall be distributable to Class HE: B-2 Certificateholders pursuant to Section 8.01.

  • No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class B-2 Guaranty Payment (if any) for such Payment Date.

Related to B-2 Guaranty Payment

  • Payment Guaranty means, if applicable, that certain Guaranty (Payment) of even date herewith executed by Guarantor to and for the benefit of Lender, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

  • Guaranteed Advance Payment Sum means: The maximum amount of R .........................................................................

  • Guaranty of Payment means each Guaranty of Payment executed and delivered on or after the Closing Date in connection with this Agreement by the Guarantors of Payment, as the same may from time to time be amended, restated or otherwise modified.

  • a guaranteed income payment means a payment made under article 15(1)(c) (injury benefits) or 29(1)(a) (death benefits) of the Armed Forces and Reserve Forces (Compensation Scheme) Order 2011;

  • Monthly Debt Service Payment Amount means, for each Monthly Payment Date, an amount equal to the amount of interest which is then due on all the Components of the Loan in the aggregate for the Interest Period during which such Monthly Payment Date occurs.