Class B definition

Class B. Class C," "Class D," "Class E," "Class F," "Class G," "Class H," "Class J," "Class K," "Class L," "Class M," "Class N," "Class O," "Class R-I," "Class R-II" and "Class R-III" respectively, on the face thereof, in substantially the form attached hereto as Exhibits.

Class B has the meaning set forth in Section 5.1.C.

Class B means a passenger ship engaged on domestic voyages in the course of which it is at no time more than 20 miles from the line of coast, where shipwrecked persons can land, corresponding to the medium tide height.

Examples of Class B in a sentence

• The rating of the Class A Notes and Class B Notes by S&P addresses the likelihood of (i) the timely payment of interest due on the Class A Notes on each Payment Date and (ii) the ultimate payment of to the Class A Noteholders of principal in relation to the Class A Notes on or prior to the Maturity Date.

• Future events, including events affecting the Swap Counterparty, the Transaction Account Bank, the Collections Account Bank, the Seller and the Servicer or any other Transaction Party, could also have an adverse effect on the rating of the Class A Notes or Class B Notes.

• The Issuer has not requested a rating of the Notes by any rating agency (except in respect of the Class A Notes and the Class B Notes by the Rating Agencies).

• The ratings assigned to the Class A Notes or Class B Notes do not represent any assessment of the likelihood or level of principal prepayments prior to the Maturity Date.

• It is a condition of the issue of the Class A Notes and Class B Notes that they are assigned the ratings indicated in the table on page vii of this Prospectus.

More Definitions of Class B

Class B. The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class C: The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class I: The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Investor Class: The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares. Class R3: The Manager will apply an equivalent waiver or reimbursement, in an equal number of basis points waived for Class A Shares.

Class B. The rate of Class B bilingual skills is twenty dollars ($20) biweekly; twenty-five cents ($0.25) per hour for eighty (80) hours of paid service - thereafter, the FLSA regular rate for overtime shall apply. To qualify for this rate, the employee must be assigned to a position designated as requiring bilingual skills less than fifty percent (50%) of the time or thirty-nine (39) hours or less in an 80-hour biweekly pay period. This fifty percent (50%) or less usage requirement shall mean the actual time spent conversing or interpreting in a second language.

Class B or "Class C" means pertaining to each Class of Class A Certificates, Class M-1 Certificates, Class B Certificates and/or Class C Certificates, as the case may be.

Class B authorized emergency vehicles means wreckers and such other emergency vehicles as are authorized by the local authorities.

Class B. Class B-3I" or "Class C" means ----------------------------------------------------------------- pertaining to each Class of Class A Certificates, Class M Certificates, Class B Certificates, Class B-3I Certificates and/or Class C Certificates, as the case may be.

Class B vehicles not designed to carry standing passengers; a vehicle of this class has no provision for standing passengers.

Class B. The rate of Class B bilingual skills is sixteen dollars and fifteen cents ($16.15) biweekly. To qualify for this rate, the employee must be assigned to a position designated as requiring bilingual skills less than fifty percent (50%) of the time or thirty-nine (39) hours or less in an eighty (80) hour biweekly pay period. This fifty percent (50%) or less usage requirement shall mean the actual time spent conversing or interpreting in a second language.