Class B-1 Principal Balance definition

Class B-1 Principal Balance. As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.

Class B-1 Principal Balance means, as to any Remittance Date, the Original Class B-1 Principal Balance less all amounts previously distributed to Holders of Class B-1 Certificates on account of principal.

Class B-1 Principal Balance. As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b); provided, however, if the Class B-1 Certificates are the most subordinate Certificates outstanding, the Class B-1 Principal Balance will equal the difference, if any, between the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.

Examples of Class B-1 Principal Balance in a sentence

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third or eighth sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• As to the Class B Certificates, the Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance, respectively.

• Class B-1 Principal Balance 10,425,000.000 Class B-2 Certificates ---------------------- 58.

More Definitions of Class B-1 Principal Balance

Class B-1 Principal Balance. As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the Original Class B-1 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) (including any principal otherwise payable to the Class B-1 Certificates used to pay any Class A-PO Deferred Amounts) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-1 Certificates are the most subordinate Certificates outstanding, the Class B-1 Principal Balance will equal the difference, if any, between the Adjusted Pool Amount (Non-PO Portion) as of the preceding Distribution Date less the Class A Non-PO Principal Balance as of such Determination Date.

Class B-1 Principal Balance. At any time, the Original Class B-1 Principal Balance minus the sum of (i) all amounts previously distributed on the Class B-1 Certificates pursuant to clauses A(viii) and B(viii) of Section 6.01(a).

Class B-1 Principal Balance means, for any Payment Date, the Original Class B-1 Principal Balance less all amounts previously distributed to Holders of Class B-1 Certificates in respect of principal.

Class B-1 Principal Balance means, as to any Payment Date, the Original Class B-1 Principal Balance less all amounts distributed to Holders of Class B-1 Notes on prior Payment Dates on account of principal pursuant to Section 8.02(c)(8) of the Indenture.

Class B-1 Principal Balance means, at any time, the Initial Class B-1 Principal Balance minus the sum of all amounts previously distributed to the Class B-1 Certificateholders pursuant to Section 6.01(a)(xi) and (a)(xii).

Class B-1 Principal Balance means, as of any date, the Original Class B-1 Principal Balance minus the aggregate cumulative amount of (i) amounts described in Section 6.05(l) hereof prior to such date, (ii) amounts described in Section 6.05(m) hereof, prior to such date and (iii) amounts described in Section 6.07(d) hereof prior to such date.

Class B-1 Principal Balance means, as of any date, the Original Class B-1 --------------------------- Principal Balance minus the aggregate cumulative amount of (i) amounts described in Section X(xii) hereof prior to such date, (ii) amounts described in Section X(xii) hereof, prior to such date and (iii) amounts described in Section Y(iv) hereof prior to such date.