Class B Carryover Controlled Amortization Amount definition

Class B Carryover Controlled Amortization Amount means, with respect to any Related Month during the Series 2015-1 Controlled Amortization Period, the amount, if any, by which the portion of the Monthly Total Principal Allocation paid to the Class B Noteholders pursuant to Section 2.5(e)(ii) for the previous Related Month was less than the Class B Controlled Distribution Amount for the previous Related Month; provided, however, that for the first Related Month in the Series 2015-1 Controlled Amortization Period, the Class B Carryover Controlled Amortization Amount shall be zero.
Class B Carryover Controlled Amortization Amount means, with respect to any Related Month during the Series 2024-3 Controlled Amortization Period, the amount, if any, by which the portion of the Monthly Total Principal Allocation paid to the Class B Noteholders pursuant to Section 2.5(e)(ii) for the previous Related Month was less than the Class B Controlled Distribution Amount for the previous Related Month; provided, however, that for the first Related Month in the Series 2024-3 Controlled Amortization Period, the Class B Carryover Controlled Amortization Amount shall be zero.
Class B Carryover Controlled Amortization Amount means, with respect to the Class B Notes for any Related Month during the Class B Controlled Amortization Period, the sum of (x) the amount, if any, by which the portion of the Monthly Total Principal Allocation allocable to the Class B Notes for the previous Related Month plus any amounts in excess of the Liquidity Amount drawn from the Series 1996-1 Excess Funding Account on account of the related Class B Controlled Distribution Amount was less than the Class B Controlled Amortization Amount for such previous Related Month, and (y) the sum of such deficiencies, to the extent unpaid, for each Related Month prior thereto; provided, however, that for the first Related Month in the Class B Controlled Amortization Period, the Class B Carryover Controlled Amortization Amount shall be zero.

More Definitions of Class B Carryover Controlled Amortization Amount

Class B Carryover Controlled Amortization Amount means, with respect to any Related Month during the Series 2010-3 Controlled Amortization Period, the amount, if any, by which the portion of the Monthly Total Principal Allocation paid to the Class B Noteholders pursuant to Section 2.5(e)
Class B Carryover Controlled Amortization Amount means, for any Group IV Related Month during the Class B Controlled Amortization Period, the amount, if any, by which the portion of the Monthly Total Principal Allocation allocable to the Class B Notes for the previous Group IV Related Month was less than the Class B Controlled Distribution Amount for the previous Group IV Related Month; PROVIDED, HOWEVER, that for the first Group IV Related Month in the Class B Controlled Amortization Period, the Class B Carryover Controlled Amortization Amount shall be zero.
Class B Carryover Controlled Amortization Amount means, with respect to the Class B Notes for any Related Month during the Class B Controlled Amortization Period, (i) the excess, if any, of the Class B Controlled Distribution Amount payable on the Payment Date occurring in the Related Month over the principal amount distributed on such Payment Date with respect to the Class B Notes pursuant to Section 4.10(b) of this Supplement plus (ii) the unpaid amount, if any, of the Class B Carryover Controlled Amortization Amount for the previous Related Month; provided, however, that for the first Related Month in the Class B Controlled Amortization Period, the Class B Carryover Controlled Amortization Amount shall be zero.

Related to Class B Carryover Controlled Amortization Amount

  • Regular Principal Distribution Amount means, with respect to any Payment Date, an amount equal to (a) the excess, if any, of (i) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date), over (ii) the excess, if any, of the Adjusted Pool Balance as of the end of the related Collection Period less the Overcollateralization Target Amount minus (b) the sum of the First Priority Principal Distribution Amount and the Second Priority Principal Distribution Amount for such Payment Date.