Class B Certificate Balance definition

Class B Certificate Balance means, at any time, the Original Class B Certificate Balance, as reduced by all amounts allocable to principal on the Class B Certificates distributed to Class B Holders prior to such time.

Class B Certificate Balance shall equal, initially, the Class B Original Class Certificate Balance and, thereafter, shall equal the Class B Original Class Certificate Balance, reduced by all amounts previously distributed to Class B Certificateholders and allocable to principal.

Class B Certificate Balance shall initially equal the Original Class B Certificate Balance and, on any Distribution Date, shall equal the amount by which the Pool Balance as of the last day of the related Collection Period exceeds the Class A Certificate Balance on such Distribution Date.

Examples of Class B Certificate Balance in a sentence

• Upon initial issuance, the Class A Certificates and the Class B Certificates shall be in the form of Exhibit A and Exhibit B, respectively, which are incorporated by reference herein, and shall be issued as provided in Section 5.8, in an aggregate amount equal to the Original Class A Certificate Balance and the Original Class B Certificate Balance, respectively.

• The Certificates shall be issuable in denominations of $1,000 and integral multiples thereof; provided that one Class A Certificate and one Class B Certificate may be issued in a denomination that represents the residual amount of the original Class A Certificate Balance and the Original Class B Certificate Balance, respectively.

• In any other case, the Holder of the Class B Certificates having the largest Current Class B Certificate Balance is designated as the partner responsible for filing such tax returns and as Tax Matters Partner for the Series Pool.

• If the Aggregate Outstanding Class B Certificate Balance has not been reduced to zero after the final distributions pursuant to the provisions of Article IV and this Section 13.02 have been effected, all Class B Certificates will nonetheless be surrendered at the principal office of the Administrator.

• The Administrator will promptly notify Xxxxxxx Mac and DTC of the resulting reduction in the Aggregate Outstanding Class B Certificate Balance and the corresponding increase in the Aggregate Outstanding Class A Certificate Balance, and the Liquidity Commitment will be increased accordingly.

More Definitions of Class B Certificate Balance

Class B Certificate Balance. As to any Distribution Date, the sum of the --------------------------- Class B-1 and Class B-2 Certificate Balances (before giving effect to the principal distributions on such Distribution Date).

Class B Certificate Balance at any time, equals the Original Class B Certificate Balance, as reduced by all amounts allocable to principal on the Class B Certificates distributed to Class B Certificateholders prior to such time.

Class B Certificate Balance shall equal, initially, the Class B Percentage of the Original Pool Balance and, thereafter, shall equal the initial Class B Certificate Balance, reduced by all amounts previously distributed to Class B Certificateholders and allocable to principal.

Class B Certificate Balance shall initially equal the Class B Initial Certificate Balance and, on any Payment Date (after giving effect to all payments made to Certificateholders on such date) shall equal the amount by which the sum of (i) the Pool Balance as of the last day of the related Due Period and (ii) the Pre-Funded Amount as of such day exceeds the Class A Certificate Balance on such Payment Date (after giving effect to all payments made to the Class A Certificateholders on such date).

Class B Certificate Balance means, as of any date of determination, the Initial Class [B] Certificate Balance reduced by all amounts previously distributed to Holders of Class [B] Certificates (or deposited in the Reserve Account, exclusive of the Reserve Account Initial Deposit) and allocable to principal and by Realized Losses to the extent of the amount of such Realized Losses paid from the Class [B] Percentage of the Principal Distribution Amount.

Class B Certificate Balance shall equal, initially, the Original Class B Certificate Balance and, thereafter, shall equal the Original Class B Certificate Balance, reduced by all amounts previously distributed to the Class B Certificateholders and allocable to principal; provided, however, that on any Distribution Date on or after the Distribution Date on which the Class C Certificate Balance is reduced to zero, the Class B Certificate Balance on any Distribution Date will equal the excess of the Pool Balance as of the last day of the related Collection Period over the Class A Certificate Balance as of such Distribution Date after all required distributions, deposits and withdrawals have been made.

Class B Certificate Balance shall equal, initially, the Class B Percentage of the aggregate Principal Balance of the Initial Receivables as of the initial Cutoff Date plus the Class B Percentage of the Original Pre-Funded Amount, if any, and, thereafter, the initial Class B Certificate Balance, reduced by all amounts previously distributed to Class B Certificateholders as principal.