CLASS B CERTIFICATE FACTOR definition
CLASS B CERTIFICATE FACTOR means, as of any Distribution Date, a seven-digit decimal figure equal to the Class B Certificate Balance as of the close of business on such Distribution Date divided by the Original Class B Certificate Balance.
CLASS B CERTIFICATE FACTOR means, at any time, the percentage (carried out to seven decimal places) derived from a fraction, the numerator of which is the Class B Certificate Balance at such time and the denominator of which is the Class B Initial Certificate Balance.
CLASS B CERTIFICATE FACTOR means, with respect to any Monthly Allocation Date, a seven-digit decimal figure equal to the Class B Certificate Balance as of the close of business on such Monthly Allocation Date (after giving effect to all changes in the Class B Certificate Balance made on that date) divided by the Initial Class B Certificate Balance.
More Definitions of CLASS B CERTIFICATE FACTOR
CLASS B CERTIFICATE FACTOR. As of any Distribution Date, a seven-digit decimal figure equal to the Class B Certificate Balance as of the close of business on such Distribution Date divided by the initial Class B Certificate Balance as of the Cut-Off Date.
CLASS B CERTIFICATE FACTOR means, a seven digit decimal number computed by the Servicer and stated in the Servicer's Certificate which is computed by dividing the Class B POOLING AND SERVICING AGREEMENT Principal Balance (after giving effect to any distribution of Class B Monthly Principal required to be made on such Distribution Date) by the Initial Class B Principal Balance.
CLASS B CERTIFICATE FACTOR means, as of any Payment Date, a seven-digit decimal figure equal to the Class B Certificate Balance as of the close of business on such Payment Date divided by the Original Class B Certificate Balance.
CLASS B CERTIFICATE FACTOR means, with respect to any Monthly Allocation Date, a seven-digit decimal figure equal to the Class B Certificate Balance as of the close of business on such Monthly Allocation Date (after giving effect to all changes in the Class B Certificate Balance made on that date) divided by the Initial Class B Certificate Balance. "CLASS B CERTIFICATE PRINCIPAL LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the amount, if any, by which (i) the sum of the Class B Loss Amount for the related Collection Period and any previously unreimbursed Class B Certificate Principal Loss Amount exceeds (ii) the aggregate of amounts available to be allocated or distributed in respect thereof pursuant to Section 3.01 of the 1997-A Securitization Trust Agreement on such Monthly Allocation Date. "CLASS B CERTIFICATE PRINCIPAL LOSS INTEREST AMOUNT" means, with respect to any Monthly Allocation Date, the aggregate amount of accrued and unpaid interest (at the Class B Certificate Rate) on the aggregate amount of unreimbursed Class B Certificate Principal Loss Amounts (to the extent lawful). "CLASS B CERTIFICATEHOLDER" means any Holder of a Class B Certificate. "CLASS B CERTIFICATE PRINCIPAL CARRYOVER SHORTFALL" means, with respect to any Monthly Allocation Date (a) with respect to a Collection Period commencing during the Revolving Period, the amount of principal allocable to the Class B Certificates that otherwise would have been made available for reinvestment in additional 1997-A SUBI Assets pursuant to Section 3.02 of the 1997-A Servicing Supplement and (b) with respect to a Collection Period commencing during the Amortization Period, the amount of principal allocable or distributable to the Class B Certificateholders, but which is instead applied as set forth in Section 3.01(b)(ii) and (viii) pursuant to Section 3.01(e)(iii) of the Securitization Trust Agreement. "CLASS B CHARGED-OFF AMOUNT" means, as of any Monthly Allocation Date, an amount equal to the product of (i) the Class B Allocation Percentage, (ii) the Investor Percentage with respect to Loss Amounts for the related Collection Period and (iii) the Charged-off Amount incurred in respect of such Collection Period.
CLASS B CERTIFICATE FACTOR. The seven digit decimal number that the Servicer will compute or cause to be computed for each Collection Period and will make available to the Trustee on the related Determination Date representing the ratio of (x) the Class B Certificate Principal Balance which will be outstanding on the next Payment Date (after taking into account all distributions to be made on such Payment Date) to (y) the Initial Class B Certificate Principal Amount.