Class B Controlled Distribution Amount definition

Class B Controlled Distribution Amount means, with respect to any Related Month during the Class B Controlled Amortization Period, an amount equal to the excess of (x) one-third of the Class B Invested Amount on the Class B Scheduled Expiry Date (after giving effect to any Increase or Decrease on the Class B Scheduled Expiry Date) over (y) the aggregate amount of any Decreases made with respect to the Class B Notes during such Related Month pursuant to Section 2.5.

Class B Controlled Distribution Amount means, with respect to any Related Month during the Class B Controlled Amortization Period, an amount equal to the sum of the Class B Controlled Amortization Amount and any Class B Carryover Controlled Amortization Amount for such Related Month.

Class B Controlled Distribution Amount means, with respect to any Distribution Date, an amount equal to the Class B Controlled Amortization Amount plus any existing Class B Deficit Controlled Amortization Amount determined on the preceding Distribution Date, if any.

Examples of Class B Controlled Distribution Amount in a sentence

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2015-1 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2014-2 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2019-2 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2020-1 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2022-3 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2012-3 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2020-2 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2014-1 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2021-2 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

• No payments on account of principal shall be made with respect to the Class C Notes on any Distribution Date during the Series 2012-1 Controlled Amortization Period unless an amount equal to the Class A Controlled Distribution Amount for the Related Month shall have been paid to the Class A Noteholders and an amount equal to the Class B Controlled Distribution Amount for the Related Month shall have been paid to the Class B Noteholders.

More Definitions of Class B Controlled Distribution Amount

Class B Controlled Distribution Amount means a Class B-1 Controlled Distribution Amount or a Class B-2 Controlled Distribution Amount, as the context may require.

Class B Controlled Distribution Amount means, for any Payment Date, an amount equal to the sum of $2,166,650 plus any Class B Carryover Amount.

Class B Controlled Distribution Amount means (i) with respect to the Distribution Date on which the Class B Invested Amount is reduced to zero, an amount equal to $300,000 and integral multiples of $100,000 in excess thereof not to exceed in the aggregate the Class B Invested Amount as of such Distribution Date, and (ii) with respect to any other Distribution Date, an amount equal to $100,000 and integral multiples thereof (in each case prior to giving effect to any distribution in respect of principal of such Certificates to be made on such Distribution Date).

Class B Controlled Distribution Amount means, for any Payment Date, an amount equal to the sum of $2,888,900 plus any Class B Carryover Amount.

Class B Controlled Distribution Amount means, with respect to any Group IV Related Month during the Class B Controlled Amortization Period, an amount equal to the sum of the Class B Controlled Amortization Amount and any Class B Carryover Controlled Amortization Amount for such Group IV Related Month.