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.
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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.
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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.
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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.
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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.
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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).
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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.
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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.
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Related to Class B Controlled Distribution Amount

  • Principal Distribution Amount For any Distribution Date, the sum of (i) the Basic Principal Distribution Amount for such Distribution Date and (ii) the Extra Principal Distribution Amount for such Distribution Date.

  • 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.