Class B Distributable Amount definition
Class B Distributable Amount means, with respect to any Distribution Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
Class B Distributable Amount means, with respect to any Payment Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
Class B Distributable Amount means, for any Distribution Date, an amount equal to the sum of the Class B Principal Distributable Amount with respect to such Distribution Date and the Class B Interest Distributable Amount with respect to such Distribution Date.
Examples of Class B Distributable Amount in a sentence
On each Determination Date, the Servicer shall also calculate the Available Interest, the Available Principal, the Class A Distributable Amount, the Class B Distributable Amount, the amount to be distributed to Certificateholders of each Class and all other distributions to be made on the related Distribution Date.
On or before each Certificate Distribution Amount Determination Date, the Calculation and Paying Agent shall calculate the Available Interest, the Available Principal, the Class A Distributable Amount and the Class B Distributable Amount, each with respect to the related Distribution Date and, based on the Total Available Amount for such Distribution Date and the other distributions to be made on such Distribution Date, determine the amount distributable to Certificateholders of each class.
More Definitions of Class B Distributable Amount
Class B Distributable Amount means, for any Distribution Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
Class B Distributable Amount means, with respect to any Monthly Allocation Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
Class B Distributable Amount means, on any Distribution Date, the sum of the Class B Interest Distributable Amount and the Class B Principal Distributable Amount. "Class B Interest Distributable Amount" means, (i) for any Distribution Date (other than the Initial Distribution Date), one-twelfth of the product of (x) the Class B Rate and (y) the Class B Certificate Balance as of the close of business on the preceding Distribution Date (after giving effect to any distribution of principal on the Class B Certificates made on such preceding Distribution Date) and (ii) for the Initial Distribution Date, the sum of (1) the product of (x) the Class B Rate, (y) the initial Class B Certificate Balance and (z) a fraction (A) the numerator of which equals the sum of 30 plus, if the Closing Date occurs prior to the 20th day in any calendar month, the number of days from the Closing Date to but not including such 20th day, or minus, if the closing Date occurs after the 20th day in any calendar month, the number of days from such 20th day to but not including the Closing Date, and (B) the denominator of which equals 360, plus (2) an amount equal to that portion of the purchase price of the Class B Certificates under the Master Certificate Purchase Agreement equal to the interest payable under the Warehouse Facility.
Class B Distributable Amount means, on any Distribution Date, the sum of the Class B Interest Distributable Amount and the Class B Principal Distributable Amount. "Class B Interest Distributable Amount" means, (i) for any Distribution Date (other than the Initial Distribution Date), one-twelfth of the product of (x) the Class B Rate and (y) the Class B Certificate Balance as of the close of business on the preceding Distribution Date (after giving effect to any distribution of principal on the Class B Certificates made on such preceding Distribution Date) and (ii) for the Initial Distribution Date, the sum of (1) the product of (x) the Class B Rate, (y) the initial Class B Certificate Balance and (z) a fraction the numerator of which is the number of days from and including the Closing Date to and including the end of the calendar month in which the Closing Date occurs, and the denominator of which is 360, plus (2) an amount equal to that portion of the purchase price of the Class B Certificates under the Master Certificate Purchase Agreement equal to the interest payable under the Warehouse Facility.
Class B Distributable Amount means, with respect to any Monthly Allocation Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount. "CLASS B INTEREST CARRYOVER SHORTFALL" means, with respect to any Monthly Allocation Date, the excess, if any, of (i) the Class B Interest Distributable Amount for such Monthly Allocation Date plus any outstanding Class B Interest Carryover Shortfall from the immediately preceding Monthly Allocation Date plus interest on such outstanding Class B Interest Carryover Shortfall, to the extent permitted by law, at the Class B Certificate Rate from such immediately preceding Monthly Allocation Date to but not including the current Monthly Allocation Date over (ii) the amount of interest distributed to Class B Certificateholders on such current Monthly Allocation Date pursuant to Section 3.02 (b)(ix) of the Securitization Trust Agreement. "CLASS B INTEREST DISTRIBUTABLE AMOUNT" means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class B Certificate Rate (or in the case of the first Monthly Allocation Date, of the Class B Certificate Rate) and (ii) the Class B Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class B Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class B Certificate Balance. "CLASS B INTEREST RESERVE AMOUNT" means with respect to any Monthly Allocation Date, the lesser of (i) $- less all amounts previously withdrawn from the Reserve Fund and applied to make allocations or distributions in respect of interest accrued on the Class B Certificates or Certificate Principal Loss Amounts allocated thereto or (ii) -% of the Class B Certificate Balance as of the date prior to such Monthly Allocation Date; provided that the Class B Interest Reserve Amount will be zero on and after any date on which any Rating Agency reduces its rating of the Class A Certificates to less than "A" or its equivalent or withdraws its rating of any Class of Class A Certificates (unless such rating is restored). "CLASS B LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the product of (a) the Class B Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount with respect to the related Collection Period. "CLASS B PRINCIPAL DISTRIBUTABLE AM...