Class B Distribution Rate definition

Class B Distribution Rate means an annual rate equal to (a) during the Class B Fixed Rate Period, 9.00% of the Class B Stated Liquidation Preference and (b) during the Class B Floating Rate Period, a percentage of the Class B Stated Liquidation Preference equal to the sum of (i) Class B Three-Month LIBOR, as calculated on each applicable Class B LIBOR Determination Date, and (ii) 7.213%.
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Class B Distribution Rate means an amount equal to the quotient of (i) (a) the Common Unit Yield, calculated as of the date of the applicable Capital Call, plus (b) 130 basis points, divided by (ii) four.
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Class B Distribution Rate means an amount per Quarter equal to 3.0% of the Class B Issue Price (or a pro rata amount thereof for any period that is less than an entire Quarter calculated based on the number of days such Class B Unit was held during such Quarter divided by the actual number of days in such Quarter), subject to adjustment pursuant to Section 4.6(c)(vii).
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Examples of Class B Distribution Rate in a sentence

  • Notwithstanding anything herein to the contrary, all measurements and references herein related to per-Unit values, prices and numbers (including Class A Sharing Percentage, Class A Unit Fair Market Value, Class A Unit Price, Class A Units, Class B Distribution Rate, Class B Issue Price, Class B Liquidation Value, Class B Sharing Percentage, Class B Units and PIK Units), shall be, in each instance, appropriately adjusted for Unit splits, combinations, distributions and the like.

  • Following the expiration of the PIK Period, if the Partnership fails to pay in full in cash a Class B Distribution on each Class B Unit then outstanding equal to the Class B Distribution Rate then in effect, then, subject to Section 4.1(e)(v)(C) in respect of Defaulting Investors, to the extent that such Class B Distribution is unpaid, the amount of such unpaid distributions will accumulate and thereafter increase each Quarter at the Class B Distribution Rate then in effect until paid in full in cash.

  • Class A Distribution Rate = 12 X $.0442 ----------- $10.56 = 5.02% Class B Distribution Rate = 12 X $.0379 ----------- $10.14 = 4.49% Class C Distribution Rate = 12 X $.0396 ----------- $10.14 = 4.69% Class R Distribution Rate = 12 X $.0459 ----------- $10.13 = 5.44% 2.

  • Upon termination of the Extended DD Period, the Class B Distribution Rate then in effect shall be reduced by 0.5% of the Class B Issue Price in addition to the reduction described above in Section 4.6(c)(vii)(A).

  • Tennessee Municipal Bond Fund The following is the distribution rate as of May 31, 1997, based on the maxi- mum public offering price for the Tennessee Municipal Bond Fund: Class A Distribution Rate = 12 X $.0488 ----------- $11.54 = 5.07% Class B Distribution Rate = 12 X $.0419 ----------- $11.06 = 4.55% Class C Distribution Rate = 12 X $.0437 ----------- $11.05 = 4.75% Class R Distribution Rate = 12 X $.0506 ----------- $11.04 = 5.50% IV.

  • Class A Distribution Rate = 4 X $.1244 ---------- $25.16 = 1.98% Class B Distribution Rate = 4 X $.0814 ---------- $23.84 = 1.37% Class C Distribution Rate = 4 X $.0814 ---------- $23.84 = 1.37% Class R Distribution Rate = 4 X $.1388 ---------- $23.84 = 2.33% 4 3.

  • South Carolina Municipal Bond Fund The following is the distribution rate as of May 31, 1997, based on the maxi- mum public offering price for the South Carolina Municipal Bond Fund: Class A Distribution Rate = 12 X $.0417 ----------- $9.95 = 5.03% 6 Class B Distribution Rate = 12 X $.0358 ----------- $9.52 = 4.51% Class C Distribution Rate = 12 X $.0373 ----------- $9.52 = 4.70% Class R Distribution Rate = 12 X $.0433 ----------- $9.54 = 5.45% 6.

  • Class A Distribution Rate = 12 X $.049 ---------- $11.59 = 5.07% Class B Distribution Rate = 12 X $.0421 ----------- $11.09 = 4.56% Class C Distribution Rate = 12 X $.0438 ----------- $11.09 = 4.74% Class R Distribution Rate = 12 X $.0508 ----------- $11.09 = 5.50% 4.

  • Class A Distribution Rate = 4 X $.1153 ---------- $25.34 = 1.82% Class B Distribution Rate = 4 X $.0733 ---------- $24.00 = 1.22% Class C Distribution Rate = 4 X $.0733 ---------- $23.98 = 1.22% Class R Distribution Rate = 4 X $.1294 ---------- $24.02 = 2.15% 2.

  • Class A Distribution Rate+ = (12 X $.0455) ------------- $24.39 =2.24% Class B Distribution Rate+ = (12 X $.0320) ------------- $23.11 =1.66% Class C Distribution Rate+ = (12 X $.0320) ------------- $23.10 =1.66% Class R Distribution Rate+ = (12 X $.0500) ------------- $23.11 =2.60% III.


More Definitions of Class B Distribution Rate

Class B Distribution Rate means an amount per Quarter per Class B Convertible Unit payable in arrears equal to $0.3257. For the avoidance of doubt, the Class B Distribution Rate shall be equal to $0.3257 for the Quarter in which the Class B Issuance Date occurs and shall not be pro-rated based on the number of days in such Quarter during which the Class B Convertible Units were Outstanding.
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Related to Class B Distribution Rate

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Series A Distribution Rate means 6.375%.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Distribution Rate means, for the Distribution Period beginning on (and including) the date of original issuance and ending on (but excluding) the Distribution Payment Date in June 2004, the rate per annum of 3.90%, and for each Distribution Period beginning on or after the Distribution Payment Date in June 2004, the Coupon Rate for such Distribution Period.

  • Class B-1 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class IO Distribution Amount As defined in Section 5.07(f) hereof. For purposes of clarity, the Class IO Distribution Amount for any Distribution Date shall equal the amount payable to the Supplemental Interest Trust on such Distribution Date in excess of the amount payable on the Class IO Interest on such Distribution Date, all as further provided in Section 5.07(f) hereof.

  • Class A Distribution Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), the amount distributable to such Class of Class A Certificates pursuant to Paragraphs first, second and third clause (A) of Section 4.01(a). As to any Distribution Date and the Class A-PO Certificates, the amount distributable to the Class A-PO Certificates pursuant to Paragraphs third clause (B) and fourth of Section 4.01(a) on such Distribution Date.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • REMIC I Distribution Amount For any Distribution Date, the REMIC I Available Distribution Amount shall be distributed to the REMIC I Regular Interests and the Class R-1 Residual Interest in the following amounts and priority:

  • Class A-P Principal Distribution Amount As defined in Section 4.02.

  • Class C Distributable Amount As defined in the Preliminary Statement.

  • Class B Principal Distribution Amount With respect to any Distribution Date the excess of (i) the sum of (a) the aggregate Certificate Principal Balance of the Class 1-A, Class 2-A, Class 3-A and Class A Certificates (after taking into account distributions of the Class 1-A, Class 2-A, Class 3-A and Class A Principal Distribution Amounts for such Distribution Date), (b) the Certificate Principal Balance of the Class M-1 Certificates (after taking into account distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (c) the Certificate Principal Balance of the Class M-2 Certificates (after taking into account distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (d) the Certificate Principal Balance of the Class M-3 Certificates (after taking into account distribution of the Class M-3 Principal Distribution Amount on such Distribution Date), (e) the Certificate Principal Balance of the Class M-4 Certificates (after taking into account distribution of the Class M-4 Principal Distribution Amount on such Distribution Date), (f) the Certificate Principal Balance of the Class M-5 Certificates (after taking into account distribution of the Class M-5 Principal Distribution Amount on such Distribution Date), (g) the Certificate Principal Balance of the Class M-6 Certificates (after taking into account distribution of the Class M-6 Principal Distribution Amount on such Distribution Date), (h) the Certificate Principal Balance of the Class M-7 Certificates (after taking into account distribution of the Class M-7 Principal Distribution Amount on such Distribution Date and (i) the Certificate Principal Balance of the Class B Certificates immediately prior to such Distribution Date over (ii) the lesser of (x) 97.50% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date minus the OC Floor; provided, however, that if the Class B Certificates are the only Class of Subordinate Certificates outstanding on such Distribution Date, the Class B Certificates will be entitled to receive the entire remaining Principal Distribution Amount for all three Loan Groups until the Certificate Principal Balance thereof is reduced to zero.

  • Class B-4 Principal Distribution Amount With respect to any Distribution Date on or after the Stepdown Date, 100% of the Principal Distribution Amount for such Distribution Date if the Class A Certificate Principal Balance, the Class M Certificate Principal Balance, the Class B-1 Certificate Principal Balance, the Class B-2 Certificate Principal Balance and the Class B-3 Certificate Principal Balance have been reduced to zero and a Stepdown Trigger Event exists, or as long as a Stepdown Trigger Event does not exist, the excess of (1) the sum of (A) the Class A Certificate Principal Balance (after taking into account distributions of the Class A Principal Distribution Amount on such Distribution Date), (B) the Class M-1 Certificate Principal Balance (after taking into account distributions of the Class M-1 Principal Distribution Amount on such Distribution Date), (C) the Class M-2 Certificate Principal Balance (after taking into account distributions of the Class M-2 Principal Distribution Amount on such Distribution Date), (D) the Class M-3 Certificate Principal Balance (after taking into account distributions of the Class M-3 Principal Distribution Amount on such Distribution Date), (E) the Class M-4 Certificate Principal Balance (after taking into account distributions of the Class M-4 Principal Distribution Amount on such Distribution Date), (F) the Class M-5 Certificate Principal Balance (after taking into account distributions of the Class M-5 Principal Distribution Amount on such Distribution Date), (G) the Class M-6 Certificate Principal Balance (after taking into account distributions of the Class M-6 Principal Distribution Amount on such Distribution Date), (H) the Class B-1 Certificate Principal Balance (after taking into account distributions of the Class B-1 Principal Distribution Amount on such Distribution Date), (I) the Class B-2 Certificate Principal Balance (after taking into account distributions of the Class B-2 Principal Distribution Amount on such Distribution Date), (J) the Class B-3 Certificate Principal Balance (after taking into account distributions of the Class B-3 Principal Distribution Amount on such Distribution Date) and (K) the Class B-4 Certificate Principal Balance immediately prior to such Distribution Date over (2) the lesser of (A) _____% of the Stated Principal Balance of the Mortgage Loans as of the end of the immediately preceding Due Period and (B) the excess of the Stated Principal Balance of the Mortgage Loans as of the end of the immediately preceding Due Period over the Minimum Required Overcollateralization Amount. Notwithstanding the foregoing, (I) on any Distribution Date prior to the Stepdown Date on which the Certificate Principal Balance of each Class of Class A, Class M, Class B-1, Class B-2 and Class B-3 Certificates has been reduced to zero, the Class B-4 Principal Distribution Amount will equal the lesser of (x) the outstanding Certificate Principal Balance of the Class B-4 Certificates and (y) 100% of the Principal Distribution Amount remaining after any distributions on such Class A, Class M, Class B-1, Class B-2 and Class B-3 Certificates and (II) in no event will the Class

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v), (a)(vi) and (a)(vii), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class B-3 Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the sum of (A) the aggregate Class Certificate Balance of the Class A Certificates (after taking into account the distribution of the Class A Principal Distribution Amount on such Distribution Date), (B) the Class Certificate Balance of the Class M-1 Certificates (after taking into account the distribution of the Class M-1 Principal Distribution Amount on such Distribution Date), (C) the Class Certificate Balance of the Class M-2 Certificates (after taking into account the distribution of the Class M-2 Principal Distribution Amount on such Distribution Date), (D) the Class Certificate Balance of the Class B-1 Certificates (after taking into account the distribution of the Class B-1 Principal Distribution Amount on such Distribution Date), (E) the Class Certificate Balance of the Class B-2 Certificates (after taking into account the distribution of the Class B-2 Principal Distribution Amount on such Distribution Date), and (F) the Class Certificate Balance of the Class B-3 Certificates immediately prior to such Distribution Date, over (ii) the lesser of (A) the product of (x) 98.80% and (y) the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date, and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over the Overcollateralization Floor.

  • Class A Non-PO Principal Distribution Amount As to any Distribution Date, the aggregate amount distributed in respect of the Class A Certificates pursuant to Paragraph third clause (A) of Section 4.01(a).

  • REMIC IV Distribution Amount shall not cause a reduction in the Class Principal Balances of any of the Classes of REMIC IV Regular Interests; and

  • Class A Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the aggregate Class Certificate Balance of the Class A Certificates immediately prior to such Distribution Date over (ii) the lesser of (A) 86.20% of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date and (B) the excess, if any, of the aggregate Stated Principal Balance of the Mortgage Loans for such Distribution Date over the Overcollateralization Floor.

  • Pool Distribution Amount As of any Distribution Date, the funds eligible for distribution to the Holders of the Certificates on such Distribution Date, which shall be the sum of (i) all previously undistributed payments or other receipts on account of principal and interest on or in respect of the Mortgage Loans (including, without limitation, the proceeds of any repurchase of a Mortgage Loan by the Seller and any Substitution Principal Amount) received by the Master Servicer with respect to the applicable Remittance Date in the month of such Distribution Date and any Unscheduled Principal Receipts received by the Master Servicer on or prior to the Business Day preceding such Distribution Date, (ii) all Periodic Advances made by a Servicer pursuant to the related Servicing Agreement or Periodic Advances made by the Master Servicer or the Trustee pursuant to Section 3.03 and (iii) all other amounts required to be placed in the Certificate Account by the Servicer on or before the applicable Remittance Date or by the Master Servicer or the Trustee on or prior to the Distribution Date, but excluding the following:

  • 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.

  • REMIC III Distribution Amount The REMIC III Available Distribution Amount for any Distribution Date shall be distributed to the Certificates and the Class R-3 Residual Interest in the following amounts and priority: