Class B Fixed Allocation Percentage means, for any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, (a) the numerator of which is the Class B Invested Amount as of the close of business on the last day of the Revolving Period and (b) the denominator of which is equal to the Invested Amount as of the close of business on the last day of the Revolving Period.
Class B Fixed Allocation Percentage means, with respect to any Due Period during a Fixed Allocation Period, the excess (if any) of 100% over the Class A Fixed Allocation Percentage for such Due Period.
Class B Fixed Allocation Percentage means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class B Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of (a) the Aggregate Principal Receivables in the Trust as of the last day of the immediately preceding Collection Period (or the Closing Date, in the case of the first Collection Period applicable to Series 1998-1) plus (b) the Excess Funding Amount at the end of such day and (ii) the sum of the numerators used to calculate the corresponding Invested Percentages with respect to all Classes of all Series outstanding as of the date on which such determination is being made; provided, however, that, with respect to any Collection Period during which Supplemental Accounts are included as Accounts pursuant to Section 2.6(a) or Section 2.6(b), the denominator in clause (i) above shall be increased by the amount of Principal Receivables in such Supplemental Accounts as of the Supplemental Cut-Off Date on and after the Supplemental Closing Date applicable to such Supplemental Accounts; and, provided further, that if the Series 1998-1 Certificates are paired with a Paired Series and the Early Amortization Period (as defined in the Supplement for such Paired Series) commences, the Transferor may, by written notice to the Trustee and Servicer, designate a different numerator to be used to determine such percentage (provided that such numerator is not less than the Class B Invested Amount as of the last day of the
More Definitions of Class B Fixed Allocation Percentage
Class B Fixed Allocation Percentage means for any Business Day the percentage equivalent of a fraction, the numerator of which is the Class B Invested Amount at the end of the last day of the Revolving Period and the denominator of which is the greater of (a) the aggregate amount of Principal Receivables in the Trust and the amount on deposit in the Equalization Account at the end of the last day of the Revolving Period and (b) the sum of the numerators used to calculate allocation percentages with respect to Principal Collections for all Series.
Class B Fixed Allocation Percentage means, for any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100% or be less than zero) of a fraction, the numerator of which is the Class B Invested Amount as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the numerator used in determining the related Fixed Allocation Percentage; provided that if Series 1996-B is paired with a Paired Series and an Early Amortization Event occurs with respect to such Paired Series during the Controlled Accumulation Period, Transferor may, by written notice delivered to Trustee and Servicer, but only after satisfaction of the Rating Agency Condition with respect to the Class A Certificates (if any Class A Certificates remain outstanding) and the Class B Certificates (if any Class B Certificates remain outstanding), designate a different numerator (provided that such numerator is not less than the Class B Invested Amount (less, if the Class A Fixed Allocation Percentage is zero, the balance on deposit in the Principal Account (that is not subject to being treated as Reallocated Principal Collections or Shared Principal Collections) and on deposit in the Principal Funding Account, in each case to the extent not subtracted in reducing the Class A Fixed Allocation Percentage to zero) as of the last day of the revolving period for such Paired Series).
Class B Fixed Allocation Percentage means, for any Monthly Period following the Revolving Period, the percentage equivalent (which percentage shall never exceed 100% or be less than zero) of a fraction, the numerator of which is the Class B Invested Amount as of the close of business on the last day of the Revolving Period and the denominator of which is equal to the numerator used in determining the related Fixed Allocation Percentage; provided that if Series 1999-A is paired with a Paired Series and an Early Amortization Event occurs with respect to such Paired Series during the Controlled Accumulation Period, Transferor may, by written notice delivered to Trustee and Servicer, but only after satisfaction of the Rating Agency Condition with respect to the Class A Certificates (if any Class A Certificates remain outstanding) and the Class B Certificates (if any Class B Certificates remain outstanding), designate a different numerator (provided that such numerator is not less than the Class B Invested Amount (less, if the Class A Fixed Allocation Percentage is zero, the balance on deposit in the Principal Account (that is not subject to being treated as Reallocated Principal Collections or Shared Principal Collections) and on deposit in the Principal Funding Account, in each case to the extent not subtracted in reducing the Class A Fixed Allocation Percentage to zero) as of the last day of the revolving period for such Paired Series).
Class B Fixed Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the Revolving Period, and the denominator of which is the greater of (a) the sum of the total amount of Principal Receivables in the Trust and the amount on deposit in the Excess Funding Account as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and (b) the sum of the numerators used to calculate the principal allocation percentages for all Classes outstanding as of the date as to which such determination is being made; provided that if one or more Reset Dates occur in a Monthly Period, the Class B Fixed Allocation Percentage for the portion of the Monthly Period falling after each such Reset Date (the "subject Reset Date") and prior to or on any subsequent Reset Date will be reset using a denominator equal to the greater of the amounts specified in clauses (a) and (b) above determined as of the close of business on the subject Reset Date.
Class B Fixed Allocation Percentage means, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class B Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of (a) the Aggregate Principal Receivables in the Trust as of the last day of the immediately preceding Collection Period (or the Closing Date, in the case of the first Collection Period applicable to Series 1997-2) plus (b) the Excess Funding Amount at the end of such day and (ii) the sum of the numerators used to calculate the corresponding Invested Percentages with respect to all Classes of all Series outstanding as of the date on which such determination is being made; provided, however, that, with respect to any Collection Period during which Supplemental Accounts are included as Accounts pursuant to Section 2.6(a) or Section 2.6(b), the denominator in clause (i) above shall be increased by the amount of Principal Receivables in such Supplemental Accounts as of the Supplemental Cut Off Date on and after the Supplemental Closing Date applicable to such Supplemental Accounts.
Class B Fixed Allocation Percentage means for any Business Day the percentage equivalent of a fraction, the numerator of which is the Class B Invested Amount at the end of the last day of the Revolving Period and the denominator of which is the greater of (a) the aggregate amount of Principal Receivables in the Trust and the amount on deposit in the Equalization Account at the end of the last day of the Revolving Period and (b) the sum of the numerators used to calculate allocation percentages with respect to Principal Collections for all Series. "CLASS B FLOATING ALLOCATION PERCENTAGE" shall mean, with respect to any Business Day, the percentage equivalent of a fraction, the numerator of which is the Class B Adjusted Invested Amount as of the end of the preceding Business Day and the denominator of which is the greater of (a) the sum of the amount of Principal Receivables in the Trust and the amounts on deposit in the Equalization Account as of the end of the preceding Business Day and (b) with respect to Principal Collections only, the sum of the numerators with respect to all Classes of all Series then outstanding on such Business Day used with respect to Principal Collections to calculate the applicable allocation percentage.
Class B Fixed Allocation Percentage means, with respect to any ----------------------------------- Due Period, the percentage equivalent of a fraction, the numerator of which is equal to the Class B Invested Amount as of the last day of the Revolving Period and the denominator of which is equal to the greater of (i) the sum of