Class B Floor means, with respect to any Payment Date, an amount equal to (i) 3.00% of the Initial Contract Pool Principal Balance, plus (ii) the Unfunded Loss Amount, if any, for such Payment Date, minus (iii) the sum of the Principal Amount of the Class C Notes and the Principal Amount of the Class D Notes (prior to giving effect to any payments of principal on the Class C Notes or the Class D Notes on such Payment Date) and the amount on deposit in the Reserve Account (after giving effect to withdrawals and releases to be made on such Payment Date); provided, however, that in no event will the Class B Floor be greater than the Principal Amount of the Class B Notes immediately prior to such Payment Date or less than zero.
Class B Floor means, with respect to any Payment Date, (i) [ ]% of the Contract Pool Principal Balance as of the Initial Cutoff Date, plus (ii) the Principal Differential, if any, for such Payment Date, minus (iii) the sum of the Class C Principal Balance and the Class D Principal Balance (prior to giving effect to any payments of principal on the Class C or Class D Notes on such Payment Date) and the amount on deposit in the Cash Collateral Account (after giving effect to withdrawals to be made on such Payment Date); provided, however, that in no event will the Class B Floor be greater than the Class B Principal Balance immediately prior to such Payment Date nor less than zero.
Class B Floor means, with respect to a Payment Date,
Examples of Class B Floor in a sentence
Subject to the terms and conditions of the Dyncorp Management LLC Amended and Restated Class B Interests Plan and award agreement dated October 13, 2017, the Executive is being awarded 22,500 Class B Interests as of the Effective Date in Dyncorp Management LLC having a "Class B Floor" (as defined in the Amended and Restated Limited Liability Company Agreement of Dyncorp Management LLC) of Thirty-Three Million Dollars ($33,000,000) (the "Equity Award").
Subject to the terms and conditions of the Dyncorp Management LLC Amended and Restated Class B Interests Plan and award agreement, attached hereto as Exhibit A (the "Equity Award Agreement"), Executive will be awarded 25,000 Class B Interests as of the Effective Date in Dyncorp Management LLC having a "Class B Floor" (as defined in the Amended and Restated Limited Liability Company Agreement of Dyncorp Management LLC) of Thirty-Three Million Dollars ($33,000,000) (the "Equity Award").
More Definitions of Class B Floor
Class B Floor with respect to each Payment Date, an amount equal to the total of (a) ___% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to such Payment Date, minus (c) the sum of the Outstanding Principal Amount of the Class C Notes, the Outstanding Principal Amount of the Class D Notes, the Outstanding Principal Amount of the Class E Notes and the Overcollateralization Balance as of the immediately preceding Payment Date after giving effect to all principal payments made on that day, minus (d) the amount on deposit in the Reserve Account after giving effect to withdrawals to be made on such Payment Date.
Class B Floor means, with respect to a Distribution Date,
Class B Floor with respect to each Payment Date, an amount equal to the total of (a) 2.50% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to such Payment Date, minus (c) the sum, as of the related Determination Date, of the Outstanding Principal Amount of the Class C Notes and the amount on deposit in the Reserve Account after giving effect to any withdrawals to be made on such Payment Date.
Class B Floor means, with respect to any Payment Date, an amount equal to (i) 3.31250% of the Initial Contract Pool Principal Balance, plus (ii) the Unfunded Loss Amount, if any, for such Payment Date, minus (iii) the sum of the Principal Amount of the Class C Notes and the Principal Amount of the Class D Notes (prior to giving effect to any payments of principal on the Class C or Class D Notes on such Payment Date) and the amount on deposit in the Cash Collateral Account (after giving effect to withdrawals and releases to be made on such Payment Date); provided, however, that in no event will the Class B Floor be greater than the Principal Amount of the Class B Notes immediately prior to such Payment Date nor less than zero.
Class B Floor means, with respect to each Payment Date (the "subject Payment Date"), an amount equal to the total of (a) [___]% of the initial Discounted Present Value of the Leases as of the Cut-Off Date, plus (b) the Cumulative Loss Amount with respect to the subject Payment Date, minus (c) the sum of the Certificate Balance as of the preceding Payment Date after giving effect to all payments made on such Payment Date plus the Overcollateralization Amount as of the subject Payment Date plus the amount on deposit in the Reserve Account after giving effect to any withdrawals to be made on the related Payment Date.
Class B Floor means, with respect to any Payment Date, an amount equal to (i) 1.65% of the Initial Contract Pool Principal Balance, plus (ii) the Unfunded Loss Amount, if any, for such Payment Date, minus (iii) the amount on deposit in the Reserve Account (after giving effect to withdrawals to be made on such Payment Date); provided, however, that in no event will the Class B Floor be greater than the Principal Amount of the Class B Notes immediately prior to such Payment Date nor less than zero.
Class B Floor means, with respect to a Distribution Date, (i) [ ]% of the initial ADCB plus (ii) the Cumulative Loss Amount as of such date minus (iii) the sum of (a) the aggregate Principal Amount of the Class C Notes and Class D Notes as of the immediately preceding Distribution Date after giving effect to all principal payments made on such date and (b) the Overcollateralization Balance as of the immediately preceding Distribution Date.