Class B Interest definition

Class B Interest. Each of the Class B-1 and Class B-2 Interests.

Class B Interest means an Interest that has been designated as Class B.

Class B Interest. Each regular interest in a Lower Tier REMIC with the letter "B" in its class designation.

Examples of Class B Interest in a sentence

• Any such loss allocated to the Class B Certificates will be allocated among the outstanding Classes of Class B Certificates based on their Class B Interest Percentages.

• On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class B Interest Shortfall"), of (x) the Class B Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class B Monthly Interest on such Distribution Date.

• The Issuer shall pay interest on overdue installments of interest at the Class B Interest Rate to the extent lawful.

• Payment of Class B Interest Distributable Amount from Reserve Account $0.00 8.

• The amount of a Class B Certificateholder's pro rata share of the Class B Interest can be determined by multiplying the original denomination of the Class B Certificateholder's Certificate by the Pool Factor ...........

More Definitions of Class B Interest

Class B Interest means an Interest in the Company which is classified on Exhibit B as a Class B Interest and which has the rights, powers and privileges enjoyed by a Member holding a Class B Percentage Interest (under the Act, the Certificate, this Agreement or otherwise) in its capacity as a Member, and all obligations, duties and liabilities imposed on such a Member (under the Act, the Certificate, this Agreement or otherwise) in its capacity as a Member.

Class B Interest means the Membership Interest issued pursuant to Section 3.2, which entitles the Holder thereof to receive distributions of cash and property, allocations of profits and losses and other rights that are accorded Holders of a Class B Interest under this Agreement.

Class B Interest has the meaning set forth in Section 5.7(a).

Class B Interest means the interest distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.6(b) of the Agreement.

Class B Interest means the Interests held by the Class B Member having such rights and preferences as are set forth herein.

Class B Interest means the limited liability company interest represented by the Class B Units owned by a Class B Members in the Company at any particular time, including the right of such Class B Members to any and all benefits to which such Class B Member may be entitled as provided in the Act, this Agreement, or otherwise, together with the obligations of such Class B Member to comply with all terms and provisions of this Agreement and the Act.

Class B Interest means thirty-five percent (35%) of the total Interests in the Company, which shall be issued to CARDONE CAPITAL, LLC (or its members or their Affiliates).