Class B Investor Default Amount definition

Class B Investor Default Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Investor Default Amount for such Distribution Date and (ii) the Class B Floating Percentage for such Monthly Period.

Class B Investor Default Amount means, with respect to each Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the Class B Floating Allocation applicable for the related Monthly Period.

Class B Investor Default Amount means, with respect

Examples of Class B Investor Default Amount in a sentence

• In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off").

• In the event that such reduction would cause the Collateral Interest to be a negative number, the Collateral Interest shall be reduced to zero and the Class B Investor Interest shall be reduced by the amount by which the Collateral Interest would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge-Off").

• In the event that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the Excess Collateral Amount to be a negative number, the Excess Collateral Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the Excess Collateral Amount would have been reduced below zero, but not more than the Class B Investor Default Amount for such Distribution Date (a "Class B Investor Charge-Off").

• In the event that such reduction would cause the Collateral Interest to be a negative number, the Collateral Interest will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge-Off").

• In the event that, but for the limitation on the amount of such reduction in the preceding sentence, such reduction would cause the CIA Invested Amount to be a negative number, the CIA Invested Amount shall be reduced to zero and the Class B Invested Amount shall be reduced by the amount by which the CIA Invested Amount would have been reduced below zero, but not more than the Class B Investor Default Amount for such Distribution Date (a "Class B Investor Charge-Off").

More Definitions of Class B Investor Default Amount

Class B Investor Default Amount means, with respect to each Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the Class B Floating Allocation applicable for the related Monthly Period;

Class B Investor Default Amount means, as to each Transfer Date, an amount equal to the sum for all days during the related Monthly Period of the product of (a) the Investor Default Amount for such day and (b) the Class B Floating Allocation Percentage applicable on such day.

Class B Investor Default Amount means, with respect to each ------------------------------- Distribution Date and each Receiv- able in an Account which became a Defaulted Account during the related Monthly Period, an amount equal to the product of the aggregate Default Amount for the related Monthly Period and the Class B Investor Percentage applicable for the related Monthly Period.

Class B Investor Default Amount means, with respect to each ------------------------------- Distribution Date, an amount equal to the product of (i) the Default Amount for the related Monthly Period and (ii) the Class B Investor Percentage applicable for such Monthly Period. "Class B Investor Percentage" shall be calculated by substituting the --------------------------- Class B Adjusted Investor Amount and the Class B Initial Investor Amount in all references to the Adjusted Investor Amount and the Initial Investor Amount respectively, in the definition of Investor Percentage.

Class B Investor Default Amount means, (i) with respect to the ------------------------------- period from and including the Closing Date through and including April 30, 1998, an amount equal to the Class B Investor Default Amount (calculated pursuant to clause (ii) of this definition) for the full April 1998 Monthly Period, multiplied by [___/30], and (ii) with respect to each Monthly Period thereafter, an amount equal to the product of (a) the Investor Default Amount for such Monthly Period and (b) the Class B Floating Allocation for such Monthly Period.

Class B Investor Default Amount means, with respect to each ------------------------------- Distribution Date and each Receivable in an Account which became a Defaulted Account during the related Monthly Period, an amount equal to the product of the aggregate Default Amount for the related Monthly Period and the Class B Investor Percentage applicable for the related Monthly Period; provided, however, that -------- ------- with respect to the initial Monthly Period, the Class B Investor Default Amount shall be equal to the product of (i) the aggregate Default Amount for the period from and including the first day of the calendar month in which the Closing Date occurs to and including the last day of that calendar month, (ii) the Class B Investor Percentage that would have applied had Series 2001-3 been outstanding on each day during that calendar month and (iii) the actual number of days Series 2001-3 was outstanding in the Monthly Period divided by 30.

Class B Investor Default Amount means, with respect to each Transfer Date, an amount equal to the product of (a) the Aggregate Investor Default Amount for the related Monthly Period and (b) the Class B Floating Allocation applicable for such Transfer Date.