Class B Monthly Principal definition

Class B Monthly Principal means the monthly principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.07(b).

Class B Monthly Principal shall have the meaning specified in Section 4.03(b).

Class B Monthly Principal means, with respect to any Distribution Date, the Class B Percentage of Available Principal for such Distribution Date plus the Class B Percentage of Realized Losses with respect to the related Collection Period.

Examples of Class B Monthly Principal in a sentence

• Class B Monthly Principal deposited to the Collection Account for distribution to Class B Certificateholders $0.00 3.

• During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or CIA Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• During the Accumulation Period, the portion of Available Investor Principal Collections not applied to Class A Monthly Principal, Class B Monthly Principal or Excess Collateral Monthly Principal on a Transfer Date will generally be treated as Excess Principal Collections.

• During the Rapid Amortization Period, in addition to Class B Monthly Interest, Class B Monthly Principal will be distributed to the Class B Certificateholders on each Distribution Date commencing in the month on which the Class A Investor Interest is paid in full.

• During the Rapid Amortization Period, in addition to Class B Monthly Interest, Class B Monthly Principal will be distributed to the Class B Certificateholders on each Distribution Date commencing in the month following the commencement of the Rapid Amortization Period (and after payment in full of the Class A Investor Interest) until the Class B Certificates have been paid in full.

More Definitions of Class B Monthly Principal

Class B Monthly Principal means the monthly

Class B Monthly Principal is defined in subsection 4.9(b).

Class B Monthly Principal means that portion of Monthly Principal to be paid to Class B Noteholders on each Payment Date in accordance with Section 9.04.

Class B Monthly Principal is defined in subsection 5.3(c).

Class B Monthly Principal means (A) on any Payment Date other than the Class B Stated Maturity Date, the product of (x) the Class B Percentage and (y) Monthly Principal, and (B) on the Class B Stated Maturity Date, the entire amount of the then outstanding Class B Note Balance.

Class B Monthly Principal shall have the meaning specified in SECTION 4.03(b).

Class B Monthly Principal means, with respect to each Transfer Date ------------------------- relating to the Controlled Accumulation Period immediately following the Class A Scheduled Payment Date, or with respect to any Transfer Date relating to the Rapid Amortization Period, beginning with the Transfer Date on which the Class A Investor Interest has been paid in full (after taking into account payments to be made on the related Distribution Date), an amount equal to the lesser of (i) Available Investor Principal Collections on deposit in the Principal Account (minus the portion of such Available Investor Principal Collections applied to Class A Monthly Principal on such Transfer Date) and (ii) the Class B Investor Interest for such Transfer Date.