Examples of Class B Noteholders’ Principal Distribution Amount in a sentence

Thereafter, on any Distribution Date, principal on the Class B Notes will be paid to the Class B Notes up to the applicable Class B Noteholders’ Principal Distribution Amount.
On any Distribution Date, the principal on the Class B Notes will be paid up to the applicable Class B Noteholders’ Principal Distribution Amount.
Principal payments will be made to the class B noteholders on each distribution date on and after the Stepdown Date, provided that a Trigger Event has not occurred and is not continuing, in an amount generally equal to the Class B Noteholders’ Principal Distribution Amount for that distribution date.
Notwithstanding the foregoing, on or after the maturity date for the class B notes, the Class B Noteholders’ Principal Distribution Amount shall not be less than the amount that is necessary to reduce the outstanding balance of the class B notes to zero.

More Definitions of Class B Noteholders’ Principal Distribution Amount

Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the excess of:

Class B Noteholders’ Principal Distribution Amount means, as of any Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect on such Distribution Date, the excess, if any, of (x) the sum of (i) the Class A Note Balance (after taking into account the Class A Noteholders’ Principal Distribution Amount due on such Distribution Date) and (ii) the Class B Note Balance immediately prior to such Distribution Date over (y) the lesser of (A) the product of (i) 89.875% and (ii) the Asset Balance for such Distribution Date and (B) the excess, if any, of the Asset Balance for such Distribution Date over the Specified Overcollateralization Amount. Prior to the Stepdown Date or any Distribution Date for which a Trigger Event is in effect, the excess, if any, of (i) the amounts in clause (a)(i) of the definition of the Class A Noteholders’ Principal Distribution Amount over (ii) the Class A Note Balance. Notwithstanding the foregoing, on or after the Class B Maturity Date, the Class B Noteholders’ Principal Distribution Amount shall not be less than the amount that is necessary to reduce the Class B Note Balance to zero.

Class B Noteholders’ Principal Distribution Amount means, for any Quarterly Distribution Date, the excess of:

Class B Noteholders’ Principal Distribution Amount means, with respect to any Distribution Date, the excess of (1) the sum of (a) the Principal Distribution Amount for such Distribution Date plus (b) the Class A Note Principal Shortfall as of the close of the preceding Distribution Date plus (c) the Class B Note Principal Shortfall as of the close of business on the preceding Distribution Date over (2) the Class A Noteholders' Principal Distribution Amount for that Distribution Date; provided, however, that the Class B Noteholders' Principal Distribution Amount shall not exceed the Outstanding Amount of the Class B Notes. In addition, on the Class B Maturity Date, the principal required to be distributed to the Class B Noteholders will include the amount required to reduce the Outstanding Amount of the Class B Notes to zero.

Class B Noteholders’ Principal Distribution Amount means, for any Distribution Date, the amount by which (a) the Principal Distribution Amount for such Distribution Date exceeds (b) the Class A Noteholders’ Principal Distribution Amount for such Distribution Date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the Outstanding Amount of the Class B Notes for such Distribution Date (before giving effect to any distributions on such Distribution Date). In addition, on the Class B Maturity Date, the principal required to be distributed to the Class B Noteholders will include the amount required to reduce the Outstanding Amount of the Class B Notes to zero.

Class B Noteholders’ Principal Distribution Amount means, as of any Quarterly Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect on such Quarterly Distribution Date, the excess, if any, of (x) the sum of (i) the Class A Note Balance (after taking into account the Class A Noteholders' Principal Distribution Amount due on such Quarterly Distribution Date but after giving effect to principal allocated but not distributed to the Auction Rate Notes) and (ii) the Class B Note Balance immediately prior to such Quarterly Distribution Date over (y) the lesser of (A) the product of (i) 89.875% and (ii) the Asset Balance for such Quarterly Distribution Date and (B) the excess, if any, of the Asset Balance for such Quarterly Distribution Date over the Specified Overcollateralization Amount. Prior to the Stepdown Date or any Quarterly Distribution Date for which a Trigger Event is in effect, the excess, if any, of (i) the amounts in clause (a)(i) of the definition of the Class A Noteholders' Principal Distribution Amount over (ii) the Class A Note Balance (after giving effect to principal allocated but not distributed to the Auction Rate Notes). Notwithstanding the foregoing, on or after the Class B Maturity Date, the Class B Noteholders' Principal Distribution Amount shall not be less than the amount that is necessary to reduce the Class B Note Balance to zero.

Class B Noteholders’ Principal Distribution Amount means, with respect to any Distribution Date, (a) the product of (i) the Principal Distribution Amount, and (ii) the Class B Percentage for that Distribution Date, plus (b) the Class B Note Principal Shortfall as of the close of business on the preceding Distribution Date; PROVIDED, HOWEVER, that the Class B Noteholders' Principal Distribution Amount shall not exceed the Outstanding Amount of the Class B Notes. In addition, on the Class B Maturity Date, the principal required to be distributed to the Class B Noteholders will include the amount required to reduce the Outstanding Amount of the Class B Notes to zero.