Class B Payments definition

Class B Payments will have the meaning given to it in Section 3(d).
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Class B Payments. On February 15, 2005, $12.812 will be paid on each Class B Unit (for a total of $20,166.66 for all 1,574 Class B Units) and thereafter $38.437 will be paid on each Class B Unit on each Distribution Date thereafter (for a total of $60,500.00 for all 1,574 Class B Units), in each case from interest received on the Underlying Securities; provided however, if there is a period of deferral commenced in accordance with the Underlying Securities, payments on the Class B Units will be deferred. During a period of deferral, Class B Payments will continue to accrue at the above specified rate on each Class B Unit and interest will accrue on any deferred Class B Payment at a rate of 6.345% per annum on the basis of a 360 day year consisting of twelve 30 day months.
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Class B Payments means, collectively, the distributions with respect to the Class B Units pursuant to Section 4.10(b)(iii).]
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Examples of Class B Payments in a sentence

  • Class B Payments: If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid.

  • Class B Payments: On May 15, 2006, $17.9225 ($39,268.23 / 2,191 Class B Units) is expected to be paid on each Class B Unit and thereafter $43.014 ($94,243.75 / 2,191 Class B Units) is expected to be paid on each Class B Unit on each distribution date thereafter, in each case from interest received on the underlying securities.

  • Cut-off Date: Closing Date Closing Date: February 28, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars Business Day: New York, New York and Chicago, Illinois Interest Rate and Class B Payments: The right of the Class A Units to accrued interest is pari passu with the right of the Class B Units to accrued Class B Payments from accrued interest on the Underlying Securities.

  • Class B Payments: $44.66 ($164,813 / 3,690 Class B Units) is expected to be paid on each Class B Unit on each distribution date thereafter, in each case from interest received on the underlying securities.

  • Cut-off Date: Closing Date Closing Date: March 1, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇: ▇▇▇▇▇▇ ▇▇▇▇▇▇ dollars Business Day: New York, New York and Chicago, Illinois Interest Rate and Class B Payments: The right of the Class A Units to accrued interest is pari passu with the right of the Class B Units to accrued Class B Payments from accrued interest on the Underlying Securities.

  • The Guarantors hereby guarantee the full and punctual payment of any Class B Payments, and the performance of all liabilities, agreements and other obligations of the Obligor to NSTARCOM pursuant to Sections 5.1 and 5.5(b) of the Operating Agreement, and upon liquidation of the Obligor shall guarantee the full and punctual payment of the Redemption Price, as such term is defined in the Operating Agreement (the “Obligations”).


More Definitions of Class B Payments

Class B Payments. If a Warrantholder exercises Warrants, then the Class B Units designated to be called in connection with such exercise shall receive the corresponding portion of the Class B Present Value Amount, adjusted for accrued Class B Payments on the Class B Units otherwise paid. If the Underlying Security Issuer redeems Underlying Securities and the previous paragraph does not apply, then the Class B Units designated for a redemption in connection with such redemption of Underlying Securities shall receive the amount with respect to the Class B Present Value Amount allocated for distribution in accordance with the applicable provisions of the Distribution Priorities below, paid as of the date of such redemption as an additional distribution.
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Class B Payments. An amount equal to the Pass-Through Rate multiplied by the notional principal amount of the Class B Certificates.
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Class B Payments. On June 1, 2004, $31.45 ($382,922/ 12,177 Units) will be paid on each Class B Unit and thereafter $39.58 ($482,000/ 12,177 Units) will be paid on each Class B Unit on each distribution date thereafter.
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Related to Class B Payments

  • Principal Payments For any Purchased Asset, all payments and prepayments of principal received for such Purchased Asset, including insurance and condemnation proceeds which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied and recoveries of principal from liquidation or foreclosure which are permitted by the terms of the Purchased Asset Documents to be applied to principal and are, in fact, so applied.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) the positive difference of (x) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto minus (y) the Class A Principal Distributable Amount and (ii) the Class B Note Balance; provided, however, on the Class B Stated Final Maturity Date, the Class B Principal Distributable Amount will equal the Class B Note Balance.

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).