Class B Principal Balance Test definition
Class B Principal Balance Test means, to be considered "satisfied" for any Payment Date, that the fraction, expressed as a percentage, the numerator of which is the Class B Principal Balance as of such Payment Date and the denominator of which is the Pool Scheduled Principal Balance as of the immediately preceding Payment Date, is equal to or greater than 24%.
Class B Principal Balance Test means, to be considered "satisfied" for any Payment Date, that the fraction, expressed as a percentage, the numerator of which is the Class B Principal Balance as of such Payment Date and the denominator of which is the Pool Scheduled Principal Balance as of the immediately preceding Payment Date, is equal to or greater than 24%. "Class B Principal Distribution Test" means, as to any Payment Date, each of the Average Sixty-Day Delinquency Ratio Test, the Average Thirty-Day Delinquency Ratio Test, the Cumulative Realized Losses Test, the Class B Principal Balance Test and the Current Realized Losses Test.
Class B Principal Balance Test means, to be considered "satisfied" for any Payment Date, that the fraction, expressed as a percentage, the numerator of which is the sum of (i) the Class B Principal Balance for such Payment Date plus (ii) the Over-Collateralization Adjustment Amount for such Payment Date, and the denominator of which is the Pool Scheduled Principal Balance for the immediately preceding Payment Date, is equal to or greater than 15.3%.
More Definitions of Class B Principal Balance Test
Class B Principal Balance Test means, to be considered "satisfied" for any Payment Date, that the fraction, expressed as a percentage, the numerator of which is the sum of the Class B
Class B Principal Balance Test means, to be considered "satisfied" for any Payment Date, that the fraction, expressed as a percentage, the numerator of which is the sum of the Class B Principal Balance as of such Payment Date and the sum of all Extra Principal Distribution Amounts distributed to Certificateholders on all prior Payment Dates, and the denominator of which is the Pool Scheduled Principal Balance as of the immediately preceding Payment Date, is equal to or greater than 5.5%.
Class B Principal Balance Test means, to be considered "satisfied" for any Remittance Date, that (i) the fraction, expressed as a percentage, the numerator of which is the Class B Principal Balance as of such date and the denominator of which is the Pool Scheduled Principal Balance as of the immediately preceding Remittance Date, is equal to or greater than 14.25% and (ii) the Class B Principal Balance as of such Remittance Date is greater than or equal to $6,955,081.