Class B Principal Payment definition

Class B Principal Payment. (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor.

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Class B Principal Payment means (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor.

Class B Principal Payment. As to any Payment Date, the amount necessary to reduce the Class B Principal Balance to the Class B Target Investor Principal Amount for such Payment Date.

Examples of Class B Principal Payment in a sentence

On the Class B Principal Payment Commencement Date, after the payment of any principal amounts to the Class A Certificates on such day, and on each Distribution Date thereafter until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class B Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
On the Class B Principal Payment Commencement Date, after the payment of any principal amounts with respect to the Class A Certificates on such day, and on each Distribution Date thereafter until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 to the Class B Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
On the Class B Principal Payment Commencement Date, after the payment of any principal amounts to the Class A Certificateholders on such day, and on each Distribution Date thereafter until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1(b) to the Class B Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
On the Class B Principal Payment Commencement Date, after the payment of any principal amounts to the Class A Certificates on such day, and on each Distribution Date thereafter until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class B Certificateholders from the Distribution Account such amount deposited into the Distribution Account on the related Transfer Date.
Each installment of principal payable on the Class B Notes shall be in an amount equal to the Class B Principal Payment Amount; provided, that the payment of the Class B Principal Payment Amount shall be subordinate to the payments of principal of and interest on the Class A Notes and to certain other payments in accordance with Section 12.02(d) hereof.

More Definitions of Class B Principal Payment

Class B Principal Payment means each payment to the Class B Noteholders under clauses 5.5(e) or 5.6(c).

Class B Principal Payment. Amount" on the Final Scheduled Payment Date and following the occurrence and continuance of a Payout Trigger will equal the Class B Note Balance prior to the distribution on such Payment Date.

Class B Principal Payment means the principal amount payable to the Class B Noteholders on each Payment Date.

Class B Principal Payment with respect to any Payment Date, (a) while the Class A-1 Notes are outstanding, zero and (b) after the Outstanding Principal Amount on the Class A-1 Notes has been reduced to zero, the amount necessary to reduce the Outstanding Principal Amount of the Class B Notes to the greater of the Class B Target Investor Principal Amount and the Class B Floor for such Payment Date. Class B Stated Maturity Date: __________, 20__.

Class B Principal Payment. With respect to any Payment Date, the excess of (x) the sum of (A) the Class A Principal Balance (after giving effect to payments on the Class A Notes on such Payment Date), plus (B) the Class B Principal Balance immediately preceding such Payment Date over (y) the lesser of (A) the Class B Target Investor Principal Amount and (B) the excess of (1) the Aggregate Contract Principal Balance as of the related Calculation Date over (2) the Class D Floor.

Class B Principal Payment means each payment to the Class B Noteholders under clause 5.13 following a payment under clause 5.4(c)(x). -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 6 Supplementary Terms Notice ▇▇▇▇▇ ▇▇▇▇▇ & ▇▇▇▇▇▇▇ -------------------------------------------------------------------------------- Class B Stated Amount means, on a Quarterly Determination Date and in relation to a Class B Note, an amount equal to:

Class B Principal Payment means each payment to the Class B Noteholders under clause 6.20(b)(vi).