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.

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. 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.

Examples of Class B Principal Payment in a sentence

• The Class B Principal Payment Amount for any Payment Date is equal to the amount necessary to reduce the outstanding principal amount of the Class B Notes to the Class B Targeted Note Balance respectively.

• The Class B Principal Payment Amount for any Payment Date is equal to the amount necessary to reduce the aggregate Principal Outstanding of the Class B Notes to the Class B Targeted Note Balance.

• Rules of repayment of the Class B NotesThe repayment of the Class B Notes will be carried out on a pro rata basis among the Notes of such Class, by means of the reduction of their nominal value until redeemed in full, and will take place on each Payment Date, in the amount necessary to reduce on such Payment Date the Outstanding Nominal Balance of the Class B Notes to an amount equal to the Class B Targeted Note Balance (the "Class B Principal Payment Amount").

• After the end of the Revolving Period, Class B Principal Payment Amount17.

• The Class B Principal Payment Amount for any Pay- ment Date is equal to the amount necessary to reduce the outstanding principal amount of the Class B Notes to the Targeted Class B Note Balance.

More Definitions of Class B Principal Payment

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.

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 Xxxxx Xxxxx & Xxxxxxx -------------------------------------------------------------------------------- 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 clauses 5.5(e) or 5.6(c).

Class B Principal Payment. With respect to any Payment Date, [the Class B Percentage of the positive difference between the Aggregate Contract Principal Balance as of the Calculation Date in the second preceding month and the Aggregate Contract Principal Balance as of the Calculation Date for the current 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 means each payment to the Class B Noteholders under clause 6.20(b)(vi).

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