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 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, 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.

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.

• Class B Principal Payment means each payment to the Class B Noteholders under clause 6.14 (a)(iii), 6.15(a)(C) and 6.16(a)(C).

• 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.

• Principal payments from amounts on deposit in the Principal Distribution Account on each Payment Date will be allocated among the various classes of Notes in the following order of priority: (1) to the Class A Notes, the Class A Principal Payment Amount; (2) to the Class B Notes, the Class B Principal Payment Amount; (3) to the Class C Notes, the Class C Principal Payment Amount; and (4) to the Class D Notes, the Class D Principal Payment Amount.

• On and after the Class B Principal Payment Commencement Date, on each Distribution Date 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 Administrative Agent from the Distribution Account such amounts deposited with respect to Class B Principal into the Distribution Account on the related Transfer Date.

More Definitions of Class B Principal Payment

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 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.

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 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. 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.