Class B Required definition

Class B Required. Amount applied in the priority set forth in subsections 4.05(b)(i)...

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Class B Required. Amount applied in the priority set forth in subsections 4.05(b)(i)........................$_________ D) Pursuant to subsection 4.07(d): Interest accrued on aggregate outstanding principal balance of the Class B Certificates not otherwise distributed to Class B Certificateholders pursuant to Section 4.07(c)..................................$_________ E) Pursuant to subsection 4.07(d): Amount (up to the Class B Investor Default) to be applied as Available Principal Collections...............$_________ F) Pursuant to subsection 4.07(e): The amount by which the "Class B Invested Amount" has been reduced pursuant to clauses (c), (d) and (e) of the definition thereof allocated to Available Principal Collections......................................$_________ G) Pursuant to subsection 4.07(f):

Class B Required. Amount applied in the priority set forth in subsections 4.05(b)(i)..............$_______ D) Pursuant to subsection 4.07(d): Interest accrued on aggregate outstanding principal balance of the Class B Certificates not otherwise distributed to Class B Certificateholders pursuant to Section 4.07(c) .............................$_______ E) Pursuant to subsection 4.07(d): Amount (up to the Class B Investor Default) to be applied as Available Principal Collections...$_______

Examples of Class B Required in a sentence

In the event that the difference between (x) the Class B Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(d) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferors and the Trustee of such excess Class B Required Amount on the date of computation.
In the event that the difference between (x) the Class B Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(d) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Transferor and the Trustee of such excess Class B Required Amount on the date of computation.
In the event that the difference between (x) the Class B Required Amount for such Distribution Date and (y) the amount of Excess Spread and Excess Finance Charge Collections applied with respect thereto pursuant to subsection 4.07(c) on such Distribution Date is greater than zero, the Servicer shall give written notice to the Trustee of such excess Class B Required Amount on the date of computation.
On the issuance date of a tranche of Class B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for such tranche of Class B Notes must be at least equal to the Class B Required Subordinated Amount of Class C Notes for such tranche of Class B Notes.
On the issuance date of a Tranche of Class B Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for such Tranche of Class B Notes must be at least equal to the Class B Required Subordinated Amount of Class C Notes for such Tranche of Class B Notes.
On the issuance date of a tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes for all tranches of Class B Notes must be at least equal to the aggregate Class B Required Subordinated Amount of Class C Notes for all tranches of Class B Notes which are Outstanding on that date.
In the event that the sum of the Class A Required Amount and the Class B Required Amount for such Distribution Date is greater than zero, the Servicer shall give written notice to the Trustee of such positive Class A Required Amount or Class B Required Amount on the related Determination Date.
On the issuance date of Class B Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class C Notes of that series must be at least equal to the Class B Required Subordinated Amount of Class C Notes for that series.
In the event that after the application of Excess Finance Charge Collections there is a Class B Required Amount for such Transfer Date, the Collections of Principal Receivables allocable to the Excess Collateral (after application to the Class A Required Amount) shall be applied as specified in Section 4.14 of the Agreement; provided, however, that the sum of any payments pursuant to this paragraph shall -------- ------- not exceed the sum of the Class A Required Amount and the Class B Required Amount.
In the event that the Class B Required Amount for such Distribution Date is greater than zero, the amount of Excess Spread and Excess Finance Charge Collections available to fund such amount with respect to the related Monthly Period in an amount equal to the Class B Required Amount for such Distribution Date shall be distributed from the Collection Account on such Distribution Date pursuant to SECTION 4.07(c).

More Definitions of Class B Required

Class B Required. Amount applied first in the priority set forth in subsections 4.5(b)(i) and (ii) and any remaining amount up to the Class B Default Amount allocated to Available Principal Collections . . . . . . . . . . . . . . . . . . . . $_______ D) Pursuant to subsection 4.7(d) The amount equal to the difference between (x) the product of (i)(A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the Class B Interest Rate and (ii) the outstanding principal balance of the Class B Invested Securities as of the close of business on the last day of the preceding Monthly Period and (y) the amount distributed to the Paying Agent for payment to the Class B Securityholders pursuant to subsection 4.5(b)(i) . . . . . . . . . . . . . . . . $_______ E) Pursuant to subsection 4.7(e): The amount by which the "Class B Invested Amount" has been reduced pursuant to clauses (c), (d) and (e) of the definition thereof allocated to Available Principal Collections . . . . . . . . . . $_______ F) Pursuant to subsection 4.7(f):

Class B Required. Amount applied first in the priority set forth in subsections 4.5(b)(i) and (ii) and any remaining amount up to the Class B Investor Default Amount allocated to Available Principal Collections . . . . . . . . . . . $_______ D) Pursuant to subsection 4.7(d): The amount by which the "Class B Invested Amount" has been reduced pursuant to clauses (c), (d) and (e) of the definition thereof allocated to Available Principal Collections . . . . . . . . . . . $_______ E) Pursuant to subsection 4.7(e):