Examples of Class B Required Subordinated Amount of Class C Notes in a sentence
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.
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 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.
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.
The Class B Required Subordinated Amount of Class C Notes is [ ]% of the initial Outstanding Dollar Principal Amount of the [Class B(202[ ]-[ ]) Notes], a material amount of overcollateralization for the [Class B(202[ ]-[ ]) Notes].
The Omnibus Addendum reduces the required enhancement level for each outstanding tranche of Class B Notes in the following ways: For the Class B Notes, the definition Class B Required Subordinated Amount of Class C Notes has been changed such that the amount of such required subordinated amount that is determined by the related tranche of Class B Note's pro rata share of the Class A Required Subordinated Amount of Class C Notes is now multiplied by 115.38461%.
The percentage specified to determine the Class B Required Subordinated Amount of Class C Notes in each Class B Terms Document is hereby reduced from 7.23861% to 6.10080%.
Accordingly, losses on the Receivables that are attributable to Credit Risk and that are not absorbed by Excess Spread will first be absorbed by the Class C Notes to the extent of the Class B Required Subordinated Amount of Class C Notes.