Class B Yield definition

Class B Yield means, with respect to each Class B Preferred Unit, the amount accruing on such Class B Preferred Unit on a daily basis, at the rate of 8% per annum, compounded on the last day of each calendar quarter, on (a) the Class B Unreturned Capital of such Class B Preferred Unit plus (b) as the case may be, the Class B Unpaid Yield thereon for all prior quarterly periods. In calculating the amount of any Distribution to be made during a period, the portion of the Class B Yield with respect to such Class B Preferred Unit for the portion of the quarterly period elapsing before such Distribution is made shall be taken into account in determining the amount of such Distribution.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Class B Yield means, with respect to each Class B Unit, the amount accruing on such Class B Unit on a daily basis, at the rate of 8.0% per annum, compounded on the last day of each calendar quarter, on the sum of (i) the Class B Unreturned Capital of such Class B Unit (if any), plus (ii) the Class B Unpaid Yield as of the last day of the immediately prior quarterly period (if any). In calculating the amount of any Distribution to be made with respect to a Class B Unit during a period, the portion of the Class B Yield with respect to such Class B Unit for the portion of the quarterly period elapsing before such Distribution is made shall be taken into account in determining the amount of such Distribution.

Class B Yield means, with respect to each Class B Unit, the amount accruing on such Class B Unit on a daily basis, at the rate of twenty-two and one half percent (22.5%) per annum, compounded quarterly based on the date of issuance of such Class B Unit, on the sum of (a) the Unreturned Capital of such Class B Unit plus (b) the Unpaid Class B Yield thereon for all prior periods. In calculating the amount of any Distribution to be made during a partial period, the portion of each Class B Unit’s Class B Yield for such partial period shall be prorated based upon the number of elapsed days prior to such Distribution in such partial period.

Examples of Class B Yield in a sentence

• The Class A Yield Maintenance Agreement, Class M-1 Yield Maintenance Agreement, Class M-2 Yield Maintenance Agreement and Class B Yield Maintenance Agreement.

• The Depositor hereby directs the Securities Administrator to enter into and execute the Class A-1 Yield Maintenance Agreement, the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇ ▇▇▇ ▇▇▇▇▇ ▇-▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement and the Class M and Class B Yield Maintenance Agreement on the Closing Date on behalf of the Trust for the benefit of the Holders of (i) the Class A-1 Certificates, (ii) the Class A-2A, Class A-2B and Class A-2C Certificates and (iii) the Class M and Class B Certificates, respectively.

• The Depositor hereby directs the Trustee to enter into and execute the Class A-1 Yield Maintenance Agreement, the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇ ▇▇▇ ▇▇▇▇▇ ▇-▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Agreement and the Class M and Class B Yield Maintenance Agreement on the Closing Date on behalf of the Trust for the benefit of the Holders of (i) the Class A-1 Certificates, (ii) the Class A-2A, Class A-2B and Class A-2C Certificates and (iii) the Class M and Class B Certificates, respectively.

• The Trustee shall deposit in the Class M and Class B Reserve Account on the date received by it, any Class M and Class B Yield Maintenance Agreement Payment received from the Yield Maintenance Agreement Provider for the related Distribution Date.

• The Class A-1 Yield Maintenance Agreement, Class A-2 Yield Maintenance Agreement, the Class M-1 Yield Maintenance Agreement, the Class M-2 Yield Maintenance Agreement and the Class B Yield Maintenance Agreement.

• The Class 2-A Yield Maintenance Agreement, the Class M-1 Yield Maintenance Agreement, the Class M-2 Yield Maintenance Agreement and the Class B Yield Maintenance Agreement.

More Definitions of Class B Yield

Class B Yield means, with respect to each Class B Preferred Unit, the amount accruing on such Class B Preferred Unit on a daily basis from the date of issuance, at the rate of 12.5% per annum from July 5, 2000 until November 15, 2002 and thereafter at the rate of 14% per annum, compounded on the last day of each calendar quarter, on (a) the Class B Unreturned Capital of such Class B Preferred Unit plus (b) as the case may be, the Class B Unpaid Yield thereon for all prior quarterly periods. In calculating the amount of any Distribution to be made during a period, the portion of the Class B Yield with respect to such Class B Preferred Unit for the portion of the quarterly period elapsing before such Distribution is made shall be taken into account in determining the amount of such Distribution. The yield on each Class B Preferred Unit issued on March 6,2003 shall be deemed to begin accruing on July 5, 2000 despite its later issuance.

Class B Yield. “ means, with respect to each Class B Share, the amount accruing on such Class B Share on a annual basis at fixed non- compounding rate of 3.75% of Unreturned Capital of such Class B Share per annum, such rate starting to accrue on the date such Class B Share is issued to the Class B Shareholder thereof and continually accruing until the Unreturned Capital of such Class B Share is repaid in full.

Class B Yield means, with respect to each Class B Unit, for any period, the amount accruing on such Class B Unit on a daily basis (from the original date of issuance of such Unit), at the rate of 6.0% per annum, compounded on the last day of each calendar quarter, on (a) the Unreturned Original Cost of such Class B Unit, plus (b) the Unpaid Class B Yield thereon for all prior periods. In calculating the amount of any Distribution to be made during a period, a Class B Unit’s Class B Yield for such portion of such period elapsing before such Distribution is made shall be included as part of such Class B Unit’s Class B Yield; provided, however, that no Class B Yield shall accrue on any Class B Unit from and after the fifth (5th) anniversary of the date of issuance of such Class B Unit.