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.
Sample 1Sample 2
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.
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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.
Sample 1

Examples of Class B Yield in a sentence

  • If the Trust cannot deposit Class A interest and servicing fees in full in steps (2) and (3), it will also use - Class B Finance Charge Collections, - other Class B income (including Class B Additional Funds and Class B Yield Collections, if any), and - Class B Principal Collections to deposit Class A interest and servicing fees.

  • If the trust cannot deposit Class A interest and servicing fees in full in steps (2) and (3), it will also use - Class B Finance Charge Collections, - other Class B income, including Class B Additional Funds and Class B Yield Collections, if any, and - Class B Principal Collections to deposit Class A interest and servicing fees.

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  • If the trust cannot deposit Class A interest and servicing fees in full in steps (2) and (3), it will also use • Class B Finance Charge Collections, • other Class B income, including Class B Additional Funds and Class B Yield Collections, if any, and • Class B Principal Collections to deposit Class A interest and servicing fees.

  • 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 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 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 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.

  • The Depositor hereby directs the Securities Administrator to enter into and execute the Class A-1 Yield Maintenance Agreement, the Class X-0X, Xxxxx X-0X xxx Xxxxx X-0X Xxxxx Xxxxxxxxxxx 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 X-0X, Xxxxx X-0X xxx Xxxxx X-0X Xxxxx Xxxxxxxxxxx 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.


More Definitions of Class B Yield

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.
Sample 1
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.
Sample 1
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.
Sample 1

Related to Class B Yield

  • Class B-4 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Percentage for such Distribution Date will be zero.

  • Class B-3 Pass-Through Rate For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.

  • Class X-1 Strip Rate With respect to any Distribution Date, the amount, if any, by which (i) the Weighted Average Net Mortgage Rate for such Distribution Date exceeds (ii) the sum of the Class LA-1-2-A Component Class X-2 Strip Rate and the Class A-1 Pass-Through Rate for such Distribution Date.

  • Class B-3 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Percentage for such Distribution Date will be zero.

  • Class B-2 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Percentage for such Distribution Date will be zero.

  • Class A-2 Component The Component having such designation.

  • Class B-6 Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Percentage for such Distribution Date will be zero.

  • Class B Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class B Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class B-1 Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Class X Strip Rate With respect to each Component for any Distribution Date, a rate per annum equal to: (i) the WAC Rate for such Distribution Date, minus (ii) the Pass-Through Rate for the Corresponding Certificates.

  • Class B-1 Pass-Through Rate For the first Distribution Date, 6.3300% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-1 Margin, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.

  • Class A-S Component The Component having such designation.

  • Class B-2 Pass-Through Rate For the first Distribution Date, 6.850% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-2 Margin,

  • Class A-1 Interest Rate means 0.75000% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class B-3 Principal Balance As to the first Determination Date, the Original Class B-3 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-3 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-3 Certificates on prior Distribution Dates (A) pursuant to Paragraph thirteenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-3 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance, the Class B-1 Principal Balance and the Class B-2 Principal Balance as of such Determination Date.

  • Class B-3 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Class A Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class A Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class A Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and denominator of which is the Initial Invested Amount.

  • Class X-D Pass-Through Rate For any Distribution Date, the weighted average of the Class X Strip Rates for the Class X-D Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $[_______________], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class B Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class B Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of the close of business on such day; provided, however, that with respect to the first Monthly Period, the Class B Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class B-1 Principal Balance As to the first Determination Date, the Original Class B-1 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-1 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-1 Certificates on prior Distribution Dates (A) pursuant to Paragraph seventh of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-1 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the Class A Principal Balance as of such Determination Date.

  • Class X-A Pass-Through Rate For any Distribution Date, the weighted average of Class X Strip Rates for the Class X-A Components for such Distribution Date (weighted on the basis of the respective Component Notional Amounts of such Components outstanding immediately prior to such Distribution Date).

  • Class M-1 Interest Carry Forward Amount As of any Distribution Date, the sum of (1) the excess of (A) the Class M-1 Current Interest with respect to prior Distribution Dates over (B) the amount actually distributed to the Class M-1 Certificates with respect to interest on such prior Distribution Dates and (2) interest on such excess (to the extent permitted by applicable law) at the Class M-1 Pass-Through Rate for the related Accrual Period.