Class C Usage of Class D Notes definition

Class C Usage of Class D Notes means, with respect to any Tranche of Class C Notes for any Distribution Date, an amount not to exceed the Required Subordinated Amount of Class D Notes for such Tranche of Class C Notes, determined in accordance with Section 3.02.
Class C Usage of Class D Notes. For each Tranche of Class C Notes, the Class C Usage of Class D Notes shall decrease, and the Class C Available Subordinated Amount of Class D Notes shall increase, by an amount equal to:

Examples of Class C Usage of Class D Notes in a sentence

  • All of these activities are reported by the Madrona News, our community newsletter (continuously sponsored by the MCC).Our goal is to represent, communicate and support the vibrant Madrona community, providing opportunities for our neighbors to come together in an effort to make Madrona, and Seattle, a great place to live.

  • The following Usage amounts (and any related Available Subordinated Amounts) shall be adjusted in accordance with step (21) of the Subordination Waterfall after giving effect to this step (41): ● Class A Usage of Class D Notes ● Class B Usage of Class D Notes ● Class C Usage of Class D Notes (42) Series Servicing Fee Shortfall from Class C Principal.

  • For each Tranche of Class C Notes, the Class C Usage of Class D Notes shall increase, and the Class C Available Subordinated Amount of Class D Notes shall decrease (each determined after giving effect to step (12) of this Subordination Waterfall), by an amount equal to the aggregate amount of Unreimbursed Series Charge-offs reallocated from such Tranche to each Tranche of Class D Notes pursuant to step of the Cash Flows.

  • The following Usage amounts (and any related Available Subordinated Amounts) shall be adjusted in accordance with step (20) of the Subordination Waterfall after giving effect to this step (40): ● Class A Usage of Class D Notes ● Class B Usage of Class D Notes ● Class C Usage of Class D Notes (41)the least ofSeriesServicing Fee Shortfall from Class D Principal.

Related to Class C Usage of Class D Notes