Reallocated Class B Principal Collections definition

Reallocated Class B Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables applied in accordance with subsection 4.12(a) in an amount not to exceed the product of (a) the Class B Investor Allocation with respect to the Monthly Period relating to such Transfer Date and (b) the Investor Percentage with respect to the Monthly Period relating to such Transfer Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Transfer Date; provided, however, that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

Reallocated Class B Principal Collections shall have the meaning ----------------------------------------- specified in subsection 4.14(b) of the Agreement.

Reallocated Class B Principal Collections for any Monthly Period means collections of Principal Receivables allocable to the Class B Investor Interest for such Monthly Period in an amount not to exceed the amount applied to fund the Class A Required Amount, if any; provided, however, that such amount will not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for the related Transfer Date.

Examples of Reallocated Class B Principal Collections in a sentence

• In the event that such reduction would cause the Collateral Interest to be a negative number, the Collateral Interest will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest would have been reduced below zero.

• The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above.

• In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero.

• The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above.

• The aggregate amount of Reallocated Class B Principal Collections during the related Due Period is equal to 9.

More Definitions of Reallocated Class B Principal Collections

Reallocated Class B Principal Collections shall have the meaning specified in subsection 4.14(c).

Reallocated Class B Principal Collections means, with respect to any Transfer Date, Collections of Principal Receivables

Reallocated Class B Principal Collections means,

Reallocated Class B Principal Collections means, with respect to any Transfer Date, Principal Collections applied in accordance with subsection 4.14(a) in an amount not to exceed the product of (a) the Class B Investor Allocation for the Monthly Period relating to such Transfer Date and (b) the Investor Percentage for the Monthly Period relating to such Transfer Date and (c) the amount of Principal Collections for the Monthly Period relating to such Transfer Date; provided that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

Reallocated Class B Principal Collections means, with respect to any Transfer Date, Principal Collections calculated by reference to the Class B Investor Interest but which are to be applied as Finance Charge Collections in accordance with Clause 5.17 in an amount not to exceed the product of:

Reallocated Class B Principal Collections means, with respect to any Transfer Date, Principal Collections (including amounts specified pursuant to subsections 4.6(b)(iii) and (iv), 4.6(d)(ii) and 4.6(f) to be treated as Available Investor Principal Collections) applied in accordance with subsection 4.12(a) in an amount not to exceed the product of (a) the Class B Investor Allocation for the Monthly Period relating to such Transfer Date, (b) the Investor Percentage for the Monthly Period relating to such Transfer Date and (c) the amount of Principal Collections for the Monthly Period relating to such Transfer Date; provided, that such amount shall not exceed the Class B Investor Interest after giving effect to any Class B Investor Charge-Offs for such Transfer Date.

Reallocated Class B Principal Collections means, with respect to any Distribution Date, Collections of Principal Receivables applied in accordance with SECTION 4.08(a) in an amount not to exceed the product of (a) the Class B Principal Percentage with respect to the Monthly Period relating to such Distribution Date and (b) the Principal Allocation Percentage with respect to the Monthly Period relating to such Distribution Date and (c) the amount of Collections of Principal Receivables with respect to the Monthly Period relating to such Distribution Date; provided, however, that such amount shall not exceed the Class B Invested Amount after giving effect to any Class B Investor Charge-Offs for such Distribution Date.