Examples of Class B Investor Default Amount in a sentence
On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount.
On each Determination Date, the Servicer shall calculate the Class B Investor Default Amount, if any, for the related Distribution Date.
In the event that such reduction would cause the Collateral Interest to be a negative number, the Collateral Interest shall be reduced to zero and the Class B Investor Interest shall be reduced by the amount by which the Collateral Interest would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge-Off").
Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $2,377,178.10 (b) The Class A Investor Default Amount for the related Monthly Period $2,068,144.86 (c) The Class B Investor Default Amount for the related Monthly Period $106,973.06 (d) The Collateral Default Amount for the related Monthly Period $202,060.18 5.
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 will be reduced by the amount by which the Collateral Interest would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge-Off").