Examples of Class B Principal Distributable Amount in a sentence
Principal payments from amounts on deposit in the Principal Distribution Account on each Distribution Date will be allocated among the various classes of Notes in the following order of priority: (1) to the Class A Notes, the Class A Principal Distributable Amount; (2) to the Class B Notes, the Class B Principal Distributable Amount; (3) to the Class C Notes, the Class C Principal Distributable Amount; and (4) to the Class D Notes, the Class D Principal Distributable Amount.
No principal will be payable to the Class B Noteholders until the Class A-1 Notes have been paid in full; thereafter, the Class B Noteholders will receive on each Distribution Date an amount equal to the Class B Principal Distributable Amount for the calender month preceding such Distribution Date.
S-45 Class B Principal Distributable Amount .......................