Class B Interest Sample Clauses

Class B Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B Certificateholders, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the excess of (1) the sum of Class B Monthly Interest and Carryover Class B Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Interest shall be payable or distributable to Class B Certificateholders only to the extent permitted by applicable law.
Class B Interest. Each Class B Member shall be entitled to the allocations, distributions and other rights as are prescribed for a Class B Member in this Agreement. Each Class B Member’s Capital Account balance as of the Effective Date with respect to its Class B Interest is as indicated on Annex I. The number of Class B Units held by the Class B Member with respect to its Class B Interest as of the Effective Date is the number indicated on Annex I.
Class B Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall allocate to the Class B Certificates and withdraw first from the Collection Account and then from the Payment Reserve Account and deposit into the Interest Funding Account, to the extent of the Available Series 1997-1 Imputed Yield Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1997-1 Imputed Yield Collections and (y) the sum of (A) the Class B Interest for such Business Day plus (B) the excess, if any, of the amount required to be deposited pursuant to clause (A) above on each prior Business Day over the amount on deposit in the Interest Funding Account with respect thereto on such Business Day plus (C) an amount equal to the portion of Carryover Class B Interest attributable to amounts required to be deposited pursuant to clause (A) above that were not so deposited prior to such Business Day minus the amounts required to be deposited pursuant to clause (B) above.
Class B Interest. An amount equal to the lesser of (x) any Available Series 1997-1 Finance Charge Collections remaining after giving effect to the withdrawals to subsections 4.6(a)(i) through (vii) and (y) the sum of Class B Interest and Carryover Class B Interest, if any, shall be paid to the Class B Certificateholders. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Interest that constitutes Class B Additional Interest shall be payable or distributable to Class B Certificateholders only to the extent permitted by applicable law.
Class B Interest. The Class B Interest shall have an initial Capital Account equal to the amount set forth on Exhibit B. The Class B Interest shall have no interest in Net Profits or Net Losses.
Class B Interest. Each Class B Asset-Backed Note shall bear interest on the outstanding principal balance thereof at a rate per annum (based on a year of 365 days) equal to the Class B Interest Rate with respect thereto. Interest on the Class B Asset-Backed Notes shall accrue from the Related Series Issuance Date for the Series 2010-2 Notes until the payment in full of the Class B Asset-Backed Notes, shall be payable monthly in arrears on each Distribution Date and shall be calculated with respect to each Reporting Period and the related Distribution Date, as an amount equal to the product of (A) the Class B Interest Rate, (B) the weighted average closing daily outstanding principal amount of the Class B Asset-Backed Notes during such Reporting Period, and (C) a fraction equal to the actual number of days in such Reporting Period divided by 365;
Class B Interest. The transactions contemplated by Article 5 shall have been consummated.
Class B Interest. Upon a resolution adopted by the Board of Directors of the Company authorizing the issuance of a Class B Interest to a Recipient pursuant to Section 3.5(a) of the Second Amended Operating Agreement of the Company dated October 1, 2002 (the "OPERATING AGREEMENT"), and such Recipient's execution of the Agreement and the Operating Agreement, such Recipient shall be issued a Class B Interest to which is assigned a Percentage Interest as set forth in the Agreement (which shall be reflected on Schedule A of the Operating Agreement) and become a member of the Company, subject to the terms and conditions of the Agreement and the Operating Agreement, including (without limitation) a vesting schedule.