Unpaid Class B Interest Sample Clauses

Unpaid Class B Interest. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw from the Collection Account and deposit in the Interest Funding Account for distribution to the Class B Certificateholders on the next Distribution Date, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the sum of (1) the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class B Certificates at the Class B Certificate Rate but which has not been deposited into the Interest Funding Account with respect to the Class B Certificateholders and (2) any additional interest (to the extent permitted by applicable law) at the Class B Certificate Rate accrued on interest that was due during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class B Certificateholders.
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Unpaid Class B Interest. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account for distribution to the Class B Certificateholders to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.08(a), (b), (c), (d) and (e), an amount equal to the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class B Certificates at the Class B Certificate Rate but has not been paid to the Class B Certificateholders either on such Distribution Date or on a prior Distribution Date plus any additional interest at the Class B Certificate Rate plus 2% per annum with respect to such interest amounts that were due but not paid to Class B Certificateholders on any previous Distribution Date. Interest on the Class B Certificates for any Distribution Date shall be calculated on the basis of the actual number of days in the period from and including the preceding Distribution Date (or, in the case of the first Distribution Date, from and including the Closing Date) to but excluding such Distribution Date and a 360-day year.
Sample 1Sample 2Sample 3
Unpaid Class B Interest. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account for distribution to the Class B Certificateholders to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date, after giving effect to subsections 4.8(a), (b), (c), (d) and (e), an amount equal to the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class B Certificates at the Class B Certificate Rate but has not been paid to the Class B Certificateholders either on such Distribution Date or on a prior Distribution Date, plus any additional interest at the Class B Certificate Rate plus 2% per annum with respect to such interest amounts that were due but not paid to Class B Certificateholders on any previous Distribution Date. Interest on the Class B Certificates shall be calculated on the basis of a 360-day year of twelve 30-day months.
Sample 1
Unpaid Class B Interest. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall allocate to the Class B Securities and withdraw first from the Cap Proceeds Account, to the extent of the remaining Cap Receipt Amount for such Business Day and then from the Collection Account and then from the Payment Reserve Account and deposit in the Interest Funding Account, to the extent of the Available Series 1998-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vii), an amount equal to the lesser of (x) any such remaining Available Series 1998-1 Finance Charge Collections and (y) the sum of (1) the excess of the Daily Portion of the product of (i) the Class B Interest Rate and (ii) a fraction the numerator of which is the actual number of days in the then current Interest Accrual Period and the denominator of which is 360 and (iii) the Class B Outstanding Principal Amount as of the close of business on the first day of such Interest Accrual Period, over the amount on deposit in the Interest Funding Account or previously paid to the Class B Securityholders with respect thereto and (2) any additional interest (to the extent permitted by applicable law) at the Class B Interest Rate plus 2% for interest that has accrued on interest that was due during a prior Monthly Period pursuant to this subsection but was not deposited in the Interest Funding Account or paid to the Class B Securityholders.
Sample 1

Related to Unpaid Class B Interest

  • Interest Unpaid Class Accrued Certificate Interest Shortfalls Interest Class Interest Payable Pay-out Rate ----- -------- ------------------- ------- ------------ R $ 0.00 $ 0.00 $ 0.00 %0.000000000 PO $ 0.00 $ 0.00 $ 0.00 %0.000000000 A1 $ 153,408.89 $ 0.00 $ 153,408.89 %5.950000013 A2 $ 228,536.00 $ 0.00 $ 228,536.00 %6.000000000 A3 $ 892,574.07 $ 0.00 $ 892,574.07 %6.249999980 A4 $ 188,303.45 $ 0.00 $ 188,303.45 %5.463749883 A5 $ 104,641.75 $ 0.00 $ 104,641.75 %3.036249996 A6 $ 1,265,469.75 $ 0.00 $ 1,265,469.75 %6.500000012 A7 $ 807,304.70 $ 0.00 $ 807,304.70 %6.500000035 A8 $ 288,597.53 $ 0.00 $ 288,597.53 %6.500000029 A9 $ 5,475.51 $ 0.00 $ 0.00 %6.500004595 A10 $ 102,533.15 $ 0.00 $ 102,533.15 %6.500000317 A11 $ 36,259.17 $ 0.00 $ 36,259.17 %6.500000598 A12 $ 8,706.67 $ 0.00 $ 8,706.67 %8.000003063 A13 $ 97,830.41 $ 0.00 $ 97,830.41 %5.663749756 A14 $ 48,990.77 $ 0.00 $ 48,990.77 %9.217811872 A15 $ 0.00 $ 0.00 $ 0.00 %0.000000000 A16 $ 8,205.08 $ 0.00 $ 0.00 %6.499997726 A17 $ 27,377.53 $ 0.00 $ 0.00 %6.499999821 A18 $ 31,669.04 $ 0.00 $ 31,669.04 %6.749999467 A19 $ 32,841.97 $ 0.00 $ 32,841.97 %7.000000000 A20 $ 0.00 $ 0.00 $ 0.00 %0.000000000 A21 $ 11,860.87 $ 0.00 $ 0.00 %6.499999338 A22 $ 515,883.47 $ 0.00 $ 515,883.47 %6.500000016 S $ 336,620.40 $ 0.00 $ 336,620.40 %0.454839554 RL $ 0.00 $ 0.00 $ 0.00 %0.000000000 M $ 95,282.60 $ 0.00 $ 95,282.60 %6.500000161 B1 $ 38,626.76 $ 0.00 $ 38,626.76 %6.499999201 B2 $ 23,177.14 $ 0.00 $ 23,177.14 %6.499999887 B3 $ 25,751.18 $ 0.00 $ 25,751.18 %6.500000875 B4 $ 10,301.55 $ 0.00 $ 10,301.55 %6.499998651 B5 $ 12,875.59 $ 0.00 $ 12,875.59 %6.499998605

  • Reductions in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be reduced (in each case without regard to any exchanges of Original Notes for MAC Notes), without any corresponding payment of principal, by the amount of the reduction, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Calculated Tranche Write-down Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(b) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Calculated Tranche Write-down Amounts that are allocable to Original Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Original Class B Principal Balance The Original Class B Principal Balance is $12,006,549.92.

  • Increases in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Class M Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-up Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to increase the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Original Class A Percentage Section 11.05 Original Principal Balances of the Classes of Class A Certificates............................................ Section 11.06 Original Class A Non-PO Principal Balance................ Section 11.07

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Principal Balance Each Receivable had a remaining Principal Balance as of the Cutoff Date of not less than $500.

  • LIBOR Certificates Notional Amount Certificates........... None. Notional Amount Components............. None. Offered Certificates................... All Classes of Certificates other than the Private Certificates. Physical Certificates.................. Class A-R Certificates and the Private Certificates. Planned Principal Classes.............. None.

  • REMIC Certificate Maturity Date Solely for purposes of satisfying Section 1.860G-1(a)(4)(iii) of the Treasury Regulations, the "latest possible maturity date" of the regular interests in the Upper-Tier REMIC, Middle-Tier REMIC and Lower-Tier REMIC is October 25, 2035.

  • Regular Floating Rate Note Unless this Note is specified on the face hereof as a Floating Rate/Fixed Rate Note, this Note (a “Regular Floating Rate Note”) will bear interest at the rate determined by reference to the applicable Interest Rate Basis or Interest Rate Bases: (1) plus or minus the applicable Spread, if any; and/or (2) multiplied by the applicable Spread Multiplier, if any. Commencing on the first Interest Reset Date, the rate at which interest on this Regular Floating Rate Note is payable will be reset as of each Interest Reset Date; provided, however, that the interest rate in effect for the period, if any, from the Original Issue Date to the first Interest Reset Date will be the Initial Interest Rate.

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