Cash Tender Amount definition
Cash Tender Amount means the lesser of (i) the Cash Amount or (ii) the Public Offering Funding Amount.
Cash Tender Amount. On any Distribution Date, with respect to a Loan ------------------ prepaid pursuant to Section 2.3 of the related Loan Agreement and with respect to which all or a portion of the related Class B Certificate is being tendered for purchase pursuant to Section 5.05(b) or 5.05(c), (a) reduced by (b), where (a) is: the product of (i) a fraction the numerator of which is the outstanding principal balance of such Loan and the denominator of which is the aggregate principal balance of the related Tendering Holder's Related Loans on the date such prepayment was made and (ii) the Class B Certificate Principal Balance of such Tendering Holder's Class B Certificate on the first Distribution Date on which principal payments are to be allocated to such Tendering Holder pursuant to Section 5.03(c) (viii); and where (b) is: the sum of, for each Distribution Date on which the Class B Certificate Principal Balance of such Class B Certificate is reduced pursuant to clause (b) or (d) of the definition of "Class B Certificate Principal Balance", the product of (i) any such reductions in the Class B Certificate Principal Balance of such Class B Certificate occurring on or subsequent to such first Distribution Date but prior to the Distribution Date of such reduction (net of recoveries in respect of Realized Losses allocated to increase such Class B Certificate Principal Balance during such period) and (ii) a fraction the numerator of which is the amount determined pursuant to clause (a) above less in the case of a tender pursuant to Section 5.05(b) the sum of (A) with respect to all Distribution Dates subsequent to such first Distribution Date on which the Prepayment Conditions were satisfied, all principal distributions made in respect of such Class B Certificate on such Distribution Dates and (B) with respect to all Distribution Dates subsequent to such first Distribution Date on which the Prepayment Conditions were not satisfied, the product of the fraction determined pursuant to clause (a)(i) above and all principal distributions made in respect of such Class B Certificate on such Distribution Dates and, in the case of a tender pursuant to Section 5.05(c), all principal distributions made in respect of such Class B Certificate subsequent to such first Distribution Date and the denominator of which is the Aggregate Class B Certificate Principal Balance on the Distribution Date of each such reduction.