Class B-1 Distribution Amount definition

Class B-1 Distribution Amount. As to any Distribution Date, any amount distributable to the Holders of the Class B-1 Certificates pursuant to Paragraphs fifth, sixth and seventh of Section 4.01(a).

Class B-1 Distribution Amount means, as to any Remittance Date, the ----------------------------- lesser of (a) the Adjusted Amount Available less the sum of (i) any amounts paid to the Servicer pursuant to Section 8.03(a)(1), (ii) the Class A Distribution Amount, (iii) the Class M-1 Distribution Amount, and (iv) the Class M-2 Distribution Amount and (b) the Class B-1 Formula Distribution Amount for such Remittance Date; provided that after the Class B-1 Cross-Over Date the Class B-1 Distribution Amount shall be zero.

Class B-1 Distribution Amount means, for any Payment Date, the lesser of (a) the Class B-1 Formula Distribution Amount and (b) that portion of the Amount Available eligible for distribution in respect of such amount in accordance with the priorities set forth in Section 8.04(b); provided that after the Class B-1 Cross-over Date the Class B-1 Distribution Amount shall be zero.

Examples of Class B-1 Distribution Amount in a sentence

• Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Class B-2 Pool Factor 1.00000000 --------------- CLASS B-3I CERTIFICATES ----------------------- (1) Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Class B-2 Pool Factor 1.00000000 ------------- CLASS B-3I CERTIFICATES ----------------------- (1) Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Distribution Amount, if the Company or Green Tree Financial Servicing Corp.

• Monthly Servicing Fee (deducted from Certificate Account balance to arrive at Amount Available if the Company or Green Tree Financial Servicing Corporation is not the Servicer; deducted from funds remaining after payment of Class A Distribution Amount, Class M-1 Distribution Amount, Class B-1 Distribution Amount and Class B-2 Amount, if the Company or Green Tree Financial Servicing 147,416.58 Corp.

• Amount by which Class B-1 Formula Distribution Amount (lines 17(c) and (d), 42, 49(b)) exceeds Class B-1 Distribution Amount (lines 17(e), 43, 49(c)) $ 0.00 -------------- CERTIFICATES FOR HOME IMPROVEMENT AND HOME EQUITY LOANS 1999-B MONTHLY REPORT December 1999 PAGE 7 Distribution Date: 1/18/00 CUSIP# 393511 AA8,AB6 AC4,AD2,AE0,AF7 Trust Account: 3337597-0 Class B-2 --------- 48.

More Definitions of Class B-1 Distribution Amount

Class B-1 Distribution Amount. As to any Remittance Date, the aggregate amount distributed on the Class B-1 Certificates on such Remittance Date pursuant to Section 6.01.

Class B-1 Distribution Amount means, for any Payment Date, the amount to be distributed to the Class B-1 Certificateholders pursuant to Sections 8.04, 8.09 and 8.10 on such Payment Date.

Class B-1 Distribution Amount. With respect to any Payment Date, the sum of (w) the Class B-1 Current Interest, (x) the Class B-1 Principal Distribution Amount, if any, (y) the Class B-1 Interest Carry Forward Amount, if any, and (z) the Class B-1 Realized Loss Amortization Amount, if any.

Class B-1 Distribution Amount. As to any Distribution Date, the total amount distributed to the Class B-1 Certificateholders pursuant to Section 5.02.

Class B-1 Distribution Amount. As to any Distribution Date, the total ----------------------------- amount distributed to the Class B-1 Certificateholders pursuant to Section 5.02.

Class B-1 Distribution Amount means, as to any Remittance Date, the lesser of (a) the Amount Available less the sum of the Class A Distribution Amount and the Class M-1 Distribution Amount and (b) the Class B-1 Formula Distribution Amount for such Remittance Date; provided that after the Seventh Cross-over Date the Class B-1 Distribution Amount shall be zero.

Class B-1 Distribution Amount means, as to any Payment Date, the lesser ----------------------------- of (a) the Amount Available less the sum of the Class A Distribution Amount, the Class M-1 Distribution Amount and the Class M-2 Distribution Amount, and (b) the Class B-1 Formula Distribution Amount; provided that after the Class B-1 Cross- -------- over Date the Class B-1 Distribution Amount shall be zero. "Class B-1 Formula Distribution Amount" means, as to any Payment Date, an ------------------------------------- amount equal to the sum of (a) one month's interest (or, as to the first Payment Date, interest from and including the Closing Date to but excluding June 15, 1997) at the Class B-1 Pass-Through Rate on the excess of the Class B-1 Principal Balance over the Class B-1 Liquidation Loss Principal Amount, to be calculated immediately prior to such Payment Date on the basis of a 360-day year of twelve 30-day months, (b) any Unpaid Class B-1 Interest Shortfall, and (c) if such Payment Date is on or prior to the