Class B-2 Principal Balance definition

Class B-2 Principal Balance. As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the lesser of (i) the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b) and (ii) the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

Class B-2 Principal Balance. As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the Original Class B-2 Principal Balance less the sum of (a) all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) and (B) as a result of a Principal Adjustment and (b) the Realized Losses allocated through such Determination Date to the Class B-2 Certificates pursuant to Section 4.02(b); provided, however, if the Class B-2 Certificates are the most subordinate Certificates outstanding, the Class B-2 Principal Balance will equal the difference, if any, between the Adjusted Pool Amount as of the preceding Distribution Date less the sum of the Class A Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

Class B-2 Principal Balance means, as to any Remittance Date, the Original Class B-2 Principal Balance less all amounts previously distributed to Holders of Class B-2 Certificates on account of principal (including any Guarantee Payments).

Examples of Class B-2 Principal Balance in a sentence

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• Class B-2 Principal Balance 5,626,023.00 INTEREST ON PRINCIPAL SHORTFALL 73.

• This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third or eighth sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

• The Class B-2 Principal Balance divided by the Pool Scheduled Principal Balance as of the preceding payment date must be equal to or greater than 13.10%.

More Definitions of Class B-2 Principal Balance

Class B-2 Principal Balance. As to the first Determination Date, the Original Class B-2 Principal Balance. As of any subsequent Determination Date, the Original Class B-2 Principal Balance less the sum of all amounts previously distributed in respect of the Class B-2 Certificates on prior Distribution Dates (A) pursuant to Paragraph tenth of Section 4.01(a) (including any principal otherwise payable to the Class B-2 Certificates used to pay any Class A-PO Deferred Amounts) and (B) as a result of a Principal Adjustment; provided, however, if the Class B-2 Certificates are the most subordinate Certificates outstanding, the Class B-2 Principal Balance will equal the difference, if any, between the Adjusted Pool Amount (Non-PO Portion) as of the preceding Distribution Date less the sum of the Class A Non-PO Principal Balance and the Class B-1 Principal Balance as of such Determination Date.

Class B-2 Principal Balance means, as to any Payment Date, the Original Class B-2 Principal Balance minus the sum of

Class B-2 Principal Balance. At any time, the Original Class B-2 Principal Balance minus the sum of (i) all amounts previously distributed on the Class B-2 Certificates pursuant to clauses A(x) and B(x) of Section 6.01(a).

Class B-2 Principal Balance means, for any Payment Date, the Original Class B-2 Principal Balance less all amounts previously distributed to Holders of Class B-2 Certificates in respect of principal.

Class B-2 Principal Balance. Sold: $________ Class B-2 Principal Balance Retained: $________ [PURCHASING CLASS B-2 PURCHASER]

Class B-2 Principal Balance means, when used with respect to any Business Day, an amount equal to (a) the Class B-2 Initial Invested Amount, PLUS (b) the aggregate principal amount of any Additional Class B-2 Invested Amounts purchased by the Class B-2 Owners through the end of the preceding Business Day pursuant to Section 6.15, MINUS (c) the aggregate amount of principal payments made to Class B-2 Certificateholders prior to such Business Day.

Class B-2 Principal Balance means, as of any date, the Original Class B-2 --------------------------- Principal Balance minus the aggregate cumulative amount of (i) amounts described in Section X(xiv) hereof prior to such date, (ii) amounts described in Section X(xv) hereof, prior to such date and (iii) amounts described in Section Y(iii) hereof prior to such date.