Class B Action definition

Class B Action has the meaning specified in Section 9.2(b)(i)(E).
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Class B Action has the meaning specified in Clause 9.2(b)(i)(E) (Replacement of Class B Investor Group) of the Issuer Facility Agreement.
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Class B Action has the meaning specified in Section 9.2(b)(i)(E) (Replacement of Class B Investor Group).
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Examples of Class B Action in a sentence

  • Class B Action – an action affecting institutional organization or policy.

  • A Class B Action shall be approved or disapproved by majority vote of the Faculty Senate.

  • In Procedure II, if upon submission of a Class A Action of the Senate in writing to all members of the voting faculty, significant proposed changes, as judged by the Executive Committee, are made in writing to the Senate Chairman by any member(s) of the faculty, then these changes shall be considered by the Senate at its next meeting.A Class B Action shall be approved or disapproved by majority vote of the Faculty Senate.

  • A Class B Action of the Senate shall be approved or disapproved by vote of the Senate; upon approval it becomes final after approval by the President.

  • A Class B Action does not alter established policy; it is used, for example,for editorial changes.

  • BOARD TO TAKE APPROPRIATE ACTION AS DEEMED NECESSARY.Mr. George Tarlas reviewed “GLSEF Direct Portfolio (Class B) Action Plan”, a copy of which is attached as Exhibit “G”.


More Definitions of Class B Action

Class B Action has the meaning specified in Section 9.2(b). SI- 19 WEIL:\95470638\23\52399.0041
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Related to Class B Action

  • Class B Invested Amount means, on any date of determination, an amount equal to (a) the Class B Initial Invested Amount, minus (b) the aggregate amount of principal payments made to the Class B Certificateholders prior to such date, minus (c) the aggregate amount of Class B Investor Charge-Offs for all prior Distribution Dates, minus (d) the amount of Reallocated Principal Collections allocated on all prior Distribution Dates pursuant to subsection 4.08(a) (excluding any Reallocated Principal Collections that have resulted in a reduction in the Collateral Invested Amount pursuant to Section 4.08), minus (e) an amount equal to the amount by which the Class B Invested Amount has been reduced on all prior Distribution Dates pursuant to subsection 4.06(a) and plus (f) the amount of Excess Spread and Excess Finance Charge Collections allocated and available on all prior Distribution Dates pursuant to subsection 4.07(e) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (c), (d) and (e); provided, however, that the Class B Invested Amount may not be reduced below zero.