Class B Adjustment Amount definition
Class B Adjustment Amount means, with respect to each Distribution Date, an amount equal to the product of (i) the Series Adjustment Amount for Series 1997-2 with respect to the related Monthly Period and (ii) the percentage equivalent of a fraction the numerator of which is the Class B Adjusted Investor Amount and the denominator of which is the Adjusted Investor Amount, each as of the last day of the Monthly Period preceding the related Monthly Period.
Class B Adjustment Amount means, on any Payment Date, the lesser of (i) the Principal Amount of the Class B Notes after giving effect to any principal distributions made on the Class B Notes on such Payment Date and (ii) the amount by which the Aggregate Adjustment Amount exceeds the aggregate of the Principal Amount of the Class C Notes after giving effect to all principal distributions made to the Class C Notes on such Payment Date.
Class B Adjustment Amount. For each Class of the Class B Notes on any Payment Date, (i) the quotient of (a) the Outstanding Principal Balance of such Class, divided by (b) the sum of (A) the Outstanding Principal Balance of the Class B Notes and (B) the aggregate Outstanding Principal Balance of all class B notes that are Related Series Notes, multiplied by (ii) the Aggregate Class B Adjustment Amount for such Payment Date.
Examples of Class B Adjustment Amount in a sentence
Whenever funds or other amounts are available hereunder to fund the Class B Allocable Amount for any Distribution Date, such funds or other amounts shall be applied first to fund the Class B Default Amount for such Distribution Date and then to fund the Class B Adjustment Amount for such Distribution Date.