Class B Deficiency Amount definition

Class B Deficiency Amount is defined in Section 4.1(b).

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Class B Deficiency Amount for any Transfer Date shall be equal to the excess, if any, of the aggregate amount accrued pursuant to this subsection 4.6(b) as of the prior Interest Period over the amount actually transferred to the Distribution Account for payment of such amount.

Class B Deficiency Amount means the Class Deficiency Amount for the Class B Notes.

Examples of Class B Deficiency Amount in a sentence

• On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class B Deficiency Amount"), of (x) the aggregate amount accrued pursuant to this Section 4.2(c) as of the prior Distribution Date over (y) the amount actually transferred from the Distribution Account for payment of such amount.

• The amount, if any, of such shortfall on any Payment Date shall be referred to as the "Class B Deficiency Amount".

• Interest shall accrue on the Class B Deficiency Amount at the Class B Note Rate.

• On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class B Deficiency Amount"), of (x) the aggregate amount accrued pursuant to this subsection 5.2(c) as of the prior Distribution Date over (y) the amount of funds actually transferred from the Distribution Account for payment of such amount.

• Interest shall accrue on the Class B Deficiency Amount for each Class of Class B Notes at the applicable Class B Note Rate.

More Definitions of Class B Deficiency Amount

Class B Deficiency Amount shall have the meaning specified in subsection 4.6(b).

Class B Deficiency Amount means a Class B-1 Deficiency Amount, a Class B-2 Deficiency Amount, a Class B-3 Deficiency Amount, a Class B-4 Deficiency Amount, a Class B-5 Deficiency Amount or a Class B-6 Deficiency Amount.

Class B Deficiency Amount means, in respect of any Transfer Date, an amount equal to the excess, if any, of the Class B Monthly Required Expense Amount as of the prior Transfer Date (disregarding for this purpose the Class B Trustee Payment Amount) over the amount actually credited to the Class B Distribution Ledger for the payment of such amount in accordance with Clause 5.10(b)(ii);

Class B Deficiency Amount for any Determination Date shall be equal to the excess, if any, of (x) the sum of (i) the Class B Monthly Interest and the Class B Additional Interest, in each case for the Interest Period ended immediately prior to the preceding Payment Date, plus (ii) any Class B Deficiency Amount for the preceding period, over (y) the amount actually paid in respect thereof on the preceding Payment Date; provided, however, that the Class B Deficiency Amount on the first Determination Date shall be zero.

Class B Deficiency Amount has the meaning specified in Section 3.1(c)(ii) of this Series 2013-B Supplement.

Class B Deficiency Amount has the meaning specified in Clause 3.1(c)(ii) (

Class B Deficiency Amount has the meaning specified in Section 3.1(c)(ii) (Payment of Interest; Funding Agent Failure to Provide Rate).