Class B Distributable Amount definition

Class B Distributable Amount means, with respect to any Distribution Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
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Class B Distributable Amount means, with respect to any Payment Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
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Class B Distributable Amount means, for any Distribution Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
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Examples of Class B Distributable Amount in a sentence

  • Thus, for example, Y will be permitted to take ad- vantage of any special rules or savings provi-26 CFR Ch. I (4–1–12 Edition)sions with respect to chapter 42 to the same extent as X could have if X had continued in existence.Example 2.

  • For the year ended 31 December 2017 , the Company has complied with the environmental laws and regulations, and was not experience in any fine, penalty, investigation or prosecution for noncompliance with the relevant laws and regulations relating to emissions.

  • On or before each Certificate Distribution Amount Determination Date, the Calculation and Paying Agent shall calculate the Available Interest, the Available Principal, the Class A Distributable Amount and the Class B Distributable Amount, each with respect to the related Distribution Date and, based on the Total Available Amount for such Distribution Date and the other distributions to be made on such Distribution Date, determine the amount distributable to Certificateholders of each class.


More Definitions of Class B Distributable Amount

Class B Distributable Amount means, with respect to any Distribution Date, the sum of (a) the Class B Principal Distributable Amount, (b) the Class B Interest Distributable Amount and (c) recoveries to the extent allocable to principal on Receivables which became Defaulted Receivables in one or more prior Collection Periods.
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Class B Distributable Amount. On any Distribution Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount.
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Class B Distributable Amount means, on any Distribution Date, the sum of the Class B Interest Distributable Amount and the Class B Principal Distributable Amount. "Class B Interest Distributable Amount" means, (i) for any Distribution Date (other than the Initial Distribution Date), one-twelfth of the product of (x) the Class B Rate and (y) the Class B Certificate Balance as of the close of business on the preceding Distribution Date (after giving effect to any distribution of principal on the Class B Certificates made on such preceding Distribution Date) and (ii) for the Initial Distribution Date, the sum of (1) the product of (x) the Class B Rate, (y) the initial Class B Certificate Balance and (z) a fraction the numerator of which is the number of days from and including the Closing Date to and including the end of the calendar month in which the Closing Date occurs, and the denominator of which is 360, plus (2) an amount equal to that portion of the purchase price of the Class B Certificates under the Master Certificate Purchase Agreement equal to the interest payable under the Warehouse Facility.
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Class B Distributable Amount means, with respect to any Monthly Allocation Date, the sum of the Class B Principal Distributable Amount and the Class B Interest Distributable Amount. "CLASS B INTEREST CARRYOVER SHORTFALL" means, with respect to any Monthly Allocation Date, the excess, if any, of (i) the Class B Interest Distributable Amount for such Monthly Allocation Date plus any outstanding Class B Interest Carryover Shortfall from the immediately preceding Monthly Allocation Date plus interest on such outstanding Class B Interest Carryover Shortfall, to the extent permitted by law, at the Class B Certificate Rate from such immediately preceding Monthly Allocation Date to but not including the current Monthly Allocation Date over (ii) the amount of interest distributed to Class B Certificateholders on such current Monthly Allocation Date pursuant to Section 3.02 (b)(ix) of the Securitization Trust Agreement. "CLASS B INTEREST DISTRIBUTABLE AMOUNT" means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class B Certificate Rate (or in the case of the first Monthly Allocation Date, of the Class B Certificate Rate) and (ii) the Class B Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class B Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class B Certificate Balance. "CLASS B INTEREST RESERVE AMOUNT" means with respect to any Monthly Allocation Date, the lesser of (i) $- less all amounts previously withdrawn from the Reserve Fund and applied to make allocations or distributions in respect of interest accrued on the Class B Certificates or Certificate Principal Loss Amounts allocated thereto or (ii) -% of the Class B Certificate Balance as of the date prior to such Monthly Allocation Date; provided that the Class B Interest Reserve Amount will be zero on and after any date on which any Rating Agency reduces its rating of the Class A Certificates to less than "A" or its equivalent or withdraws its rating of any Class of Class A Certificates (unless such rating is restored). "CLASS B LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the product of (a) the Class B Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount with respect to the related Collection Period. "CLASS B PRINCIPAL DISTRIBUTABLE AM...
Sample 1
Class B Distributable Amount means, on any Distribution Date, the sum of the Class B Interest Distributable Amount and the Class B Principal Distributable Amount. "Class B Interest Distributable Amount" means, (i) for any Distribution Date (other than the Initial Distribution Date), one-twelfth of the product of (x) the Class B Rate and (y) the Class B Certificate Balance as of the close of business on the preceding Distribution Date (after giving effect to any distribution of principal on the Class B Certificates made on such preceding Distribution Date) and (ii) for the Initial Distribution Date, the sum of (1) the product of (x) the Class B Rate, (y) the initial Class B Certificate Balance and (z) a fraction (A) the numerator of which equals the sum of 30 plus, if the Closing Date occurs prior to the 20th day in any calendar month, the number of days from the Closing Date to but not including such 20th day, or minus, if the closing Date occurs after the 20th day in any calendar month, the number of days from such 20th day to but not including the Closing Date, and (B) the denominator of which equals 360, plus (2) an amount equal to that portion of the purchase price of the Class B Certificates under the Master Certificate Purchase Agreement equal to the interest payable under the Warehouse Facility.
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Related to Class B Distributable Amount

  • Class C Distributable Amount As defined in the Preliminary Statement.

  • Class X Distributable Amount With respect to any Distribution Date, the amount of interest that has accrued on the Class X Notional Balance, as described in the Preliminary Statement, but that has not been distributed prior to such date. In addition, such amount shall include the initial Overcollateralization Amount of $10,346,197.30 ($10,346,297.30 less $100 of such amount allocated to the Class P Certificates) to the extent such amount has not been distributed on an earlier Distribution Date as part of the Overcollateralization Reduction Amount.

  • Principal Distributable Amount means, with respect to any Distribution Date, the amount equal to the excess, if any, of (x) the sum of (i) the principal portion of all Collected Funds received during the immediately preceding Collection Period (other than Liquidated Receivables and Purchased Receivables), (ii) the Principal Balance of all Receivables that became Liquidated Receivables during the related Collection Period (other than Purchased Receivables), (iii) the principal portion of the Purchase Amounts received with respect to all Receivables that became Purchased Receivables during the related Collection Period, (iv) the aggregate amount of Cram Down Losses that shall have occurred during the related Collection Period; and (v) following the acceleration of the Notes pursuant to Section 5.2 of the Indenture, the amount of money or property collected pursuant to Section 5.4 of the Indenture since the preceding Determination Date by the Trust Collateral Agent for distribution pursuant to Section 5.7 hereof over (y) the Step-Down Amount, if any, for such Distribution Date.

  • Class B Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) the positive difference of (x) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto minus (y) the Class A Principal Distributable Amount and (ii) the Class B Note Balance; provided, however, on the Class B Stated Final Maturity Date, the Class B Principal Distributable Amount will equal the Class B Note Balance.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Note Distributable Amount means, with respect to any Payment Date, the sum of the Note Interest Distributable Amount and the Note Principal Distributable Amount for such Payment Date.

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Class A Interest Distributable Amount means, with respect to any Distribution Date and each class of Class A Notes, an amount equal to the sum of: (i) the aggregate amount of interest accrued on the Class A Notes at the related Note Rate from and including the preceding Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date) to but excluding the current Distribution Date plus (ii) the related Class A Interest Carryover Shortfall for the current Distribution Date.

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.

  • Aggregate Class A Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Note Class Interest Distributable Amount for each class of the Class A Notes as of such Distribution Date and (ii) the Class A Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.

  • Distributable Amount has the meaning set forth in Section 5.02(d) hereof.

  • Regular Principal Distributable Amount means, with respect to any Distribution Date, the lesser of (i) the Note Balance as of the day preceding such Distribution Date and (ii) (A) the excess, if any, of (x) the sum of the Note Balance as of the day preceding such Distribution Date and the Overcollateralization Target Amount for such Distribution Date over (y) the Pool Balance as of the last day of the preceding Collection Period minus (B) the sum of the Priority Principal Distributable Amount, if any, the Secondary Principal Distributable Amount, if any, the Tertiary Principal Distributable Amount, if any, and the Quaternary Principal Distributable Amount, if any, in each case for such Distribution Date.

  • Note Principal Distributable Amount means, with respect to any Payment Date, the sum of (i) the Note Monthly Principal Distributable Amount, (ii) any outstanding Note Principal Carryover Shortfall as of the close of the immediately preceding Payment Date and, (iii) on the Final Payment Date for a Class of Notes or the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the amount necessary (after giving effect to all amounts allocable to principal required to be deposited in the Note Distribution Account on such Payment Date) to reduce the Outstanding Amount of each related Class of Notes to zero; provided, however, that the Note Principal Distributable Amount with respect to a Class of Notes shall not exceed the Outstanding Amount of such Class of Notes.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.