Class B Interest Distribution Amount definition

Class B Interest Distribution Amount. With respect to any Distribution Date, an amount equal to the product of (i) the Class B Percentage Interest and (ii) the amount of interest distributable pursuant to Section 4.01(b) of this Agreement in respect of the Class B Regular Interest on such Distribution Date.

Class B Interest Distribution Amount. On each Payment Date, the amount due to Holders of the Class B Notes on account of interest equal to the product of (i) the Aggregate Outstanding Amount of the Class B Notes on the first day of the related Interest Accrual Period, (ii) the actual number of days in such Interest Accrual Period divided by 360 and (iii) the Class B Rate.

Class B Interest Distribution Amount means, with respect to the Class B Advances on any date of determination, an amount equal to the sum of (i) the product of (a) the daily average outstanding principal balance of all Class B Advances during the related period (including any related Interest Accrual Period), (b) the actual number of days in such period (including any related Interest Accrual Period), divided by 360, 365 or 366, as applicable, and (c) the Class B Usage Fee Rate and (ii) any unpaid Class B Interest Distribution Amounts from prior Payment Dates plus, to the extent permitted by law, interest thereon at the Class B Usage Fee Rate for the related Interest Accrual Period. For the avoidance of doubt, the Class B Interest Distribution Amount shall not constitute “Confidential Information.”

Examples of Class B Interest Distribution Amount in a sentence

• Hamilton Car Club is to liaise and provide evidence of liaison with all operators and businesses that may be affected by the road closures.

• In this connection, she claimed that since the two parties had mutually agreed, orally, to renew her contract in compliance with the terms of her 2008-2009 contract, the 2009-2010 contract was already valid.

• The redemption price for the Class B Notes will be calculated on the related Determination Date and will equal the Aggregate Outstanding Amount of the Class B Notes to be redeemed, together with the Class B Interest Distribution Amount (plus any Class B Defaulted Interest Amount) due on that day of redemption.

• The amount withdrawn from the Interest Reserve Account on any Payment Date shall be applied by the Issuer first to any unpaid Class A Interest Distribution Amount for such Payment Date and then to any unpaid Class B Interest Distribution Amount for such Payment Date and then to any unpaid Class C Interest Distribution Amount and then to any unpaid Class D Interest Distribution Amount in accordance with the Priority of Payments.

• Each of the Class A Interest Distribution Amount, Class B Interest Distribution Amount, Class C Interest Distribution Amount and Class D Interest Distribution Amount is referred to herein as an “Interest Distribution Amount.”Calculation of LIBOR For purposes of calculating LIBOR, the Issuer and the Co-Issuer will initially appoint the Trustee as calculation agent (in such capacity, the “Calculation Agent”).

More Definitions of Class B Interest Distribution Amount

Class B Interest Distribution Amount. With respect to each Remittance Date, the sum of (i) the interest accrued for the related Interest Accrual Period at the then applicable Class B Benchmark Rate on the Aggregate Class B Certificate Principal Balance outstanding immediately prior to such Remittance Date and (ii) the amount of the shortfall, if any, of the interest that the Class B Certificates were entitled to receive on a preceding Remittance Date but did not receive plus interest thereon at the then applicable Class B Benchmark Rate compounded monthly; provided, however, that on each Remittance Date after the first Remittance Date the amount set forth in Clause (i) of Class B Interest Distribution Amount will be increased or decreased, as the case may be, to equal the Adjusted Class B Interest Distribution Amount for such Remittance Date.

Class B Interest Distribution Amount. With respect to the Class B Certificates and any Distribution Date, the aggregate amount of Accrued Certificate Interest to be distributed to the holders of such Class for such Distribution Date, plus any related Accrued Certificate Interest remaining unpaid from any prior Distribution Date.

Class B Interest Distribution Amount. With respect to each Remittance Date, the sum of (i) the interest accrued for the related Interest Accrual Period at the then applicable Class B Remittance Rate on the Aggregate Class B Certificate Principal Balance outstanding immediately prior to such Remittance Date and (ii) the amount of the shortfall, if any, of any interest that the Class B Certificates were entitled to receive on a preceding Remittance Date but did not receive plus interest thereon at the then applicable Class B Remittance Rate compounded monthly; provided, however, that on each Remittance Date the Class B Interest Distribution Amount will be increased or decreased, as the case may be, to equal the Adjusted Class B Interest Distribution Amount for such Remittance Date.

Class B Interest Distribution Amount. As of any Payment Date, the lesser of (i) the Class B Interest for such Payment Date and (ii) the amount actually paid pursuant to Section 7.5(b)(ix) and (xi).

Class B Interest Distribution Amount. As defined in Section 4.02(c)(v).

Class B Interest Distribution Amount. For a Group as to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates of such Group pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth clause (A) or (B), as applicable of Section 4.01(a)(i) on such Distribution Date.

Class B Interest Distribution Amount. As of any Payment Date, the Class B Interest for such Payment Date minus the sum of (i) the amount of any Group I Subordination Increase Amount actually paid to the Owners of the Class A Group I Certificates on such Payment Date as all or a portion of (x) the Group I Insured Distribution Amount on such Payment Date, pursuant to Section 7.3(b)(iii)(B) hereof or (y) the Group I Subordination Increase Amount on such Payment Date pursuant to Section 7.3(b)(iii)(E) hereof and (ii) the amount of any Class B Interest actually paid to the Owners of the Class A-5 Group II Certificates as all or a portion of (x) the Group II Insured Distribution Amount on such Payment Date, pursuant to Section 7.3(b)(iii)(B) hereof or (y) the portion of any Group II Subordination Increase Amount allocated to the Class A Group II Distribution Account with respect to a Group II Subordination Deficiency on such Payment Date, pursuant to Section 7.3(b)(iii)(E) hereof.