Class B Noteholders’ Principal Distribution Amount definition

Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class B Percentage for that distribution date, plus any Class B Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class B Noteholders’ Principal Distribution Amount will not exceed the principal balance of the class B notes.In addition, on the class B maturity date, the principal required to be distributed to the class B noteholders will include the amount required to reduce the outstanding principal balance of the class B notes to zero.
Class B Noteholders’ Principal Distribution Amount means, for any Distribution Date, the Principal Distribution Amount multiplied by the Class B Percentage for that Distribution Date, plus any Class B Note Principal Shortfall as of the close of business on the preceding Distribution Date; provided that the Class B Noteholders' Principal Distribution Amount will not exceed the Outstanding Amount of the Class B Notes. In addition, on the Class B Maturity Date, the principal required to be distributed to the Class B Noteholders will include the amount required to reduce the Outstanding Amount of the Class B Notes to zero.
Class B Noteholders’ Principal Distribution Amount means, for any distribution date, the excess of:

Examples of Class B Noteholders’ Principal Distribution Amount in a sentence

  • Thereafter, on any Distribution Date, principal on the Class B Notes will be paid to the Class B Notes up to the applicable Class B Noteholders’ Principal Distribution Amount.


More Definitions of Class B Noteholders’ Principal Distribution Amount

Class B Noteholders’ Principal Distribution Amount means, as of any Quarterly Distribution Date on or after the Stepdown Date and as long as a Trigger Event is not in effect on such Quarterly Distribution Date, the excess, if any, of (x) the sum of (i) the Class A Note Balance (after taking into account the Class A Noteholders' Principal Distribution Amount due on such Quarterly Distribution Date but after giving effect to principal allocated but not distributed to the Auction Rate Notes) and (ii) the Class B Note Balance immediately prior to such Quarterly Distribution Date over (y) the lesser of (A) the product of (i) 89.875% and (ii) the Asset Balance for such Quarterly Distribution Date and (B) the excess, if any, of the Asset Balance for such Quarterly Distribution Date over the Specified Overcollateralization Amount. Prior to the Stepdown Date or any Quarterly Distribution Date for which a Trigger Event is in effect, the excess, if any, of (i) the amounts in clause (a)(i) of the definition of the Class A Noteholders' Principal Distribution Amount over (ii) the Class A Note Balance (after giving effect to principal allocated but not distributed to the Auction Rate Notes). Notwithstanding the foregoing, on or after the Class B Maturity Date, the Class B Noteholders' Principal Distribution Amount shall not be less than the amount that is necessary to reduce the Class B Note Balance to zero.
Class B Noteholders’ Principal Distribution Amount means, for any Quarterly Distribution Date, the excess of:
Class B Noteholders’ Principal Distribution Amount means, for any
Class B Noteholders’ Principal Distribution Amount means, for any Payment Date, the amount, not less than zero, by which (a) the sum of (i) the Regular Principal Distribution Amount for such Payment Date and (ii) the Priority Principal Distribution Amount for such Payment Date exceeds (b) the Class A Noteholders’ Principal Distribution Amount for such Payment Date; provided, however, that the Class B Noteholders’ Principal Distribution Amount on and after the Final Scheduled Payment Date of the Class B Notes shall be the amount necessary to reduce the Outstanding Amount of the Class B Notes to zero.
Class B Noteholders’ Principal Distribution Amount means, for any quarterly distribution date, the excess of:

Related to Class B Noteholders’ Principal Distribution Amount

  • Class A Noteholders’ Principal Distribution Amount means, for any distribution date, the Principal Distribution Amount times the Class A Percentage for that distribution date, plus any Class A Note Principal Shortfall as of the close of business on the preceding distribution date; provided that the Class A Noteholders’ Principal Distribution Amount will not exceed the outstanding principal balance of the class A notes, less all amounts, other than investment earnings, on deposit in the accumulation account.In addition, on the maturity date for any class of class A notes, the principal required to be distributed to the related noteholders will include the amount required to reduce the outstanding principal balance of that class to zero.

  • Class B Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class B Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Principal Distribution Amount for that distribution date.

  • Class B Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class B note rate for the related accrual period on the outstanding principal balance of the class B notes on the immediately preceding distribution date, after giving effect to all principal distributions to class B noteholders on that preceding distribution date, and • the Class B Note Interest Shortfall for that distribution date.

  • Class A Noteholders’ Distribution Amount means, for any distribution date, the sum of the Class A Noteholders’ Interest Distribution Amount and the Class A Noteholders’ Principal Distribution Amount for that distribution date.

  • Class A Noteholders’ Interest Distribution Amount means, for any distribution date, the sum of: • the amount of interest accrued at the class A note interest rates for the related accrual period on the aggregate outstanding principal balances of all classes of class A notes on the immediately preceding distribution date, after giving effect to all principal distributions to class A noteholders on that preceding distribution date; and • the Class A Note Interest Shortfall for that distribution date.