Class B Principal Percentage definition

Class B Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) during the Controlled Accumulation Period, the Early Amortization Period or any Partial Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated and the denominator of which is the Invested Amount as of the close of business on the date on which the Revolving Period shall have terminated; provided, however, that with respect to the first Monthly Period, the Class B Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.
Class B Principal Percentage means with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of which is the Invested Amount as of such day and (ii) after the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the Revolving Period, and the denominator of which is the Invested Amount as of such last day; provided, however, that with respect to the first Monthly Period, the Class B Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount.
Class B Principal Percentage means, with respect to any Monthly Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and the denominator of which is the Invested Amount as of such day and (ii) during the Accumulation Period, the Principal Payment Period or the Early Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the Revolving Period, and the denominator of which is the Invested Amount as of such last day; provided, however, that with respect to the first Monthly Period, the Class B Principal Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Invested Amount and the denominator of which is the Initial Invested Amount. 14 14

Examples of Class B Principal Percentage in a sentence

  • Class B Principal Percentage 6.00% Class B Monthly Principal 0.00 K(4).


More Definitions of Class B Principal Percentage

Class B Principal Percentage means, with respect to any Distribution Date, 85.12%; provided, however, that if, on any Distribution Date, the related Net Chargeoff Percentage is greater than the Sequential Payment Trigger, the Class B Principal Percentage for each subsequent Distribution Date will equal 84.21%.
Class B Principal Percentage means, with respect to any Monthly ---------------------------- Period (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period (or, in the case of the first Monthly Period, the Closing Date) and the denominator of which is the Invested Amount as of such day and (ii) during the Class A Accumulation Period, the Class B Amortization Period, the Class C Amortization Period or the Early Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the Revolving Period, and the denominator of which is the Invested Amount as of such last day; provided, however, that, with respect to the first Monthly Period, the Class B Principal Percentage shall mean the Class B Initial Percentage.
Class B Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the Class B Floating Percentage and (ii) during the Amortization Period or the Limited Amortization Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the end of the Revolving Period or the suspension thereof, as the case may be, and the denominator of which is the Invested Amount as of the end of the Revolving Period or the suspension thereof, as the case may be.
Class B Principal Percentage means, (i) for any Distribution Date before the Additional Principal Distributable Amount is reduced to zero, the quotient of the outstanding amount of the Class B Notes divided by the aggregate outstanding amount of the Class A Notes, the Class B Notes and the Class C Notes, in each case as of the Record Date related to such Distribution Date, and (ii) for each other Distribution Date, such quotient as of the Distribution Date on which the Additional Principal Distributable Amount is reduced to zero.
Class B Principal Percentage means, with respect to any Monthly
Class B Principal Percentage means, for any Monthly Period during the ---------------------------- Revolving Period, the Class B Floating Percentage, and for any other Monthly Period, the percentage equivalent of a fraction, the numerator of which is the Class B Investor Amount at the end of the Revolving Period and the denominator of which is the Investor Amount as of the end of the prior Monthly Period; provided that if the Series 1999-A Certificates are paired with another Series -------- and a Rapid Amortization Period commences for such paired Series, upon satisfaction of the Rating Agency Condition, FCNB may, by written notice to the Trustee and the Servicer, designate a different numerator to be used to determine such percentage which shall not be less than the Class B Investor Amount as of the day on which such Rapid Amortization Period commences.
Class B Principal Percentage means, with respect to any Monthly Period, (i) during the Revolving Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Invested Amount as of the last day of the immediately preceding Monthly Period and the denominator of