Original Class B-2 Principal Balance definition
Examples of Original Class B-2 Principal Balance in a sentence
In no event shall the amount paid on the Class B-2 Certificates in respect of principal pursuant to the Limited Guarantee exceed the Original Class B-2 Principal Balance.
The initial principal balance of each Uncertificated Lower-Tier Interest (other than the Class A-LR Interest) equals the Original Class A Subclass Principal Balance, Original Class M Principal Balance, Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance or Original Class B-5 Principal Balance as the case may be, of the respective Corresponding Upper-Tier Class or Classes.
At any time after the Closing Date, if so requested by the Class B-2 Certificateholder in connection with the transfer of the Class B-2 Certificates, there shall be delivered to the Depository one Class B-2 Certificate in registered form registered in the name of the Depository's nominee, Cede & Co., the total face amount of which represents the Original Class B-2 Principal Balance.
The initial principal balance of each Uncertificated Lower-Tier Interest equals the Original Class A Subclass Principal Balances, Original Class M Principal Balance, Original Class B-1 Principal Balance, Original Class B-2 Principal Balance, Original Class B-3 Principal Balance, Original Class B-4 Principal Balance or Original Class B-5 Principal Balance, as the case may be, of the respective Corresponding Upper-Tier Class or Classes.
At any time after the Closing Date, the Class B-2 Certificateholders may deliver to the Depository one Class B-2 Certificate, registered in the name of Cede & Co., the total face amount of which represents 100% of the Original Class B-2 Principal Balance.