Required Subordinated Amount of Class B Notes definition

Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of
Required Subordinated Amount of Class B Notes means, for the Class A(2016-1) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class B Notes for such Class A(2016-1) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2016-1) Notes on such date of determination; provided, however, that such an amount shall not exceed the Maximum Subordination Amount of Class B Notes for the Class A(2016-1) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2016-1) Adverse Event, the Required Subordinated Amount of Class B Notes for the Class A(2016-1) Notes will be the greater of (x) the amount determined above for such date of determination and (y) the amount determined above for the date immediately prior to the date on which such Class A(2016-1) Adverse Event shall have occurred.
Required Subordinated Amount of Class B Notes means, for any Tranche of Class A Notes, the amount determined in accordance with the Terms Document for such Tranche.

Examples of Required Subordinated Amount of Class B Notes in a sentence

On the issuance date of Class A Notes of a tranche of a Multiple Issuance Series, immediately after giving effect to such issuance, the available subordinated amount of Class B Notes of that series must be at least equal to the Class A Required Subordinated Amount of Class B Notes for that series.

On the issuance date of a Tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class B Notes for such Tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class B Notes for such Tranche of Class A Notes.

On the issuance date of a tranche of Class A Notes, immediately after giving effect to such issuance, the available subordinated amount of Class B Notes for such tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class B Notes for such tranche of Class A Notes.

Required Subordinated Amount of Class B Notes: $113,675,290.00 Required Subordinated Amount of Class C Notes: $151,566,990.00 Controlled Accumulation Amount: $158,333,333.33 Form of Notes: The Class 2017-A3 Notes will be issued as Global Notes.

Required Subordinated Amount of Class B Notes: $59,829,100.00 Required Subordinated Amount of Class C Notes: $79,772,100.00 Controlled Accumulation Amount: $83,333,333.33 Form of Notes: The Class 2018-A7 Notes will be issued as Global Notes.


More Definitions of Required Subordinated Amount of Class B Notes

Required Subordinated Amount of Class B Notes means, for the Class A(2010-E) Notes for any date of determination, an amount equal to the product of
Required Subordinated Amount of Class B Notes means, for the Class A Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class B Notes for the Class A Notes on such date of determination and (b) the Adjusted Outstanding Principal Balance of the Class A Notes on such date of determination; provided, however, that for any date of determination on or after the occurrence and during the continuation of a Pay Out Event that affects the Class A Notes, the Required Subordinated Amount of Class B Notes for the Class A Notes will be the greater of (x) the amount determined above for such date of determination and (y) the amount determined above for the date immediately prior to the date on which such Pay Out Event shall have occurred.
Required Subordinated Amount of Class B Notes means, for the Class A( -___) Notes for any date of determination, an amount equal to the product of