Class B Certificate Balance definition

Class B Certificate Balance means, at any time, the Original Class B Certificate Balance, as reduced by all amounts allocable to principal on the Class B Certificates distributed to Class B Holders prior to such time.

Class B Certificate Balance shall equal, initially, the Class B Original Class Certificate Balance and, thereafter, shall equal the Class B Original Class Certificate Balance, reduced by all amounts previously distributed to Class B Certificateholders and allocable to principal.

Class B Certificate Balance shall initially equal the Original Class B Certificate Balance and, on any Distribution Date, shall equal the amount by which the Pool Balance as of the last day of the related Collection Period exceeds the Class A Certificate Balance on such Distribution Date.

Examples of Class B Certificate Balance in a sentence

• Upon initial issuance, the Class A Certificates and the Class B Certificates shall be in the form of Exhibit A and Exhibit B, respectively, which are incorporated by reference herein, and shall be issued as provided in Section 5.8, in an aggregate amount equal to the Original Class A Certificate Balance and the Original Class B Certificate Balance, respectively.

• The Certificates shall be issuable in denominations of $1,000 and integral multiples thereof; provided that one Class A Certificate and one Class B Certificate may be issued in a denomination that represents the residual amount of the original Class A Certificate Balance and the Original Class B Certificate Balance, respectively.

• The value of the coefficients is positive for the first two variable, with corresponding values of OR greater than 1: the odds ratio for the Multi_discipline dummy variable is the factor of the odds that Y=1 (diversified publication) within the Multi_discipline=1 category, compared to the odds that Y=1 for the reference (Multi_discipline=0) category.

• Class B Certificate Balance and Class B Principal Factor after Distribution of Principal.

• Each Class of Certificates shall be issuable in minimum denominations of $1,000 and integral multiples in excess thereof; provided, however, that one Class A Certificate and one Class B Certificate may be issued in a denomination that includes any remaining portion of the Original Class A Certificate Balance and the Original Class B Certificate Balance, respectively (each, a "Residual Certificate").

More Definitions of Class B Certificate Balance

Class B Certificate Balance means, as of any date of determination, the Initial Class [B] Certificate Balance reduced by all amounts previously distributed to Holders of Class [B] Certificates (or deposited in the Reserve Account, exclusive of the Reserve Account Initial Deposit) and allocable to principal and by Realized Losses to the extent of the amount of such Realized Losses paid from the Class [B] Percentage of the Principal Distribution Amount.

Class B Certificate Balance. As to any Distribution Date, the sum of the Class B-1 and Class B-2 Certificate Balances (before giving effect to the principal distributions on such Distribution Date).

Class B Certificate Balance shall initially equal the Class B Initial Certificate Balance and, on any Payment Date (after giving effect to all payments made to Certificateholders on such date) shall equal the amount by which the sum of (i) the Pool Balance as of the last day of the related Due Period and (ii) the Pre-Funded Amount as of such day exceeds the Class A Certificate Balance on such Payment Date (after giving effect to all payments made to the Class A Certificateholders on such date).

Class B Certificate Balance shall equal, initially, the Original Class B Certificate Balance and, thereafter, shall equal the Original Class B Certificate Balance, reduced by all amounts previously distributed to the Class B Certificateholders and allocable to principal; provided, however, that on any Distribution Date on or after the Distribution Date on which the Class C Certificate Balance is reduced to zero, the Class B Certificate Balance on any Distribution Date will equal the excess of the Pool Balance as of the last day of the related Collection Period over the Class A Certificate Balance as of such Distribution Date after all required distributions, deposits and withdrawals have been made.

Class B Certificate Balance shall equal, initially, the Class B Percentage of the aggregate Principal Balance of the Initial Receivables as of the initial Cutoff Date plus the Class B Percentage of the Original Pre-Funded Amount, if any, and, thereafter, the initial Class B Certificate Balance, reduced by all amounts previously distributed to Class B Certificateholders as principal.

Class B Certificate Balance means, initially, the Class B Percentage of the Cutoff Date Pool Balance, and thereafter shall equal the initial Class B Certificate Balance reduced by all amounts previously distributed to the Class B Certificateholders and allocable to principal. If the date of determination is a Distribution Date, then such Class B Certificate Balance shall be reduced by all such amounts distributed on such date.

Class B Certificate Balance. Initially, the Class B Percentage of the Cut-off Date Principal Balance and, thereafter, the initial Class B Certificate Balance, reduced by (x) all amounts distributed (pursuant to the provision set forth in Section 5.5(b) hereof) to Class B Certificateholders and allocable to principal and (y) on any Distribution Date on which (i) the sum of the Class A Certificate Balance and the Class B Certificate Balance as of such Distribution Date and after taking into account all distributions to be made on such Distribution Date exceeds (ii) the Pool Balance with respect to the immediately preceding Collection Period, the amount of such excess.