Class B Principal definition

Class B Principal means the principal distributable in respect of the Class B Certificates as calculated in accordance with subsection 4.7(b).

Class B Principal means the principal distributable in respect of the Class B Securities as specified in subsection 4.7(b) of the Agreement.

Class B Principal. The Class B Certificates will receive (1) all Excess Spread remaining after payment of Senior Principal and Interest and certain other amounts and (2) all Overcollateralization Reduction Amounts until the bond is retired in full (essentially all cashflow not required by the Senior Certificates). As the Subordination is reduced by application of Excess Spread, the protection provided by the accelerated amount of the Class B Certificates to the Senior Certificates will be replaced by Overcollateralization.

Examples of Class B Principal in a sentence

• Reallocated Class B Principal Collections and (b) Reallocated Collateral Principal Collections.

• Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 (b)The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 (c) The Collateral Interest as of the close of business on this Distribution Date $42,500,000.00 (d) The Class B Investor Interest as of the close of business on this Distribution Date $22,500,000.00 8.

• Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 (b)The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 (c) The Collateral Interest as of the close of business on this Distribution Date $48,875,000.00 (d) The Class B Investor Interest as of the close of business on this Distribution Date $25,875,000.00 8.

• If, on any Notes Payment Date, there is a balance on the Class B Principal Deficiency Ledger, then notwithstanding any other provisions of these Conditions, the principal amount payable on redemption of each Class B Note on such Notes Payment Date shall not exceed its Principal Amount Outstanding less the Class B Principal Shortfall on such Notes Payment Date.

• Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 (b)The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 (c) The Collateral Interest as of the close of business on this Distribution Date $59,500,000.00 (d) The Class B Investor Interest as of the close of business on this Distribution Date $31,500,000.00 8.

More Definitions of Class B Principal

Class B Principal means, with respect to the Class B Expected Final Payment Date, the unpaid principal amount of the Class B Certificates immediately prior to such Distribution Date.

Class B Principal. Balance: Seller Class B Purchaser Class B Principal Balance Prior to Sale: $ Class B Principal Balance Sold: $ Class B Principal Balance Retained: $ [Purchasing Class B Purchaser] A. Type of Purchaser: CP Conduit: Yes/No Committed Purchaser: Yes/No

Class B Principal. On the Transfer Date preceding the Class B Principal Payment Commencement Date and each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account or, following the occurrence of a Defeasance, the Defeasance Funding Account and deposit in the Distribution Account, to the extent of funds available, an amount equal to the Class B Principal for the related Distribution Date. On and after the Class B Principal Payment Commencement Date, on each Distribution Date until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class B Securityholders from the Distribution Account such amounts deposited with respect to Class B Principal into the Distribution Account on the related Transfer Date. CTO Principal. On the Transfer Date preceding the CTO Principal Payment Commencement Date and each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account or, following the occurrence of a Defeasance, the Defeasance Funding Account and deposit in the Distribution Account, to the extent of funds available, an amount equal to the CTO Principal for the related Distribution Date. On and after the CTO Principal Payment Commencement Date, on each Distribution Date until the CTO Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the CTO Securityholders from the Distribution Account such amounts deposited with respect to CTO Principal into the Distribution Account on the related Transfer Date.

Class B Principal. Balance shall be:

Class B Principal. On the Transfer Date preceding the Class B Principal Payment Commencement Date and each Transfer Date thereafter, the Trustee, acting in accordance with instructions from the Servicer set forth in the Daily Report for such day, shall withdraw from the Principal Account or, following the occurrence of a Defeasance, the Defeasance Funding Account and deposit in the Distribution Account, to the extent of funds available, an amount equal to the Class B Principal for the related Distribution Date. On and after the Class B Principal Payment Commencement Date, on each Distribution Date until the Class B Invested Amount is paid in full, the Paying Agent shall pay in accordance with Section 5.1 of the Agreement to the Class B Securityholders from the Distribution Account such amounts deposited with respect to Class B Principal into the Distribution Account on the related Transfer Date.

Class B Principal means, in relation to an Interest Payment Date, the aggregate of the amount allocated on that Interest Payment Date in accordance with the Supplementary Terms Notice to be paid to the Class B Holders towards repayment of principal in respect of the Class B Notes.

Class B Principal. $ Principal Factor Interest $ Interest Factor Total payment per each individual Class B Note $ Note Pool Factor