Common use of Class B Interest Clause in Contracts

Class B Interest. On each Business Day during a Monthly ---------------- Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B Certificateholders, to the extent of any Series Available Interest Collections remaining after giving effect to the withdrawal pursuant to subsection 4.9(a)(i), an amount equal to the lesser of (x) any such remaining Series Available Interest Collections and (y) the excess of (1) the sum of Class B Monthly Interest and Carryover Class B Interest over ----

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Greentree Floorplan Funding Corp), Pooling and Servicing Agreement (Greentree Floorplan Funding Corp)