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Common use of Class B Monthly Interest Clause in Contracts

Class B Monthly Interest. An amount equal to the lesser of (A) the Class B Modified Required Amount and

Appears in 11 contracts

Sources: Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii), Pooling and Servicing Agreement (Sears Credit Account Master Trust Ii)

Related Clauses

  • Determination of Monthly Interest
  • Original Class B Principal Balance
  • Cut-Off Date Aggregate Principal Balance
  • Interest and Principal Payments
  • Principal Balance

Parent Clauses

  • During the Revolving Period
  • Deposits During the Controlled Accumulation Period or Controlled Amortization Period, if applicable
  • Deposits During the Rapid Amortization Period
  • Allocations of Collections
  • of the Agreement
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