Class B Monthly Interest. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and shall distribute to the Class B Certificateholders to the extent of any Available Yield Funds after giving effect to the withdrawal pursuant to Section 4.9(a), an amount equal to Class B Monthly Interest for such Distribution Date plus the amount of any Class B Monthly Interest previously due but not paid to the Class B Certificateholders on a prior Distribution Date, plus any additional interest at the Class B Certificate Rate with respect to interest amounts that were due but not paid on a prior Distribution Date.
Appears in 3 contracts
Sources: Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp), Master Pooling and Servicing Agreement (Yamaha Motor Master Trust), Master Pooling and Servicing Agreement (Yamaha Motor Receivables Corp)