Common use of Class B Monthly Interest Clause in Contracts

Class B Monthly Interest. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account for distribution to the Class B Certificateholders to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date after giving effect to the withdrawal pursuant to subsection 4.8(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 plus 2% per annum with respect to interest amounts that were due but not paid on a prior Distribution Date. Interest on the Class B Certificates shall be calculated on the basis of a 360- day year of twelve 30-day months.

Class B Monthly Interest. On each Distribution Date, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account for distribution to the Class B Certificateholders to the extent funds are available from the Floating Allocation Percentage of Yield Collections for the Due Period immediately preceding such Distribution Date after giving effect to the withdrawal pursuant to subsection 4.8(a4.08(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, Date plus any additional interest at the Class B Certificate Rate plus 2% per annum with respect to interest amounts that were due but not paid on a prior Distribution Date. Interest on the Class B Certificates shall be calculated on the basis of a 360- 360-day year of twelve 30-day months.