Common use of Unpaid Class B Interest Clause in Contracts

Unpaid Class B 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 subsections 4.08(a), (b), (c), (d) and (e), an amount equal to the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class B Certificates at the Class B Certificate Rate but has not been paid to the Class B Certificateholders either on such Distribution Date or on a prior Distribution Date plus any additional interest at the Class B Certificate Rate plus 2% per annum with respect to such interest amounts that were due but not paid to Class B Certificateholders on any previous Distribution Date. Interest on the Class B Certificates shall be calculated on the basis of a 360- day year of twelve 30-day months.

Unpaid Class B 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 subsections 4.08(a4.8(a), (b), (c), (d) and (e), an amount equal to the amount of interest which has accrued with respect to the outstanding aggregate principal amount of the Class B Certificates at the Class B Certificate Rate but has not been paid to the Class B Certificateholders either on such Distribution Date or on a prior Distribution Date Date, plus any additional interest at the Class B Certificate Rate plus 2% per annum with respect to such interest amounts that were due but not paid to Class B Certificateholders on any previous 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.