ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT definition

ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with respect to each SBA Loan in accordance with its terms, net of the interest payable to the Registered Holder, the Premium Protection Fee, the Excess Spread, the Servicing Fee, the FTA's Fee, the Additional Fee, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in January, February and March 1998, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.
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ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with respect to each SBA Loan in accordance with its terms, net of the interest payable to the Registered Holder, the Premium Protection Fee, the Excess Spread, the Servicing Fee, the FTA's Fee, the Additional Fee, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in January 1999, February 1999 and March 1999, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.
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ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with respect to each SBA Loan in accordance with its terms, net of the interest payable to the Registered Holder, the Premium Protection Fee, the Excess Spread (other than the portion thereof allocable to the Servicing Fee on the Guaranteed Interest), the Servicing Fee, the FTA's Fee, the Additional Fee, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in October, November and December 1997, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.
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More Definitions of ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT

ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT. With respect to each --------------------------------------------- Remittance Date, the product of (A) the aggregate amount of interest payable with respect to the Unguaranteed Interest of each SBA Loan in accordance with its terms, net of the Servicing Fee allocable to such SBA Loan, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in August and September 1998, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.
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Related to ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT

  • Current Class B Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class B Certificates pursuant to Paragraphs fifth, eighth, eleventh, fourteenth, seventeenth and twentieth of Section 4.01(a) on such Distribution Date.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Class B Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class B Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Current Class A Interest Distribution Amount As to any Distribution Date, the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph first of Section 4.01(a) on such Distribution Date.

  • Class C Distribution Amount With respect to any Distribution Date, the sum of (i) the Current Interest for the Class C Interest for such Distribution Date, (ii) any Overcollateralization Release Amount for such Distribution Date and (iii) without duplication, any Subsequent Recoveries not distributed to the Class A, Class M and Class B Certificates on such Distribution Date; provided, however, that, on any Distribution Date after the Distribution Date on which the Certificate Principal Balances of the Class A, Class M and Class B Certificates have been reduced to zero, the Class C Distribution Amount shall include the Overcollateralization Amount.