Class B-1 Prepayment Percentage definition

Class B-1 Prepayment Percentage. As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.
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Class B-1 Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Class M Principal Balance and the Class B Subclass Principal Balances of the Class B Subclasses eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-1 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-1 Prepayment Percentage for such Distribution Date will be zero.
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Class B-1 Prepayment Percentage. As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (a) for the purpose of allocating Liquidation Proceeds (other than Partial Liquidation Proceeds), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the Class B Principal Balance and (b) for the purpose of allocating all other unscheduled principal distributions (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive such unscheduled principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive such unscheduled principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive such unscheduled principal distributions in accordance with Section 4.01(d)(i), one.
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Examples of Class B-1 Prepayment Percentage in a sentence

  • I-13 Class B-1 Prepayment Percentage....................................................................


More Definitions of Class B-1 Prepayment Percentage

Class B-1 Prepayment Percentage. As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Group III Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is (a) for the purpose of allocating Liquidation Proceeds (other than Partial Liquidation Proceeds), the Class B Principal Balance and (b) for the purpose of allocating all other unscheduled principal distributions, the Principal Balances of the Classes of Class B Certificates eligible to receive such unscheduled principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-1 Certificates are the only Class B Certificates eligible to receive such unscheduled principal distributions in accordance with Section 4.01(d)(i), the Group III Class B-1 Prepayment Percentage for such unscheduled principal distributions for such Distribution Date will be one. Group III Class B-2 Percentage: As to any Distribution Date, the percentage calculated by multiplying (i) the Group III Subordinated Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the Class B Principal Balance.
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Class B-1 Prepayment Percentage. As to any Distribution Date to and including the Distribution Date in [month] [year], 0%. As to any Distribution Date subsequent to [month] [year] to and including the Distribution Date in [month] [year], the Subordinate Prepayment Percentage times the sum of the Class B-1 Subordinate Percentage plus 70% of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class B-1 Prepayment Percentage shall be 0%. As to any Distribution Date subsequent to [month] [year] to and including the Distribution Date in [month] [year], the Class B-1 Subordinate Prepayment Percentage times the sum of the Class B-1 Subordinate Percentage as of such Distribution Date plus 60% of the Class B-2 Subordinate Percentage Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class B-1 Prepayment Percentage shall be the Class B-1 Prepayment Percentage in effect in [month] [year]. As to any Distribution Date subsequent to [month] [year] to and including the Distribution Date in [month] [year], the Class A Percentage Subordinate Prepayment Percentage times the sum of the Class B-1 Subordinate Percentage as of such Distribution Date plus 40% Class B-1 Subordinate Percentage of the Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class B-1 Prepayment Percentage shall be the Class B-1 Prepayment Percentage in effect in Subordinate Prepayment Percentage for [month] [year]. As to any Distribution Date subsequent to [month] [year], to and including the Distribution Date in [month] [year], the Subordinate Prepayment Percentage times the sum of the Class B-1 Subordinate Percentage as of such Distribution Date plus 20% of the Class B-2 Subordinate Percentage Subordinate Prepayment Percentage for such Distribution Date, provided that prior to the Distribution Date next succeeding the first Distribution Date, if any, after [month] [year] as of which the Step-down Criteria are met, the Class A Prepayment Percentage shall be the Class B-1 Prepayment Percentage in effect in [mo...
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Class B-1 Prepayment Percentage. As to any Distribution Date, the ------------------------------- percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Class B Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d).
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Class B-1 Prepayment Percentage. With respect to any Distribution Date, the product of (a) 100% minus the Senior Prepayment Percentage related to the Class A-1 and Class A-2 Certificates for such Distribution Date times (b) a fraction the numerator of which is the Class B-1 Percentage and the denominator of which is the sum of the Class B-1 Percentage, the Class B-2 Percentage and the Class B-3 Percentage.
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Class B-1 Prepayment Percentage. As to any Distribution Date, the percentage calculated by multiplying (i) the Class B Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B Subclass Principal Amount of the Class B-1 CitiCertificates and the denominator of which is the sum of the Class B Subclass Principal Amounts of the Class B Subclasses (eligible to receive principal distributions for such Distribution Date in accordance with Section 13.01(d)), each as of the immediately preceding Distribution Date (after giving effect to any distributions in reduction of Principal Amount and the allocation of any losses on such date).
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Related to Class B-1 Prepayment Percentage

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-6 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-6 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-6 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-6 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-5 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-5 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-5 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-5 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-4 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-4 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-4 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-4 Prepayment Percentage for such Distribution Date will be zero.