Class B Component definition

Class B Component. The Component having such designation.
View Source
Class B Component. With respect to the Class X Certificates, at any date of determination, that portion of the Notional Amount of the Class X Certificates equal to the Certificate Principal Amount of the Class B Certificates.
View Source
Class B Component means a component of the beneficial interest in REMIC III evidenced by the Class B Certificates, which component represents a Component Notional Amount equal to the Certificate Balance of the REMIC II Regular Interest B.
View Source

Examples of Class B Component in a sentence

  • However, principal will not be distributed as described above if on that Distribution Date (a) the Class B Percentage for that Distribution Date is greater than or equal to 200% of the Class B Percentage as of the Closing Date and (b) the average outstanding Stated Principal Balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the related Class B Component Balance, is less than 50%.

  • Any Applied Realized Loss Amount allocated to a Class of Class B Component Certificates shall be allocated among such Class in proportion to their respective Percentage Interests.

  • Subordinated Lender will not have any right to assign, transfer, sell, pledge or hypothecate, directly or indirectly, any right in the Class B Component without the prior written consent of Class A Lender, which may be given or denied in Class A ▇▇▇▇▇▇’s sole and absolute discretion.

  • Subordinated Lender will not have any right to assign, transfer, sell, pledge or hypothecate, directly or indirectly, any right in the Class B Component without the prior written consent of Class A Lender.

  • The Subordinated Lender will not have any right to assign, transfer, sell, pledge or hypothecate, directly or indirectly, any right in the Class B Component without the prior written consent of the Class A Lender.


More Definitions of Class B Component

Class B Component. The component of the Class X Regular Interest corresponding to the Class B Regular Interest.
View Source
Class B Component. The component of the Class X Certificates corresponding to the Class B Certificates.
View Source
Class B Component means, in respect of the Class W Combination Notes, a component thereof, the terms and conditions applicable to which (save for those relating to issuance or transfer thereof) are the same as €5,000,000 principal amount of Class B Notes in respect of each €10,000,000 in original principal amount of the Class W Combination Notes;
View Source
Class B Component means a component of the beneficial interest in REMIC III evidenced by the Class B Certificates, which component represents a Certificate Balance equal to the Certificate Balance of the REMIC II Regular Interest B.
View Source
Class B Component means, as of the date hereof, that portion of the Loan in the principal amount of $8,265,000.00.
View Source
Class B Component means, in respect of the Class Y Combination Notes, a component thereof, the terms and conditions applicable to which (save for those relating to issuance or transfer thereof) are the same as €6,500,000 principal amount of Class B Notes in respect of each
View Source
Class B Component. One of the 64 Components of the Class X-C Certificates and one of the 58 Components of the Class X-P Certificates, having a Notional Amount equal to the Lower-Tier Principal Amount of the Class LB Uncertificated Lower-Tier Interest.
View Source