Class B Controlled Amortization Amount definition

Class B Controlled Amortization Amount means, with respect to any Related Month during the Series 2023-3 Controlled Amortization Period, $9,000,000.
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Class B Controlled Amortization Amount means, (i) with respect to any Related Month during the Series 2023-5 Controlled Amortization Period other than the Related Month immediately preceding the Series 2023-5 Expected Final Distribution Date, $10,035,666.66 and (ii) with respect to the Related Month immediately preceding the Series 2023-5 Expected Final Distribution Date, $10,035,666.70.
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Class B Controlled Amortization Amount means, (i) with respect to any Related Month during the Series 2024-2 Controlled Amortization Period other than the Related Month immediately preceding the Series 2024-2 Expected Final Distribution Date, $8,433,333.33 and (ii) with respect to the Related Month immediately preceding the Series 2024-2 Expected Final Distribution Date, $8,433,333.35.
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Examples of Class B Controlled Amortization Amount in a sentence

  • On each Distribution Date during the Class B Controlled Amortization Period, the Trustee shall withdraw, at the direction of the Servicer, the Class B Controlled Amortization Amount with respect to such Distribution Date from the Class B Principal Funding Account.

  • If an amount equal to the Class A Invested Amount has been deposited into the Series Principal Funding Account or if the Class A Invested Amount has been paid in full, an amount equal to the Class B Controlled Accumulation Amount or the Class B Controlled Amortization Amount, as applicable, shall be deposited into the Series Principal Funding Account or Series Distribution Account, as applicable.

  • Funding Reallocation Account for the payment of the Class B Controlled Accumulation Amount Shortfall or Class B Controlled Amortization Amount Shortfall, as applicable .

  • The amount by which the Class B Controlled Accumulation Amount or Class B Controlled Amortization Amount exceeds such deposit shall be the "Class B Controlled Accumulation Amount Shortfall" or the "Class B Controlled Amortization Amount Shortfall," respectively.


More Definitions of Class B Controlled Amortization Amount

Class B Controlled Amortization Amount means $17,045,333.33.
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Class B Controlled Amortization Amount for any Due Period related to the Controlled Amortization Period shall mean $30,400,000; provided, however, that such amount shall be adjusted downward to reflect (i) any reduction to the Class B Investor Interest as a result of any cancellation of Class B Certificates pursuant to Section 4.16 and (ii) any principal payments to the Class B Certificateholders pursuant to subsection 4.9(h), so that such amount shall be equal to the outstanding principal amount of the Class B Certificates as of the last day of the Due Period prior to the commencement of the Controlled Amortization Period.
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Class B Controlled Amortization Amount means, with respect to any Related Month during the Series 2020-2 Controlled Amortization Period, $9,100,000.
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Class B Controlled Amortization Amount means, with respect to any Related Month during the Series 2022-5 Controlled Amortization Period, $11,060,000.
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Class B Controlled Amortization Amount means with respect to any Payment Date during the Series 2021-A Controlled Amortization Period, one-half of the Class B Initial Principal Amount.
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Class B Controlled Amortization Amount means, with respect to any Related Month during the Series 2019-2 Controlled Amortization Period, $10,400,000.
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Class B Controlled Amortization Amount means, for any distribution date with respect to the Controlled Amortization Period occurring after the November 2003 distribution date, the sum of:
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