Class B Floating Allocation definition

Class B Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B Adjusted Investor Interest as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Investor Interest as of the close of business on such day; provided, however, that, with respect to the first Monthly Period, the Class B Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Investor Interest and the denominator of which is the Initial Investor Interest.

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Class B Floating Allocation means, with respect to

Class B Floating Allocation means, with respect to any monthly period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction:

Examples of Class B Floating Allocation in a sentence

The share of the Investor Servicing Fee allocable to the Class B Investor Interest with respect to any Transfer Date (the "Class B Servicing Fee") shall be equal to one-twelfth of the product of (i) the Class B Floating Allocation, (ii) the Net Servicing Fee Rate and (iii) the Adjusted Investor Interest as of the last day of the Monthly Period preceding such Transfer Date.
The share of the Investor Servicing Fee allocable to the Class B Investor Interest with respect to any Transfer Date (the "Class B Servicing Fee") shall be equal to one-twelfth of the product of (i) the Class B Floating Allocation, (ii) the Net Servicing Fee Rate and (iii) the Adjusted Investor Interest as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Class B Servicing Fee shall be equal to $46,875.
The share of the Investor Servicing Fee allocable to the Class B Investor Interest with respect to any Transfer Date (the "Class B Servicing Fee") shall be equal to one-twelfth of the product of (i) the Class B Floating Allocation, (ii) the Net Servicing Fee Rate and (iii) the Adjusted Investor Interest as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Class B Servicing Fee shall be equal to $99,609.38.
Upon the occurrence of any Class B Incremental Funding, the Class B Floating Allocation Percentage, the Class B Investor Interest, the Floating Allocation Percentage, the Class B Funded Amount and the Investor Interest shall increase as provided herein.
The share of the Investor Servicing Fee allocable to the Class B Investor Interest with respect to any Transfer Date (the "Class B Servicing Fee") shall be equal to one- twelfth of the product of (i) the Class B Floating Allocation, (ii) the Net Servicing Fee Rate and (iii) the Adjusted Investor Interest as of the last day of the Monthly Period preceding such Transfer Date; provided, however, that with respect to the first Transfer Date, the Class B Servicing Fee shall be equal to $138,020.83.

More Definitions of Class B Floating Allocation

Class B Floating Allocation means, with respect to any Due Period (including any day within such Due Period), the percentage equivalent (which percentage shall never exceed 100%) of a fraction:

Class B Floating Allocation means, with respect to any Transfer Date, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class B Adjusted Investor Interest and the denominator of which is equal to the Adjusted Investor Interest.

Class B Floating Allocation means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Class B

Class B Floating Allocation. Percentage shall mean, for any Due Period with respect to Principal Receivables during the Revolving Period, with respect to Finance Charge Receivables during the Revolving Period or the Rapid Amortization Period and with respect to the Default Amount at any time, the percentage equivalent of a fraction the numerator of which is equal to the Class B Invested Amount as of the last day of the immediately preceding Due Period (or the Class B Initial Invested Amount, in the case of the first Due Period applicable to Series 1996-A) and the denominator of which is equal to the greater of (i) the sum of the Aggregate Principal Receivables and the amount on deposit in the Excess Funding Account, in each case as of the last day of the immediately preceding Due Period, and (ii) the sum of the numerators used to calculate the invested percentages with respect to Principal Receivables or Finance Charge Receivables and the Default Amount, as applicable, for each class of each Series outstanding as of the date on which such determination is being made.

Class B Floating Allocation is a percentage utilised by the Trustee for the purposes of calculating amounts available to it in respect of payment amounts referable to the Class B Tranche and shall mean, with respect to any Collection Period, the percentage equivalent of a fraction, the numerator of which is the Class B Adjusted Investor Interest as of the close of business on the last day of the preceding Collection Period and the denominator of which is equal to the Series 2019-1 Adjusted Investor Interest as of the close of business on such day, provided, however, that, with respect to the first Collection Period, the Class B Floating Allocation shall mean the percentage equivalent of a fraction, the numerator of which is the Class B Initial Investor Interest and the denominator of which is the Series 2019-1 Initial Investor Interest;

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