CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT definition

CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT. As to any Distribution -------------------------------------------- Date, an amount equal to the sum of (a) interest for the related Accrual Period at the Class B Pass-Through Rate on the Class B Principal Balance as of such Distribution Date (before giving effect to the distribution on such Distribution Date), net of Net Interest Shortfall, if any, allocated to the Class B Certificates pursuant to Section 6.01 in respect of such Distribution Date, and (b) any Class B Unpaid Interest Shortfall for such Distribution Date.
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CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT the interest entitlement above for the Class A and Class B Certificates with respect to each Distribution Date shall be reduced by the amount of Net Interest Shortfall for such Distribution Date allocable to each such Class. Net Interest Shortfall on any Distribution Date will be allocated pro rata among the Class A and Class B Certificates based on the amount of interest each such Class of Certificates would otherwise be entitled to receive on such Distribution Date.
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CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT the interest entitlement above for the Class A and Class B Certificates with respect to each Distribution Date shall be reduced by the amount of Net Interest Shortfall for such Distribution Date allocable to each such Class. Net Interest Shortfall on any Distribution Date will be allocated pro rata among the Class A and Class B Certificates based on the amount of interest each such Class of Certificates would otherwise be entitled to receive on such Distribution Date. On the Closing Date, the Company will cause to be deposited into the Distribution Account an amount equal to interest accrued for 26 days on the Pre-Funded Amount at the weighted average of the initial Class A Pass-Through Rate and the initial Class B Pass-Through Rate.
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More Definitions of CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT

CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT. As to any Distribution Date, an amount equal to the sum of (a) interest for the related Accrual Period at the Class B Pass-Through Rate on the Class B Principal Balance as of such Distribution Date (before giving effect to the distribution on such Distribution Date), net of the Net Interest Shortfall, if any, allocated to the Class B Certificates pursuant to Section 6.01 in respect of such Distribution Date, (b) any Class B Unpaid Interest Shortfall for such Distribution Date, (c) interest for the related Accrual Period at the Class B Pass-Through Rate (to the extent legally permitted) on any Class B Unpaid Interest Shortfall for such Distribution Date; and (d) any Basis Risk Carryover Amount allocated to the Class B Certificates pursuant to Section 6.04 respect of such Distribution Date.
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CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT. As to any Distribution Date, an amount equal to the sum of (a) interest for the related Accrual Period at the Class B Pass-Through Rate on the Class B Principal Balance as of such Distribution Date (before giving effect to the distribution on such Distribution Date), net of Net Interest Shortfall, if any, allocated to the Class B Certificates pursuant to Section 6.01 in respect of such Distribution Date, and (b) any Class B Unpaid Interest Shortfall for such Distribution Date, and (c) any Basis Risk Carryover Amount allocated to the Class B Certificates pursuant to Section 5.15 in respect of such Distribution Date.
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CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT the interest entitlement above for the Class A and Class B Certificates with respect to each Distribution Date shall be reduced by the amount of Net Interest Shortfall for such Distribution Date allocable to each such Class. Net Interest Shortfall on any Distribution Date will be allocated pro rata among the Class A and Class B Certificates based on the amount of interest each such Class of Certificates would otherwise be entitled to receive on such Distribution Date. On the Business Day preceding the first Distribution Date, the Company will cause to be deposited into the Distribution Account an amount equal to interest accrued for 11 days on the Pre-Funded Amount at the initial Class A Pass-Through Rate.
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Related to CLASS B INTEREST FORMULA DISTRIBUTION AMOUNT

  • Class B-6 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-6 Certificates pursuant to Paragraphs twentieth, twenty-first and twenty-second of Section 4.01(a).

  • Class B-4 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-4 Certificates pursuant to Paragraphs fourteenth, fifteenth, and sixteenth of Section 4.01(a).

  • Class B-5 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-5 Certificates pursuant to Paragraphs seventeenth, eighteenth, and nineteenth of Section 4.01(a).

  • Class B-2 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-2 Certificates pursuant to Paragraphs eighth, ninth and tenth of Section 4.01(a).

  • Class B Distribution Amount Any of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 or Class B-6 Distribution Amounts.