Stated Class B Credit Enhancement Amount definition

Stated Class B Credit Enhancement Amount means the "stated amount" with respect to the Credit Enhancement that is available solely for the benefit of the Class B Investor Certificates, as set forth in the Series Term Sheet.
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Examples of Stated Class B Credit Enhancement Amount in a sentence

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $21,052,640 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $59,210,550 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $51,315,825 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $42,105,280 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $39,473,700 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

  • The Credit Enhancement Provider hereby makes a term loan to the Trust, for the benefit of the Investor Certificateholders of the Series, on the Series Closing Date in an amount equal to $27,631,650 (which amount is the Stated Class B Credit Enhancement Amount), receipt of which is hereby acknowledged by the Trustee.

Related to Stated Class B Credit Enhancement Amount

  • Class C Reserve Account Percentage means, for any Distribution Date on which a condition in the left column of the following table was in effect on the immediately preceding Distribution Date, the percentage in the corresponding right column of the following table (or if more than one conditions were in effect on the immediately preceding Distribution Date, the largest percentage). Condition: The three-month rolling average Excess Spread Percentage is: Class C Reserve Account Percentage:

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Class Invested Amount means, with respect to any Class for any Distribution Date, an amount equal to the Class Initial Investor Interest minus the sum of (a) the aggregate amount of payments of Certificate Principal paid to such Class of Investor Certificateholders, in each case prior to such Distribution Date, (b) the aggregate amount of Investor Losses of such Class not reimbursed prior to such Distribution Date and (c) the aggregate amount of losses of principal on investments of funds on deposit for the benefit of such Class in the Series Principal Funding Account, if applicable.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.