Interest Distributable Amount. With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.
Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Monthly Interest Distributable Amount and the Interest Carryover Shortfall Amount for that Class of Notes for that Payment Date.
Interest Distributable Amount means, with respect to the 201[__]-[__] ABS Notes and any Payment Date and the related Interest Period, the sum of:
Examples of Interest Distributable Amount in a sentence
For each Payment Date, the amount of interest due with respect to the 2024-A Exchange Note will be equal to the 2024-A Exchange Note Interest Distributable Amount.
The Borrower will pay interest on this 2024-A Exchange Note in an amount equal to the 2024-A Exchange Note Interest Distributable Amount and principal on this 2024-A Exchange Note in an amount equal to the 2024-A Exchange Note Principal Distributable Amount, in each case until the principal of this 2024-A Exchange Note is paid or made available for payment.
More Definitions of Interest Distributable Amount
Interest Distributable Amount. With respect to any Distribution Date and each Class of Certificates (or, with respect to the Class X-1 Certificates, each of the X-1 IO-1 Component and X-1 IO-2 Component and with respect to the Class X-2 Certificates, the X-2 IO Component), the sum of (i) the Monthly Interest Distributable Amount for that Class or Interest-Only Component and (ii) the Unpaid Interest Shortfall Amount for that Class or Interest-Only Component or Components.
Interest Distributable Amount means, with respect to any Distribution Date and a Class of Notes, the sum of the Monthly Interest Distributable Amount and the Interest Carryover Shortfall, in each case for such Class of Notes on such Distribution Date. For all purposes of this Agreement and the other Basic Documents, interest with respect to the (i) Class A-1 Notes shall be computed on the basis of a 360-day year and the actual number of days elapsed since the immediately preceding Distribution Date (or, with respect to the first Distribution Date, from, and including, , 200 ) and (ii) Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Interest Distributable Amount has the meaning specified in the Sale and Servicing Agreement.
Interest Distributable Amount has the meaning specified in the Indenture.
Interest Distributable Amount. With respect to any Distribution Date and each Class of Certificates (other than the Class 1-PO, Class 2-PO and Class 3-PO Certificates), the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.
Interest Distributable Amount means, as of any Distribution Date, the amount of Interest Collections (excluding for purposes of calculating such amount any Required Liquidation Proceeds) remaining after distribution of amounts under clauses 1 through 7 under Section 7.05(a).
Interest Distributable Amount means, with respect to any Payment Date, the product of (A) one-twelfth of the Note Rate and (B) the Note Balance as of the last day of the immediately preceding Collection Period or, in the case of the initial Payment Date, the Original Note Balance; provided, however, that with respect to the initial Payment Date, the amount calculated in accordance with the preceding clause shall be multiplied by a fraction, the numerator of which is the number of days from and including the Closing Date through and including January 30, 1999 and the denominator of which is 30.