Common use of Determination of Monthly Interest Clause in Contracts

Determination of Monthly Interest. (g) The amount of monthly interest distributable from the Finance Charge Account with respect to the Class A Certificates with respect to each Transfer Date shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Class A Certificate Rate in effect with respect to the related Interest Period, times (ii) the outstanding principal balance of the Class A Certificates determined as of the Record Date preceding the related Transfer Date (the "Class A Monthly Interest"); provided, however, that in addition to Class A Monthly Interest an amount equal to the amount of any unpaid Class A Deficiency Amounts, as defined below, plus any Class A Additional Interest, as defined below, shall also be distributable from the Finance Charge Account with respect to the Class A Certificates, and on such Transfer Date the Trustee shall deposit such funds, to the extent available, into the Interest Funding Account for payment to the Class A Certificateholders on the next succeeding Interest Payment Date. The "

Determination of Monthly Interest. (ga) The amount of monthly interest distributable from the Finance Charge Account with respect to the Class A Certificates with respect to each Transfer Date shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Class A Certificate Rate in effect with respect to the related Interest Period, times (ii) the outstanding principal balance of the Class A Certificates determined as of the Record Date preceding the related Transfer Date (the "Class A Monthly Interest"); provided, however, that in addition to Class A Monthly Interest an amount equal to the amount of any unpaid Class A Deficiency Amounts, as defined below, plus any Class A Additional Interest, as defined below, shall also be distributable from the Finance Charge Account with respect to the Class A Certificates, and on such Transfer Date the Trustee shall deposit such funds, to the extent available, into the Interest Funding Account for payment to the Class A Certificateholders on the next succeeding Interest Payment Date. The "

Determination of Monthly Interest. (ga) The amount of monthly interest distributable from the Finance Charge Account with respect to the Class A Certificates with respect to each Transfer Date shall be an amount equal to one- twelfth of the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (Bi) the Class A Certificate Rate in effect with respect to the related Interest PeriodRate, times (ii) the outstanding principal balance of the Class A Certificates determined as of the Record Date preceding the related Transfer Date (the "Class A Monthly Interest"); provided, however, that with respect to the first Distribution Date, Class A Monthly Interest will be equal to $4,757,638.89; provided further, that in addition to Class A Monthly Interest an amount equal to the amount of any unpaid Class A Deficiency Amounts, as defined below, plus an amount equal to one-twelfth of the product of (A) the sum of the Class A Certificate Rate, plus 2% per annum, and (B) any Class A Deficiency Amount from the prior Transfer Date, as defined below (or the portion thereof which has not theretofore been paid to Class A Certificateholders) (the "Class A Additional Interest, as defined below, ") shall also be distributable from the Finance Charge Account with respect to the Class A Certificates, and on such Transfer Date the Trustee shall deposit such funds, to the extent available, into the Distribution Account; provided further, that the "Class A Deficiency Amount" for any Transfer Date shall be equal to the excess, if any, of the aggregate amount accrued pursuant to this subsection 4.06(a) as of the prior Interest Funding Period over the amount actually transferred to the Distribution Account for payment to the of such amount. Class A Certificateholders Monthly Interest shall be calculated on the next succeeding Interest Payment Date. The "basis of a 360-day year consisting of twelve 30-day months.

Determination of Monthly Interest. (ga) The amount of monthly interest distributable from the Finance Charge Account with respect to the Class A Certificates with respect to on each Transfer Distribution Date shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Class A Certificate Rate in effect with respect to the related Interest Period, times and (ii) the outstanding principal balance of the Class A Certificates determined as of the Record Date preceding the related Transfer Date (the "Class A Monthly Interest"); provided, however, that in addition to Class A Monthly Interest an amount equal to the amount of any unpaid Class A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) (1) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (2) the sum of the Class A Certificate Rate in effect with respect to the related Interest Period, plus 2% per annum, and (B) any Class A Deficiency Amount from the prior Transfer Date, as defined below (or the portion thereof which has not theretofore been paid to Class A Certificateholders) (the "Class A Additional Interest, as defined below, ") shall also be distributable from the Finance Charge Account with respect to the Class A Certificates, and on such Transfer Date the Trustee shall deposit such funds, to the extent available, into the Interest Funding Account for payment to the Class A Certificateholders on the next succeeding Interest Payment DateDistribution Account. The "