Monthly Interest. (a) The amount of monthly interest ("Monthly Interest") with respect to the Series 2000-B Certificates on any Distribution Date, commencing with the Initial Distribution Date, shall be an amount equal to the product of (i) the Certificate Rate, (ii) the outstanding principal balance of the Series 2000-B Certificates as of the close of business on the preceding Distribution Date (after giving effect to all repayments of principal made to Series 2000-B Certificateholders on such preceding Distribution Date, if any) or, in the case of the Initial Distribution Date, the Closing Date and (iii) a fraction, the numerator of which is the actual number of days elapsed in such Interest Period and the denominator of which is 360. On the Determination Date preceding each Distribution Date, commencing with the Initial Distribution Date, the Servicer shall determine the excess, if any (the "Interest Shortfall"), of (x) the aggregate Monthly Interest for the Interest Period applicable to such Distribution Date over (y) the amount which will be available to be distributed to Series 2000-B Certificateholders on such Distribution Date in respect thereof pursuant to this Series Supplement. If the Interest Shortfall with respect to any Distribution Date is greater than zero, an additional amount ("Additional Interest") equal to the product of (i) the Certificate Rate (calculated pursuant to clause (a) of the definition thereof) for the Interest Period commencing on the related Distribution Date (or, for subsequent Interest Periods, the Certificate Rate (calculated pursuant to clause (a) of the definition thereof) for such subsequent Interest Periods), (ii) such Interest Shortfall (or the portion thereof which has not been paid to Series 2000-B Certificateholders) and (iii) a fraction, the numerator of which is the actual number of days elapsed in such Interest Period (or in a subsequent Interest Period) and the denominator of which is 360, shall be payable as provided herein with respect to the Series 2000-B Certificates on each Distribution Date following such Distribution Date to and including the Distribution Date on which such Interest Shortfall is paid to Series 2000-B Certificateholders. Notwithstanding anything to the contrary herein, Additional Interest shall be payable or distributed to Certificateholders only to the extent permitted by applicable law.
Monthly Interest. An amount equal to Monthly Interest for the Distribution Period, plus any Monthly Interest due with respect to any prior Distribution Period but not previously distributed to the Series 1997-1 Certificateholders on a prior Distribution Date, plus to the extent permitted by law, additional interest at the Certificate Rate for such Distribution Period that has accrued on Monthly Interest that was due pursuant to this clause (ii) but was not previously distributed to the Series 1997-1 Certificateholders on a prior Distribution Date shall be deposited in the Distribution Account.
Monthly Interest. (a) The amount of interest accrued on the outstanding principal balance during an Interest Period with respect to the Class A Notes (the "Class A Monthly Interest") shall be an amount equal to the product of (i) the Class A Note Rate, (ii) the outstanding principal balance of the Class A Notes as of the close of business on the preceding Payment Date (after giving effect to all repayments of principal made to Class A Noteholders on such preceding Payment Date, if any) and (iii) a fraction, the numerator of which is the actual number of days elapsed in such Interest Period and the denominator of which is 360.
Monthly Interest. The amount of monthly interest ("Class A Monthly Interest") with respect to the Class A Certificates on any Distribution Date shall be an amount determined by the Program Agent in accordance with the Certificate Purchase Agreement and the Program Agent shall give notice thereof to the Seller and the Servicer at least two Business Days prior to the related Determination Date. On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the aggregate Class A Monthly Interest for the Interest Period applicable to such Distribution Date over (y) the amount that will be available in the Series 1997-1 Trustee's Account on such Distribution Date in respect thereof pursuant to this Series Supplement. If, on any Distribution Date there exists a Class A Interest Shortfall, then an additional amount ("Class A Additional Interest") determined by the Program Agent in accordance with the Certificate Purchase Agreement shall be payable as provided herein with respect to the Class A Certificates on each Distribution Date following such Distribution Date to and including the Distribution Date on which such Class A Interest Shortfall is paid or deposited in the Series 1997-1 Trustee's Account. Notwithstanding anything to the contrary herein, the Servicer shall instruct the Trustee to pay Class A Additional Interest to Class A Certificateholders only to the extent permitted by applicable law.
Monthly Interest. Beginning with the first Business Day of the month following the Effective Date, and on the first business day of each succeeding month thereafter, notwithstanding anything in the Notes or the Note Agreement to the contrary, the Company shall pay interest in respect of the outstanding principal balance of the Notes monthly in arrears at the Applicable Rate and on the basis of a 360 day year of twelve 30 day months.
Monthly Interest. Interest on the Loan shall be due and payable monthly in arrears on the first Business Day of each month (each, a “Monthly Payment” or “Monthly Interest”).
Monthly Interest. An amount equal to Monthly Interest for the Distribution Date shall be deposited in the Distribution Account.
Monthly Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class B Securityholders, to the extent of any Available Series 1998-1 Finance Charge Collections remaining after giving effect to the application pursuant to subsection 4.9(a)(i) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-1 Finance Charge Collections and (y) the excess of (1) the sum of Class B Monthly Interest for the Interest Accrual Period beginning in such Monthly Period and Carryover Class B Monthly Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class B Monthly Interest that constitutes Class B Additional Interest shall be payable or distributable to Class B Securityholders only to the extent permitted by applicable law.
Monthly Interest. (a) The amount of monthly interest ("Monthly Interest") with respect to the Series 1995-5 Certificates on any Distribution Date, commencing with the Initial Distribution Date, shall be an amount equal to the product of (i) the Certificate Rate, (ii) the outstanding principal balance of the Series 1995-5 Certificates as of the close of business on the preceding Distribution Date (after giving effect to all repayments of principal made to the Series 1995-5 Certificateholders on such preceding Distribution Date, if any) or, in the case of the Initial Distribution Date, the Initial Principal Amount on the Closing Date and (iii) a fraction, the numerator of which is the actual number of days elapsed in such Interest Period and the denominator of which is 360. On the Determination Date preceding each Distribution Date, commencing with the Initial Distribution Date, the Servicer shall determine the excess, if any (the "Interest Shortfall"), of (x) the aggregate Monthly Interest for the Interest Period applicable to such Distribution Date over
Monthly Interest. An amount equal to the lesser of (x) the Available Series 2008-1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.6(a)(i) through (v) and (y) the sum of Monthly Interest and Carryover Interest shall be paid to the Collateral Certificateholder in accordance with Section 5.1.
