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Monthly Interest
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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
.
Sample 1
Sample 2
See All (18)
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Monthly Interest
. An amount
equal to
Monthly
Interest for
the related
Distribution Period
plus
any Monthly
Interest due
with respect to
any prior Distribution Period not
previously
distributed
to
the Series
1995-1
Certificateholders
on a
prior Distribution Date
, plus
to the extent permitted by law
, interest at the
Certificate Rate
that has
accrued
on Monthly Interest that was due
pursuant to
this clause
(i) but was not previously distributed to the Series 1995-1 Certificateholders on a prior Distribution Date shall be
deposited
in
the Distribution Account
.
Sample 1
Sample 2
See All (9)
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Monthly Interest
. The amount of monthly interest ("Monthly Interest")
with respect to
the Series
1996-1
Certificates
on any Distribution Date shall be an amount
equal to
one-
twelfth
of
the product
of (i) the
Certificate Rate
and (ii) the
outstanding principal balance
of the Series 1996-1 Certificates as of the
close of business
on the
preceding
Distribution Date (
after giving
effect
to all
repayments of principal
made to
Certificateholders
on such preceding Distribution Date, if any); provided, however, with respect to the
first Distribution Date
, Monthly Interest shall be equal to $3,055,555.55. Monthly Interest shall be
calculated
on the
basis of
a 360-day
year
of twelve 30-
day months
. On the
Determination Date
preceding each 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 deposited
in the
Interest Funding Account
on such Distribution Date in respect thereof pursuant to this
Series Supplement
. If, on any
SemiAnnual Payment Date
or any
Special Payment Date
, an amount
covering
any Interest Shortfall for any
prior Distribution Date
shall not have been deposited into the Interest Funding Account
pursuant to Section
4.06(a)(i), then an
additional amount
("
Additional Interest
") equal to one-twelfth of the product of (i) the Certificate Rate
plus
two
percentage points
and (ii) such Interest Shortfall (or the
portion
thereof which has not been
paid
or deposited in the Interest Funding Account) shall be payable as
provided herein
with respect to the Series 1996-1 Certificates on each Distribution Date
following
such Distribution Date to and
including
the Distribution Date
on which such Interest Shortfall is paid or deposited in the Interest Funding Account.
Notwithstanding anything to the contrary
herein, Additional Interest shall be
payable to
the Interest Funding Account or
distributed
to Series 1996-1 Certificateholders only
to the extent permitted by applicable law
.
Sample 1
See All (6)
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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.
Sample 1
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Monthly Interest
. The amount of monthly interest ("Monthly Interest")
with respect to
the Series
1997-1
Certificates
on any Distribution Date,
commencing
with the
Initial Distribution Date
, shall be an amount
equal to
1/12 of
the product
of (i) the
Certificate Rate
and (ii) the
outstanding principal balance
of the Series 1997-1 Certificates as of the
close of business
on the
preceding
Distribution Date (
after giving
effect
to all
repayments of principal
made to Series 1997-1
Certificate holders
on such preceding Distribution Date, if any);
provided
, however,
in the event that the
Series 1997-1 Certificates are still outstanding
following the
Expected Payment Date
, then the amount of Monthly Interest with respect to the Series 1997-1 Certificates on any Distribution Date thereafter shall be an amount equal to the product of (i) the Certificate Rate, (ii) the outstanding principal balance of the Series 1997-1 Certificates as of the close of business on the preceding Distribution Date (after giving effect to all repayments of principal made to Series 1997-1
Certificateholders
on such preceding Distribution 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. 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 1997-1 Certificateholders on such Distribution Date in respect thereof
pursuant to
this Series
Sample 1
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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”).
Sample 1
Sample 2
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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
.
Sample 1
Sample 2
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Monthly Interest
. An amount
equal to
Monthly
Interest for
the Distribution Date
shall be
deposited
in
the Distribution Account
.
Sample 1
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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
.
Sample 1
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Monthly Interest
.
Section
2.07(a) of
the Credit Agreement
is
amended
by:
Sample 1
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