Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A-1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A-1 Rate or, in the case of the first Payment Date, on the Class A-1 Initial Principal Balance.

Examples of Class A-1 Interest Distributable Amount in a sentence

Payment of Class A-1 Interest Distributable Amount from Reserve Account $ -- 8.
Payment of Class A-1 Interest Distributable Amount from Reserve Account $ - 8.
Payable from Note Interest Distribution Account Class A-1 Interest Distributable Amount $0.00 Class A-2 Interest Distributable Amount $548,166.67 Class A-3 Interest Distributable Amount $1,831,083.33 Class M Interest Distributable Amount $404,181.94 Class B Interest Distributable Amount $557,345.93 h.
On or before the Additional Class A-1 Distribution Date, the Aggregate Class A-1 Interest Distributable Amount and the principal on the Class A-1 Notes shall be transferred from the Collection Account to the Note Distribution Account as and to the extent provided in Section 4.06(f) of the Servicing Agreement.
Calculation of Noteholders' Interest Distributable Amount Class A-1 Interest Distributable Amount $0.00 Class A-2 Interest Distributable Amount $0.00 Class A-3 Interest Distributable Amount $0.00 Class A-4 Interest Distributable Amount $302,502.14 Class A-5 Interest Distributable Amount $545,014.58 Noteholders' Interest Distributable Amount $847,516.72 =============== H.

More Definitions of Class A-1 Interest Distributable Amount

Class A-1 Interest Distributable Amount means, with respect to any Account Period and the related Payment Date, an amount equal to the product of (i) the Class A-1 Interest Rate, (ii) the Principal Balance of the Class A-1 Notes on the immediately preceding Payment Date, after giving effect to all payments of principal to Class A-1 Noteholders on or prior to such immediately preceding Payment Date (or, in the case of the first Payment Date, the Initial Principal Amount of the Class A-1 Notes), and (iii) a fraction equal to the number of days in such Interest Period divided by 360.

Class A-1 Interest Distributable Amount means, with respect to any Distribution Date, the product of (i) one-twelfth of the Class A-1 Certificate Rate or, in the case of the first Distribution Date, two-thirds of such amount, and (ii) the Class A-1 Certificate Balance as of the immediately preceding Distribution Date (after giving effect to changes in the Class A-1 Certificate Balance made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, the Initial Class A-1 Certificate Balance.

Class A-1 Interest Distributable Amount means, for any Distribution Date, the sum of (x) the Class A-1 Monthly Interest Distributable Amount for such Distribution Date, plus (y) the Class A-1 Interest Carryover Shortfall for such Distribution Date.

Class A-1 Interest Distributable Amount means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class A-1 Certificate Rate (or in case of the first Monthly Allocation Date, of -% the Class A-1 Rate) and (ii) the Class A-1 Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class A-1 Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class A-1 Certificate Balance, plus (iii) interest accrued during such period at the Class A-1 Rate on unreimbursed Certificate Principal Loss Amounts previously allocated to the Class A-1. "CLASS A-1 LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the product of (a) the Class A-1 Allocation Percentage, (b) the Investor Percentage with regard to Loss Amounts for the related Collection Period, and (c) the Loss Amount for the related Collection Period. "CLASS A-1 PRINCIPAL DISTRIBUTABLE AMOUNT" means, with respect to any Monthly Allocation Date related to a Collection Period commencing during the Amortization Period, the amount (if any) that is distributable in respect of principal of the Class A-1 Certificates to the Class A-1 Certificateholders pursuant to Section 3.01 (d) of the 1997-A Securitization Trust Agreement. "CLASS A-1 RATE" means -% per annum.

Class A-1 Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Class [A-1] Monthly Interest Distributable Amount for such Distribution Date and the Class [A-1] Interest Carryover Shortfall for such Distribution Date.

Class A-1 Interest Distributable Amount means, with respect to any --------------------------------------- Distribution Date, the sum of the Class A-1 Monthly Interest Distributable Amount for such Distribution Date and the Class A-1 Interest Carryover Shortfall for such Distribution Date. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-1 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.