Class A-2 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A-2 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-2 Rate or, in the case of the first Payment Date, on the Class A-2 Initial Principal Balance.
Class A-2 Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class A-2 Monthly Interest Distributable Amount and the Class A-2 Interest Carryover Shortfall for such Payment Date.
Class A-2 Interest Distributable Amount. With respect to any Distribution Date, the sum of the Class A-2 Monthly Interest Distributable Amount for such Distribution Date and the Class A-2 Interest Carryover Shortfall for such Distribution Date.
Examples of Class A-2 Interest Distributable Amount in a sentence
Payment of Class A-2 Interest Distributable Amount from Reserve Account $ -- 8.
Payment of Class A-2 Interest Distributable Amount from Available Funds $ 775,216.67 7.
Payment of Class A-2 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.
Payment of Class A-2 Interest Distributable Amount from Available Funds $ 701,125.00 7.
More Definitions of Class A-2 Interest Distributable Amount
Class A-2 Interest Distributable Amount means (a) with respect to the first Interest Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Initial Principal Amount of the Class A-2 Notes, and (iii) a fraction equal to 28 divided by 360, and (b) with respect to each subsequent Accrual Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Principal Balance of the Class A-2 Notes on the immediately preceding Payment Date, after giving effect to all payments of principal to Class A-2 Noteholders on or prior to such immediately preceding Payment Date, and (iii) a fraction equal to one-twelfth.
Class A-2 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of such Interest Period being assumed to consist of 30 days and a year assumed to consist of 360 days) on the Class A-2 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-2 Rate or, in the case of the first Payment Date, on the Class A-2 Initial Principal Balance.
Class A-2 Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Class A-2 Monthly Interest Distributable Amount for such Distribution Date and the Class A-2 Interest Carryover Shortfall for such Distribution Date. For all purposes of this Agreement and the Basic Documents, interest with respect to the Class A-2 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Class A-2 Interest Distributable Amount means, with respect to any Distribution Date, the product of (i) one- twelfth of the Class A-2 Certificate Rate or, in the case of the first Distribution Date, two-thirds of such amount, and (ii) the Class A-2 Certificate Balance as of the immediately preceding Distribution Date (after giving effect to changes in the Class A-2 Certificate Balance made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, the Initial Class A-2 Certificate Balance.
Class A-2 Interest Distributable Amount means, for any Distribution Date, the sum of (x) the Class A-2 Monthly Interest Distributable Amount for such Distribution Date, plus (y) the Class A-2 Interest Carryover Shortfall for such Distribution Date. "Class A-2 Monthly Interest Distributable Amount" means, with respect to any Distribution Date, interest accrued for the related Accrual Period, at the Class A-2 Note Rate on the Class A-2 Note Balance as of the prior Distribution Date after giving effect to payments made on such Distribution Date or, in the case of the first Distribution Date, as of the Closing Date. Interest shall be computed on the basis of a 360-day year of twelve 30-day months for purposes of this definition.
Class A-2 Interest Distributable Amount means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class A-2 Rate (or in the case of the first Monthly Allocation Date, of -% the Class A-2 Rate) and (ii) the Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class A-2 Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class A-2 Certificate Balance, plus (iii) interest accrued during such period at the Class A-2 Rate on unreimbursed Certificate Principal Loss Amounts previously allocated to the Class A-2. "CLASS A-2 LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the product of (a) the Class A-2 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-2 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 to the Class A-2 Certificateholders pursuant to Section 3.01(d) of the 1997-A Securitization Trust Agreement. "CLASS A-2 RATE" means -% per annum.
Class A-2 Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Class [A-2] Monthly Interest Distributable Amount for such Distribution Date and the Class [A-2] Interest Carryover Shortfall for such Distribution Date.