Class A-3 Interest Distributable Amount definition

Class A-3 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‑3 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‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.
Class A-3 Interest Distributable Amount means, with respect to any Payment Date, the sum of the Class A-3 Monthly Interest Distributable Amount and the Class A-3 Interest Carryover Shortfall for such Payment Date.
Class A-3 Interest Distributable Amount. With respect to any Distribution Date, the sum of the Class A-3 Monthly Interest Distributable Amount for such Distribution Date and the Class A-3 Interest Carryover Shortfall for such Distribution Date. CLASS A-3 INTEREST RATE: 6.300% per annum.

Examples of Class A-3 Interest Distributable Amount in a sentence

  • Payment of Class A-3 Interest Distributable Amount from Reserve Account $ -- 8.

  • Payment of Class A-3 Interest Distributable Amount from Available Funds $ 1,055,450.00 7.

  • Payment of Class A-3 Interest Distributable Amount from Reserve Account $ - 8.

  • Payment of Class A-3 Interest Distributable Amount from Available Funds $ 1,277,250.00 7.

  • 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.


More Definitions of Class A-3 Interest Distributable Amount

Class A-3 Interest Distributable Amount means, with respect to any Distribution Date, the product of (i) one- twelfth of the Class A-3 Certificate Rate or, in the case of the first Distribution Date, two-thirds of such amount, and (ii) the Class A-3 Certificate Balance as of the immediately preceding Distribution Date (after giving effect to changes in the Class A-3 Certificate Balance made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, the Initial Class A-3 Certificate Balance.
Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Collection Period on the outstanding principal amount of the Class A-3 Notes at the Class A-3 Rate as of the immediately preceding Distribution Date (after giving effect to distributions of principal made on such immediately preceding Distribution Date) or, in the case of the first Distribution Date, on the initial principal amount of the Class A-3 Notes as of the Closing Date.
Class A-3 Interest Distributable Amount. With respect to any Distribution Date, the sum of the Class A-3 Monthly Interest Distributable Amount for such Distribution Date and the Class A-3 Interest Carryover Shortfall for such Distribution Date.
Class A-3 Interest Distributable Amount means, with respect to any Monthly Allocation Date, (a) the product of (i) one-twelfth of the Class A-3 Rate (or in the case of the first Monthly Allocation Date, of 0.27778% of the Class A-3 Rate) and (ii) the Class A-3 Certificate Balance as of the immediately preceding Monthly Allocation Date (after giving effect to changes in the Class A-3 Certificate Balance made on such immediately preceding Monthly Allocation Date) or, in the case of the first Monthly Allocation Date, the Initial Class A-3 Certificate Balance, plus (b) interest accrued during such period at the Class A-3 Rate on unreimbursed Class A-3 Certificate Principal Loss Amounts.
Class A-3 Interest Distributable Amount means, with respect to any Distribution Date, the product of (i) the Class A-3 Note Rate (ii) the Class A-3 Note Balance as of the immediately preceding Distribution Date (after giving effect to changes in the Class A-3 Note Balance made on such immediately preceding Distribution Date) and (iii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date (or, in the case of the first Distribution Date, the Closing Date) to but excluding the related Distribution Date, and the denominator of which is 360.
Class A-3 Interest Distributable Amount means, with respect to any Distribution Date, interest accrued for the related Accrual Period, at the Class A-3 Note Rate on the Class A-3 Note Balance as of the last day of the immediately preceding Collection Period. Interest shall be computed on the basis of a 360-day year of twelve 30-day months for purposes of this definition.
Class A-3 Interest Distributable Amount means, for any Distribution Date, the sum of (x) the Class A-3 Monthly Interest Distributable Amount for such Distribution Date, plus (y) the Class A-3 Interest Carryover Shortfall for such Distribution Date.