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

  • Any shortfall in the payment of interest on the Class A-3 Notes at the Class A-3 Interest Rate due entirely to the failure of the Class A-3 Swap Counterparty to make a required payment under the Class A-3 Swap Agreement will not constitute an Event of Default under the Indenture and upon such an occurrence, the Class A-3 Noteholders will only be entitled to receive the Class A-3 Interest Distributable Amount at the Class A-3 Assumed Fixed Rate.


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) the Class A-3 Note Rate and (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) or, in the case of the first Distribution Date, the Initial Class A-3 Note Balance.
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Class A-3 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-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.
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Class A-3 Interest Distributable Amount means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class A-3 Rate (or in the case of the first Monthly Allocation Date, of -% the Class A-3 Rate) and (ii) the 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 (iii) interest accrued during such period at the Class A-3 Rate on unreimbursed Certificate Principal Loss Amounts previously allocated to the Class A-3. "CLASS A-3 LOSS AMOUNT" means, with respect to any Monthly Allocation Date, the product of (a) the Class A-3 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-3 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-3 Certificateholders pursuant to Section 3.01(d) of the 1997-A Securitization Trust Agreement. "CLASS A-3 RATE" means -% per annum.
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Class A-3 Interest Distributable Amount means, with respect to any Monthly Allocation Date, the product of (i) one-twelfth of the Class A-3 Rate (or in the case of the first Monthly Allocation Date, of the Class A-3 Rate) and (ii) the 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.
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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.
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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.
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Related to Class A-3 Interest Distributable Amount

  • Class A-4 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‑4 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‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 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.

  • Class A Interest Distributable Amount means, with respect to any Distribution Date, the sum of (a) the Class A Monthly Interest for such Distribution Date and (b) the Class A Interest Carryover Shortfall for such Distribution Date.

  • Class B 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 B 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 B Rate or, in the case of the first Payment Date, on the Class B Initial Principal Balance.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.