Class A-4 Monthly Interest definition

Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).
Class A-4 Monthly Interest means, for any Distribution Date, one-twelfth (or, in the case of the first Distribution Date, the number of days from and including the Closing Date to but excluding the 15th day of the month in which such Distribution Date occurs, assuming each month has 30 days, divided by 360) of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).
Class A-4 Monthly Interest means, (i) for the first Distribution Date, the product of the following: (one twelfth of the Class A-4 Pass-Through Rate) multiplied by (the number of days from the Closing Date (assuming the month of the Closing Date has 30 days) through the day before the first Distribution Date divided by 30) multiplied by the Class A-4 Certificate Balance at the Closing Date and (ii) for any subsequent Distribution Date, one-twelfth of the product of the Class A-4 Pass- Through Rate and the Class A-4 Certificate Balance as of the immediately preceding Distribution Date (after giving effect to any distribution of Monthly Principal made on such immediately preceding Distribution Date).

More Definitions of Class A-4 Monthly Interest

Class A-4 Monthly Interest means, for any Payment Date (except the Initial Payment Date), the product of (i) one-twelfth, (ii) the Class A-4 Note Rate and (iii) the Class A-4 Note Balance on the immediately preceding Payment Date (or, in the case of the Initial Payment Date, the Closing Date) after giving effect to all principal payments on the Class A-4 Notes on such Payment Date. The Class A-4 Monthly Interest shall be calculated based upon a twelve month year of thirty days in each month, except for the Initial Payment Date, for which interest shall accrue from the Closing Date to but excluding such Initial Payment Date.
Class A-4 Monthly Interest means, with respect to any Series 2005-1 Interest Period, an amount equal to the product of (i) the Class A-4 Note Rate for such Series 2005-1 Interest Period, (ii) the Class A-4 Principal Amount on the first day of such Series 2005-1 Interest Period, after giving effect to any principal payments made on such date, or, in the case of the initial Series 2005-1 Interest Period, the Class A-4 Initial Principal Amount and (iii) a fraction, the numerator of which is the number of days in such Series 2005-1 Interest Period and the denominator of which is 360.
Class A-4 Monthly Interest means, (a) with respect to the initial Series 2004-1 Interest Period, an amount equal to the product of (i) the Class A-4 Note Rate, (ii) the Class A-4 Initial Principal Amount and (iii) 25/360 and (b) with respect to any other Series 2004-1 Interest Period, an amount equal to the product of (i) one-twelfth of the Class A-4 Note Rate and (ii) the Class A-4 Principal Amount on the first day of such Series 2004-1 Interest Period, after giving effect to any principal payments made on such date.
Class A-4 Monthly Interest means, for any Payment Date, the product of (x) one twelfth of the Class A-4 Interest Rate or, in the case of the first Payment Date, 19/360 and (y) the Class A-4 Note Balance as of the immediately preceding Payment Date (after giving effect to any payment of Monthly Principal made on such immediately preceding Payment Date) or, in the case of the first Payment Date, the Closing Date.
Class A-4 Monthly Interest means, (i) for the first Distribution Date, the product of the following: one-twelfth of the Class A-4 Pass-Through Rate multiplied by the Class A-4 Certificate Balance at the Closing Date and (ii) for any subsequent Distribution Date, one-twelfth of the product of the Class A-4 Pass-Through Rate and the Class A-4 Certificate Balance as of the
Class A-4 Monthly Interest shall have the meaning specified in subsection 4.02(d).
Class A-4 Monthly Interest. For the initial Payment Date, $95,158.33, and for any Payment Date thereafter, 1/12 of the product of: (i) 5.00% and (ii) the outstanding principal balance of the Class A-4 Notes as of the preceding Payment Date (after giving effect to all principal payments to the holders of the Class A-4 Notes on or before such date).