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 Payment Date, the product of one-twelfth of the Class A-4 Interest Rate, the number of days from the Closing Date (assuming the month of the Closing Date has 30 days) through the day before the first Payment Date divided by 30 and the Class A-4 Note Balance at the Closing Date and (ii) for any subsequent Payment Date, the product of one-twelfth of the Class A-4 Interest Rate and the Class A-4 Note Balance as of the immediately preceding Payment Date (after giving effect to any distribution of Monthly Principal made on such immediately preceding Payment Date).

Examples of Class A-4 Monthly Interest in a sentence

Additional Note Interest related to Class A-4 Monthly Interest $ 0.00 o.
Interest Due on Additional Note Interest related to Class A-4 Monthly Interest $ 0.00 ------------------- p.
Interest Due on Additional Note Interest related to Class A-4 Monthly Interest $ 0.00 -------------------- p.
Interest Due on Additional Note Interest related to Class A-4 Monthly Interest $ 0.00 ----------------------- p.
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More Definitions of Class A-4 Monthly Interest

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).

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, for any Payment Date, the product of (x) one twelfth of the Class A-4 Interest Rate 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 Payment Date, the product of (x) one twelfth of the Class A-4 Interest Rate, (y) the number of days from the Closing Date through the day before the first Payment Date divided by 30 (assuming the month of the Closing Date has 30 days) and (z) the Class A-4 Note Balance at the Closing Date and (ii) for any subsequent Payment Date, the product of (x) one-twelfth of the Class A-4 Interest Rate and (y) the Class A-4 Note Balance as of the immediately preceding Payment Date (after giving effect to any distribution of Monthly Principal made on such immediately preceding 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, with respect to any Series 2003-4 Interest Period, an amount equal to the product of (A) the Class A-4 Invested Amount on the first day of such Series 2003-4 Interest Period, after giving effect to any principal payments made on such date, (B) the Class A-4 Note Rate for such Series 2003-4 Interest Period and (C) the number of days in such Series 2003-4 Interest Period divided by 360.

Class A-4 Monthly Interest. As to any Distribution Date, the amount of interest distributable to Holders of the Class A-4 Certificates on such Distribution Date, which amount shall be equal to (i) in the case of the April 1997 Distribution Date, 30 days' interest on the Original Class A-4 Certificate Principal Balance computed at the Class A-4 Pass-Through Rate and (ii) in the case of each subsequent Distribution Date, 30 days' interest on the Class A-4 Certificate Principal Balance as of the preceding Distribution Date (after giving effect to any distributions made in reduction of the Class A-4 Certificate Principal Balance on such preceding Distribution Date) computed at the Class A-4 Pass-Through Rate, in either case net of any Interest Shortfall. Class A-4 Pass-Through Rate: 7.61% per annum.