Class A Costs definition

Class A Costs means, at any time, any amounts (other than principal payments on the Class A Notes, Class A Monthly Interest, Services Fees or any Target Proceeds Amount) due and owing at such time pursuant to the Class A Purchase Agreement.
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Class A Costs means, with respect to any Distribution Date, the Class A Percentage of the Unused Fee and any amounts owing to the Class A Noteholders pursuant to Article V of the Note Purchase Agreement.
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Class A Costs means with respect to any Business Day, the sum of (a) the increased costs, if any, specified in Section 15 of this Series Supplement, (b) Class A Breakage Costs and (c) the product of (i) a fraction the numerator of which is the actual number of days from but excluding the next preceding Business Day to and including the current Business Day and the denominator of which is the actual number of days in the then current calendar year, (ii) the excess of the Class A Available Commitment over the Class A Invested Amount on such Business Day after giving effect to all transactions on such Business Day and (iii) the sum of (x) .125% multiplied by a fraction, the numerator of which is the portion of the Class A Available Amount which is rated at least A by Standard & Poor's or A2 by Moody's on such Business Day, and the denominator of which is the Class A Available Amount, plus (y) .175% multiplied by a fraction, the numerator of which is the Class A Available Amount minus the portion of the Class A Available Amount which is rated at least A by Standard & Poor's or A2 by Moody's on such Business Day, and the denominator of which is the Class A Available Amount.
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Examples of Class A Costs in a sentence

  • On each Distribution Date, the Paying Agent, in accordance with the Monthly Servicer’s Statement, shall distribute to each Class A Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such Class A Noteholders’ pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Notes and Class A Costs pursuant to this Supplement.

  • The obligation of the Trust and the Trustee to pay any Class A Costs are limited to the funds to be applied pursuant to Article IV.

  • On each Distribution Date, the Paying Agent, in accordance with the Monthly Servicer's Statement, shall distribute to each Class A Noteholder of record on the related Record Date (other than as provided in Section 10.02 of the Indenture) such Class A Noteholders' pro rata share of the amounts held by the Paying Agent that are allocated and available on such Distribution Date to pay interest on the Class A Notes and Class A Costs pursuant to this Supplement.


More Definitions of Class A Costs

Class A Costs means with respect to any Business Day, the sum of (a) the increased costs, if any, specified in Section 15 of this Series Supplement, (b) Class A Breakage Costs and (c) the product of (i) a fraction the numerator of which is the actual number of days from but excluding the next preceding Business Day to and including the current Business Day and the denominator of which is the actual number of days in the then current calendar year, (ii) the excess of the Class A Available Commitment over the Class A Invested Amount on such Business Day after giving effect to all transactions on such Business Day and (iii) .125%.
Sample 1
Class A Costs means with respect to any Business Day, (i) the Series 1998-1 Allocation Percentage of the sum of (x) the Liquidity Bank Increased Costs (as defined in the Collateral Trust Agreement), and (y) any amounts described in subsection 5.3(a)(ii)(I)(a) of the Collateral Trust Agreement, in each case to the extent such amount is due and payable and has not previously been paid, and (ii) (a) the Series 1998-1 Non-Utilized Percentage of any Facility Fees (as defined in the Liquidity Agreement) accrued from and including the preceding Business Day to but excluding such Business Day pursuant to Section 2.9 of the Liquidity Agreement with respect to Unutilized Available Commitments (as defined in the Liquidity Agreement) plus (b) any such Facility Fees allocated to the Class A Security which accrued with respect to prior Business Days but have not been paid pursuant to Section 2.9 of the Liquidity Agreement.
Sample 1
Class A Costs means with respect to any Business Day, (i) the Series 1995-1 Allocation Percentage of the sum of (x) the Liquidity Bank Increased Costs (as defined in the Collateral Trust Agreement), (y) OTC Article VI Costs (as defined in the Collateral Trust Agreement) and (z) any amounts described in subsection 5.3(a)(ii)(I)(a) of the Collateral Trust Agreement, in each case to the extent such amount is due and payable and has not previously been paid, and (ii) (a) the Series 1995-1 Non-Utilized Allocation Percentage of any Commit- ment Fees (as defined in the Liquidity Agreement) accrued from and including the preceding Business Day to but excluding such Business Day pursuant to Section 2.9 of the Liquidity Agreement with respect to Unutilized Avail- able Commitments (as defined in the Liquidity Agreement) plus (b) any such Commitment Fees allocated to the Class A Certificate which accrued with respect to prior Busi- ness Days but have not been paid pursuant to Section 2.9 of the Liquidity Agreement.
Sample 1
Class A Costs means the amounts specified pursuant to subsections 6.2, 6.3, 6.4, 6.5, 6.6 and 6.7 of the Securities Purchase Agreement.
Sample 1

Related to Class A Costs

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • 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 B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-3 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-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • 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 B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • 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 X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Class D 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 D Rate and (B) the outstanding principal balance of the Class D Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class D Notes on or before such preceding Distribution Date).

  • Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.06(c).

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.

  • Class B-3 Distribution Amount As to any Distribution Date, any amount distributable to the Holders of the Class B-3 Certificates pursuant to Paragraphs eleventh, twelfth and thirteenth of Section 4.01(a).

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Class A Interest Distribution Amount means, as to each Class of Class A Certificates and any Remittance Date, the sum of the amounts specified in clause (a)(i), (a)(ii), (a)(iii), (a)(iv), (a)(v) and (a)(vi), as appropriate, of the definition of the term "Class A Formula Distribution Amount" and the Unpaid Class A Interest Shortfall, if any, with respect to such Class.

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

  • Class A Distribution Amount As to any Distribution Date, the aggregate amount distributable to the Subclasses of Class A Certificates pursuant to Paragraphs first, second, third and fourth of Section 4.01(a) on such Distribution Date.

  • Class A Floating Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is equal to the Class A Adjusted Invested Amount as of the close of business on the last day of the preceding Monthly Period and the denominator of which is equal to the Adjusted Invested Amount as of such day; provided, however, that with respect to the first Monthly Period, the Class A Floating Percentage shall mean the percentage equivalent of a fraction, the numerator of which is the Class A Initial Invested Amount and the denominator of which is the Initial Invested Amount.