Class A Interest Distributable Amount definition

Class A Interest Distributable Amount means, with respect to any Distribution Date and each class of Class A Notes, an amount equal to the sum of: (i) the aggregate amount of interest accrued on the Class A Notes at the related Note Rate from and including the preceding Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date) to but excluding the current Distribution Date plus (ii) the related Class A Interest Carryover Shortfall for the current Distribution Date.

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Class A Interest Distributable Amount means, with respect to any Distribution Date, interest accrued from and including the 15th day of the prior month (or, in the case of the first Distribution Date, the Closing Date) to, but excluding the 15th day of the month in which such Distribution Date occurs, at the Class A Note Rate on the Class A Note Balance immediately prior to such Distribution Date. Interest on the Class A Notes shall be due and payable on each Distribution Date and shall be computed on the basis of a 360-day year consisting of twelve 30-day months.

Class A Interest Distributable Amount means, for any Distribution Date, 30 days of interest at the Class A Rate on the Class A Certificate Balance as of the close of business on the last day of the related Collection Period (calculated on the basis of a 360-day year consisting of twelve 30-day months).

Examples of Class A Interest Distributable Amount in a sentence

• To evidence such subrogation, the Note Registrar shall note such Insurer's rights as subrogee upon the Class A Note Register upon receipt from such Insurer of proof of payment by the Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.

• To evidence such subrogation, the Certificate Registrar shall note the Certificate Insurer's rights as subrogee upon the register of Class A Certificateholders upon receipt from the Certificate Insurer of proof of payment by the Certificate Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.

• To evidence such subrogation, the Trustee shall note the Certificate Insurer's rights as subrogee upon the register of Class A Certificateholders upon receipt from the Certificate Insurer of proof of payment by the Certificate Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.

• To evidence such subrogation, the Certificate Registrar shall note the Security Insurer's rights as subrogee upon the register of Class A Certificateholders upon receipt from the Security Insurer of proof of payment by the Security Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.

• To evidence such subrogation, the Note Registrar shall note the Note Insurer's rights as subrogee upon the register of Class A Noteholders upon receipt from the Note Insurer of proof of payment by the Note Insurer of any Class A Interest Distributable Amount or Class A Principal Distributable Amount.

More Definitions of Class A Interest Distributable Amount

Class A Interest Distributable Amount means, with respect to any Distribution Date, the product of one-twelfth of the Class A Pass Through Rate and the Class A Certificate Balance 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, the Original Class A Certificate Balance.

Class A Interest Distributable Amount means, for any ------------------------------------- Distribution Date, the sum of Class A Monthly Interest for such Distribution Date and the Class A Interest Carryover Shortfall for such Distribution Date.

Class A Interest Distributable Amount means, with respect to any Payment Date (other than the first Payment Date), the sum of (i) the product of (A) one-twelfth (or, with respect to the first Payment Date, a fraction, the numerator of which equals the number of days from and including the Closing Date to but excluding the first Payment Date and the denominator of which equals 360) of the Class A Pass-Through Rate and (B) the Class A Certificate Balance as of the immediately preceding Payment Date (after giving effect to distributions of principal made on such immediately preceding Payment Date) or, in the case of the first Payment Date, the Class A Initial Certificate Balance plus (ii) the Class A Interest Carryover Shortfall for such Payment Date.

Class A Interest Distributable Amount means, with respect to any Distribution Date, the product of one-twelfth of the Class A Pass-Through Rate and the Class A Certificate Balance as of the first day of the immediately preceding Collection Period (after giving effect to distributions of principal to be made on the Distribution Date occurring in such immediately preceding Collection Period) or, in the case of the first Distribution Date, the Original Class A Certificate Balance.

Class A Interest Distributable Amount. With respect to any Distribution Date, the sum of (i) thirty (30) days of interest, calculated on the basis of a 360-day year consisting of twelve 30-day months, at the Class A Pass-Through Rate on the Class A Certificate Balance as of the close of business on the last day of the preceding Collection Period and (ii) any outstanding Class A Interest Carryover Shortfall.

Class A Interest Distributable Amount means, for any Distribution Date, an amount equal to thirty (30) days of interest at the Class A Pass-Through Rate on the Class A Certificate Balance as of the close of business on the last day of the related Collection Period (calculated on the basis of a 360-day year consisting of twelve 30-day months).

Class A Interest Distributable Amount. With respect to any Payment Date, interest accrued from and including the 15th day of the prior month (or, in the case of the first Payment Date, the Closing Date) to but excluding the 15th day of the month in which such Payment Date occurs, at the Class A Loan Rate on the Class A Loan Balance immediately prior to such Payment Date. Interest on the Class A Loans shall be due and payable on each Payment Date and shall be computed on the basis of a 360-day year consisting of twelve 30-day months.