Class A Interest Distributable Amount definition

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, 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.
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.

Examples of Class A Interest Distributable Amount in a sentence

  • Payment of Class A Interest Distributable Amount from Reserve Account $ -- 3.

  • 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.

  • Payment of Class A Interest Distributable Amount from Reserve Account $ - 3.

  • Class A Interest Distributable Amount Class A-1 Interest $0.00 Class A-2 Interest $548,166.67 Class A-3 Interest $1,831,083.33 4.

  • Class A Interest Distributable Amount Class A-1 Interest $0.00 Class A-2 Interest $548,166.67 Class A-3 Interest $1,831,083.33 5.


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, 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 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, 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); provided, however, that on the first Distribution Date, the Class A Interest Distributable Amount will equal interest at the Class A Pass-Through Rate on the Class A Certificate Balance from and including the Closing Date through and including June 14, 1997.
Class A Interest Distributable Amount means, with respect to any Distribution Date, 30 days of interest at the Class [A] Pass-Through Rate on the Class [A] Certificate Balance on the last day of the preceding Collection Period.
Class A Interest Distributable Amount means, with respect to any Distribution Date, interest accrued from and including the preceding Distribution Date (or, in the case of the first Distribution Date, from the Closing Date) to, but excluding, the current Distribution Date, at the Class A Note Rate on the Class A Note Balance immediately prior to such Distribution Date.
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); provided, however, that on the first Distribution Date, the Class A Interest Distributable Amount will equal interest at the Class A Pass-Through Rate on the Class A Certificate Balance from and including the Closing Date through and including [ ______ ].