Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on each Class of Class A Notes at the respective 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 the Class A-2 Notes, the Class A-3 Notes and the Class A-4 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 related Class of Notes; · the related Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360. Interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in the related Interest Accrual Period and a 360-day year. The interest due on the Class A-1 Notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class A-1 Notes; · the Class A-1 Interest Rate; and · the actual number of days from and including the previous Payment Date (or, in the case of the initial Payment Date, since the Closing Date) to but excluding the current Payment Date divided by 360.
Class A Noteholders’ Monthly Interest Distributable Amount means, for any Distribution Date and any Class of Class A Notes, the interest accrued at the applicable Interest Rates during the applicable Interest Period on the principal amount of the Notes of each Class of the Class A Notes outstanding as of the end of the prior Distribution Date or, in the case of the first Distribution Date, as of the Closing Date.
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on each Class of Class A Notes at the respective 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 the Class A-2a Notes, the Class A-3 Notes and the Class A-4 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 related Class of Notes; · the related Interest Rate; and
More Definitions of Class A Noteholders’ Monthly Interest Distributable Amount
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the aggregate amount of interest accrued on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes at the Class A-1 Note Interest Rate, the Class A-2 Note Interest Rate, the Class A-3 Note Interest Rate and the Class A-4 Note Interest Rate, respectively, with respect to the Class A-1 Notes, 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 such Distribution Date (based on a 360-day year and the actual number of days elapsed), and, with respect to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, from and including the 25th day of the month preceding such Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date), to but excluding the 25th day of the month of such Distribution Date (in each case based on a 360-day year of twelve 30-day months).
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on each class of Class A Notes at the respective 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 first 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 Classes of Class A Notes (other than the Class A-1 Notes and the Class A-4 Notes) shall be computed on the basis of a 360-day year consisting of twelve 30-day months. Interest with respect to the Class A-1 Notes and the Class A-4 Notes shall be computed on the basis of the actual number of days in the related Interest Accrual Period and a 360-day year. Notwithstanding the foregoing, interest due on the first Payment Date will be $790,020.00 for the Class A-1 Notes, $1,021,440.00 for the Class A-2 Notes, $822,853.33 for the Class A-3 Notes and $1,082,620.00 for the Class A-4 Notes.
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the aggregate amount of interest accrued on the Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes at the Class A-1 Note Interest Rate, the Class A-2 Note Interest Rate and the Class A-3 Note Interest Rate, respectively, with respect to the Class A-1 Notes, 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 such Distribution Date (based on a 360-day year and the actual number of days elapsed), and, with respect to the Class A-2 Notes and the Class A-3 Notes, from and including the 25th day of the month preceding such Distribution Date, to but excluding the 25th day of the month containing such Distribution Date (in each case based on a 360-day year of twelve 30-day months).
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on each class of Class A Notes at the respective 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 first 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 Classes of Class A Notes (other than the Class A-1 Notes) shall be computed on the basis of a 360-day year consisting of twelve 30-day months. Interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in the related Interest Accrual Period and a 360-day year.
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and the Class A Notes, the product of (i)(A) in the case of the Class A-1 Notes, the product of the Interest Rate for such class and a fraction, the numerator of which is the number of days elapsed from and including the prior Distribution Date (or, in the case of the first Distribution Date, from and including [ ]) to but excluding such Distribution Date and the denominator of which is 360 and (B) in the case of each other class of Class A Notes, one-twelfth of the Interest Rate for such class and (ii) the outstanding principal balance of such class on the immediately preceding Distribution Date, after giving effect to all distributions of principal to Noteholders of such class on such Distribution Date (or, in the case of the first Distribution Date, on the Closing Date).
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the aggregate amount of interest accrued on the Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3a Notes and the Class A-3b Notes at the Class A-1 Note Interest Rate, the Class A-2a Note Interest Rate, the Class A-2b Note Interest Rate, the Class A-3a Note Interest Rate and the Class A-3b Note Interest Rate, respectively, with respect to the Class A-1 Notes, the Class A-2b Notes and the Class A-3b Notes, 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 such Distribution Date (based on a 360-day year and the actual number of days elapsed), and, with respect to the Class A-2a Notes and the Class A-3a Notes, from and including the 25th day of the month preceding such Distribution Date (or, in the case of the initial Distribution Date, from and including the Closing Date), to but excluding the 25th day of the month of such Distribution Date (in each case based on a 360-day year of twelve 30-day months).
Class A Noteholders’ Monthly Interest Distributable Amount means, with respect to any Settlement Date, the sum of the interest amounts accrued on the Class A Notes on each day during the related Interest Period. The interest amount accrued on the Class A Notes on any day during any Interest Period shall equal the product of (i) the Class A Note Interest Rate for such day and (ii) the Class A Invested Amount on such day and (iii) 1/360.