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Collateral Monthly Interest definition

Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.06(c).
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Collateral Monthly Interest shall have the meaning specified in subsection 4.02(c).
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Collateral Monthly Interest shall have the meaning specified in --------------------------- Section 4.04 of the Agreement.
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Examples of Collateral Monthly Interest in a sentence

  • Base Rate (Class A Monthly Interest, Class B Monthly Interest, Collateral Monthly Interest and Investor Servicing Fee divided by Investor Interest.

  • On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Collateral Interest Shortfall") equal to (x) the aggregate Collateral Monthly Interest for such Distribution Date minus (y) the aggregate amount of funds allocated and available to pay such Collateral Monthly Interest on such Distribution Date.

  • On each Transfer Date, the Trustee shall pay to the Collateral Interest Holder the Collateral Monthly Interest, to the extent funds are available.

  • The amount of the current monthly distribution in respect of any accrued and unpaid Collateral Monthly Interest..................................

  • The amount of the current monthly distribution in respect of Collateral Monthly Interest....


More Definitions of Collateral Monthly Interest

Collateral Monthly Interest means, with respect to any Transfer --------------------------- Date, an amount equal to the product of (i) the Collateral Rate with respect to the related Interest Accrual Period, (ii) the Collateral Interest as of the preceding Distribution Date (after giving effect to all payments, deposits and withdrawals on such Distribution Date) or, for the first Transfer Date, the Initial Collateral Interest, and (iii) the actual number of days in the related Interest Accrual Period divided by 360.
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Collateral Monthly Interest means, with respect to any Distribution Date, an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the period from and including the preceding Distribution Date to but excluding such Distribution Date and the denominator of which is 360, times (B) the Collateral Rate and (ii) the Collateral Invested Amount as of the close of business on the last day of the preceding Monthly Period; provided, however, with respect to the first Distribution Date, Collateral Monthly Interest shall be equal to the interest accrued on the Collateral Initial Invested Amount at the Collateral Rate for the period from the Closing Date to but excluding the first Distribution Date.
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Collateral Monthly Interest means the monthly
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Collateral Monthly Interest is defined in Section 4.8(c).
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Collateral Monthly Interest means all amounts in respect of --------------------------- interest payable with respect to any Monthly Period in accordance with Section 2.3 of the Loan Agreement.
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Collateral Monthly Interest means the sum of the CTO --------------------------- Monthly Interest and the Class D Monthly Interest.
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Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.6(c). "Collateral Monthly Principal" shall mean the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.7 (c). "Collateral Rate" shall mean, for any Interest Period, the rate specified in the Loan Agreement. "Controlled Accumulation Amount" shall mean (a) for any Transfer Date with respect to the Controlled Accumulation Period prior to the payment in full of the Class A Investor Interest, $64,583,333.33; provided, however, that if the Accumulation Period Length is determined to be less than 12 months pursuant to subsection 4.9(i), the Controlled Accumulation Amount for each Transfer Date with respect to the Controlled Accumulation Period prior to the payment in full of the Class A Investor Interest will be equal to (i) the product of (x) the Class A Initial Investor Interest and (y) the Accumulation Period Factor for such Monthly Period divided by (ii) the Required Accumulation Factor Number, (b) for any Transfer Date with respect to the Controlled Accumulation Period after payment in full of the Class A Investor Interest but prior to the payment in full of the Class B Investor Interest, an amount equal to the Class B Investor Interest as of such Transfer Date and (c) for any Transfer Date with respect to the Controlled Accumulation Period after payment in full of the Class B Investor Interest, an amount equal to the Collateral Interest as of such Transfer Date. "Controlled Accumulation Period" shall mean, unless a Pay Out Event shall have occurred prior thereto, the period commencing at the close of business on February 28, 2003 or such later date as is determined in accordance with subsection 4.9(i) and ending on the first to occur of (a) the commencement of the Rapid Amortization Period and (b) the Series 1999-1
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