Class A Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw from the Collection Account and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class A Certificateholders, to the extent of the Series Available Interest Collections for such Business Day, an amount equal to the lesser of (x) the Series Available Interest Collections and (y) the excess of (1) the sum of Class A Monthly Interest and Carryover Class A Interest over (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, the portion of Carryover Class A Interest that constitutes Class A Additional Interest shall be payable or distributable to Class A Certificateholders only to the extent permitted by applicable law.
Class A Interest. On the Effective Date, the Class A Member has made its Initial Capital Contribution in cash in exchange for its Class A Units in an amount set forth in Annex I, which Class A Units comprise one hundred percent (100%) of the Class A Interest. Each Class A Member shall be entitled to the allocations, distributions and other rights as are prescribed for a Class A Member in this Agreement. Each Class A Member’s Capital Account balance as of the Effective Date with respect to its Class A Interest is as indicated on Annex I. The number of Class A Units held by each Class A Member with respect to its Class A Interest as of the Effective Date is the number indicated on Annex I.
Class A Interest. Each Class A Member shall be entitled to the allocations, distributions and other rights as are prescribed for a Class A Member in this Agreement. The Class A Member’s Capital Account balance as of the Effective Date with respect to its Class A Interest is as indicated on Annex I. The number of Class A Units held by the Class A Member with respect to its Class A Interest as of the Effective Date is the number indicated on Annex I.
Class A Interest. After payment of the amounts specified in clauses (i) through (iii) above, the Class A Current Interest Amount and the Class A-IO Current Interest Amount, to be distributed to the Class A and Class A-IO Certificates concurrently (or, if the remaining Interest Funds are not sufficient to pay such amounts in full, the remaining Interest Funds shall be distributed pro rata among the Class A Certificates and the Class A-IO Certificates based upon the ratio of (x) the Class Current Interest Amount for each such Class to (y) the aggregate of the Class Current Interest Amount for all such Classes);
Class A Interest. After payment of the amounts specified in ---------------- clauses (i) through (iii) above, to the Note Distribution Account, the sum of the Class A Interest Amount and any Unpaid Class A Interest Shortfall.
Class A Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall allocate to the Class A Certificates and withdraw first from the Collection Account and then from the Payment Reserve Account and deposit into the Interest Funding Account, to the extent of the Available Series 1997-1 Imputed Yield Collections, an amount equal to the lesser of (x) the Available Series 1997-1 Imputed Yield Collections and (y) the sum of (A) the Class A Interest for such Business Day plus (B) the excess, if any, of the amount required to be deposited pursuant to clause (A) above on each prior Business Day over the amount on deposit in the Interest Funding Account with respect thereto on such Business Day plus (C) an amount equal to the portion of Carryover Class A Interest attributable to amounts required to be deposited pursuant to clause (A) above that were not so deposited prior to such Business Day minus the amounts required to be deposited pursuant to clause (B) above.
Class A Interest. An amount equal to the lesser of (x) the Available Series 1997-1 Finance Charge Collections for such date and (y) the sum of Class A Interest and Carryover Class A Interest shall paid to the Class A Certificateholders in accordance with Section 5.1. Notwithstanding anything to the contrary herein, the portion of Carryover Class A Interest that constitutes Class A Additional Interest shall be payable or distributable to Class A Certificateholders only to the extent permitted by applicable law.
Class A Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall allocate to the Class A Certificates and withdraw first from the Collection Account and then from the Payment Reserve Account and deposit into the Interest Funding Account, to the extent of the Available Series 1997-1 Imputed Yield Collections, an amount equal to the lesser of (x) the Available Series 1997-1 Imputed Yield Collections and (y) the sum of (A) the sum of the Class A Interest and the Carryover Class A Interest for such Business Day plus (B) the excess, if any, of the amount required to be deposited pursuant to clause (A) above on each prior Business Day over the amount on deposit in the Interest Funding Account with respect thereto on such Business Day. Notwithstanding anything to the contrary herein, the portion of Carryover Class A Interest that constitutes Class A Additional Interest shall be payable or distributable to Class A Certificateholders only to the extent permitted by applicable law.
Class A Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account, to the extent of the Daily Cap Proceeds Amount for such Business Day, and then from the Collection Account and deposit into the Interest Funding Account for distribution on the next Distribution Date to the Class A Certificateholders, to the extent of the Available Series 1995-1 Finance Charge Collections for such Business Day, an amount equal to the lesser of (x) the Available Series 1995-1 Finance Charge Collections and (y) the excess of (1) the sum of Class A Interest and Carryover Class A Interest OVER (2) any amounts with respect thereto previously deposited into the Interest Funding Account on any prior Business Day during such Monthly Period. Notwithstanding anything to the contrary herein, Carryover Class A Interest shall be payable or distributable to Class A Cer tificateholders only to the extent permitted by applicable law.
Class A Interest. On each Business Day during a Monthly Period, the Trustee, acting in accordance with instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account and pay to the Class A Securityholders on such Business Day, to the extent of the Available Series 1998-1 Finance Charge Col- lections, an amount equal to the lesser of (x) the Available Series 1998-1 Finance Charge Collections and (y) the sum of (A) the lesser of (I) the Class A Interest for such Business Day and (II) the product of (i) the greater of LIBOR then in effect plus 0.75% per annum and 10% per annum and (ii) a fraction the numerator of which is the number of days from and including the preceding Business Day to but excluding such Business Day and the denominator of which is the actual number of days in the then current calendar year and (iii) the Class A Outstanding Principal Balance as of the close of business on the preceding Business Day plus (B) the excess, if any, of the amount payable to the Class A Securityholders pursuant to clause (A) on each prior Business Day over the amount which has been paid to the Class A Securityholders with respect thereto on each prior Business Day.
