Certificate Interest Distributable Amount definition

Certificate Interest Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Interest Distributable Amount for such Payment Date and the Certificate Interest Carryover Shortfall for such Payment Date.
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Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of (i) an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the Original Certificate Balance) and (ii) the Certificate Interest Carryover Shortfall for such Distribution Date.
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Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of the Certificate Quarterly Interest Distributable Amount for such Distribution Date and the Certificate Interest Carryover Shortfall for such Distribution Date. Interest with respect to the Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of this Agreement and the other Basic Documents.
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More Definitions of Certificate Interest Distributable Amount

Certificate Interest Distributable Amount means, with respect to any Distribution Date, an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Principal Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the original Certificate Principal Balance).
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Certificate Interest Distributable Amount means, with respect to any Distribution Date, the sum of (i) an amount equal to the interest accrued during the related Interest Accrual Period at the Certificate Rate on the Certificate Balance on the immediately preceding Distribution Date, after giving effect to all distributions of principal on or prior to such Distribution Date (or, in the case of the first Distribution Date, the original Certificate Balance) and ii) the Certificate Interest Carryover Shortfall for such Distribution Date. Interest with respect to the Certificates shall be computed on the basis of a 360-day year consisting of twelve 30-day months for all purposes of this Agreement and the other Basic Documents.
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Certificate Interest Distributable Amount. For any Distribution Date, the sum of (i) thirty (30) days of interest at the Certificate Rate on the Certificate Balance on such Distribution Date (before reduction of the Certificate Balance by any distributions made on such Distribution Date), (ii) the Certificate Interest Carryover Shortfall and (iii) interest on the Certificate Interest Carryover Shortfall at the Certificate Rate from the preceding Distribution Date through the current Distribution Date, to the extent permitted by law. Certificate Percentage: 91%.
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Certificate Interest Distributable Amount. For any Distribution Date, the sum of (i) thirty (30) days of interest (or, in the case of the initial Distribution Date, the number of days from and including the Closing Date to but not including such initial Distribution Date) at the Certificate Rate on the Certificate Balance on such Distribution Date (before reduction of the Certificate Balance by any distributions made on such Distribution Date), (ii) the Certificate Interest Carryover Shortfall and (iii) interest on the Certificate Interest Carryover Shortfall at the Certificate Rate from the preceding Distribution Date through the current Distribution Date, to the extent permitted by law. Certificate Percentage: 91%.
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Certificate Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Period at the Certificate Rate on the Certificate Balance on the immediately preceding Payment Date after giving effect to all payments of principal to Certificateholders on or prior to such Payment Date (or, in the case of the first Payment Date, on the Original Certificate Balance).
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Certificate Interest Distributable Amount means [the Certificate Interest Amount] [insert Certificate Interest Distributable Amount formula].
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Related to Certificate Interest Distributable Amount

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Certificate Principal Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Monthly Principal Distributable Amount for each Payment Date and any outstanding Certificate Principal Carryover Shortfall as of the close of the immediately preceding Payment Date; provided, however, that the Certificate Principal Distributable Amount shall not exceed the Certificate Balance. In addition, on the Payment Date as of which all of the Receivables are to be purchased pursuant to Section 8.01, the principal required to be deposited into the Certificate Distribution Account will include the amount necessary to reduce the Certificate Balance to zero.

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Certificate Distributable Amount means, with respect to any Payment Date, the sum of the Certificate Interest Distributable Amount and the Certificate Principal Distributable Amount for such Payment Date.

  • Certificate Monthly Principal Distributable Amount means, with respect to any Payment Date, the Certificate Percentage of the Principal Distributable Amount for such Payment Date.