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 Amount Available is not sufficient to pay such amounts in full, the remaining Amount Available 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. The Class A Interest shall have an initial Capital Account equal to the amount set forth on Exhibit B. The Class A Interest shall have no interest in Net Profits or Net Losses.
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. After payment of the amounts specified in clause (i) above, to the Note Distribution Account, the Class A Formula Interest Distribution Amount;
Class A Interest. The amount of targeted monthly interest with respect to the Class A Notes on any Transfer Date (the “Class A Monthly Interest”) shall equal the product of (i)(A) a fraction, the numerator of which is the actual number of days in the period (the “Monthly Interest Period”) from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) the related Distribution Date and the denominator of which is 360, times (B) the Class A Interest Rate, times
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.
