Common use of Determination of Monthly Interest; Interest Funding Account Clause in Contracts

Determination of Monthly Interest; Interest Funding Account. (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be 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 immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the Class A Certificate Rate and (ii) the outstanding principal balance of the Class A Certificates as of close of business on the last day of the preceding Monthly Period (or, in the case of the first Distribution Date, the Closing Date). On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date. If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") 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 immediately preceding Distribution Date to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the sum of (x) the Class A Certificate Rate and (y) 2.0% per annum and (ii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders or deposited in the Interest Funding Account with respect to the Class A Certificates) shall be payable as provided herein with respect to the Class A Certificates. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law.

Determination of Monthly Interest; Interest Funding Account. (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to [one-twelfth of] the product of (i) [(A) a fraction, the numerator of which is in the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date related Interest Period and the denominator of which is 360, times (B) )] the Class A Certificate Rate and (ii) [the outstanding principal balance sum of (A)] the Class A Invested Amount [and (B) [the product of the Class A Certificates Floating Percentage and] the Pre-Funding Amount, each] as of close of business on the last day of the preceding Monthly Period (orPeriod; PROVIDED, in the case of HOWEVER, with respect to the first Distribution Date, Class A Monthly Interest shall be equal to $[__________]. [Class A Monthly Interest shall be calculated on the Closing Date). basis of a 360-day year of twelve 30-day months.] On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date (after giving effect to any withdrawal from the [Cash Collateral Account][Credit Enhancement] with respect to such Distribution Date). If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") equal to [one-twelfth) of the product of (i) [(A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date to (but excluding) such Distribution Date related Interest Period and the denominator of which is 360, times (B) the sum of (x) )] the Class A Certificate Rate and (y) 2.0% per annum and (ii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders [or deposited in to the Interest Funding Account with respect to the Class A CertificatesAccount]) shall be payable as provided herein with respect to the Class A CertificatesCertificates on each Distribution Date following such Distribution Date to and including the Distribution Date on which a Class A Interest Shortfall is paid to the Class A Certificateholders. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law.

Determination of Monthly Interest; Interest Funding Account. (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be 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 immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the Class A Certificate Rate and (ii) the outstanding principal balance of the Class A Certificates as of close of business on the last day of the preceding Monthly Period (or, in the case of the first Distribution Date, the Closing Date). On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date. If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") 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 immediately preceding Distribution Date to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the sum of (x) the Class A Certificate Rate and (y) 2.0% per annum and (ii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders or deposited in the Interest Funding Account with respect to the Class A Certificates) shall be payable as provided herein with respect to the Class A Certificates. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law.)

Determination of Monthly Interest; Interest Funding Account. (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be 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 immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but EXHIBIT 3 TO FORM 8-A excluding) such Distribution Date and the denominator of which is 360, times (B) the Class A Certificate Rate and (ii) the outstanding principal balance of the Class A Certificates as of close of business on the last day of the preceding Monthly Period (or, in the case of the first Distribution Date, the Closing Date). On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date. If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") 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 immediately preceding Distribution Date to (but excluding) such Distribution Date and the denominator of which is 360, times (B) the sum of (x) the Class A Certificate Rate and (y) 2.0% per annum and (ii) such Class A Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders or deposited in the Interest Funding Account with respect to the Class A Certificates) shall be payable as provided herein with respect to the Class A Certificates. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law.

Determination of Monthly Interest; Interest Funding Account. (a) The amount of monthly interest ("Class A Monthly Interest") distributable from the Collection Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to [one-twelfth of] the product of (i) [(A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date (or in the case of the first Distribution Date, the Closing Date) to (but excluding) such Distribution Date related Interest Period and the denominator of which is 360, times (B) )] the Class A Certificate Rate and (ii) [the outstanding principal balance sum of (A)] the Class A Invested Amount [and (B) [the product of the Class A Certificates Floating Percentage and] the Pre-Funding Amount, each] as of close of business on the last day of the preceding Monthly Period (orPeriod; provided, in the case of however, with respect to the first Distribution Date, Class A Monthly Interest shall be equal to $[__________]. [Class A Monthly Interest shall be calculated on the Closing Date). basis of a 360-day year of twelve 30-day months.] On the Determination Date preceding each Distribution Date, the Servicer shall determine the excess, if any (the "Class A Interest Shortfall"), of (x) the Class A Monthly Interest for such Distribution Date over (y) the aggregate amount of funds allocated and available to pay such Class A Monthly Interest on such Distribution Date (after giving effect to any withdrawal from the [Cash Collateral Account][Credit Enhancement] with respect to such Distribution Date). If the Class A Interest Shortfall with respect to any Distribution Date is greater than zero, on each subsequent Distribution Date until such Class A Interest Shortfall is fully paid, an additional amount ("Class A Additional Interest") equal to [one-twelfth) of the product of (i) [(A) a fraction, the numerator of which is the actual number of days in the period from (and including) the immediately preceding Distribution Date to (but excluding) such Distribution Date related Interest Period and the denominator of which is 360, times (B) the sum of (x) )] the Class A Certificate Rate and (y) 2.0% per annum and (ii) such Class A 27 Interest Shortfall (or the portion thereof which has not been paid to the Class A Certificateholders [or deposited in to the Interest Funding Account with respect to the Class A CertificatesAccount]) shall be payable as provided herein with respect to the Class A CertificatesCertificates on each Distribution Date following such Distribution Date to and including the Distribution Date on which a Class A Interest Shortfall is paid to the Class A Certificateholders. Notwithstanding anything to the contrary herein, Class A Additional Interest shall be payable or distributed to the Class A Certificateholders only to the extent permitted by applicable law.