Common use of Determination of Monthly Interest Clause in Contracts

Determination of Monthly Interest. (a) The amount of monthly interest distributable in respect of the Class A-1 Certificates on each Distribution Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (ii) the Class A-1 Certificate Rate in effect with respect to the related Interest Period, and (iii) the outstanding principal amount of the Class A-1 Certificates determined as of the Record Date preceding such Distribution Date (the “Class A-1 Monthly Interest”); provided, that in addition to Class A-1 Monthly Interest an amount equal to the amount of any unpaid Class A-1 Deficiency Amounts, as defined below, plus an amount equal to the product of (A) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (B) the sum of the Class A-1 Certificate Rate in effect with respect to the related Interest Period, and 1.0% per annum, and (C) any Class A-1 Deficiency Amounts from the prior Distribution Date, as defined below, or the portion thereof which has not theretofore been paid to Class A-1 Certificateholders (the “Class A-1 Additional Interest”), shall also be distributable in respect of the Class A-1 Certificates. The “

Determination of Monthly Interest. (a) The amount of monthly interest distributable in respect of to the Class A-1 A Certificates on each Distribution Date shall be an amount equal to the product of (ii)(A) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, times (iiB) the Class A-1 A Certificate Rate in ----- effect with respect to the related Interest Period, and (iiiii) the outstanding principal amount balance of the Class A-1 A Certificates determined as of the Record close of business on the Distribution Date preceding such Distribution the related Transfer Date (after giving effect to all of the “transactions occurring on such date) (the "Class A-1 A Monthly Interest”"); provided, however, that with respect to the first -------- ------- Distribution Date, Class A Monthly Interest will include, accrued interest at the Class A Certificate Rate from the Closing Date through January 14, 1998; provided, further, that in addition to Class A-1 A Monthly Interest an amount equal -------- ------- to the amount of any unpaid Class A-1 A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) (1) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (B) the sum of the Class A-1 Certificate Rate in effect with respect to the related Interest Period, and 1.0% per annum, and (C) any Class A-1 Deficiency Amounts from the prior Distribution Date, as defined below, or the portion thereof which has not theretofore been paid to Class A-1 Certificateholders (the “Class A-1 Additional Interest”), shall also be distributable in respect of the Class A-1 Certificates. The “of

Determination of Monthly Interest. (a) The amount of monthly interest distributable in respect of to the Class A-1 A Certificates on each Distribution Date shall be an amount equal to the product of (i) (A) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, times (iiB) (i) the Class A-1 A Certificate Rate in effect with respect to the related Interest Period, and (iiiii) the outstanding principal amount balance of the Class A-1 A Certificates determined as of the Record close of business on the Distribution Date preceding such Distribution the related Transfer Date (after giving effect to all of the “transactions occurring on such date) (the "Class A-1 A Monthly Interest”"); provided, however, that with respect to the first Distribution Date, Class A Monthly Interest will include, accrued interest at the Class A Certificate Rate from the Closing Date through August 15, 1999; provided, further, that in addition to Class A-1 A Monthly Interest an amount equal to the amount of any unpaid Class A-1 A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) (1) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (B) the sum of the Class A-1 Certificate Rate in effect with respect to the related Interest Period, and 1.0% per annum, and (C) any Class A-1 Deficiency Amounts from the prior Distribution Date, as defined below, or the portion thereof which has not theretofore been paid to Class A-1 Certificateholders (the “Class A-1 Additional Interest”), shall also be distributable in respect of the Class A-1 Certificates. The “numerator

Determination of Monthly Interest. (a) The amount of monthly interest distributable in respect of the Class A-1 A Certificates on each Distribution Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (ii) the Class A-1 A Certificate Rate in effect with respect to the related Interest Period, and (iii) the outstanding principal amount of the Class A-1 A Certificates determined as of the Record Date preceding such Distribution Date (the “"Class A-1 A Monthly Interest”"); provided, however, that in addition to Class A-1 A Monthly Interest an amount equal to the amount of any unpaid Class A-1 A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) a fraction, the numerator of which is the Specified Days and the denominator of which is 360, (B) the sum of the Class A-1 A Certificate Rate in effect with respect to the related Interest Period, and 1.0% per annum, and (C) any Class A-1 A Deficiency Amounts from the prior Distribution Date, as defined below, or the portion thereof which has not theretofore been paid to Class A-1 A Certificateholders (the “"Class A-1 A Additional Interest”"), shall also be distributable in respect of the Class A-1 A Certificates. The “"

Determination of Monthly Interest. (a) The amount of monthly interest distributable in respect of to the Class A-1 A Certificates on each Distribution Date shall be an amount equal to the product of (ii)(A) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, times (iiB) the Class A-1 A Certificate Rate in effect with respect to the related Interest Period, and (iiiii) the outstanding principal amount balance of the Class A-1 A Certificates determined as of the Record Date preceding such Distribution the related Transfer Date (the “"Class A-1 A Monthly Interest”"); provided, however, that in addition to Class A-1 A Monthly Interest an amount equal to the amount of any unpaid Class A-1 A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) (1) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, times (B2) the sum of the Class A-1 A Certificate Rate in effect with respect to the related Interest Period, and 1.0plus 2% per annum, and (CB) any Class A-1 A Deficiency Amounts Amount from the prior Distribution Transfer Date, as defined below, below (or the portion thereof which has not theretofore been paid to Class A-1 Certificateholders A Certificateholders) (the “"Class A-1 A Additional Interest”), ") shall also be distributable in respect of to the Class A-1 A Certificates, and on such Transfer Date the Trustee shall deposit such funds, to the extent available, into the Distribution Account. The “"

Determination of Monthly Interest. (a) 1.3.0.1. The amount of monthly interest distributable in respect of the Class A-1 A Certificates on each Distribution Date shall be an amount equal to the product of (i) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, (ii) the Class A-1 A Certificate Rate in effect with respect to the related Interest PeriodRate, and (iii) the outstanding principal amount balance of the Class A-1 A Certificates determined as of the Record Date preceding such Distribution Date (the “"Class A-1 A Monthly Interest”"); provided, however, that with respect to the first Distribution Date, Class A Monthly Interest will be equal to interest accrued on the initial outstanding principal balance of the Class A Certificates at the Class A Certificate Rate from the Closing Date through January 14, 1998; provided further, however, 25 that in addition to Class A-1 A Monthly Interest an amount equal to the amount of any unpaid Class A-1 A Deficiency Amounts, as defined below, plus an amount equal to the product of (A) a fraction, the numerator of which is the Specified Days actual number of days in the related Interest Period and the denominator of which is 360, (B) the sum of the Class A-1 A Certificate Rate in effect with respect to the related Interest PeriodRate, and 1.02.0% per annum, and (C) any Class A-1 A Deficiency Amounts from the prior Distribution Date, as defined below, below (or the portion thereof which has not theretofore been paid to Class A-1 Certificateholders A Certificateholders) (the “"Class A-1 A Additional Interest”), ") shall also be distributable in respect of the Class A-1 A Certificates. The “"