Interest; Additional Amounts. (a) Subject to Section 4.1 of the Class A Certificate Purchase Agreement, Transferor may from time to time allocate the outstanding principal amount under the Class A Certificates to one ABR Tranche and up to three Eurodollar Tranches (although the total number of tranches may not exceed three at any one time). Interest on each Tranche shall be payable on the Interest Payment Date applicable to such Tranche.
(b) Interest on a Eurodollar Tranche of the Class A Certificates shall accrue during any Interest Period at a rate per annum equal to LIBOR plus the applicable Class A Certificate Spread and shall be calculated on the basis of actual days over a year of 360 days.
(c) Interest on an ABR Tranche of the Class A Certificates shall accrue during any Interest Period at the Alternate Base Rate in effect from time to time plus the applicable Class A Certificate Spread and shall be calculated on the basis of actual days over a year of 360 days.
(d) Interest on the Class B Certificates shall accrue during any Distribution Period at a rate per annum equal to LIBOR plus the Class B Certificate Spread and shall be calculated on the basis of actual days over a year of 360 days.
(e) Interest with respect to the Series 1996-1 Certificates due but not paid on any Distribution Date or the last day of an Interest Period, as the case may be, will be due on demand with additional interest on the amount at 2% per annum above the Alternate Base Rate to the extent permitted by law (and such interest will be compounded daily); provided, however, that Transferor may direct any such overdue interest (together with such additional interest thereon) to be paid on any Business Day prior to such next Distribution Date or last day of the next Distribution Period from funds on deposit in the Carrying Cost Account.
(f) Non-Usage Fees shall be payable with respect to the Series 1996-1 Certificates at a daily rate equal to (i) the Non-Usage Fee Rate multiplied by (ii) the remainder of (A) the Stated Amount minus (B) the Class A Invested Amount on each day divided by (iii) 360.
(g) Trustee One-Time Fees shall also be payable with respect to the Series 1996-1 Certificates as specified in the Pooling Agreement and to the extent (but only to the extent) that funds become available for such Trustee One-Time Fees in accordance with Sections 4.3 and 4.4.
(h) Additional Amounts shall also be payable with respect to the Series 1996-1 Certificates as specified in the Certificate Purchase Agreement...
Interest; Additional Amounts. 20 SECTION 4.2 Daily Calculations and Series Allocations. . .
Interest; Additional Amounts. 7 SECTION 4.2
Interest; Additional Amounts. (a) Subject to Section 4.1 of the Certificate Purchase Agreement, Transferor may from time to time allocate the outstanding principal amount under the Series 1996-3 Certificates to an ABR Tranche and up to twelve Eurodollar Tranches. Interest on the ABR Tranche and interest on a Eurodollar Tranche shall be payable at the end of the applicable Interest Period, except that interest on the amount of any principal repaid on any other date shall be payable on the date of the repayment. If any such day is not a Business Day, interest shall instead be due on the next Business Day (or, if the next Business Day falls in the next calendar month, then on the next preceding Business Day).
Interest; Additional Amounts. (a) Subject to Section 4.1 of the Certificate Purchase Agreement, Transferor may from time to time allocate the Aggregate Invested Amount to the ABR Tranche and up to the number of separate CP Tranches and Eurodollar Tranches specified in Section 4.1(b) of the Certificate Purchase Agreement. Interest on each Tranche shall be due and payable on each Distribution Date and shall be calculated on the actual outstanding principal balances of the Series 1998-4
Interest; Additional Amounts. 35 SECTION 4.2 Daily Calculations and Group Allocations................. 35 SECTION 4.3 Allocations of Daily Group Collections (Other Than in a Group Amortization Period)..................... 35 SECTION 4.4 Allocations of Daily Group Collections During a Group Amortization Period................................. 38 SECTION 4.5 Withdrawals from the Equalization Account and Principal Funding Account........................... 40 SECTION 4.6 Available Subordinated Amount............................ 40 SECTION 4.7 Write-Offs and Recoveries................................ 41 SECTION 4.8 Certain Dilution in a Group Amortization Period.......... 42 SECTION 4.9 Optional Early Pay Out................................... 43 SECTION 4.10 Reset of Benchmark Percentages and Special Concentration Limits................................ 44 SECTION 4.11 Modification of Eligibility Criteria..................... 44 SECTION 4.12 Calculations to be Without Duplication................... 44
Interest; Additional Amounts. (a) Subject to Section 4.1 of the Certificate Purchase Agreement, Transferor may from time to time allocate the Aggregate Invested Amount to the ABR Tranche and up to the number of separate Eurodollar Tranches specified in Section 4.1(b) of the Certificate Purchase Agreement; provided, however, that the Transferor shall not allocate any of the Aggregate Invested Amount to the ABR Tranche unless the Agent can not determine One-Month LIBOR with respect to the Eurodollar Tranches. Interest on each Tranche shall be payable on each Distribution Date and shall be calculated on the actual outstanding principal balance of the Series 1998-1
Interest; Additional Amounts. 14 SECTION 4.5 Periodic Calculations and Allocations..................... 14 SECTION 4.6 Allocations During Revolving Period.....................
Interest; Additional Amounts. (a) Accrued and unpaid interest on the Invested Amount shall be calculated on the basis of actual days over a year of 360 days and shall be payable on each Distribution Date.
Interest; Additional Amounts. 13 SECTION 4.2 Daily Calculations and Series Allocations..................................13 SECTION 4.3 Allocations of Daily Series Collections (Other Than in an Early Amortization Period).......................................................14 SECTION 4.4 Allocations of Daily Series Collections During an Early Amortization Period.....................................................................15 SECTION 4.5 Withdrawals from the Equalization Account..................................16 SECTION 4.6 Available Subordinated Amount..............................................16 SECTION 4.7 Write-Offs and Recoveries..................................................17 SECTION 4.8 Certain Dilution in an Early Amortization Period...........................17 SECTION 4.9 Defeasance.................................................................18 SECTION 4.10
