Common use of Interest Payment Clause in Contracts

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33. Any interest on the Class A(2024-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2016-15) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2016-15) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,440,972. Any interest on the Class A(2024A(2016-15) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2017-14) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2017-14) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,902,083.33. Any interest on the Class A(2024A(2017-14) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2017-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2017-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,592,000. Any interest on the Class A(2024A(2017-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2017-16) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2017-16) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,003,750. Any interest on the Class A(2024A(2017-16) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2019-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2019-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,484,444.44. Any interest on the Class A(2024A(2019-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2018-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2018-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,454,833.33. Any interest on the Class A(2024A(2018-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2016-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2016-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33954,750. Any interest on the Class A(2024A(2016-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2019-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2019-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.333,318,888.89. Any interest on the Class A(2024A(2019-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2017-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2017-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.334,266,667. Any interest on the Class A(2024A(2017-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2019-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2019-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.335,325,000.00. Any interest on the Class A(2024A(2019-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2022-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2022-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.338,662,500.00. Any interest on the Class A(2024A(2022-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2016-16) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2016-16) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,496,444. Any interest on the Class A(2024A(2016-16) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2016-14) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2016-14) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,031,944. Any interest on the Class A(2024A(2016-14) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2006-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2006-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,829,166.67. Any interest on the Class A(2024A(2006-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2005-1) 8) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2005-1) 8) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,161,111.11. Any interest on the Class A(2024A(2005-1) 8) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2015-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2015-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,171,875.00. Any interest on the Class A(2024A(2015-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2007-17) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2007-17) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,715,277.78. Any interest on the Class A(2024A(2007-17) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-30 day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2021-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2021-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,295,555.56. Any interest on the Class A(2024A(2021-1) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024C(2004-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024C(2004-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33453,333.33. Any interest on the Class A(2024C(2004-1) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2006-110) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2006-110) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.331,430,555.56. Any interest on the Class A(2024A(2006-110) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024B(2003-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024B(2003-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33787,500.00. Any interest on the Class A(2024B(2003-13) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2007-19) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2007-19) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,681,250.00. Any interest on the Class A(2024A(2007-19) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-30 day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2008-13) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2008-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,440,833.33. Any interest on the Class A(2024A(2008-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-30 day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2008-15) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2008-15) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.333,334,375.00. Any interest on the Class A(2024A(2008-15) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-30 day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024B(2005-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024B(2005-1) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,000,416.67. Any interest on the Class A(2024B(2005-1) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2003-16) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2003-16) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33942,361.11. Any interest on the Class A(2024A(2003-16) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024B(2004-16) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024B(2004-16) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33853,055.56. Any interest on the Class A(2024B(2004-16) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2009-12) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2009-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,577,777.78. Any interest on the Class A(2024A(2009-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-30 day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2014-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2014-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,286,250. Any interest on the Class A(2024A(2014-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024B(2004-15) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024B(2004-15) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33596,111.11. Any interest on the Class A(2024B(2004-15) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024C(2003-14) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024C(2003-14) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33666,666.67. Any interest on the Class A(2024C(2003-14) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2015-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2015-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33976,444. Any interest on the Class A(2024A(2015-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2005-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2005-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,968,750. Any interest on the Class A(2024A(2005-13) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2021-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2021-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,864,944.44. Any interest on the Class A(2024A(2021-12) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2003-14) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2003-14) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,444,792.00. Any interest on the Class A(2024A(2003-14) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2005-17) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2005-17) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.331,762,500. Any interest on the Class A(2024A(2005-17) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2006-13) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2006-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.332,468,888.89. Any interest on the Class A(2024A(2006-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2006-16) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2006-16) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, provided however that for the first Interest Payment Date the amount of interest due is $5,553,333.331,472,222.22. Any interest on the Class A(2024A(2006-16) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024B(2003-15) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024B(2003-15) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33798,333.33. Any interest on the Class A(2024B(2003-15) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2005-12) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2005-12) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.332,193,750. Any interest on the Class A(2024A(2005-12) Notes will be calculated on the basis of a 360-day year consisting of and twelve 30-day months.

Interest Payment. (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2024A(2013-13) Notes shall be an amount equal to one-one twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2024A(2013-13) Notes determined as of the Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $5,553,333.33480,000. Any interest on the Class A(2024A(2013-13) Notes will be calculated on the basis of a 360-day year consisting of twelve 30-day months.