Exhibit 99.4 Ryder Vehicle Lease Trust 1999-A Payment Date Certificate The undersigned, duly authorized representative of Ryder Truck Rental, Inc., as Administrative Agent under the Administration Agreement, among Ryder Truck Rental LT, Ryder Truck...
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Exhibit 99.4
Ryder Vehicle Lease Trust 1999-A
Payment Date Certificate
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The undersigned, duly authorized representative of Ryder Truck Rental,
Inc., as Administrative Agent under the Administration Agreement, among
Ryder Truck Rental LT, Ryder Truck Rental I LP, Ryder Truck Rental II
LP and Ryder Truck Rental, Inc., dated as of February 1, 1998, as
supplemented by that certain Supplement 1999-A to Administration
Agreement, dated as of October 1, 1999 (the "Administration
Supplement"), certifies as follows pursuant to the Indenture, dated as
of October 1, 1999 (the "Indenture"), between Ryder Vehicle Lease Trust
1999-A (the "Issuer") and U.S. Bank National Association, as trustee
(the "Trustee"):
1. Capitalized terms used in this Certificate have been defined in the
Indenture;
2. Ryder Truck Rental, Inc. is the Administrative Agent;
3. The undersigned is an Officer of the Administrative Agent; and
4. The following information is supplied pursuant to Sections 8.03 and
8.04(e) of the Indenture and Section 5.02 of the Amended and Restated
Trust Agreement, dated as of October 1, 1999 (the "Trust Agreement")
between Ryder Funding LP and Chase Manhattan Bank Delaware, as Owner
Trustee:
(i) SUBI Collections for the Collection Period $14,064,471.26
Amounts allocable to the 99% 1999-A SUBI Certificate $13,923,826.55
Amounts allocable to the 1% 1999-A SUBI Certificate $140,644.71
(ii) Available Funds
(i) 99% of SUBI Collections $13,923,826.55
(ii) Advances $73,872.70
(iii) 99% of the Residual Value Surplus Draw Amount $0.00
(iv) The Optional Purchase Price $0.00
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(iii) Interest accrued on the Class A Notes during the Accrual
Period
Class A-1 $302,085.00
Dollar Amount per $1,000 of original
principal balance $10.79
Class A-2 $663,897.50
Dollar Amount per $1,000 of original
principal balance $10.54
Class A-3 $591,180.00
Dollar Amount per $1,000 of original
principal balance $10.95
Class A-4 $598,473.06
Dollar Amount per $1,000 of original
principal balance $11.29
Class A-5 $992,080.08
Dollar Amount per $1,000 of original
principal balance $11.69
(iv) Interest accrued on the Subordinated Notes during the
Accrual Period $164,346.03
Dollar Amount per $1,000 of original
principal balance of the Subordinated
Notes $12.62
(v) Interest on the Aggregate Certificate Balance of the
Trust Certificates during the Accrual Period $137,029.18
Transferor Trust Certificate Amount $1,370.29
Dollar Amount per $1,000 of original
principal balance of the Transferor Trust
Certificate $12.62
Other Trust Certificates Amount $135,658.89
Dollar Amount per $1,000 of original
principal balance of the Other Trust
Certificates $12.62
(vi) Outstanding Amounts as of the day immediately preceding
the Payment Date
Class A Notes
Class A-1 $28,000,000.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Class A-2 $63,000,000.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Class A-3 $54,000,000.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Class A-4 $53,000,000.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Class A-5 $84,900,000.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Subordinated Notes $13,023,238.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
Aggregate Certificate Balance of the
Trust Certificates $10,858,575.00
Dollar Amount per $1,000 of original
principal balance $1,000.00
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(vii) SUBI Collections
Deposited into the Note Distribution
Account $3,147,715.64
Class A-1 $302,085.00
Class A-2 $663,897.50
Class A-3 $591,180.00
Class A-4 $598,473.06
Class A-5 $992,080.08
Deposited into the Certificate
Distribution Account $137,029.18
(viii) (A) Reserve Fund Balance as of the previous
Payment Date $9,970,408.92
Reserve Fund Requirement (constant) $9,970,408.92
Reserve Fund at the beginning of the
Collection Period $9,970,408.92
Reserve Fund at the end of the Collection
Period $8,154,363.51
(B) Reserve Fund Deposit Amount $164,346.03
(C) Reserve Fund Draw Amount $1,980,391.44
(D) Reserve Fund Balance after all
withdrawals and deposits in respect of
the Payment Date $8,154,363.51
(E) Change in the Reserve Fund Balance from
the prior Payment Date ($1,816,045.41)
(ix) Class A Notes Distribution Amount
Class A-1 $12,195,583.95
Dollar Amount per $1,000 of
original principal balance $435.56
Class A-1 Portion Allocable to Interest $302,085.00
Dollar Amount per $1,000 of
original principal balance $10.79
Class A-2 $663,897.50
Dollar Amount per $1,000 of
original principal balance $10.54
Class A-2 Portion Allocable to Interest $663,897.50
Dollar Amount per $1,000 of
original principal balance $10.54
Class A-3 $591,180.00
Dollar Amount per $1,000 of
original principal balance $10.95
Class A-3 Portion Allocable to Interest $591,180.00
Dollar Amount per $1,000 of
original principal balance $10.95
Class A-4 $598,473.06
Dollar Amount per $1,000 of
original principal balance $11.29
Class A-4 Portion Allocable to Interest $598,473.06
Dollar Amount per $1,000 of
original principal balance $11.29
Class A-5 $992,080.08
Dollar Amount per $1,000 of
original principal balance $11.69
Class A-5 Portion Allocable to Interest $992,080.08
Dollar Amount per $1,000 of
original principal balance $11.69
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Certificate Distribution Amount $137,029.18
Dollar Amount per $1,000 of
original principal balance $12.62
Portion Allocable to Interest $137,029.18
Dollar Amount per $1,000 of
original principal balance $12.62
(x) Quarterly Principal Distributable Amount
Class A Notes
Class A-1 $11,893,498.95
Dollar Amount per $1,000 of
original principal balance $424.77
Class A-2 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-3 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-4 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-5 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Subordinated Notes $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Trust Certificates $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Optimal Principal Distributable Amount
Class A Notes
Class A-1 $11,893,498.95
Dollar Amount per $1,000 of
original principal balance $424.77
Class A-2 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-3 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-4 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-5 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Subordinated Notes $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Trust Certificates $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
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Principal Shortfall Amount
Class A Notes
Class A-1 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-2 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-3 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-4 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Class A-5 $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Subordinated Notes $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
Trust Certificates $0.00
Dollar Amount per $1,000 of
original principal balance $0.00
(xi) Class A-1 Note Factor 0.5752322
Class A-2 Note Factor 1.0000000
Class A-3 Note Factor 1.0000000
Class A-4 Note Factor 1.0000000
Class A-5 Note Factor 1.0000000
Subordinated Note Factor 1.0000000
Certificate Factor (does not include Transferor Trust
Certificate) 1.0000000
(xii) Residual Value Losses for the immediately preceding
Collection Period $103.79
Residual Value Surplus for the immediately preceding
Collection Period $0.00
Amount on Deposit in the Residual Value Surplus Account $0.00
Residual Value Surplus Draw Amount included in Available
Funds $0.00
Residual Value Surplus Draw Amount $0.00
(xiii) Special Event Purchases during the Collection Period $0.00
Aggregate Securitization Value (as of Cutoff Date or
during the related Calendar Year, as applicable) of
Special Event Purchases made year-to-date $0.00
(xiv) Sales Proceeds Advances included in Available Funds $34,394.24
Financial Component Advances included in Available Funds $39,478.46
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(xv) Payment Date Advance Reimbursement for the Accrual Period
For Credit Losses $0.00
For Sales Proceeds Advances Outstanding for
9 or more months $0.00
(xvi) Amounts released to the Transferor
As Subordinated Noteholder $0.00
As Holder of the Transferor Trust
Certificate $0.00
(xvii) Administration Fee for the Collection Period $758,533.10
Any unpaid fees in respect of one or more prior Collection
Periods $0.00
(xviii) Retained SUBI Certificate Distribution Amount $132,982.76
Retained SUBI Certificate Amount $140,644.71
Retained Administration Fee for the Collection Period $7,661.95
(xix) Net Investment Earnings on the SUBI Collection and the
Residual Value Surplus Account Account $56,787.05
(xx) Net Investment Earnings on the Reserve Fund $66,245.16
(xxi) Amount distributable to the Transferor from the Residual
Value Surplus Account $0.00
IN WITNESS WHEREOF, the undersigned has duly executed this Certificate
on January 14, 2000.
Ryder Truck Rental, Inc. as Administrative Agent
by /s/ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇
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▇. ▇▇▇▇▇▇ ▇▇▇▇▇
Vice President & Treasurer
Ryder Truck Rental, Inc.
(Duly Authorized Officer of the Administrative Agent)
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