Class A-2 Monthly Interest Distributable Amount means (a) with respect to the first Accrual Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Initial Class A-2 Principal Amount, and (iii) a fraction equal to the number of days in such Accrual Period divided by 360, and (b) with respect to each subsequent Accrual Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Principal Amount of the Class A-2 Notes on the immediately preceding Payment Date, after giving effect to all payments of principal to Class A-2 Noteholders on or prior to such immediately preceding Payment Date, and (iii) a fraction equal to one-twelfth.
Class A-2 Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued from and including the 15th day of the preceding calendar month (or, in the case of the first Payment Date, from and including the Closing Date) to and including the 14th day of the calendar month in which such Payment Date occurs, on the Class A-2 Notes at the Class A-2 Rate on the Outstanding Amount of the Class A-2 Notes on the immediately preceding Payment Date (or, in the case of the first Payment Date, the Closing Date), after giving effect to all distributions of principal to the Class A-2 Noteholders on or prior to such preceding Payment Date. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Class A-2 Monthly Interest Distributable Amount. With respect to any Distribution Date, the product of (x) the Class A-2 Interest Rate, (y) a fraction, the numerator of which is the number of days elapsed from and including the most recent date to which interest has been paid (or, in the case of the first Distribution Date, interest accrued for 26 days, which is the number of days elapsed from and including the Closing Date to but excluding December 15, 1998) to but excluding such Distribution Date and the denominator of which is 360 and (z) the outstanding principal balance of the Class A-2 Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, on the Closing Date), after giving effect to all payments of principal to Class A-2 Noteholders on or prior to such immediately preceding Distribution Date (or, in the case of the first Distribution Date, on the Closing Date).
More Definitions of Class A-2 Monthly Interest Distributable Amount
Class A-2 Monthly Interest Distributable Amount means, with respect to any Distribution Date, interest accrued during the applicable Interest Accrual Period on the Class A-2 Notes at the Class A-2 Rate on the Outstanding Amount of the Class A-2 Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the Closing Date), after giving effect to all distributions of principal to the Class A-2 Noteholders on or prior to such preceding Distribution Date. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months.
Class A-2 Monthly Interest Distributable Amount. With respect to any Distribution Date, 30 days of interest (or, in the case of the first Distribution Date, interest accrued from and including the Closing Date to but excluding April 15, 1997) at the Class A-2 Interest Rate on the outstanding principal balance of the Class A-2 Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, on the Closing Date), after giving effect to all payments of principal to Class A-2 Noteholders on such or prior to immediately preceding Distribution Date.
Class A-2 Monthly Interest Distributable Amount means, with respect to any Distribution Date, interest accrued for the related Interest Accrual Period on the Class A-2 Notes at the Class A-2 Rate on the Outstanding Amount of the Class A-2 Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the Closing Date), after giving effect to all distributions of principal to the Class A-2 Noteholders on or prior to such preceding Distribution Date.
Class A-2 Monthly Interest Distributable Amount means, with respect to any Payment Date other than the first Payment Date, an amount equal to one-twelfth of the product of (i) the Class A-2 Interest Rate and (ii) the Outstanding Principal Amount of the Class A-2 Notes for such Payment Date, and, in the case of the first Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Original Principal Amount of the Class A-2 Notes, and (iii) a fraction, the numerator of which is __ and the denominator of which is 360.
Class A-2 Monthly Interest Distributable Amount means, with respect to any Payment Date other than the first Payment Date, an amount equal to one-twelfth of the product of (i) the Class A-2 Interest Rate and (ii) the Outstanding Principal Amount of the Class A-2 Notes for such Payment Date, and, in the case of the first Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Original Principal Amount of the Class A-2 Notes, and (iii) a fraction, the numerator of which is ___ and the denominator of which is 360.
Class A-2 Monthly Interest Distributable Amount means (a) with respect to the first Interest Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Original Principal Balance of the Class A-2 Notes, and (iii) a fraction equal to 12 divided by 360, and (b) with respect to each subsequent Interest Period and the related Payment Date, an amount equal to the product of (i) the Class A-2 Interest Rate, (ii) the Principal Balance of the Class A-2 Notes on the immediately preceding Payment Date, after giving effect to all payments of principal to Class A-2 Noteholders on or prior to such immediately preceding Payment Date, and (iii) a fraction equal to one-twelfth.
Class A-2 Monthly Interest Distributable Amount means, with respect ----------------------------------------------- to any Distribution Date, interest accrued from and including the 15th day of the preceding calendar month (or, in the case of the first Distribution Date, from and including the Closing Date) to and including the 14th day of the calendar month in which such Distribution Date occurs, on the Class A-2 Notes at the Class A-2 Rate on the Outstanding Amount of the Class A-2 Notes on the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the Closing Date), after giving effect to all distributions of principal to the Class A-2 Noteholders on or prior to such preceding Distribution Date.