Class A Monthly Interest and Fees definition

Class A Monthly Interest and Fees means, for any Interest Period, the sum of (i) interest on the Class A Principal Balance for the Interest Period ended on the related Distribution Date computed pursuant to subsection 2.3(a) or 2.3(b) of this Agreement, as applicable, plus or minus (as the case may be) (ii) any Estimated Interest Adjustment for the immediately preceding Interest Period, plus (iii) the Class A Usage Fee with respect to such Interest Period, plus (iv) the Class A Commitment Fee with respect to such Interest Period.
Sample 1
Class A Monthly Interest and Fees shall have the meaning specified in the Class A Certificate Purchase Agreement.
Sample 1
Class A Monthly Interest and Fees means, for any Interest Period, the sum of (i) interest on the Class A Principal Balance for the Interest Period ended on the related Distribution Date computed pursuant to subsection 2.3(a) or 2.3(b), as applicable, plus or minus (as the case may be) (ii) any Estimated Interest Adjustment for the immediately preceding Interest Period, plus (iii) the Class A Usage Fee with respect to such Interest Period, plus (iv) the Class A Commitment Fee with respect to such Interest Period, provided that the Class A Monthly Interest and Fees due to any Class A Purchaser for the March 2009 Distribution Date shall include all “Class A Monthly Interest and Fees” accrued to but excluding March 6, 2009 on the “Class A Notes” of such Class A Purchaser under the Existing Trust Documentation.
Sample 1

Examples of Class A Monthly Interest and Fees in a sentence

  • In any such case, each Managing Agent shall notify the Servicer and the Trustee in writing on or before the following Class A Rate Determination Date of the amount of any variation, if any, between the estimated Class A Monthly Interest and Fees with respect to its Purchaser Group and the actual Class A Monthly Interest and Fees with respect to its Purchaser Group for the preceding Interest Period.

  • Class A Monthly Interest and Fees shall be determined as provided in the Class A Certificate Purchase Agreement.

  • This Agreement shall remain in full force and effect until the earlier of (i) the payment of the entire Class A Investor Principal Balance, all accrued and unpaid Class A Monthly Interest and Fees and Class A Increased Costs and all other amounts owing to the Class A Purchasers or the Administrative Agent hereunder and (ii) the Series 2001-1 Termination Date, or if later, the payment of all amounts required to be paid hereunder on the Series 2001-1 Termination Date.

  • Any such notification from a Managing Agent may be based on the estimate of the CP Rate as described in Section 2.07(b) and upon estimates of the Class A Monthly Interest and Fees with respect to its Purchaser Group if the actual amount is not then known to such Managing Agent.

  • The amount of monthly interest allocable to the Class A Certificates of Series 2001-1 with respect to any Interest Accrual Period shall be an amount equal to the Class A Monthly Interest and Fees for the related Distribution Date.

  • Subject to any Estimated Interest Adjustment, each determination of the Class A Monthly Interest and Fees with respect to its Purchaser Group by a Managing Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Purchasers, the Transferor, the Servicer and the Trustee in the absence of manifest error.

  • Each Managing Agent shall notify the Servicer and the Trustee in writing on each Class A Rate Determination Date of the CP Rate and the Assignee Rate, as applicable, with respect to its Purchaser Group and the amount of Class A Monthly Interest and Fees for the related Interest Period payable with respect to its Purchaser Group.


More Definitions of Class A Monthly Interest and Fees

Class A Monthly Interest and Fees means, with respect to any Distribution Date, the sum of (i) interest on the Class A Funded Amount and the Conversion Funding Amount, if any, for the immediately preceding Interest Period computed pursuant to Section 2.06(a), plus (ii) the sum of the fees owing for the immediately preceding Interest Period computed pursuant to each Fee Letter for inclusion in Class A Monthly Interest and Fees, plus (iii) any Class A Interest Shortfall with respect to the previous Distribution Date, Plus (iv) interest on any past due Class A Additional Amounts accrued pursuant to Section 2.06(g), plus (v) accrued and unpaid interest on any Section 1446 Amount as contemplated by Section 3.03(g) hereof, plus (vi) interest, if any, accrued during such Interest Period on overdue payments of interest or fees (excluding, however, any Estimated Interest Adjustment for such Distribution Date) pursuant to Section 2.06(b), plus (vii) any Estimated Interest Adjustment with respect to the previous Distribution Date (which, as contemplated in Section 2.07(c), may be a positive or negative number).
Sample 1
Class A Monthly Interest and Fees means, for any Interest Accrual Period, the sum of (i) interest on the Class A Investor Principal Balance for such Interest Accrual Period computed pursuant to subsection 2.03(a) or 2.03(b), plus (ii) the Class A Utilization Fee payable pursuant to subsection 2.03(d) with respect to such Interest Accrual Period, plus (iii) the Class A Facility Fee payable pursuant to subsection 2.03(e) with respect to such Interest Accrual Period, plus (iv) Breakage Costs for the Distribution Date immediately following such Interest Accrual Period.
Sample 1

Related to Class A Monthly Interest and Fees

  • Class A Monthly Interest shall have the meaning specified in subsection 4.02(a).

  • Class B Monthly Interest shall have the meaning specified in subsection 4.02(b).

  • Class A-1 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, the product of (A) the actual number of days elapsed during the period from and including the preceding Distribution Date to but excluding such Distribution Date divided by 360, (B) the Class A-1 Rate and (C) the outstanding principal balance of the Class A-1 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-1 Notes on or before such preceding Distribution Date).

  • Class A-2 Monthly Interest means (i) for the initial Distribution Date, $321,750.00, and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-2 Rate and (B) the outstanding principal balance of the Class A-2 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-2 Notes on or before such preceding Distribution Date).

  • Class A-3 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-3 Rate and (B) the outstanding principal balance of the Class A-3 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-3 Notes on or before such preceding Distribution Date).

  • Monthly Interest means, for any Payment Date, the sum of the Class A Monthly Interest, the Class B Monthly Interest and the Class C Monthly Interest for such Payment Date.

  • Note Monthly Interest means, for a Class and a Payment Date, the aggregate amount of interest accrued on the Note Balance of the Class at the Note Interest Rate for the Class for the related Interest Period.

  • Class A-4 Monthly Interest means (i) for the initial Distribution Date, $[ ], and (ii) for any Distribution Date thereafter, one-twelfth of the product of (A) the Class A-4 Rate and (B) the outstanding principal balance of the Class A-4 Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class A-4 Notes on or before such preceding Distribution Date).

  • Class C Monthly Interest is defined in Section 4.1(c).

  • Class D Monthly Interest means, for any Distribution Date, one-twelfth (or, in the case of the first Distribution Date, the number of days from and including the Closing Date to but excluding the 15th day of the month in which such Distribution Date occurs, assuming each month has 30 days, divided by 360) of the product of (A) the Class D Rate and (B) the outstanding principal balance of the Class D Notes as of the preceding Distribution Date (after giving effect to all payments of principal made to the Holders of the Class D Notes on or before such preceding Distribution Date).

  • Note Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period at the related Interest Rate for each Class of Notes on the Outstanding Amount of the Notes of each such Class on the immediately preceding Payment Date (or, in the case of the first Payment Date, the original principal amount of each such Class of Notes), after giving effect to all distributions of principal to the Noteholders of each such Class on or prior to such Payment Date.

  • Collateral Monthly Interest means the monthly interest distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.06(c).

  • Monthly Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates, other than the Class P, Class R and Class C Certificates, an amount equal to the amount of interest accrued during the related Interest Accrual Period at the related Pass-Through Rate on the Class Principal Amount of such Class of Certificates immediately prior to such Distribution Date, in each case, reduced by any Net Prepayment Interest Shortfalls allocated to such Class of Certificates and any Relief Act Interest Shortfalls allocated to such Class of Certificates, in each such case, as such shortfalls are allocated pursuant to Section 1.02 herein.

  • Class B Noteholders’ Monthly Interest Distributable Amount means, with respect to any Payment Date, interest accrued for the related Interest Accrual Period on the Class B Notes at the interest rate for such Class on the Outstanding Amount of the Notes of such Class on the immediately preceding Payment Date (or, in the case of the initial Payment Date, on the Closing Date), after giving effect to all payments of principal to the Noteholders of such Class on or prior to such preceding Payment Date. For all purposes of this Agreement and the Basic Documents, interest with respect to all Class B Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months. The interest due on these Classes of notes on each Payment Date will be the product of: · the Outstanding Principal Balance of the Class B Notes; · the Class B Interest Rate; and · 30 (or, in the case of the initial Payment Date, 26) divided by 360.

  • Collateral Minimum Monthly Interest shall have the meaning specified in subsection 4.02(c).

  • Daily Interest Amount means an amount calculated by multiplying the Daily Loan Balance of a Loan by the associated Daily Interest Rate on that Loan.

  • Class A Note Interest Shortfall means, for any distribution date, the excess of: • the Class A Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class A noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the interest rate applicable for each related class of notes from that preceding distribution date to the current distribution date.

  • Noteholders’ Monthly Interest Distributable Amount means, with respect to any Distribution Date and any Class of Notes, interest accrued at the respective Interest Rate during the applicable Interest Period on the principal amount of the Notes of such Class outstanding as of the end of the prior Distribution Date (or, in the case of the first Distribution Date, as of the Closing Date), calculated (x) for the Class A-1 Notes and the Class A-2-B Notes on the basis of a 360-day year and the actual number of days elapsed in the applicable Interest Period and (y) for all other Classes of Notes on the basis of a 360-day year consisting of twelve 30-day months (without adjustment for the actual number of business days elapsed in the applicable Interest Period), except with respect to the first Interest Period.

  • Collateral Senior Minimum Monthly Interest shall have the meaning specified in subsection 4.02(d).

  • Class B Note Interest Shortfall means, for any distribution date, the excess of: • the Class B Noteholders’ Interest Distribution Amount on the preceding distribution date, over • the amount of interest actually distributed to the class B noteholders on that preceding distribution date, plus interest on the amount of that excess, to the extent permitted by law, at the class B note interest rate from that preceding distribution date to the current distribution date.

  • Note Interest Distributable Amount means, with respect to any Payment Date and a Class of Notes, the sum of the Note Monthly Interest Distributable Amount for such Payment Date and the Note Interest Carryover Shortfall for such Class of Notes. For all purposes of this Agreement and the other Basic Documents, interest with respect to the Class A-2, Class A-3 and Class A-4 Notes shall be computed on the basis of a 360-day year consisting of twelve 30-day months; and interest with respect to the Class A-1 Notes shall be computed on the basis of the actual number of days in each applicable Interest Accrual Period, divided by 360.

  • Class A-3 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑3 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑3 Rate or, in the case of the first Payment Date, on the Class A‑3 Initial Principal Balance.

  • Class A-1 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of the actual number of days in such Interest Period and a year assumed to consist of 360 days) on the Class A‑1 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑1 Rate or, in the case of the first Payment Date, on the Class A‑1 Initial Principal Balance.

  • Class B-3 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-3 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-3 Certificates on prior Distribution Dates pursuant to Paragraph twelfth of Section 4.01(a).

  • Class A-4 Interest Distributable Amount means the amount of interest accrued during the related Interest Period (calculated on the basis of a 360 day year consisting of twelve 30 day months) on the Class A‑4 Principal Balance as of the immediately preceding Payment Date (after giving effect to payments of principal made on such immediately preceding Payment Date) at the Class A‑4 Rate or, in the case of the first Payment Date, on the Class A‑4 Initial Principal Balance.

  • Class B-2 Unpaid Interest Shortfall As to any Distribution Date, the amount, if any, by which the aggregate of the Class B-2 Interest Shortfall Amounts for prior Distribution Dates is in excess of the amounts distributed in respect of the Class B-2 Certificates on prior Distribution Dates pursuant to Paragraph ninth of Section 4.01(a).