Class A Monthly Note Interest definition
Class A Monthly Note Interest means, with respect to any Payment Date, an amount equal to the product of (a) the Class A Note Interest Rate for the related Note Interest Period, (b) a fraction, the numerator ofwhich is the actual number of days in such Note Interest Period and the denominator of which is 360 and (c) the Class A Note Principal Balance on the related Record Date; provided, however, that with respect to the November 2003 Payment Date, Class A Monthly Note Interest will be an amount equal to the product of (a) the Class A Note Interest Rate, (b) a fraction the numerator of which is 59 and the denominator of which is 360 and (c) the Class A Note Initial Principal Balance.
Class A Monthly Note Interest means, with respect to any Payment Date, an amount equal to the product of (a) the Class A Note Interest Rate for the related Note Interest Period, (b) a fraction, the numerator of which is the actual number of days in such Note Interest Period and the denominator of which is 360 and (c) the Class A Note Principal Balance on the related Record Date; provided, however, that with respect to the May 2002 Payment Date, Class A Monthly Note Interest will be an amount equal to the product of (a) the Class A Note Interest Rate, (b) a fraction the numerator of which is 43 and the denominator of which is 360 and (c) the Class A Note Initial Principal Balance.