Monthly Capitalized Interest Amount means in the case of the March, April or May 1999 Distribution Dates, an amount equal to the difference between (i) the product of (x) a fraction the numerator of which is the actual number of days elapsed in the related Interest Period and the denominator of which is 360, (y) the weighted average of each Interest Rate and (z) the difference between (A) the average daily aggregate principal amount of the Notes during the period since the prior Distribution Date and (B) the Pool Balance as of the last day of the second preceding Collection Period, or in the case of the March 1999 Distribution Date, as of the Closing Date and (ii) the Pre-Funding Earnings for such Distribution Date.
Monthly Capitalized Interest Amount means in the case of the Distribution Dates occurring in , , and , an amount equal to the difference between (i) the product of (x) a fraction, the numerator of which is the actual number of days elapsed in the related Interest Period or in the case of the final Subsequent Transfer Date, the number of days from and including the previous Distribution Date to, but excluding the final Subsequent Transfer Date and the denominator of which is 360, and (y) the Pre-Funded Amount as of the prior Distribution Date, or in the case of the Distribution Date as of the Closing Date and (ii) the sum of the Pre-Funding Earnings and Investment Earnings on amounts on deposit in the Capitalized Interest Account for such Distribution Date.]
Monthly Capitalized Interest Amount means in the case of the March 2001, the April 2001 or the May 2001 Distribution Dates, an amount equal to the difference between (i) the product of (x) a fraction the numerator of which is the actual number of days elapsed in the related Interest Period or in the case of the final subsequent transfer date, the number of days from and including the previous Distribution Date to, but excluding the final Subsequent Transfer Date and the denominator of which is 360, (y) the weighted average of each Interest Rate and (z) the difference between (A) the average daily aggregate principal amount of the Notes during the period since the prior Distribution Date and (B) the Pool Balance as of the last day of the second preceding Collection Period, or in the case of the March 2001 Distribution Date, as of the Closing Date and (ii) the sum of the Pre-Funding Earnings and Investment Earnings on amounts on deposit in the Capitalized Interest Account for such Distribution Date.
Examples of Monthly Capitalized Interest Amount in a sentence
The State maintains that, even if Trent's counsel's trial performance fell below an objective standard of reasonableness, the result of the trial would not have been different.
Monthly Capitalized Interest Amount (946,477) --------------------- C.
Monthly Capitalized Interest Amount (1,989,074) ---------------- C.
The amount, if any, deposited in the Capitalized Interest Account will be applied on the Distribution Dates occurring in September, October and November 1997 to fund an amount (the "Monthly Capitalized Interest Amount") equal to the amount of interest accrued for each such Distribution Date at the weighted average Interest Rates on the portion of the Notes having a principal balance in excess of the Principal Balances of the Initial Receivables (which portion will equal the Pre-Funded Amount).
Capitalized Interest Account ------------------------------- Beginning Balance - Interest Earned 13.02 Monthly Capitalized Interest Amount Transferred 13.02 Overfunded Capitalized Interest - Required Balance - ------------------ Excess $ - ================= VI.
More Definitions of Monthly Capitalized Interest Amount
Monthly Capitalized Interest Amount means with respect to the July 2002 Distribution Date and the August 2002 Distribution Date, an amount equal to (1) the product of (x) a fraction, the numerator of which is (a) for the July 2002 Distribution Date, 37 and (b) for the August 2002 Distribution Date, 30 and the denominator of which is 360, (y) the weighted average of each Interest Rate and (z) the difference between the sum of the aggregate principal amount of the Notes immediately prior to the related Distribution Date and the Pool Balance as of (a) for the July 2002 Distribution Date, the Initial Cutoff Date and (b) for the August 2002 Distribution Date, June 30, 2002, plus (2) the premium paid to the Security Insurer for such Distribution Date allocable to the balance in the Pre-Funding Account at the beginning of the related Monthly Period minus (3) the actual Pre-Funding Earnings on deposit in the Pre-Funding Account on such Distribution Date.
Monthly Capitalized Interest Amount means in the case of the Payment Dates occurring on or prior to the Mandatory Redemption Date, an amount equal to the product of (A) the product of (x) 1/12 and (y) the Weighted Average Rate and (B) the difference between (x) the aggregate Outstanding Amount of the Notes immediately prior to the applicable Payment Date and (y) the Pool Balance as of the last day of the second preceding Collection Period, or in the case of the January 2001 Payment Date, as of the Closing Date.
Monthly Capitalized Interest Amount means, in the case of the [ ], [ ] and [ ] Payment Dates, an amount equal to the excess of (i) the product of (a) a fraction, the numerator of which is the actual number of days elapsed in the related interest accrual period and the denominator of which is 360, (b) the sum of the weighted average of the Note Rates [and the Premium Percentage (as such term is defined in the Insurance Agreement)] and (c) the amount on deposit in the Pre-Funding Account as of the last day of the second preceding Collection Period, or, in the case of the [ ] Payment Date, as of the Closing Date, over (ii) the Pre-Funding Earnings for such Payment Date.
Monthly Capitalized Interest Amount means in the case of the December 1999, January 2000, February 2000, March 2000, April 2000, or May 2000 Distribution Dates, an amount equal to the difference between (i) the product of (x) a fraction the numerator of which is the actual number of days elapsed in the related Interest Period and the denominator of which is 360, (y) the weighted average of each Interest Rate and (z) the difference between (A) the average daily aggregate principal amount of the Notes during the period since the prior Distribution Date and (B) the Pool Balance as of the last day of the second preceding Collection Period, or in the case of the December 1999 Distribution Date, as of the Closing Date and (ii) the Pre-Funding Earnings for such Distribution Date.
Monthly Capitalized Interest Amount means in the case of the September, October or November 1998 Distribution Dates, an amount equal to the difference between (i) the product of (x) a fraction the numerator of which is the actual number of days elapsed in the related Interest Period and the denominator of which is 360, (y) the weighted average of each Interest Rate and (z) the difference between (A) the average daily aggregate principal amount of the Notes during the period since the prior Distribution Date and (B) the Pool Balance as of the last day of the second preceding Collection Period, or in the case of the September 1998 Distribution Date, as of the Closing Date and (ii) the Pre- Funding Earnings for such Distribution Date.
Monthly Capitalized Interest Amount means, in the case of the November 2007, December 2007, January 2008, February 2008, March 2008 and April 2008 Payment Dates, an amount equal to the excess of (i) the product of (a) a fraction, the numerator of which is the actual number of days elapsed in the related interest accrual period and the denominator of which is 360, (b) the sum of the weighted average of the Interest Rates and the Premium Rate (as such term is defined in the Insurance Agreement) and (c) the amount on deposit in the Pre-Funding Account as of the last day of the second preceding Collection Period, or, in the case of the November 15, 2007 Payment Date, as of the Closing Date, over (ii) the Pre-Funding Earnings for such Payment Date.
Monthly Capitalized Interest Amount means in the case of the Distribution Dates occurring in December 2005, January 2006, February 2006 and March 2006, an amount equal to the difference between (i) the product of (x) a fraction the numerator of which is the actual number of days elapsed in the related Interest Period or in the case of the final subsequent transfer date, the number of days from and including the previous Distribution Date to, but excluding the final Subsequent Transfer Date and the denominator of which is 360, (y) the weighted average of the Interest Rate for each Class of Notes and (z) the Pre-Funded Amount as of the prior Distribution Date, or in the case of the December 2005 Distribution Date as of the Closing Date and (ii) the sum of the Pre-Funding Earnings and Investment Earnings on amounts on deposit in the Capitalized Interest Account for such Distribution Date. Back to Contents