Determination of. Monthly Interest for the Series ------------------------------------------------ 1998-6 Certificates. (a) The amount of monthly interest (for the Series 1998-6 ------------------- Certificates, the "Class A Monthly Interest") distributable from the -------------------------- Distribution Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to the product of (i) the product of (x) the Class A Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, ----------------- that with respect to the first Distribution Date, Class A Monthly Interest shall be equal to the product of (a) the Class A Certificate Rate for the period from and including the Closing Date to and including September 17, 1998, (b) a fraction the numerator of which is 22 and the denominator of which is 360 and (c) the Class A Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class A Interest Shortfall") equal ----------------------------- to the excess, if any, of (x) the aggregate Class A Monthly Interest for the
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Determination of. Monthly Interest for the Series ------------------------------------------------ 1998-6 3 Certificates.
(a) The amount of monthly interest (for the Series 1998-6 3 ------------------- Certificates, the "Class A Monthly Interest") distributable from the -------------------------- ------------------------ Distribution Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to the product of (i) the product of (x) the Class A Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, ----------------- -------- ------- that with respect to the first Distribution Date, Class A Monthly Interest shall be equal to the product of (a) the Class A Certificate Rate for the period from and including the Closing Date to and including September 17, 1998, (b) a fraction the numerator of which is 22 and the denominator of which is 360 and (c) the Class A Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class A Interest Shortfall") equal ----------------------------- to the excess, if any, of (x) the aggregate Class A Monthly Interest for thebe
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)
Determination of. Monthly Interest for the Series ------------------------------------------------ 1998-6 4 Certificates.
(a) The amount of monthly interest (for the Series 1998-6 ------------------- 4 -------------------- Certificates, the "Class A Monthly Interest") distributable from the -------------------------- ------------------------ Distribution Account with respect to the Class A Certificates on any Distribution Date shall be an amount equal to the product of (i) the product of (x) the Class A Certificate Rate and (y) a fraction the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360 and (ii) the Class A Outstanding Principal Balance as of the close of business on the last day of the preceding Monthly Period; provided, however, ----------------- -------- ------- that with respect to the first Distribution Date, Class A Monthly Interest shall be equal to the product of (a) the Class A Certificate Rate for the period from and including the Closing Date to and including September 17Augu▇▇ ▇▇, 1998▇▇▇▇, (b▇) a fraction ▇ ▇raction the numerator of which is 22 27 and the denominator of which is 360 and (c) the Class A Initial Invested Amount. On the Determination Date preceding each Distribution Date, the Servicer shall determine an amount (the "Class A Interest Shortfall") equal ----------------------------- to the excess, if any, of (x) the aggregate Class A Monthly Interest for the.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (First Usa Credit Card Master Trust)