ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT definition
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with respect to each SBA Loan in accordance with its terms, net of the interest payable to the Registered Holder, the Premium Protection Fee, the Excess Spread, the Servicing Fee, the FTA's Fee, the Additional Fee, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in January, February and March 1998, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with respect to each SBA Loan in accordance with its terms, net of the interest payable to the Registered Holder, the Premium Protection Fee, the Excess Spread (other than the portion thereof allocable to the Servicing Fee on the Guaranteed Interest), the Servicing Fee, the Agent of the SBA's Fee, the Additional Fee, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in January, February and March 1997, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date. For the Remittance Date in January 1997, the amount calculated pursuant to (A) above shall also include the amount deposited into the Certificate Account by the Servicer pursuant to Section 6.1(a)(vi).
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT. With respect to each Remittance Date, the product of (A) the aggregate amount of interest payable with
More Definitions of ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT. With respect to each --------------------------------------------- Remittance Date, the product of (A) the aggregate amount of interest payable with respect to the Unguaranteed Interest of each SBA Loan in accordance with its terms, net of the Servicing Fee allocable to such SBA Loan, the Extra Interest and the Annual Expense Escrow Amount allocable to such interest (plus, for the Remittance Dates occurring in August and September 1998, any amounts transferred from the Pre-Funding Account and the Capitalized Interest Account for such Remittance Date to be applied as a payment of interest on the Certificates) and (B) a fraction, the numerator of which is the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount with respect to such Remittance Date, and the denominator of which is the sum of the amounts set forth in clauses (i) and (ii) of the definition of Class A Interest Distribution Amount and the amounts set forth in clauses (i) and (ii) of the definition of Class B Interest Distribution Amount, each with respect to such Remittance Date.