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Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.2, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 23-Aug-99
Payment Date 25-Aug-99
Prior Payment Date 23-Aug-99
<TABLE>
<CAPTION>
<S> <C>
A AGGREGATE DISCOUNTED LEASE BALANCE (Discount Rate = 7.505%)
Initial Aggregate Discounted Lease Balance 174,935,103.73
Discounted Contract Balance, beginning 174,935,103.73
Discounted Contract Balance, ending 169,385,933.63
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 0.00
Past due payments received (reimbursed per this report) 0.00
Past dues on Non-Performing, Warranty and Adjusted Leases 0.00
Past dues on Early Terminations 0.00
New Net Advances (last month's current Contracts that became past due) 589,679.92
Past dues on Replacement Leases 0.00
---------------
Past due balance, ending 589,679.92
===============
C ADVANCE LEASE PAYMENTS
Advance payment balance, beginning 0.00
Applied to Current from Prepaid 0.00
Advance payments on Disqualified Leases 0.00
Received on Replacement Leases 0.00
Received this month 0.00
---------------
Advance payment balance, ending 0.00
===============
D SUBSTITUTIONS
Defaulted Leases and Adjusted Contracts Substitued to date, beginning 0.00
Defaulted Leases and Adjusted Contracts provided with Substitute Leases 0.00
---------------
Defaulted Leases and Adjusted Contracts Substitued to date, ending 0.00
===============
Percentage of Aggregate Discounted Lease Balance at Cut-Off Date 0.00%
Non Defaulted Leases or Adjusted Contracts Substitued to date, beginning 0.00
Non Defaulted Leases or Adjusted Contracts provided with Substitute Leases 0.00
---------------
Non-Defaulted Leases or Adjusted Contracts Substitued to date, ending 0.00
===============
---------------
Total Substitutions, ending 0.00
===============
Percentage of Aggregate Discounted Lease Balance at Cut-Off Date (not to exceed 10%) 0.00%
E RESERVE ACCOUNT
Reserve Account balance, beginning 1,749,351.04
Required Reserve Fund Amount (min $1,749,351.04 or Aggregate Note Balance) 1,749,351.04
Shortfall 0.00
Deposit from (Release to) Certificateholder 0.00
--------------
Reserve Account balance, ending 1,749,351.04
===============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 4,514,482.77
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 0.00
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 1,459,326.85
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 589,679.92
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
Defaulted Contract Recoveries 0.00
Net decrease in Advance Lease Payments balance 0.00
---------------
Total Available Funds 6,563,489.54
===============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received 0.00
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 72,889.63
---------------
Total Payments to Servicer 72,889.63
===============
Back-up Servicer Fee (3.0 bp) 291.56
Indenture Trustee Fee (2 bp) 250.00
Total Payments to Trustee 541.56
===============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 23-Aug-99
Payment Date 25-Aug-99
Prior Payment Date 23-Aug-99
PAYMENTS TO NOTEHOLDERS
<TABLE>
<CAPTION>
Beginning (Regular) (Additional) End Percentage
Initial of Period Interest Interest Principal Principal of Period of all Notes
Class Balance Balance Rate Paid Paid Paid Balance Outstanding
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 50,293,842.00 50,293,842.00 5.777% 16,141.53 5,549,170.10 0.00 44,744,671.90 27.12%
A-2 40,759,879.00 40,759,879.00 6.590% 14,922.64 0.00 0.00 40,759,879.00 24.70%
A-3 18,280,718.00 18,280,718.00 6.890% 6,997.45 0.00 0.00 18,280,718.00 11.08%
A-4 48,544,491.00 48,544,491.00 7.070% 19,067.20 0.00 0.00 48,544,491.00 29.42%
-----------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 157,878,930.00 57,128.82 5,549,170.10 0.00 152,329,759.90 92.31%
-----------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 3,015.20 0.00 0.00 7,434,742.00 4.51%
C 3,936,040.00 3,936,040.00 8.070% 1,764.66 0.00 0.00 3,936,040.00 2.39%
D 1,312,013.00 1,312,013.00 10.480% 763.88 0.00 0.00 1,312,013.00 0.80%
-----------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 170,561,725.00 62,672.57 5,549,170.10 0.00 165,012,554.90 100.00%
-----------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------------------
A 86.3158% 146,206,804.41
B 5.9649% 10,103,722.46 -
C 3.1579% 5,349,029.69 -
D 1.0526% 1,783,009.45 -
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 5,549,170.10
Overcollateralization Balance (prior) 4,373,378.73
Overcollateralization Balance (current) 4,373,378.73
Cumulative Loss Amount 0.00
Additional Principal 0.00
DISTRIBUTION OF FUNDS
Pursuant to Section 7.05(a) of the Sale and Servicing Agmt
Available Funds 6,563,489.54
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 72,889.63
Back-up Servicer Fee Paid 291.56
Trustee Fee Paid 250.00
Note Interest Paid 62,672.57
Note Principal Paid 5,549,170.10
Reserve Account Deposit 0.00
Remainder to Certificateholder 878,215.69
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 23-Aug-99
Payment Date 25-Aug-99
Prior Payment Date 23-Aug-99
Delinquent Contracts
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 582 152,678,849.05 90.14% 4,514,482.77
31 92 15,753,516.03 9.30% 589,679.92
61 16 912,872.31 0.54% 0.00
91 2 40,696.24 0.02% 0.00
121 0 0.00 0.00% 0.00
Total 692 169,385,933.63 100.00% 5,104,162.69
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 23-Aug-99
Payment Date 25-Aug-99
Prior Payment Date 23-Aug-99
Prepayed Leases
--------------------------------------------------------------------------------
Lease Number Lessee ADCB
--------------------------------------------------------------------------------
006120.N1 Dalil Fashions, Inc. 23,086.46
3830 Medimmune, Inc. 1,328,362.89
3785 Unidigital Elements (NY), Inc. 107,877.50
Total 1,459,326.85
Lease Count 3
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