|
|
|
|
|
|
|
|
|
|
Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-K, EX-19.1, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-K, EX-19.3, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Nov-99
Payment Date 27-Dec-99
Prior Payment Date 26-Nov-99
<TABLE>
<CAPTION>
<S> <C>
A AGGREGATE DISCOUNTED LEASE BALANCE (Discount Rate = 7.505%)
Initial Aggregate Discounted Lease Balance 174,935,104.00
Discounted Contract Balance, beginning 155,414,276.13
Discounted Contract Balance, ending 150,985,852.09
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 922,219.38
Past due payments received (reimbursed per this report) 807,100.85
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) 696,055.57
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 811,174.10
==============
C ADVANCE LEASE PAYMENTS
Applied to Current from Prepaid 0.00
Advance payments on Disqualified Leases 0.00
Received on Replacement Leases 0.00
Received this month 362,306.66
--------------
Total Advance Lease Payments Received 362,306.66
==============
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 1,454,943.89
Required Reserve Fund Amount (min $1,749,351.04 or Aggregate Note Balance) 1,749,351.04
Excess (Shortfall) 86,962.75
Deposit from (Release to) Certificateholder 0.00
--------------
Reserve Account balance, ending 1,541,906.64
==============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 3,790,859.73
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 807,100.85
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 588,446.55
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 811,174.10
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
Defaulted Contract Recoveries 0.00
Advance Lease Payments 362,306.66
--------------
Total Available Funds 6,359,887.89
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received 922,219.38
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 64,755.95
--------------
Total Payments to Servicer 986,975.33
==============
Back-up Servicer Fee (3.0 bp) 3,885.36
Indenture Trustee Fee (2 bp) 2,590.24
Total Payments to Trustee 6,475.59
==============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Nov-99
Payment Date 27-Dec-99
Prior Payment Date 26-Nov-99
PAYMENTS TO NOTEHOLDERS
<TABLE>
<CAPTION>
Percentage
Beginning (Regular) (Additional) End of all
Initial of Period Interest Interest Principal Principal of Period 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 30,773,014.40 5.777% 153,084.63 4,428,424.04 0.00 26,344,590.36 17.97%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 0.00 0.00 40,759,879.00 27.80%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 12.47%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 33.11%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 138,358,102.40 767,894.05 4,428,424.04 0.00 133,929,678.36 91.35%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 0.00 0.00 7,434,742.00 5.07%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 0.00 0.00 3,936,040.00 2.68%
D 1,312,013.00 1,312,013.00 10.480% 11,458.25 0.00 0.00 1,312,013.00 0.89%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 151,040,897.40 851,050.18 4,428,424.04 0.00 146,612,473.36 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------
A 86.3158% 130,324,628.64
B 5.9649% 9,006,173.70 --
C 3.1579% 4,767,974.46 --
D 1.0526% 1,589,324.41 --
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 4,428,424.04
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 6,359,887.89
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 986,975.33
Back-up Servicer Fee Paid 3,885.36
Trustee Fee Paid 2,590.24
Note Interest Paid 851,050.18
Note Principal Paid 4,428,424.04
Reserve Account Deposit 86,962.75
Reserve Account Withdrawal 0.00
------------
Remainder to Certificateholder 0.00
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Nov-99
Payment Date 27-Dec-99
Prior Payment Date 26-Nov-99
Delinquent Contracts
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 576 131,140,629.93 86.86% 3,790,859.73
1-30 94 17,850,570.57 11.82% 696,055.57
31-60 16 1,794,990.28 1.19% 98,004.20
61-90 2 45,784.39 0.03% 7,853.23
91-120 4 153,876.92 0.10% 9,261.10
Total 692 150,985,852.09 100.00% 4,602,033.83
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Nov-99
Payment Date 27-Dec-99
Prior Payment Date 26-Nov-99
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3539.05 Lutheran Medical Center 40,679.30
3539.06 Lutheran Medical Center 34,853.71
3702 Sports Club Company, Inc. 512,913.54
----------
Total 588,446.55
Lease Count 3
Defaulted Contracts
(PV @ 10/31/99)
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
006080.N10 Arthur Anderson, LLP 15,725.90
006080.N13-01 Arthur Anderson, LLP 19,522.74
006080.N13-03 Arthur Anderson, LLP 19,522.74
006742.N1-04 Fedders Corp. 18,601.36
---------
Total 73,372.75
Lease Count 4
|
|