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Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.2, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Jun-00
Payment Date 25-Jul-00
Prior Payment Date 26-Jun-00
<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 122,946,109.57
Discounted Contract Balance, ending 115,037,008.73
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 724,164.02
Past due payments received (reimbursed per this report) 624,708.64
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) 646,612.00
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 746,067.38
==============
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 396,257.10
--------------
Total Advance Lease Payments Received 396,257.10
==============
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 1,647,580.15
Required Reserve Fund Amount (min $1,749,351.04 or Aggregate Note Balance) 1,749,351.04
Excess (Shortfall) (101,770.89)
Deposit from (Release to) Certificateholder 93,582.38
Reserve Account Interest 8,188.51
--------------
Reserve Account balance, ending 1,749,351.04
==============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 3,668,775.60
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 624,708.64
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 3,754,742.23
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 746,067.38
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
NSF payments prior month 0.00
Distribution Account Interest 20,316.97
Advance Lease Payments 396,257.10
--------------
Total Available Funds 9,210,867.92
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received, prior advance 724,164.02
Past due payments due, current advance (746,067.38)
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 51,227.55
Excess Cash 16,383.23
--------------
Total Net Payments due to (from) Servicer 45,707.41
==============
Back-up Servicer Fee (3.0 bp) 3,073.65
Indenture Trustee Fee (2 bp) 2,049.10
--------------
Total Payments to Trustee 5,122.75
==============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Jun-00
Payment Date 25-Jul-00
Prior Payment Date 26-Jun-00
PAYMENTS TO NOTEHOLDERS
<TABLE>
<CAPTION>
Percentage
Beginning (Regular) (Additional) End of all
Initial 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 0.00 5.777% 0.00 0.00 0.00 0.00 0.00%
A-2 40,759,879.00 39,296,695.05 6.590% 215,804.35 6,826,802.98 0.00 32,469,892.07 29.25%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 16.47%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 43.73%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 106,121,904.05 606,774.10 6,826,802.98 0.00 99,295,101.07 89.45%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,333,627.66 7.300% 44,612.90 471,770.95 0.00 6,861,856.71 6.18%
C 3,936,040.00 3,882,508.88 8.070% 26,109.87 249,761.10 0.00 3,632,747.78 3.27%
D 1,312,013.00 1,294,169.30 10.480% 11,302.41 83,253.68 0.00 1,210,915.62 1.09%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 118,632,209.88 688,799.28 7,631,588.70 0.00 111,000,621.18 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
------------------------------------------------------------------
A 86.3158% 99,295,101.07
B 5.9649% 6,861,856.71 --
C 3.1579% 3,632,747.78 --
D 1.0526% 1,210,915.62 --
(Retained) Certificate Balance 4,313,899.69
Monthly Principal Amount 7,909,100.84
Overcollateralization Balance (prior) 4,313,899.69
Overcollateralization Balance (current) 4,036,387.55
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 9,210,867.92
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 775,391.57
Back-up Servicer Fee Paid 3,073.65
Trustee Fee Paid 2,049.10
Note Interest Paid 688,799.28
Note Principal Paid 7,631,588.70
Reserve Account Deposit 93,582.38
------------
Remainder to Certificateholder 16,383.23
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Jun-00
Payment Date 25-Jul-00
Prior Payment Date 26-Jun-00
Delinquent Contracts
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 539 99,435,947.68 86.55% 3,668,775.60
1-30 91 14,309,229.81 12.45% 646,612.00
31-60 15 1,029,684.84 0.90% 59,069.43
61-90 5 113,843.64 0.10% 36,607.94
91-120 1 2,357.22 0.00% 3,778.01
Total 651 114,891,063.19 100.00% 4,414,842.98
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Jun-00
Payment Date 25-Jul-00
Prior Payment Date 26-Jun-00
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3803 General Telecom, Inc. 407,853.01
3874.01 General Telecom, Inc. 291,374.35
3889 GTCA, Inc. 218,119.18
3889.02 GTCA, Inc. 51,747.79
3249 Europadisk, LTD. 169,850.73
3371.01 Teleview Racing Patrol, Inc. 317,946.74
3343 Dr. Pepper Bottling Co. of Paragould, Inc. 195,467.73
003893.P1 Micron Technology, Inc. 1,681,906.08
3893 Micron Technology, Inc. 420,476.62
Total $ 3,754,742.23
==============
Total number of contracts 9.00
--------------
Defaulted Contracts
------------------------------------------------------------------------------------------------------------
Lease Number Lessee ADLB Recoveries Net Loss
------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
006080.N10 Arthur Anderson, LLP 13,716.82 1,842.00 11,874.82
006080.N13-01 Arthur Anderson, LLP 18,306.16 2,135.65 16,170.51
006080.N13-03 Arthur Anderson, LLP 18,306.16 2,989.91 15,316.25
006080.N13-04 Arthur Anderson, LLP 18,306.16 2,135.65 16,170.51
3380.01 Regency Health Services, Inc. 82,158.36 -- 82,158.36
3380.04 Regency Health Services, Inc. 121,205.16 -- 121,205.16
006742.N1-04 Fedders Corp. 16,237.86 1,406.70 14,831.16
------------------------------------------------
Total $ 288,236.68 $ 10,509.91 $ 277,726.77
================================================
Total number of contracts 7.00
------------
</TABLE>
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