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Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-K, 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 31-Dec-99
Payment Date 25-Jan-00
Prior Payment Date 27-Dec-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 150,985,852.09
Discounted Contract Balance, ending 146,362,548.11
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 811,174.10
Past due payments received (reimbursed per this report) 785,279.42
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) 607,904.83
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 633,799.51
==============
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 433,136.22
--------------
Total Advance Lease Payments Received 433,136.22
==============
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 1,541,906.64
Required Reserve Fund Amount (min $1,749,351.04 or Aggregate Note Balance) 1,749,351.04
Excess (Shortfall) (207,444.40)
Deposit from (Release to) Certificateholder 207,444.40
--------------
Reserve Account balance, ending 1,749,351.04
==============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 3,933,318.45
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 785,279.42
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 984,489.87
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 633,799.51
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
Defaulted Contract Recoveries 0.00
Advance Lease Payments 433,136.22
--------------
Total Available Funds 6,770,023.47
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received, prior advance 811,174.10
Past due payments due, current advance (633,799.51)
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 62,910.77
Excess Cash 238,333.92
--------------
Total Payments to Servicer 478,619.28
==============
Back-up Servicer Fee (3.0 bp) 3,774.65
Indenture Trustee Fee (2 bp) 2,516.43
Total Payments to Trustee 6,291.08
==============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Dec-99
Payment Date 25-Jan-00
Prior Payment Date 27-Dec-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 26,344,590.36 5.777% 122,599.67 4,623,303.98 0.00 21,721,286.38 15.30%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 0.00 0.00 40,759,879.00 28.71%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 12.87%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 34.19%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 133,929,678.36 737,409.09 4,623,303.98 0.00 129,306,374.38 91.07%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 0.00 0.00 7,434,742.00 5.24%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 0.00 0.00 3,936,040.00 2.77%
D 1,312,013.00 1,312,013.00 0.480% 11,458.25 0.00 0.00 1,312,013.00 0.92%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 146,612,473.36 820,565.22 4,623,303.98 0.00 141,989,169.38 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------------------
A 86.3158% 126,333,987.36
B 5.9649% 8,730,397.67 --
C 3.1579% 4,621,975.38 --
D 1.0526% 1,540,658.07 --
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 4,623,303.98
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 6,770,023.47
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 874,084.87
Back-up Servicer Fee Paid 3,774.65
Trustee Fee Paid 2,516.43
Note Interest Paid 820,565.22
Note Principal Paid 4,623,303.98
Reserve Account Deposit 207,444.40
Reserve Account Withdrawal 0.00
------------
Remainder to Certificateholder 238,333.92
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Dec-99
Payment Date 25-Jan-00
Prior Payment Date 27-Dec-99
Delinquent Contracts
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 597 126,805,202.78 86.64% 3,933,318.45
1-30 80 18,905,514.78 12.92% 605,492.96
31-60 12 594,775.44 0.41% 26,552.75
61-90 3 57,055.11 0.04% 1,753.80
91-120 0 0.00 0.00% 0.00
Total 692 146,362,548.11 100.00% 4,567,117.96
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Dec-99
Payment Date 25-Jan-00
Prior Payment Date 27-Dec-99
Prepayed Contracts
----------------------------------------------------------------
Lease Number Lessee ADLB
----------------------------------------------------------------
3438 Alpha Plastics, Inc. 984,489.87
Defaulted Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB Recoveries Net Loss
--------------------------------------------------------------------------------
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