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Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.2, 2000-10-19 |
Next: SPORTING MAGIC INC, 8-K/A, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Sep-99
Payment Date 25-Oct-99
Prior Payment Date 27-Sep-99
<TABLE>
<CAPTION>
<S> <C>
A AGGREGATE DISCOUNTED LEASE BALANCE (Discount Rate = 7.505%)
Initial Aggregate Discounted Lease Balance 169,385,933.63
Discounted Contract Balance, beginning 165,149,715.66
Discounted Contract Balance, ending 161,055,504.56
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 582,321.55
Past due payments received (reimbursed per this report) 505,757.78
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) 639,143.41
Past dues on Replacement Leases 0.00
---------------
Past due balance, ending 715,707.18
===============
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 314,838.44
---------------
Total Advance Lease Payments Received 314,838.44
===============
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 4,010,372.04
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 505,757.78
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 148,618.72
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 715,707.18
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
Defaulted Contract Recoveries 0.00
Advance Lease Payments 314,838.44
===============
Total Available Funds 5,695,294.16
===============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received 582,321.55
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 68,812.38
===============
Total Payments to Servicer 651,133.93
===============
Back-up Servicer Fee (3.0 bp) 4,128.74
Indenture Trustee Fee (2 bp) 2,752.50
Total Payments to Trustee 6,881.24
===============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Sep-99
Payment Date 25-Oct-99
Prior Payment Date 27-Sep-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 40,508,453.93 5.777% 182,013.49 4,094,211.10 0.00 36,414,242.83 23.24%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 0.00 0.00 40,759,879.00 26.01%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 11.67%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 30.98%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 148,093,541.93 796,822.90 4,094,211.10 0.00 143,999,330.83 91.91%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 0.00 0.00 7,434,742.00 4.75%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 0.00 0.00 3,936,040.00 2.51%
D 1,312,013.00 1,312,013.00 10.480% 11,458.25 0.00 0.00 1,312,013.00 0.84%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 160,776,336.93 879,979.03 4,094,211.10 0.00 156,682,125.83 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------------------
A 90.3377% 145,493,881.20
B 6.2429% 10,054,455.40 -
C 3.3050% 5,322,947.14 -
D 1.1017% 1,774,315.26 -
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 4,094,211.10
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 5,695,294.16
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 651,133.93
Back-up Servicer Fee Paid 4,128.74
Trustee Fee Paid 2,752.50
Note Interest Paid 879,979.03
Note Principal Paid 4,094,211.10
Reserve Account Deposit 0.00
Remainder to Certificateholder 63,088.86
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Sep-99
Payment Date 25-Oct-99
Prior Payment Date 27-Sep-99
Delinquent Contracts
<TABLE>
<PAGE>
-----------------------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
-----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 571 139,210,349.77 86.44% 4,010,372.04
1-30 96 19,699,119.06 12.23% 639,143.41
31-60 12 1,926,769.40 1.20% 66,291.49
61-90 9 150,846.12 0.09% 10,272.28
91-120 4 68,420.21 0.04% 0.00
over 120 0 0.00 0.00% 0.00
Total 692 161,055,504.56 100.00% 4,726,079.22
</TABLE>
** Minor differences attributable to rounding.
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 30-Sep-99
Payment Date 25-Oct-99
Prior Payment Date 27-Sep-99
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3284.3 Danella Rental Systems, Inc. 7,316.94
3284.34 Danella Rental Systems, Inc. 6,941.44
3284.35 Danella Rental Systems, Inc. 6,941.44
3673 The Hanson Group, Ltd. 127,418.90
Total 148,618.72
Lease Count 4
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