|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-K, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-K, EX-19.2, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Oct-99
Payment Date 26-Nov-99
Prior Payment Date 25-Oct-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 161,055,504.56
Discounted Contract Balance, ending 155,414,276.13
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 715,707.18
Past due payments received (reimbursed per this report) 557,935.23
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) 764,447.43
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 922,219.38
==============
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 399,785.18
--------------
Total Advance Lease Payments Received 399,785.18
==============
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 (294,407.15)
--------------
Reserve Account balance, ending 1,454,943.89
==============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 3,974,853.92
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 557,935.23
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 1,166,508.59
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 922,219.38
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
Defaulted Contract Recoveries 0.00
Advance Lease Payments 399,785.18
--------------
Total Available Funds 7,021,302.30
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received 715,707.18
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 67,106.46
--------------
Total Payments to Servicer 782,813.64
==============
Back-up Servicer Fee (3.0 bp) 4,026.39
Indenture Trustee Fee (2 bp) 2,684.26
Total Payments to Trustee 6,710.65
==============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Oct-99
Payment Date 26-Nov-99
Prior Payment Date 25-Oct-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 36,414,242.83 5.777% 186,991.18 5,641,228.43 0.00 30,773,014.40 20.37%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 0.00 0.00 40,759,879.00 26.99%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 12.10%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 32.14%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 143,999,330.83 801,800.60 5,641,228.43 0.0 138,358,102.40 91.60%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 0.00 0.00 7,434,742.00 4.92%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 0.00 0.00 3,936,040.00 2.61%
D 1,312,013.00 1,312,013.00 10.480% 11,458.25 0.00 0.00 1,312,013.00 0.87%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 156,682,125.83 884,956.73 5,641,228.43 0.00 151,040,897.40 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------
A 86.3158% 134,147,057.77
B 5.9649% 9,270,325.31 --
C 3.1579% 4,907,819.43 --
D 1.0526% 1,635,939.39 --
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 5,641,228.43
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 7,021,302.30 (294,407.15)
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 782,813.64
Back-up Servicer Fee Paid 4,026.39
Trustee Fee Paid 2,684.26
Note Interest Paid 884,956.73
Note Principal Paid 5,641,228.43
Reserve Account Deposit 0.00
Reserve Account Withdrawal (294,407.15)
------------
Remainder to Certificateholder 0.00
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Oct-99
Payment Date 26-Nov-99
Prior Payment Date 25-Oct-99
Delinquent Contracts
<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 560 133,528,826.45 85.92% 3,974,853.92
1-30 99 19,255,203.53 12.39% 764,447.43
31-60 15 1,881,249.79 1.21% 122,765.64
61-90 12 639,420.57 0.41% 28,586.70
91-120 6 109,575.79 0.07% 6,419.61
Total 692 155,414,276.13 100.00% 4,897,073.30
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Oct-99
Payment Date 26-Nov-99
Prior Payment Date 25-Oct-99
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3607 Authentic Fitness Corporation 405,358.98
3210.01 Apex Engineering, Inc. 23,907.16
3210.02 Apex Engineering, Inc. 64,741.53
3334 Apex Engineering, Inc. 115,086.60
3577 Southern Towing Company 557,414.32
------------
Total 1,166,508.59
Lease Count 5
Defaulted Contracts
(PV @ 9/30/99)
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
006080.N13-04 Arthur Anderson, LLP 19,825.88
3380.01 Regency Health Services, Inc. 266,400.87
3380.04 Regency Health Services, Inc. 137,108.31
----------
Total 423,335.06
Lease Count 3
|
|