|
|
|
|
|
|
|
|
|
|
Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.2, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Jan-00
Payment Date 25-Feb-00
Prior Payment Date 25-Jan-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 146,362,548.11
Discounted Contract Balance, ending 141,419,166.83
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 633,799.51
Past due payments received (reimbursed per this report) 495,503.42
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) 666,375.41
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 804,671.50
==============
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 392,059.98
--------------
Total Advance Lease Payments Received 392,059.98
==============
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
Excess (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 3,893,144.60
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 495,503.42
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 947,782.95
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 804,671.50
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
NSF payments prior month (1,370.74)
Advance Lease Payments 392,059.98
--------------
Total Available Funds 6,531,791.71
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received, prior advance 633,799.51
Past due payments due, current advance (804,671.50)
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 60,984.40
Excess Cash 81,506.98
--------------
Total Net Payments due to (from) Servicer (28,380.61)
==============
Back-up Servicer Fee (3.0 bp) 3,659.06
Indenture Trustee Fee (2 bp) 2,439.38
--------------
Total Payments to Trustee 6,098.44
==============
</TABLE>
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Jan-00
Payment Date 25-Feb-00
Prior Payment Date 25-Jan-00
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 21,721,286.38 5.777% 108,055.56 4,943,381.28 0.00 16,777,905.10 12.24%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 0.00 0.00 40,759,879.00 29.74%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 13.34%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 35.42%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 129,306,374.38 722,864.97 4,943,381.28
0.00 124,362,993.10 90.75%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 0.00 0.00 7,434,742.00 5.43%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 0.00 0.00 3,936,040.00 2.87%
D 1,312,013.00 1,312,013.00 10.480% 11,458.25 0.00 0.00 1,312,013.00 0.96%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 141,989,169.38 806,021.10 4,943,381.28 0.00 137,045,788.10 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------------------
A 86.3158% 122,067,068.84
B 5.9649% 8,435,529.31 --
C 3.1579% 4,465,868.59 --
D 1.0526% 1,488,622.49 --
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 4,943,381.28
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 6,531,791.71
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 694,783.91
Back-up Servicer Fee Paid 3,659.06
Trustee Fee Paid 2,439.38
Note Interest Paid 806,021.10
Note Principal Paid 4,943,381.28
Reserve Account Deposit 0.00
Reserve Account Withdrawal 0.00
------------
Remainder to Certificateholder 81,506.98
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Jan-00
Payment Date 25-Feb-00
Prior Payment Date 25-Jan-00
Delinquent Contracts
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 551 120,039,415.85 84.88% 3,893,144.60
1-30 77 18,431,418.59 13.03% 665,004.67
31-60 26 2,473,868.85 1.75% 119,593.03
61-90 5 474,463.54 0.34% 20,073.80
91-120 0 0.00 0.00% 0.00
Total 659 141,419,166.83 100.00% 4,697,816.10
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-Jan-00
Payment Date 25-Feb-00
Prior Payment Date 25-Jan-00
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3337 Mercury Plastics Engineering, Inc. 160,640.71
3374 First Impression Printing Company, Inc. 134,275.30
3253 Tech Pak, Inc. 278,578.58
3434 Carpenter Printing 24,942.70
3335 Tech Pak, Inc. 36,565.74
3357 Carpenter Printing 312,779.92
------------
Total $ 947,782.95
============
Total number of contracts 6.00
============
Defaulted Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB Recoveries Net Loss
--------------------------------------------------------------------------------
None
|
|