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Previous: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.1, 2000-10-19 |
Next: CHARTER EQUIPMENT LEASE 1999-1 LLC, 10-Q, EX-19.3, 2000-10-19 |
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-May-00
Payment Date 26-Jun-00
Prior Payment Date 25-May-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 126,875,966.66
Discounted Contract Balance, ending 122,946,109.57
B PAST DUE LEASE PAYMENTS
Past due balance, beginning 586,084.94
Past due payments received (reimbursed per this report) 475,469.10
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) 613,548.18
Past dues on Replacement Leases 0.00
--------------
Past due balance, ending 724,164.02
==============
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 222,013.05
--------------
Total Advance Lease Payments Received 222,013.05
==============
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 1,598,910.46
Required Reserve Fund Amount (min $1,749,351.04 or Aggregate Note Balance) 1,749,351.04
Excess (Shortfall) (150,440.58)
Deposit from (Release to) Certificateholder 48,669.68
--------------
Reserve Account balance, ending 1,647,580.15
==============
F AVAILABLE FUNDS (COLLECTION ACCOUNT)
Regular monthly Lease Payments 3,772,905.04
Reinvestment Income from Collection Account and Reserve Account 0.00
Past due payments received 475,469.10
Past due payments due on Early Termination (From Seller) 0.00
Proceeds from Prepayments not replaced 78,173.95
Recoveries on Non-Performing Leases not Substituted 0.00
Servicer Advances 724,164.02
Casualty and Termination Payments 0.00
Expired Contract Proceeds 0.00
NSF payments prior month 0.00
Advance Lease Payments 222,013.05
--------------
Total Available Funds 5,272,725.16
==============
G PAYMENTS TO THE SERVICER AND TRUSTEE
Past due payments received, prior advance 586,084.94
Past due payments due, current advance (724,164.02)
Past due payments advanced on Disqualified Leases 0.00
Advance payments on Disqualified Leases 0.00
Servicer Fee 52,864.99
Excess Cash 0.00
--------------
Total Net Payments due to (from) Servicer (85,214.09)
==============
Back-up Servicer Fee (3.0 bp) 3,171.90
Indenture Trustee Fee (2 bp) 2,114.60
--------------
Total Payments to Trustee 5,286.50
==============
</TABLE>
<PAGE>
Monthly Servicer Report
Closing Date 31-May-00
Payment Date 26-Jun-00
Prior Payment Date 25-May-00
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 2,234,704.93 5.777% 11,475.46 2,234,704.93 0.00 0.00 0.00%
A-2 40,759,879.00 40,759,879.00 6.590% 223,839.67 1,463,183.95 0.00 39,296,695.05 33.12%
A-3 18,280,718.00 18,280,718.00 6.890% 104,961.79 0.00 0.00 18,280,718.00 15.41%
A-4 48,544,491.00 48,544,491.00 7.070% 286,007.96 0.00 0.00 48,544,491.00 40.92%
------------------------------------------------------------------------------------------------------------------------------------
Class A 157,878,930.00 109,819,792.93 626,284.88 3,697,888.88 0.00 106,121,904.05 89.45%
------------------------------------------------------------------------------------------------------------------------------------
B 7,434,742.00 7,434,742.00 7.300% 45,228.01 101,114.34 0.00 7,333,627.66 6.18%
C 3,936,040.00 3,936,040.00 8.070% 26,469.87 53,531.12 0.00 3,882,508.88 3.27%
D 1,312,013.00 1,312,013.00 10.480% 11,458.25 17,843.70 0.00 1,294,169.30 1.09%
------------------------------------------------------------------------------------------------------------------------------------
Total Notes 170,561,725.00 122,502,587.93 709,441.01 3,870,378.05 0.00 118,632,209.88 100.00%
------------------------------------------------------------------------------------------------------------------------------------
0.03076923
</TABLE>
Target
(defined) Investor
Class Principal Class
Class Percentage Amount Floors
--------------------------------------------------------------------------------
A 86.3158% 106,121,903.82
B 5.9649% 7,333,627.64 --
C 3.1579% 3,882,508.87 --
D 1.0526% 1,294,169.29 --
(Retained) Certificate Balance 4,373,378.73
Monthly Principal Amount 3,929,857.09
Overcollateralization Balance (prior) 4,373,378.73
Overcollateralization Balance (current) 4,313,899.69
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 5,272,725.16
Reserve Account Draw 0.00
Servicing Fee Paid & Reimb. of Advances 638,949.93
Back-up Servicer Fee Paid 3,171.90
Trustee Fee Paid 2,114.60
Note Interest Paid 709,441.01
Note Principal Paid 3,870,378.05
Reserve Account Deposit 48,669.68
Reserve Account Withdrawal 0.00
------------
Remainder to Certificateholder 0.00
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-May-00
Payment Date 26-Jun-00
Prior Payment Date 25-May-00
Delinquent Contracts
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------
Days Delinquent Number of Leases Agg Contract Balance Percentage Agg Monthly Payment
---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Current 535 105,054,714.95 85.45% 3,772,905.04
1-30 93 16,520,437.70 13.44% 454,774.53
31-60 17 1,249,907.46 1.02% 19,227.90
61-90 5 118,111.46 0.10% 1,466.67
91-120 1 2,938.00 0.00% 0.00
Total 651 122,946,109.57 100.00% 4,248,374.14
</TABLE>
** Minor differences attributable to rounding.
<PAGE>
Charter Equipment Lease 1999-1
Monthly Servicer Report
Closing Date 31-May-00
Payment Date 26-Jun-00
Prior Payment Date 25-May-00
Prepayed Contracts
--------------------------------------------------------------------------------
Lease Number Lessee ADLB
--------------------------------------------------------------------------------
3449 Duck Head Apparel Company, Inc. 70,953.10
006098.N1 Industrial Developments International, Inc. 7,220.85
Total $ 78,173.95
===========
Total number of contracts 2.00
-----------
Defaulted Contracts
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
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 2,135.65 16,170.51
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
006742.N1-04 Fedders Corp. 16,237.86 1,406.70 14,831.16
---------------------------------------
Total $167,031.52 $ 9,655.65 $157,375.87
=======================================
Total number of contracts 6.00
-----------
</TABLE>
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