Common use of New Notes, Payment of Expenses Clause in Contracts

New Notes, Payment of Expenses. (a) Each new Secured ------------------------------ Note issued pursuant to Section 2.06 (a "New Note") upon transfer of, in -------- exchange for or in substitution for a Secured Note (an "Old Note") shall be -------- dated as of the date of such Old Note. The Indenture Trustee shall xxxx on each New Note (i) the date to which principal and interest have been paid on the applicable old Note and (ii) all payments and prepayments of principal made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid on such New Note to the date to which interest was paid on the applicable Old Note, and all payments and prepayments of principal required to have been marked on such New Note, as provided in clause (ii) of the preceding sentence, shall be deemed to have been made thereon. All New Notes issued pursuant to Section 2.06 in exchange for or in substitution for or in lieu of Old Notes shall be valid obligations of the Owner Trustee evidencing the same debt as such Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as such Old Notes. Issuance of any New Note shall not for any purposes be deemed a further advance of funds to the Owner Trustee and the perfection and priority of the security interest in the Indenture Estate applicable to such New Note shall for all purposes be the same as that applicable to the Secured Note replaced by such New Note.

New Notes, Payment of Expenses. (a) Each new Secured Note ------------------------------ Note issued pursuant to Section 2.06 (a "New Note") issued pursuant to Section 2.06 upon transfer of, in -------- exchange for -------- or in substitution for a Secured Note (an "Old Note") shall be -------- dated as of the date of -------- such Old Note. The Indenture Trustee shall xxxx on each New Note (i) the date to which principal and interest have been paid on the applicable old Note and (ii) all payments and prepayments of principal made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid on such New Note to the date to which interest was paid on the applicable Old Note, and all payments and prepayments of principal required to have been marked on such New Note, as provided in clause (ii) of the preceding sentence, shall be deemed to have been made thereon. All New Notes issued pursuant to Section 2.06 upon transfer of, in exchange for or in substitution for or in lieu of Old Notes shall be valid obligations of the Owner Trustee evidencing the same debt as such Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as such Old Notes. Issuance of any New Note shall not for any purposes be deemed a further advance of funds to the Owner Trustee and the perfection and priority of the security interest in the Indenture Estate applicable to such New Note shall for all purposes be the same as that applicable to the Secured Old Note replaced by such New Note.

New Notes, Payment of Expenses. (a) Each new Secured Note ------------------------------ Note issued pursuant to Section 2.06 (a "New Note") upon transfer of, in -------- exchange for -------- or in substitution for a Secured Note (an "Old Note") shall be -------- dated as of the -------- date of such Old Note. The Indenture Trustee shall xxxx on each New Note (i) the date to which principal and interest have been paid on the applicable old Old Note and (ii) all payments and prepayments of principal made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid on such New Note to the date to which interest was paid on the applicable Old Note, and all payments and prepayments of principal required to have been marked on such New Note, as provided in clause (ii) of the preceding sentence, shall be deemed to have been made thereon. All New Notes issued pursuant to Section 2.06 upon transfer of, in exchange for or in substitution for or in lieu of Old Notes shall be valid obligations of the Owner Trustee evidencing the same debt as such Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as such Old Notes. Issuance of any New Note shall not for any purposes be deemed a further advance of funds to the Owner Trustee and the perfection and priority of the security interest in the Indenture Estate applicable to such New Note shall for all purposes be the same as that applicable to the Secured Old Note replaced by such New Note.

New Notes, Payment of Expenses. (a) Each new Secured ------------------------------ Note issued pursuant to Section 2.06 (a "New Note") issued pursuant to Section 2.06 upon transfer of, in -------- exchange for or in substitution for a Secured Note (an "Old Note") shall be -------- dated as of the transfer date of such Old Note. The Indenture Trustee shall xxxx on each New Note (i) the date to which principal and interest have been paid on the applicable old Old Note and (ii) all payments and prepayments of principal made on such Old Note which are allocable to such New Note. Interest shall be deemed to have been paid on such New Note to the date to which interest was paid on the applicable Old Note, and all payments and prepayments of principal required to have been marked on such New Note, as provided in clause (ii) of the preceding sentence, shall be deemed to have been made thereon. All New Notes issued pursuant to Section 2.06 in exchange for or in substitution for or in lieu of Old Notes shall be valid obligations of the Owner Grantor Trustee evidencing the same debt as such Old Notes and shall be entitled to the benefits and security of this Indenture to the same extent as such Old Notes. Issuance of any New Note shall not for any purposes be deemed a further advance of funds to the Owner Grantor Trustee and the perfection and priority of the security interest in the Indenture Estate applicable to such New Note shall for all purposes be the same as that applicable to the Secured Note replaced by such New Note.