Common use of Payment Covenant Clause in Contracts

Payment Covenant. The Issuer shall duly and punctually pay the principal of and interest on, if any, the Notes in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment Covenant. The Issuer shall duly and punctually pay the principal of and interest oninterest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment Covenant. The Issuer shall duly and punctually pay the principal of and interest oninterest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.. SECTION 3.2

Payment Covenant. The Issuer shall duly and punctually pay the principal of and interest oninterest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest (with respect to the Class A Notes) and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.