Payment of Note Interest. (a) On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay the following amounts in the following order of priority from amounts deposited into the Series 2018-1 Distribution Account pursuant to Section 2.3:
Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 2005-2 Noteholders from the Series 2005-2 Distribution Account the amount due to the Series 2005-2 Noteholders deposited in the Series 2005-2 Distribution Account pursuant to Section 2.3.
Payment of Note Interest. On each Payment Date, the Trustee shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 2009-1 Noteholders from the Series 2009-1 Distribution Account the amount deposited in the Series 2009-1 Distribution Account for the payment of all amounts payable to the Series 2009-1 Noteholders pursuant to Section 3.3 of this Series Supplement.
Payment of Note Interest. All payments made pursuant to this Section 4.9 will be made in accordance with the written instructions of the Master Servicer. On each Payment Date:
Payment of Note Interest. All payments made pursuant to this Section 4.9 will be made in accordance with the written instructions of the Master Servicer. On each Payment Date, (i) to the extent any Series 2000-1 Monthly Interest Shortfall exists after the deposits required pursuant to Section 4.8(a) of this Supplement has been made, the Master Servicer shall instruct the Trustee or the Paying Agent to withdraw from funds on deposit in the Series 2000-1 Excess Funding Account, an amount equal to the lesser of (A) the amount on deposit in the Series 2000-1 Excess Funding Account on such Payment Date in an amount not to exceed the Series 2000-1 Available Subordinated Amount at such time, and (B) the remaining amount of the Series 2000-1 Monthly Interest Shortfall, and deposit such amount in the Series 2000-1 Distribution Account to pay the Series 2000-1 Interest Amount to each of the Series 2000-1 Noteholders and (ii) to the extent any such Series 2000-1 Monthly Interest Shortfall remains after the deposits required pursuant to clause (i) of this Section 4.9 has been made, if amounts have been drawn on the Series 2000-1 Letter of Credit and deposited into the Series 2000-1 Collection Account pursuant to Section 4.18 of this Supplement, the Master Servicer shall instruct the Trustee or the Paying Agent to withdraw from the Series 2000-1 Collection Account on such Payment Date the lesser of (A) the amount on deposit in the Series 2000-1 Collection Account representing such amount drawn on the Series 2000-1 Letter of Credit and (B) the amount of the remaining Series 2000-1 Monthly Interest Shortfall and deposit such amount in the Series 2000-1 Distribution Account to pay the Series 0000-0 Xxxxxxxx Xxxxxx. Xx each Payment Date the Paying Agent shall, in accordance with the Master Servicer's most recent Monthly Certificate, pay to each of the Series 2000-1 Noteholders from the Series 2000-1 Distribution Account the portion of the Series 2000-1 Interest Amount deposited in the Series 2000-1 Distribution Account for the payment of the Series 2000-1 Interest Amount pursuant to Section 4.8(a) of this Supplement and clauses (i) and (ii) of this Section 4.9.
Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 1997-1 Noteholders from the Series 1997-1 Distribution Account the amount deposited in the Series 1997-1 Distribution Account for the payment of interest pursuant to Section 2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 1997-1 Notes, first, amounts on deposit in the Series 1997-1 Collection Account, second, amounts on deposit in the Series 1997-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.
Payment of Note Interest. The provisions of Section 6.1 hereof ------------------------ notwithstanding, prior to the payment in full of the Senior Debt, the Debtors may pay and the Subordinated Noteholders may receive scheduled payments of interest (the "Note Interest") which are or become due and payable on the Subordinated Debt in accordance with the terms of the Indenture as in effect on the initial Closing Date, unless and until a Subordination Event has occurred and is continuing or would occur as a result of such payment, and written notice of such Subordination Event has been delivered to the Debtors, the Senior Lenders, the Indenture Trustee, as appropriate. Upon occurrence of an Event of Default which is continuing under the Credit Agreement, the Senior Loan Agent may notify the Debtors and the Indenture Trustee of such Event of Default in writing specifying (i) in reasonable detail the particular nature of the Event of Default and the date and time of its occurrence, if known or applicable, and (ii) that such Event of Default shall constitute a Subordination Event under this Agreement. Upon the failure of the Company to make any payment of Note Interest when due in accordance with the terms of the Indenture, the Indenture Trustee may notify the Debtors, the Senior Loan Agent and the Subordinated Noteholders of such Event of Default in writing (i) specifying the date and time of its occurrence, and (ii) that such Event of Default shall constitute a Subordination Event under this Agreement. Effective immediately upon delivery of such notice to the Indenture Trustee or the Debtors, all payments and receipt of Note Interest to or by the Subordinated Noteholders shall immediately cease and may thereafter resume only as provided for in Section 6.3 hereof.
Payment of Note Interest. All payments made pursuant to this Section 4.9 will be made in accordance with the written instructions of the Master Servicer. On each Payment Date, (i) to the extent any Series 1998-1 Monthly Interest Shortfall exists after the deposits required pursuant to Section 4.7 and Section 4.8(a) of this Supplement have been made, the Master Servicer shall instruct the Paying Agent to withdraw from funds on deposit in the Series 1998-1 Excess Funding Account, an amount equal to the lesser of (A) the amount on deposit in the Series 1998-1 Excess Funding Account on such Payment Date in an amount not to exceed the Series 1998-1 Available Subordinated Amount at such time, and (B) the remaining amount of the Series 1998-1 Monthly Interest Shortfall, and deposit such amount in the Series 1998-1 Distribution Account to pay the Series 1998-1 Interest Amount and any unpaid Series 1998-1 Deficiency Amounts with respect to such Series 1998-1 Monthly Interest (together with accrued interest on all such unpaid Series 1998-1 Deficiency Amounts) and (ii) to the extent any such Series 1998-1 Monthly Interest Shortfall remains after the deposits required pursuant to clause (i) of this Section 4.9 has been made, if amounts have been drawn on the Series 1998-1 Letter of Credit and deposited into the Series 1998-1 Collection Account pursuant to Section 4.18 of this Supplement, the Master Servicer shall instruct the Paying Agent to withdraw from the Series 1998-1 Collection Account - 48 -
Payment of Note Interest. (a) On any day, on which NFLP has elected or is required to prepay all or a portion of the Series 1997-1 Note Interest that will be due on the next Distribution Date NFLP shall notify the Trustee and the Master Servicer thereof in writing. If NFLP so elects to prepay Series 1997-1 Note Interest, the Paying Agent shall, in accordance with the direction of the Master Servicer delivered under Section 5.3(b), pay to the Series 1997-1 Noteholders from the Series 1997-1 Distribution Account the amount deposited in the Series 1997-1 Distribution Account for the payment of Series 1997-1 Note Interest on such day pursuant to Section 5.3(b).
Payment of Note Interest. (a) On each Distribution Date, the Collateral Agent, acting in accordance with a certificate or other statement of the Indenture Trustee based upon the Servicer Report, shall withdraw the amounts required to be withdrawn from the Collateral Account and deposit such amounts in the Series 1999-1 Distribution Account pursuant to this Section 2.3(a) in respect of all funds available for such Series 1999-1 Interest Period and allocated to the holders of the Series 1999-1 Notes pursuant to Section 5.03(b) of the Security Agreement.
