Common use of Payment of Note Interest Clause in Contracts

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. 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 19972000-1 3 Noteholders from the Series 19972000-1 3 Distribution Account the amount deposited in the Series 19972000-1 3 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 19972000-1 3 Notes, first, amounts on deposit in the Series 19972000-1 3 Collection Account, second, amounts on deposit in the Series 19972000-1 3 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.

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 19971998-1 Noteholders from the Series 19971998-1 Distribution Account the amount deposited in the Series 19971998-1 Distribution Account for the payment of interest pursuant to Section 2.3(aSection-2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 19971998-1 Notes, first, amounts on deposit in the Series 19971998-1 Collection Account, second, amounts on deposit in the Series 19971998-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.

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 19972001-1 Noteholders from the Series 19972001-1 Distribution Account the amount deposited in the Series 19972001-1 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 19972001-1 Notes, first, amounts on deposit in the Series 19972001-1 Collection Account, second, amounts on deposit in the Series 19972001-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.