Common use of Payment of Principal and Interest; Defaulted Interest Clause in Contracts

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 68 contracts

Samples: Indenture (Honda Auto Receivables 2010-3 Owner Trust), Indenture (Honda Auto Receivables 2008-2 Owner Trust), Indenture (American Honda Receivables LLC)

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Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest on their Outstanding balance at the related their Note Rate before and after maturity. Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinin Section 8.03 or 5.05, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person person in whose name such the Note (or one or more Predecessor Notesits predecessor Note) is registered on the Record Date by wire transfer of immediately available funds to the account designated by the Holder at a bank or other entity having appropriate facilities, if the Holder has so notified the Indenture Trustee in writing at least five Business Days before the Record Date and is either the Depository or owner of record of Notes having an aggregate principal amount of at least $1,000,000, and otherwise by check mailed first-class postage prepaid to such Person’s the Holder's address as it appears on the Note Register on such the Record Date, except thator by any other means the Noteholder and the Indenture Trustee agree to, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such on the Note on a Payment Date, a Redemption redemption date, or the Scheduled Maturity Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 19 contracts

Samples: Custodial Agreement (Cwabs Inc Revolving Home Eq Ln Asst Back NTS Ser 2004-A), Indenture (Cwabs Inc), Custodial Agreement (Cwabs Inc Revolving Home Equity Loan Notes Series 2004-C)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified thereinin Article Five of the Sale and Servicing Agreement and in the form of the related Note set forth as an Exhibit hereto, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for be, which, in the Redemption Price for any Note called for case of the payment of a redemption pursuant to Section 10.0110.01(a), which shall be payable pursuant to Section 9.01(e) of the Sale and Servicing Agreement, and in each other case shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 17 contracts

Samples: Indenture (WFS Receivables Corp), Indenture (WFS Financial 2004-4 Owner Trust), Indenture (WFS Receivables Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest on its Outstanding Amount at the related its Note Rate before and after maturity. Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinin Section 8.03 or 5.05, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person person in whose name such the Note (or one or more Predecessor Notesits predecessor Note) is registered on the Record Date by wire transfer of immediately available funds to the account designated by the Holder at a bank or other entity having appropriate facilities, if the Holder has so notified the Indenture Trustee in writing at least five Business Days before the Record Date and is either the Depository or owner of record of Notes having an aggregate principal amount of at least $1,000,000, and otherwise by check mailed first-class postage prepaid to such Person’s the Holder's address as it appears on the Note Register on such the Record Date, except thator by any other means the Noteholder and the Indenture Trustee agree to, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such on the Note on a Payment Date, a Redemption redemption date, or the Scheduled Maturity Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note Class of Notes called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 14 contracts

Samples: Custodial Agreement (CWHEQ, Inc.), Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-B), Custodial Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-T)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 13 contracts

Samples: American Honda Receivables Corp, American Honda Receivables Corp, Honda Auto Receivables 2007-3 Owner Trust

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date or by wire transfer of immediately available funds to a U.S. dollar account maintained by such Person; provided, that the wiring instructions have been received by the Indenture Trustee on or before the related Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for or, if a wire transfer cannot be effected, by a U.S. dollar check mailed to the Clearing Agency or its nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which 10.1) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.036.17.

Appears in 11 contracts

Samples: Indenture (GE TF Trust), Indenture (GE Equipment Midticket LLC, Series 2013-1), Indenture (GE Equipment Transportation LLC, Series 2013-2)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in this Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified thereinherein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0112.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 11 contracts

Samples: Indenture (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note), Indenture (Uacsc 2001-C Owner Trust), Indenture (Uacsc 2000-a Owner Trust Auto Rec Backed Notes)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest RateNote Rate as set forth in the Sale and Servicing Agreement, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 Section 3.1 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related applicable Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 10 contracts

Samples: Indenture (Imc Securities Inc), Indenture (Imc Home Equity Loan Owner Trust 1997-8), Indenture (Imc Home Equity Loan Owner Trust 1998-4)

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 10 contracts

Samples: Indenture (Case Receivables Ii Inc), Indenture (Case Receivables Ii Inc), Indenture (Case Receivables Ii Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 10 contracts

Samples: Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial 1997-D Owner Trust)

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 8 contracts

Samples: Indenture (CNH Equipment Trust 2019-B), Indenture (CNH Equipment Trust 2021-B), Indenture (CNH Equipment Trust 2019-C)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate and the Class A-4 Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit A-3 and Exhibit A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer as directed by such Holder provided such Holder has provided written wiring instructions to the Indenture Trustee and otherwise by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 7 contracts

Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Vehicle Owner Trust 2019-A), Indenture (BMW Vehicle Owner Trust 2019-A)

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2a Notes, A-2b Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2a Note Rate, the A-2b Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 6 contracts

Samples: Indenture (CNH Equipment Trust 2015-B), Indenture (CNH Equipment Trust 2015-C), Indenture (CNH Equipment Trust 2015-C)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, Class A-2 Note, Class A-3 Note and Class A-4 Note set forth in Exhibits D, E, F and G, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 5 contracts

Samples: Indenture (John Deere Owner Trust 2013), Indenture (John Deere Owner Trust 2011), John Deere Owner Trust 2015-B

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified thereinin Article Five of the Sale and Servicing Agreement and in the form of the related Note set forth as an Exhibit hereto, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 5 contracts

Samples: Indenture (WFS Receivables Corp 2), Indenture (WFS Financial Auto Loans Inc), WFS Receivables Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate and the Class A-4 Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit A-3 and Exhibit A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee, if an account is so designated; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Stated Maturity Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 5 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2010-B), Hyundai Auto Receivables Trust 2009-A, Hyundai Auto Receivables Trust 2008-A

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date or by wire transfer of immediately available funds to a U.S. dollar account maintained by such Person; provided, that the wiring instructions have been received by the Indenture Trustee on or before the related Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for or, if a wire transfer cannot be effected, by a U.S. dollar check mailed to the Clearing Agency or its nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which 10.1) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.036.16.

Appears in 4 contracts

Samples: Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Midticket LLC, Series 2011-1), Indenture (GE Equipment Midticket LLC, Series 2012-1)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date or by wire transfer in immediately available funds to a U.S. dollar account maintained by such Person; provided, that wiring instructions have been received by the Indenture Trustee on or before the related Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for or, if a wire transfer cannot be effected, by a U.S. dollar check mailed to the Clearing Agency or its nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which 10.1) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.036.17.

Appears in 4 contracts

Samples: Indenture (GE Equipment Transportation LLC, Series 2012-2), Indenture (GE Equipment Transportation LLC, Series 2012-1), Indenture (GE Equipment Transportation LLC, Series 2012-2)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest during each Interest Accrual Period at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 Section 3.01. Interest accrued on any Note but not paid on any Distribution Date will be due on the immediately succeeding Distribution Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related Interest Rate. Interest on the Notes shall be calculated on the basis of a 360-day year of twelve 30-day months, except for the Class A-1 Notes, which shall be calculated on the basis of a 360-day year and 11.12 hereofthe actual number of days in the related Interest Accrual Period. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 4 contracts

Samples: Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp), Onyx Acceptance Financial Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes and the Class A-4 Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2a Rate, the Class A-2b Rate, the Class A-3 Rate and the Class A-4 Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit X-0, Xxxxxxx X-0 and Exhibit A-5, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer as directed by such Holder provided such Holder has provided written wiring instructions to the Indenture Trustee and otherwise by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 4 contracts

Samples: Indenture (BMW Vehicle Owner Trust 2016-A), Trust Agreement (BMW Vehicle Owner Trust 2018-A), Indenture (BMW Vehicle Owner Trust 2016-A)

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 4 contracts

Samples: Indenture (CNH Equipment Trust 2017-A), Indenture (CNH Equipment Trust 2017-A), Indenture (CNH Equipment Trust 2016-C)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at as provided in the related Interest Rateapplicable form of such Class set forth in Exhibits A-1 through A-8 respectively, and such interest accrued on each Class of Notes shall be due and payable on each Payment applicable Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, with respect to each Class of Notes payable on any applicable Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related applicable Note Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 4 contracts

Samples: Note Purchase Agreements (National Collegiate Student Loan Trust 2005-2), www.snl.com, www.snl.com

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateform of the Notes, set forth in Exhibit D, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 4 contracts

Samples: Oxford Resources Corp, Oxford Resources Corp, Barnett Auto Receivables Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note and the Class A-2 Note set forth in Exhibits D-1 and D-2, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 3 contracts

Samples: Indenture (TMS Auto Holdings Inc), FCC Receivables Corp, Franklin Receivables LLC

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note, the Class A-3 Note and the Class A-4 Note set forth in Exhibits D-1, D-2, D-3 and D-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 3 contracts

Samples: Note Depository Agreement (Franklin Receivables Auto Trust 2003-1), Note Depository Agreement (Franklin Auto Trust 2003-2), Note Depository Agreement (Franklin Auto Trust 2004-2)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest at the related Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate, the Class A-4 Interest Rate and the Class B Interest Rate, respectively, as set forth in Exhibits X-0, X-0, X-0, X-0 and A-5, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.13, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be applicable class final scheduled Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (Premier Auto Trust 1998-1), Indenture (Premier Auto Trust 1997 1), Premier Auto Trust 1998-3

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (Honda Auto Receivables 2002-3 Owner Trust), Indenture (Honda Auto Receivables 2002-4 Owner Trust), Honda Auto Receivables 2002-2 Owner Trust

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes and the Class A-2 Notes shall accrue interest at the related Class A-1 Interest Rate and the Class A-2 Interest Rate, respectively, as set forth in Exhibit A-1 and Exhibit A-2, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-first- class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, that (i) unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for (ii) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be applicable class final scheduled Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), which shall ) will be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Goldman Sachs Asset Backed Securities Corp, Asset Backed Securities Corp, Gs Mortgage Securities Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer transfer, if such Person is either DTC or its nominee or if such Person provides written instructions to the Indenture Trustee at least ten days prior to the Payment Date, otherwise by check, in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled final Payment Date, as the case may be (and except for the Redemption Price Date Amount for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below; provided, however, that if Definitive Notes are made available under Section 2.11, payments may be made to such Persons by either wire transfer or check. The Any funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (Greatamerica Leasing Receivables 2001-1 LLC), Indenture (Greatamerica Leasing Receivables 2000-1 LLC), Indenture (Greatamerica Leasing Receivables 2000-1 LLC)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes and the Class A-2 Notes shall accrue interest at the related Interest Class A-1 Rate and the Class A-2 Rate, respectively, as set forth in Exhibits A-1 and A-2, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date (i) by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of Class A-1 Note, Class A-2 Note and Subordinate Note set forth in Exhibits X-0, X-0 xxx X-0, respectively, and such interest shall be due and payable on each Quarterly Payment Date as specified therein, subject subject, in each case, to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Quarterly Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer if such Person holds Notes in an aggregate original principal amount in excess of $1,000,000 and provides appropriate written instructions to the Indenture Trustee no later than such Record Date, and otherwise by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Senior Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Quarterly Payment Date, a Redemption Date or on the related Class A-1 Note Final Scheduled Payment Maturity Date, the Class A-2 Note Final Maturity Date or the Subordinate Note Final Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01)be, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Wells Fargo Student Loans Receivables I LLC, SMS Student Loan Trust 2000-B, SMS Student Loan Trust 2000-A

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate and the Class A-4 Rate, respectively, as set forth in Exhibit A-0, Xxxxxxx X-0, Exhibit A-3 and Exhibit A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer as directed by such Holder provided such Holder has provided written wiring instructions to the Indenture Trustee and otherwise by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Vehicle Owner Trust 2011-A), Indenture (BMW Vehicle Owner Trust 2011-A)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Note Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified thereinin Exhibit A hereto, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be applicable Maturity Date for such Class of Notes (and except for the Redemption Termination Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided belowin Section 2.06(b). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Home Equity Securitization Corp, Residential Asset Funding Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid wire transfer in immediately available funds to the account designated by such Person’s address as it appears on the Note Register on such Record Date, except that, unless . Unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 3 contracts

Samples: Indenture (CNH Equipment Trust 2022-C), Indenture (CNH Equipment Trust 2022-C), CNH Equipment (CNH Equipment Trust 2022-B)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified thereinin Article Five of the Sale and Servicing Agreement and in the form of the related Note set forth as an Exhibit hereto, subject to Sections 3.01 and 11.12 hereof2.07(c). Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for be, which, in the Redemption Price for any Note called for case of the payment of a redemption pursuant to Section 10.0110.01(a), which shall be payable pursuant to Section 9.01(e) of the Sale and Servicing Agreement, and in each other case shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 3 contracts

Samples: WFS Receivables Corp 3, WFS Receivables Corp 3, WFS Receivables Corp 3

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer transfer, if such Person is either DTC or its nominee or if such Person provides written instructions to the Indenture Trustee at least ten days prior to the Distribution Date, otherwise by check, in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment final Distribution Date, as the case may be (and except for the Redemption Price Date Amount for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below; provided, however, that if Definitive Notes are made available under Section 2.11, payments may be made to such Persons by either wire transfer or check. The Any funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Orix Credit Alliance Receivables Trust 2000-A, Orix Credit Alliance Receivables Trust 2000 B

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at during each Interest Accrual Period on the related basis of the actual number of days elapsed during such Interest Rate, Accrual Period and such interest shall be due and payable on each Payment Date as specified therein, subject a year assumed to Sections 3.01 and 11.12 hereofconsist of 360 days. Any installment of interest or principal, if any, principal payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Global Notes have been issued pursuant to Section 2.114.02, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Legal Final Scheduled Payment Date, as the case may be Maturity Date (and except for the Redemption Price Date Amount for any Note Notes called for redemption pursuant to Section 10.01), 10.01 and the Repurchase Amount for any Notes called for repurchase pursuant to Section 10.02) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (American Capital Strategies LTD), Indenture (American Capital Strategies LTD)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest from and including the Closing Date at the related Note Interest Rate, and such interest . Interest on the Notes will be computed on the basis of a 360-day year consisting of twelve 30-day months. Interest shall be due and payable on the Payment Date in October 2009 and each Payment Date as specified therein, subject thereafter until the Principal Amount of the Notes has been repaid in full. The amount of interest due and payable on the Notes with respect to Sections 3.01 and 11.12 hereofeach Payment Date shall be an amount equal to the Accrued Interest with respect to such Payment Date. Any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.11, that with respect to Notes registered on the Record Date in the name of the Clearing Agency or the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and (ii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on and (B) the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note called for redemption pursuant to Section 10.01)2.18, in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture and Servicing Agreement (Wyndham Worldwide Corp), Indenture and Servicing Agreement (Wyndham Worldwide Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes Note shall accrue interest at the related its respective Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 3.1 and 11.12 hereof8.2. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date for such Class (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Volkswagen Public Auto Loan Securitization LLC, Vw Credit Leasing LTD

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, Class A-2 Note, Class A-3 Notes, Class A-4 Notes and Class B Notes, set forth in Exhibits X-0, X-0, X-0, X-0 and B, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer Owner Trustee on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date for such Class (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (M&i Auto Loan Trust 2002-1), Bond Securitization LLC

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in the Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0112.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Uacsc Auto Trusts), Indenture (Bay View Securitization Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at as provided in the related Interest Rateapplicable form of such Class set forth in Exhibits A-1 through A-7 respectively, and such interest accrued on each Class of Notes shall be due and payable on each Payment applicable Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, with respect to each Class of Notes payable on any applicable Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related applicable Note Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: www.snl.com, National Collegiate Student Loan Trust 2006-2

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid wire transfer in immediately available funds to the account designated by such Person’s address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (CNH Equipment Trust 2021-C), Indenture (CNH Equipment Trust 2021-C)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes The Securities shall accrue interest at the related Interest Rateas provided herein, and such interest amount shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofherein. Any installment of interest or principal, if any, payable on any Note that Security which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note Security (or one or more Predecessor NotesSecurities) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Security Register on such Record Date, except that, unless Definitive Notes Securities have been issued pursuant to Section 2.11, with respect to Notes Securities registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), and with respect to the Class A-1 Certificates payment will be made by wire transfer in immediately available funds to the account designated by such nominee or the Class A-1 Securityholder and except for the final installment of principal payable with respect to such Note Security on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note Security called for redemption pursuant to Section 10.01), 10.1) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Pooling Agreement and Indenture (Greenpoint Mortgage Securities Inc/), Pooling Agreement and Indenture (Greenpoint Mortgage Securities Inc/)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (American Honda Receivables Corp), Honda Auto Receivables 2001-3 Owner Trust

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in this Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified thereinherein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.10, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0111.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Bay View Transaction Corp), Indenture (United Fidelity Finance LLC)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date or by wire transfer in immediately available funds to a U.S. dollar account maintained by such Person; provided, that wiring instructions have been received by the Indenture Trustee on or before the related Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for or, if a wire transfer cannot be effected, by a U.S. dollar check mailed to the Clearing Agency or its nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which 10.1) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.036.16.

Appears in 2 contracts

Samples: Indenture (GE Equipment Transportation LLC, Series 2011-1), Indenture (GE Equipment Transportation LLC, Series 2011-1)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note, the Class A-3 Note and the Class A-4 Note attached hereto as EXHIBITS X-0, X-0, X-0 and A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, or by wire transfer in immediately available funds to the account designated in writing to the Trustee by such Person at least five Business Days prior to the related Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the related Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in the Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.10, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0111.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Bay View Transaction Corp, Bay View Deposit CORP

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes and the Class A-4 Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2a Rate, the Class A-2b Rate, the Class A-3 Rate and the Class A-4 Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit X-0, Xxxxxxx X-0, and Exhibit A-5, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer as directed by such Holder provided such Holder has provided written wiring instructions to the Indenture Trustee and otherwise by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.Section

Appears in 2 contracts

Samples: Trust Agreement (BMW Vehicle Owner Trust 2022-A), Trust Agreement (BMW Vehicle Owner Trust 2022-A)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rate, respective Note and the Sale and Servicing Agreement and such interest shall be due and payable on each Payment Remittance Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Remittance Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Remittance Date or on the related Final Scheduled Payment Date, as the case may be Maturity Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (Money Store Commercial Mortgage Inc), Money Store Home Equity Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at as provided in the related Interest Rateapplicable form of such Class set forth in Exhibits A-1 through A-5 respectively, and such interest accrued on each Class of Notes shall be due and payable on each Payment applicable Distribution Date as specified thereintherein and in the order set forth in Section 8.02 hereof, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest shall accrue on each Class of Auction Rate Notes as described in Appendix B hereto. Any installment of interest or principal, if any, with respect to each Class of Notes payable on any applicable Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related applicable Note Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: www.capitaliq.spglobal.com, www.snl.com

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rate, form of the Note set forth in Exhibit D and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.11, that with respect to Class A Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee nominee, (ii) except that with respect to Class B Notes registered in the name of the Transferor, payment will be made by wire transfer in immediately available funds to the account designated by the Transferor and (iii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be and (and except for B) the Redemption Price for any Note called for redemption pursuant to Section 10.01), in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts

Payment of Principal and Interest; Defaulted Interest. (a) Each The A-1 Notes, A-2a Notes, A-2b Notes, A-3 Notes, A-4 Notes and Class of B Notes shall accrue interest at the related Interest A-1 Note Rate, the A-2a Note Rate, the A-2b Note Rate, the A-3 Note Rate, the A-4 Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer Issuing Entity on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (CNH Equipment Trust 2017-B), Indenture (CNH Equipment Trust 2017-B)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A Notes shall accrue interest at as provided in the related Interest Rateform of the Class A Note set forth in Exhibit B and the Class B Notes shall accrue interest as provided in the form of the Class B Note set forth in Exhibit C, and in each case such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any Subject to Section 2.13(b), any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and (ii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be and (and except for B) the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Caterpillar Financial Funding Corp, Caterpillar Financial Funding Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at during each Interest Accrual Period on the related basis of the actual number of days elapsed during such Interest Rate, Accrual Period and such interest shall be due and payable on each Payment Date as specified therein, subject a year assumed to Sections 3.01 and 11.12 hereofconsist of 360 days. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Remittance Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Global Notes have been issued pursuant to Section 2.114.02, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Remittance Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), applicable Expected Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Capitalsource Inc), Indenture (Capitalsource Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A Note, the Class B Note, the Class C Note and the Class D Note attached hereto as Exhibits X-0, X-0, X-0 and A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, or any other amount payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, or by wire transfer in immediately available funds to the account designated in writing to the Trustee by such Person at least five Business Days prior to the related Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the related Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the its related Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.01. Interest on each Class of Notes will be calculated on the basis of a 360-day year consisting of twelve 30 day months. Interest on the Class A-1 Notes will be calculated on the basis specified in the related Indenture Supplement. The Issuer will pay interest on each Class of Notes at the related Interest Rate on each Payment Date on the principal amount of such Class of Notes outstanding on the preceding Payment Date (after giving effect to all payments of principal made on the preceding Payment Date), subject to certain limitations contained in the last sentence of Section 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.13, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled applicable class final scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Daimlerchrysler Services North America LLC, Daimlerchrysler Services North America LLC

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note and the Class A-2 Note set forth in Exhibits A-1 and A-2, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, or by wire transfer in immediately available funds to the account designated in writing to the Trustee by such Person at least five Business Days prior to the related Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the related Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes and the Class C Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate, the Class A-4 Rate, the Class B Rate and the Class C Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit X-0, Xxxxxxx X-0, Exhibit B and Exhibit C, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Regions Auto Receivables Trust 2003-1), Indenture (National City Auto Receivables Trust 2004-A)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest on its outstanding balance at the related its Note Rate before and after maturity. Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinin Section 8.03 or 5.05, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person person in whose name such the Note (or one or more Predecessor Notesits predecessor Note) is registered on the Record Date by wire transfer of immediately available funds to the account designated by the Holder at a bank or other entity having appropriate facilities, if the Holder has so notified the Indenture Trustee in writing at least five Business Days before the Record Date and is either the Depository or owner of record of Notes having an aggregate principal amount of at least $1,000,000, and otherwise by check mailed first-class postage prepaid to such Person’s the Holder's address as it appears on the Note Register on such the Record Date, except thator by any other means the Noteholder and the Indenture Trustee agree to, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such on the Note on a Payment Date, a Redemption redemption date, or the Scheduled Maturity Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note Class of Notes called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Custodial Agreement (CWABS Revolving Home Equity Loan Trust Series, 2004-P), Custodial Agreement (CWHEQ, Inc.)

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Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at as provided in the related Interest Rateapplicable form of such Class set forth in Exhibits A-1 through A-8 respectively, and such interest accrued on each Class of Notes shall be due and payable on each Payment applicable Distribution Date as specified thereintherein and in the order set forth in Section 8.02 hereof, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, with respect to each Class of Notes payable on any applicable Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related applicable Note Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: www.snl.com, www.snl.com

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes, set forth in Exhibits X-0, X-0, X-0 and A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date for such Class (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Satisfaction and Discharge of Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Wells Fargo Financial Auto Owner Trust 2005-A

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at during each Interest Accrual Period on the related basis of the actual number of days elapsed during such Interest Rate, Accrual Period and such interest shall be due and payable on each Payment Date as specified therein, subject a year assumed to Sections 3.01 and 11.12 hereofconsist of 360 days. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Remittance Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class –class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Global Notes have been issued pursuant to Section 2.114.02, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Remittance Date or on the related Final Scheduled Payment Date, as the case may be (applicable Expected Maturity Date and except for the Redemption Repurchase Price for any Note called for redemption repurchase pursuant to Section 10.01), 10.01(a) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Capitalsource Inc), Indenture (Capitalsource Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (WFS Financial Auto Loans Inc), WFS Financial Auto Loans Inc

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest Rateas provided herein, and such interest amount shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofherein. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Advanta Mortgage Conduit Services Inc, Advanta Revolving Home Equity Loan Trust 1998-A

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in this Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified thereinherein, subject to Sections Section 3.01 and 11.12 hereof. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register or pursuant to written wire instructions acceptable to the Indenture Trustee on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.10 hereof, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0111.01 hereof), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.03 hereof.

Appears in 2 contracts

Samples: Indenture (Bay View Deposit CORP), Indenture (Bay View Deposit CORP)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A Notes shall accrue interest at as provided in the related Interest Rateform of the Class A Note set forth in EXHIBIT D and the Class B Notes shall accrue interest as provided in the form of the Class B Note set forth in EXHIBIT E, and in each case such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSECTION 3.01. Any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.11SECTION 2.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and (ii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be and (and except for B) the Redemption Price for any Note called for redemption pursuant to Section 10.01SECTION 10.01(A), in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section SECTION 3.03.

Appears in 2 contracts

Samples: Caterpillar Financial Funding Corp, Caterpillar Financial Funding Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (American Honda Receivables Corp), American Honda Receivables Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note, the Class A-3 Note, the Class A-4 Note set forth in EXHIBITS X-0, X-0, X-0 and A-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, or by wire transfer in immediately available funds to the account designated in writing to the Trustee by such Person at least five Business Days prior to the related Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the related Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 2 contracts

Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Notes of each Class of Notes shall accrue interest at the related Interest RateRate applicable thereto, as set forth in Exhibit A, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. With respect to each outstanding Class of LIBOR Securities, if any, the Indenture Trustee or shall determine LIBOR for each applicable Accrual Period on the second London Business Day prior thereto. All interest payments on each Class of Notes shall be made pro rata to the Noteholders of such Class entitled thereto. Any installment of interest or principal, if any, principal payable on any Note that is punctually shall be paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date (or, in the case of payment of Deferred Amounts, to the Person in whose name such Note was most recently registered, if such Note has previously been surrendered to the Indenture Trustee for final payment) by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Maturity Date (and except for the Redemption Termination Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 2 contracts

Samples: Indenture (Firstplus Investment Corp), Indenture (Firstplus Investment Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class B Notes, the Class C Notes and the Class D Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class B Rate, the Class C Rate and the Class D Rate, respectively, as set forth in Exhibit A-1, Exhibit A-2, Exhibit B, Exhixxx X xxx Xxxxxxt D, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for at least ten Business Days prior to such Distribution Date; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Auto Loan Trust 2003-Hb1)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Notes (other than the Class of Notes S and Class P Notes) shall accrue interest at as provided herein and in the related Interest RateSale and Servicing Agreement, and such interest amount shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofherein. Any installment of interest or principal, if any, principal (or distribution with respect to the Class P Notes) payable on any Note that which is punctually paid or duly provided for by the Issuer Trust on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date; provided, except that, (i) with respect to the Book-Entry Notes (unless Definitive Notes have been issued pursuant to Section 2.11), with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), and (ii) with respect to the Definitive Notes, if the Noteholders of Notes with a Note Principal Balance of at least $1,000,000 or Percentage Interests of at least 25% have provided wire instructions in writing to the Indenture Trustee, payment will be made by wire transfer in immediately available funds to the account designated by such nominee nominee; and except for provided, further, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price Payment for any Note called for redemption pursuant to Section 10.0110.01(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Abs Capital I Inc)

Payment of Principal and Interest; Defaulted Interest. NOTEHOLDERS' INTEREST BASIS CARRYOVER. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of Class A-1 Note and Class A-2 Note set forth in Exhibits A-1 and A-2, respectively, and such interest shall be due and payable on each Quarterly Payment Date as specified therein, subject subject, in each case, to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest (and any Noteholders' Interest Basis Carryover) or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Quarterly Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer if such Person holds Notes in an aggregate original principal amount in excess of $1,000,000 and provides appropriate written instructions to the Indenture Trustee no later than such Record Date, and otherwise by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Quarterly Payment Date, a Redemption Date or on the related Class A-1 Note Final Scheduled Payment Maturity Date or the Class A-2 Note Final Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01)be, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Nellie Mae Education Loan Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest RateFixed Rate Note Rate as set forth in the Sale and Servicing Agreement, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 Section 3.1 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related applicable Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: First Alliance Mortgage Loan Trust 1998-2

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest as provided in this Indenture at the related Interest Rateinterest rate for such Class, and such interest shall be due and payable on each Payment Date as specified thereinherein, subject to Sections Section 3.01 and 11.12 hereof. Interest accrued on any Note but not paid on any Payment Date will be due on the immediately succeeding Payment Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related interest rate. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose Indenture name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.10 hereof, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Maturity Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0111.01 hereof), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.03 hereof.

Appears in 1 contract

Samples: Indenture (Bay View Deposit CORP)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest Note Rate, as set forth in Exhibit A, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date (i) by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be Distribution Date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: First Merchants Acceptance Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date; provided, except however, that, unless and until Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the applicable Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee nominee; provided, further, however, that payment shall be made by wire transfer in immediately available funds to the account designated to the Note Registrar by the Person in whose name the Class A-2b Notes (or one or more Predecessor Notes) is registered on the Record Date, and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled final Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Cit Equipment Collateral 2000-1)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note and the Class A-2 Note set forth in Exhibits C-1 and C-2, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.)Depository, payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for (i) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be and (and except for ii) the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Green Tree Financial Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note and the Class A-3 form of the Note set forth in Exhibits B-1, B-2 and B-3, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date for such Note (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Prudential Securities Secured Financing Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest on their Outstanding Amount at the related Note Rate before and after maturity. Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinin Section 8.03 or 5.05, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person person in whose name such the Note (or one or more Predecessor Notesits predecessor Note) is registered on the Record Date by wire transfer of immediately available funds to the account designated by the Holder at a bank or other entity having appropriate facilities, if the Holder has so notified the Indenture Trustee in writing at least five Business Days before the Record Date and is either the Depository or owner of record of Notes having an aggregate principal amount of at least $1,000,000, and otherwise by check mailed first-class postage prepaid to such Person’s the Holder's address as it appears on the Note Register on such the Record Date, except thator by any other means the Noteholder and the Indenture Trustee agree to, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such on the Note on a Payment Date, a Redemption redemption date, or the Scheduled Maturity Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Custodial Agreement (CWABS Revolving Home Equity Loan Trust, Series 2004-S)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note and the Class A-3 form of the Note set forth in Exhibits B-0, X-0 and B-3, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date for such Note (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Tia Indenture (Painewebber Asset Acceptance Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class B Notes, the Class C Notes and the Class D Notes shall accrue interest at the related Interest Class A-1 Rate, the Class A-2 Rate, the Class A-3 Rate, the Class B Rate, the Class C Rate and the Class D Rate, respectively, as set forth in Exhibit X-0, Xxxxxxx X-0, Exhibit A-3, Exhibit B, Exhibit C and Exhibit D, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee; provided, however, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be final scheduled payment date (and except for including the Redemption Price for any Note called for redemption pursuant to Section 10.01), which ) shall be payable as provided in paragraph (b) below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Hyundai Abs Funding Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, Class A-2 Note, Class A-3 Note, Class A-4 Note and Class B Note, set forth in Exhibits X-0, X-0, X-0, X-0 and B attached hereto, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, principal payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be Stated Maturity Date for such Class (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (Bank One Auto Securitization Trust 2003-1)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified thereinDistribution Date, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment final Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. (b) The funds represented by any such checks returned undelivered principal of each Note shall be held payable on each Distribution Date to the extent provided in accordance with Section 3.03.the form of the related Note set forth as an Exhibit hereto. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall have occurred and be continuing, unless the Required Holders have waived such Event of Default in the manner provided in

Appears in 1 contract

Samples: Newcourt Receivables Corp Ii

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A Note, the Class B Note, the Class C Note, the Class D Note and the Class E Note attached hereto as Exhibits X-0, X-0, X-0, X-0 and A-5, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, or any other amount payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, or by wire transfer in immediately available funds to the account designated in writing to the Trustee by such Person at least five Business Days prior to the related Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the related Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note, the Class A-3 Note and the Class A-4 Note set forth in Exhibits C-1, C-2, C-3 and C-4, respectively, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class first- class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.)Depository, payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for (i) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be and (and except for ii) the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Green Tree Financial Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at during each Interest Accrual Period on the related basis of the actual number of days elapsed during such Interest Rate, Accrual Period and such interest shall be due and payable on each Payment Date as specified therein, subject a year assumed to Sections 3.01 and 11.12 hereofconsist of 360 days. Any installment of interest interest, principal or principalClass A-2A Commitment Fee, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Global Notes have been issued pursuant to Section 2.114.02, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency Depository (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Legal Final Scheduled Payment Date, as the case may be Maturity Date (and except for the Redemption Price Date Amount for any Note Notes called for redemption pursuant to Section 10.01), 10.01 and the Repurchase Amount for any Notes called for repurchase pursuant to Section 10.02) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (American Capital Strategies LTD)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest Rateas provided herein, and such interest amount shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereofherein. Any installment of interest or principal, if any, principal payable on any Note that which is punctually paid or duly provided for by the Issuer Trust on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date; provided, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee nominee; and except for provided, further, that the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.) which

Appears in 1 contract

Samples: Indenture (Advanta Conduit Receivables Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of Notes shall accrue interest during each Interest Accrual Period at the related Interest Rate, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 Section 3.01. Interest accrued on any Note but not paid on any Distribution Date will be due on the immediately succeeding Distribution Date, together with, to the extent permitted by applicable law, interest on such shortfall at the related Interest Rate. Interest on the Class A-1 Notes shall be calculated on the basis of the actual number of days elapsed in an Interest Accrual Period and 11.12 hereofa 360-day year. Interest on the Class A-2, Class A-3 and Class A-4 Notes shall be calculated on the basis of a 360-day year of twelve 30-day months. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Distribution Date, a Redemption Date or on the related Final Scheduled Payment Distribution Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.01(a)), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Onyx Acceptance Financial Corp

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The A-1 Notes, A-2 Notes, A-3a Notes, A-3b Notes, A-4a Notes, A-4b Notxx xxx Xxxxx X Notes shall accrue interest at xxxxxxxx xx xxx X-0 Xxxx Xxxe, the related Interest A-2 Note Rate, the A-3a Note Rate, the A-3b Note Rate, the A-4a Note Rate, the A-4b Note Rate and the Class B Note Rate, respectively, and such interest shall be due and payable on each Payment Date as specified thereinDate, subject to Sections 3.01 and 11.12 hereofSection 3.1. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that. However, unless Definitive Notes have been issued pursuant to Section 2.11issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for nominee. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1(a), which ) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (CNH Capital Receivables Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of A-1 Notes, the Class A-2 Notes and the Class B Notes shall accrue interest at the related Class A-1 Interest Rate, the Class A-2 Interest Rate and the Class B Interest Rate, respectively, and such interest shall be due and payable on each Payment Date Date, as specified therein, subject and to the extent provided in Sections 3.01 4.6 and 11.12 hereof4.7 of the Sale and Servicing Agreement and Section 3.1 of this Indenture. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the related Record Date, by wire transfer of immediately available funds if such Noteholder holds the Notes representing at least $1,000,000 in Class A-1 Note Balance, Class A-2 Note Balance or Class B Note Balance as of the Closing Date and if such Person has delivered to the Indenture Trustee in writing instructions with respect to effecting a wire transfer to such Person no later than the applicable Determination Date by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (Asset Backed Securities Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest RateAdjustable Rate Note Rate as set forth in the Sale and Servicing Agreement, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 Section 3.1 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related applicable Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (First Alliance Mortgage Loan Trust 1998-2)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related following Interest Rate, Rates: Note Interest Rate Class A-1 _____% Class A-2 _____% Class A-3 _____% Class A-4 _____% Class A-5 _____% Class A-6 _____% Class B _____% Class C _____% and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the preceding Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to the Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related a Note Final Scheduled Payment Date, as the case may be Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1 which shall be payable as provided below). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Indenture (Chase Manhattan Bank Usa)

Payment of Principal and Interest; Defaulted Interest. (a) Each The Notes of each Class of Notes shall accrue interest at the related Note Interest Rate, and such Rate for that Class. The amount of interest shall be due and payable on the Notes with respect to each Payment Date as specified therein, subject shall be an amount equal to Sections 3.01 and 11.12 hereofthe Accrued Interest with respect to such Payment Date plus any Interest Carry-Forward Amount. Any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.11, that with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee nominee, and (ii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on and (B) the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price redemption price for any Note called for redemption pursuant to Section 10.01)2.18, in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture and Servicing Agreement (Cendant Corp)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at the related Interest RateSeries 1998-7B Note Rate as set forth in the Sale and Servicing Agreement, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 Section 3.1 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related applicable Final Scheduled Payment Date, as the case may be Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.0110.1), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Imc Home Equity Loan Owner Trust 1998-7

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rate, form of the Note set forth in Exhibit D and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, or any other amount, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, (i) except that, unless Definitive Notes have been issued pursuant to Section 2.11, that with respect to Class A Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and (ii) except for (A) the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be and (and except for B) the Redemption Price for any Note called for redemption pursuant to Section 10.01), in each case which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Metlife Capital Equipment Loan Trusts

Payment of Principal and Interest; Defaulted Interest. (a) Each The Class of [A-1] Notes, the Class [A-2] Notes, the Class [A-3] Notes and the Class [A-4] Notes shall accrue interest at the related Class [A-1] Interest Rate, the Class [A-2] Interest Rate, the Class [A-3] Interest Rate and the Class [A-4] Interest Rate, respectively, as set forth in Exhibits X-0, X-0, X-0 and A-4, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereofSection 3.01. Any installment of interest or principal, if any, principal payable on any a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.13, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related Final Scheduled Payment Date, as the case may be applicable class final scheduled Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), ) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at during each Interest Accrual Period on the related basis of the actual number of days elapsed during such Interest Rate, Accrual Period and such interest shall be due and payable on each Payment Date as specified therein, subject a year assumed to Sections 3.01 and 11.12 hereofconsist of 360 days. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Global Notes have been issued pursuant to Section 2.114.02, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency DTC (initially, such nominee to be Cede & Co.), such payment will be made by wire transfer in immediately available funds to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (applicable Expected Maturity Date and except for the Redemption Repurchase Price for any Note called for redemption repurchase pursuant to Section 10.01), 10.01(a) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Appears in 1 contract

Samples: Indenture (Capitalsource Inc)

Payment of Principal and Interest; Defaulted Interest. (a) Each Class of The Notes shall accrue interest at as provided in the related Interest Rateforms of the Class A-1 Note, the Class A-2 Note, the Class A-3 Note and the Class A-4 Note set forth in Exhibits B, C, D and E, respectively, and such interest shall be due and payable on each Payment Distribution Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that which is punctually paid or duly provided for by the Issuer on the applicable Payment Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the preceding Record Date Date, by check mailed first-class class, postage prepaid prepaid, to such Person’s 's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.112.12, with respect to the Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Distribution Date or on the related a Note Final Scheduled Payment Date, as the case may be Distribution Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), 10.1 which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Appears in 1 contract

Samples: Chase Manhattan Bank Usa

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