Payment to Noteholders. The Issuer shall duly and punctually pay the principal and interest, if any, with respect to the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, the Issuer shall cause to be distributed to Noteholders, in accordance with the Administration Agreement, that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date) which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
Payment to Noteholders. 12 SECTION 3.2 Maintenance of Office or Agency ........................... 12 SECTION 3.3 Money for Payments To Be Held in Trust .................... 13 SECTION 3.4 Existence ................................................. 15
Payment to Noteholders. The Issuer will duly and punctually pay the principal of and interest owing on each Class of Notes pursuant to the terms of this Indenture. Without limiting the foregoing, subject to Section 8.02, the Issuer will cause to be distributed to the holders of the each Class of Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Date, to which the holders of each Class of Notes are entitled to receive pursuant to the terms of this Indenture. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest on and/or principal of shall be considered as having been paid by the Issuer to such holder of the applicable Notes for all purposes of this Indenture. The Notes will be non-recourse obligations of the Issuer and shall be limited in right of payment to amounts available from the Indenture Trust Estate as provided in this Indenture and the Issuer shall not be otherwise liable on the Notes.
Payment to Noteholders. 10 SECTION 3.02. Maintenance of Office or Agency................................11 SECTION 3.03. Money for Payments to Be Held in Trust.........................11 SECTION 3.04. Existence......................................................12 SECTION 3.05. Protection of Indenture Trust Estate...........................13 SECTION 3.07. Performance of Obligations; Servicing of Student Loans.........14 SECTION 3.08. Negative Covenants.............................................16 SECTION 3.09. Annual Statement as to Compliance..............................16
Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any Noteholders' Interest Index Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(c)) with respect to each class of Notes in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed to the holders of the Class A-1 Notes and to the holders of the Class A-2 Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to which the holders of the Notes are entitled to receive pursuant to the Sale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest (including any Noteholders' Interest Index Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes for all purposes of this Indenture.
Payment to Noteholders. The Trustee shall give notice to the Noteholders in accordance with the Conditions of the date fixed for any payment under Clause 10.1 (Application of moneys). Any payment to be made in respect of the Notes by the Issuer, failing whom, the Guarantor or the Trustee may be made in the manner provided in the Conditions, the Agency Agreement and this Trust Deed and any payment so made shall be a good discharge to the extent of such payment by the Issuer, failing whom, the Guarantor or the Trustee (as the case may be).
Payment to Noteholders. The Issuer will duly and punctually pay the principal of interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(d), the Issuer will cause to be distributed to the Senior Noteholders and the Subordinate Noteholders in accordance with the Administration Agreement and Section 8.02 hereof that portion of the amounts on deposit in the Trust Accounts on a Quarterly Payment Date which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
Payment to Noteholders. (A) Any payment made by the Borrower under the Loan Agreement to, or to the order of, the Trustee, otherwise in accordance with these presents, or the Principal Paying Agent, otherwise in accordance with the Agency Agreement, shall satisfy pro tanto the obligations of the Issuer in respect of the Notes.
Payment to Noteholders. The Issuer shall duly and punctually pay the principal of, interest, if any, on and any Note Interest Carryover (but only to the extent provided in Sections 2.7(d) and 8.2(c)) with respect to the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.2(c), the Issuer shall cause to be distributed to Noteholders in accordance with the Administration Agreement that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date) which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest (including any Note Interest Carryover) and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
Payment to Noteholders. The Issuer will pay or cause to be duly and punctually paid, from the property of the Issuer, the principal of and interest on the Notes of each Series in accordance with the terms of such Notes, this Indenture and the related Terms Supplement and
