Common use of Payment to Noteholders Clause in Contracts

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. The Issuer will duly and punctually pay the principal of and interest owing on each Class of Notes (and in the case of Class A-IO Notes, interest and Prepayment Penalties) 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. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and interest owing any on each Class of Noteholders' Interest Basis Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(d)) with respect to the Notes pursuant to in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.028.02(d), the Issuer will cause to be distributed to the holders of Senior Noteholders and the each Class of Notes 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 Distribution Date, to Quarterly Payment Date which the holders of each Class of Notes Noteholders are entitled to receive pursuant to the terms of this IndentureAdministration Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes Noteholder of interest on (including any Noteholders' Interest Basis Carryover) and/or principal of shall be considered as having been paid by the Issuer to such holder of the applicable Notes Noteholder 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. The Issuer will duly and punctually pay the principal of and interest owing on each Class of Notes (and in the case of Class A-IO Notes, interest and Prepayment Penalties) 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. The Issuer will duly and punctually pay the principal of of, interest, if any, on and interest owing on any unpaid 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 pursuant to in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.028.02(c), the Issuer will cause to be distributed to the holders of the each Class of Notes in each group of Notes that portion of the amounts on deposit in the Trust Accounts related to such group of Notes on a Distribution Date, to which the holders of each Class of Notes are entitled to receive pursuant to the terms of this IndentureSale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest on (including any Noteholders' Interest Index Carryover) 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. The Issuer will duly and punctually pay the principal of of, interest, if any, on and interest owing on any unpaid 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 pursuant to in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.028.02(c), the Issuer will cause to be distributed to the holders of the each 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, to which the holders of each Class of the Notes are entitled to receive pursuant to the terms of this IndentureSale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest on (including any Noteholders' Interest Index Carryover) 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. The Issuer will duly and punctually pay the principal of and interest owing on each Class of Notes pursuant to in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.028.02(c), the Issuer will cause to be distributed to the holders Holders of the each Class of Notes in each group of Notes that portion of the amounts on deposit in the Trust Accounts related to such group of Notes on a Distribution Date, to which the holders Holders of each Class of Notes are entitled to receive pursuant to the terms of this IndentureSale and Servicing Agreement. 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 such Notes shall be considered as having been paid by the Issuer to such holder 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. The Issuer will duly and punctually pay the principal of of, interest, if any, on and any interest owing on each Class of Noteholders' Interest Basis Carryover (but only to the extent provided in Sections 1.13(a)(iv) and 8.03(b)) with respect to the Notes pursuant to in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.028.03(b), the Issuer will cause to be distributed paid to the holders of Class A Noteholders on the each Class of Notes Payment Date that portion of the amounts on deposit in the Trust Accounts on a Distribution Date, to which the holders of each Class of Notes A Noteholders are entitled to receive pursuant receive, and will cause to be paid to the terms Class B Noteholders on the Payment Date that portion of this Indenturethe amounts on deposit in the Trust Accounts which the Class B Noteholders are entitled to receive. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes Noteholder of interest on (including any Noteholders' Interest Basis Carryover) and/or principal of shall be considered as having been paid by the Issuer to such holder of the applicable Notes Noteholder 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.