Common use of Redemption Payments Clause in Contracts

Redemption Payments. Prior to the date fixed for redemption, any additional funds required to pay Class A Note Interest, Class B Note Interest and to reduce the Aggregate Outstanding Principal Balance of the Class A Notes and the Class B Notes to zero shall be deposited in the Revenue Fund with the Indenture Trustee to pay, and the Indenture Trustee is hereby authorized and directed to apply such funds to the redemption of, the Class A Notes and the Class B Notes called, together with accrued payments of interest thereon to the Payment Date. Upon the deposit of funds in full for redemption and payment thereof pursuant to Section 5.09, payments of interest on the Notes or portions thereof thus called shall no longer accrue from and after the date fixed for redemption.