Common use of Notes Payable on Redemption Date Clause in Contracts

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s 's failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 14.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer or the Issuer, as the case may be, shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s or the Issuer’s, as the case may be, failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 10.03 hereof and deposit of the Redemption Price with the Indenture Trustee having been made done as provided in Section 10.4 10.04 hereof, the Notes shall on the Redemption Date, become due and payable at in an amount equal to the Redemption Price, and, Price and on such Redemption Date, Date such Notes shall cease to accrue bear interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer Issuer upon presentment and surrender of their Notes at as provided in the office notices of the Indenture Trusteeredemption. If the Servicer Issuer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue bear interest at their respective Note RatesRate. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 10.03 hereof and deposit of the Redemption Price with the Indenture Trustee having been made done as provided in Section 10.4 10.04 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, Price and on such Redemption Date, Date such Notes shall cease to accrue bear interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer Issuer upon presentment and surrender of their Notes at as provided in the office notices of the Indenture Trusteeredemption. If the Servicer Issuer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue bear interest at their respective Note RatesRate. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 hereof and deposit of the Redemption Price with the Indenture Trustee Paying Agent having been made as provided in Section 10.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee Paying Agent shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee Paying Agent on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture TrusteePaying Agent, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.. 80

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 14.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer or the Issuer, as the case may be, shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s 's or the Issuer's, as the case may be, failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 14.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of Notes shall, until paid, continue to accrue interest at their respective Note Rates. The Servicer’s 's failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.

Notes Payable on Redemption Date. Notice of redemption having been given as provided in Section 10.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 10.4 hereof, the Notes shall on the Redemption Date, become due and payable at the Redemption Price, and, on such Redemption Date, such Notes shall cease to accrue interest. The Indenture Trustee shall apply all available funds in accordance with Section 6.6(b) hereof and the Noteholders shall be paid the Redemption Price by the Indenture Trustee on behalf of the Servicer upon presentment and surrender of their Notes at the office of the Indenture Trustee. If the Servicer shall have failed to deposit the Redemption Price with the Indenture Trustee, the principal and interest with respect to each Class of the Notes shall, until paid, continue to accrue interest at their respective the Note RatesRate. The Servicer’s failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.