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

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amount, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited constituting prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders, Certificateholder and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority as set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited constituting prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account Account, the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders, Certificateholder and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts Investor P&I Collections on deposit in the Payment Account Account, the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth below in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account Account, the Paying Agent Agent, on behalf of the Issuer, shall pay to the Noteholders, Noteholders and the Certificate Paying Agent, on behalf of the CertificateholdersIssuer, shall pay to the Certificateholders and the Indenture Trustee, in its capacity as agent for the Issuer, shall pay to other Persons the Interest Remittance Amount and Principal Payment Amount, amounts to which they are entitled as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.below:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited in the nature of prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited constituting prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, Agent on behalf of the Certificateholders, Certificateholder and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account Account, the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amount, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account Account, the Paying Agent Agent, on behalf of the Issuer, shall pay to the Noteholders, Noteholders and the Certificate Paying Agent, on behalf of the Certificateholders, Issuer shall pay to the Certificateholders and the Indenture Trustee in its capacity as agent for the Issuer shall pay to other Persons the Interest Remittance Amount and Principal Payment Amount, amounts to which they are entitled as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.below:

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited constituting prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the CertificateholdersCertificateholder, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority as set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (ab) On each Payment Date from amounts on deposit in the Payment Account the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amount, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (after payment of the amounts described in Section 6.07), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amount, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, in the order of priority set forth in this Section 3.05.

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account (other than amounts deposited constituting prepayment charges), the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority

Payment of Principal and Interest; Defaulted Interest. (a) On each Payment Date from amounts on deposit in the Payment Account Account, the Paying Agent shall pay to the Noteholders, the Certificate Paying Agent, on behalf of the Certificateholders, and to other Persons the Interest Remittance Amount and Principal Payment Amountamounts to which they are entitled, as set forth in the statements delivered to the Indenture Trustee pursuant to Section 4.01 of the Servicing Agreement, as set forth below in the following order of priority set forth in this Section 3.05.priority: