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

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms of Notes set forth in Exhibit A and Exhibit B, and such interest shall be payable on each Distribution Date as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Date or on the applicable Note Final Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes the Note set forth in Exhibit A and Exhibit BA-1, and such interest shall be due and payable on each Distribution Date Payment Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any a Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address ’s account as it appears on the Note Register on such Record DateDate if (i) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Payment Date and such Holder’s Notes in the aggregate evidence a denomination of not less than $1,000,000 or (ii) such Noteholder is the Issuer, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Payment Date or on the applicable Note Final Maturity Date Scheduled Payment Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The A-1 Notes, A-2 Notes, A-3 Notes, A-4 Notes, Class B Notes and Class C Notes shall accrue interest at the applicable A-1 Note Interest Rate, the A-2 Note Rate, the A-3 Note Rate, the A-4 Note Rate, the Floating Rate as provided in and the forms of Notes set forth in Exhibit A and Exhibit BClass C Note Rate, respectively, and such interest shall be payable on each Distribution Date as specified thereinPayment Date, subject to Section 3.013.1. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which that is punctually paid or duly provided for by the Issuer on the applicable Distribution Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class, postage prepaid prepaid, to such Person's address as it appears on the Note Register on such Record Date, except that, . However: (i) unless Definitive Notes have been issued pursuant to Section 2.12issued, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee nominee; and except for (ii) unless otherwise agreed upon by the Indenture Trustee and a Holder of Class B Notes, payment to each such Holder of Class B Notes will be made by wire transfer in immediately available funds to the account designated by each such Holder of Class B Notes. Notwithstanding the above, the final installment of principal payable with respect to such Note on a Distribution Date or on (and except for the applicable Redemption Price for any Note Final Maturity Date which called for redemption pursuant to Section 10.1(a)) shall be payable as provided belowin clause (b)(ii). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes Note shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes the Note set forth in Exhibit A and Exhibit BEXHIBIT A-1, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any the Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (i) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a denomination of not less than $1,000,000 or (ii) such Noteholder is the Seller, or an Affiliate thereof, or if not by check mailed to such Noteholder at the address of such Noteholder appearing on the Note Register, except that, unless a Definitive Notes have Note has been issued pursuant to Section 2.12SECTION 2.5, with respect to Notes the Note registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Scheduled Settlement Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes Note set forth in Exhibit A and Exhibit BEXHIBIT A, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either (i) by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (A) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a Percentage Interest of not less than 1% or (B) such Noteholder is the Seller, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not, (ii) by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Facility Termination Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. NOTEHOLDERS' INTEREST BASIS CARRYOVER. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms of Notes Class A-1 Note and Class A-2 Note set forth in Exhibit A Exhibits A-1 and Exhibit BA-2, respectively, and such interest shall be payable on each Distribution Quarterly Payment Date as specified therein, subject subject, in each case, to Section 3.01. Any installment of interest (including and any Noteholders' Interest Index Basis Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Quarterly Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by wire transfer if such Person holds Notes in an aggregate original principal amount in excess of $1,000,000 and provides appropriate written instructions to the Indenture Trustee no later than such Record Date, and otherwise by check mailed first-class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Quarterly Payment Date or on the applicable Class A-1 Note Final Maturity Date or the Class A-2 Note Final Maturity Date, as the case may be, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Class A Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes Class A Note set forth in Exhibit A and Exhibit BEXHIBIT A-1, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein. The Class B Notes shall accrue interest as provided in the form of Class B Note set forth in Exhibit A-2, subject to Section 3.01and such interest shall be due and payable on each Settlement Date, as specified therein. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either (i) by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (A) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a Percentage Interest of not less than 1% or (B) such Noteholder is the Seller, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not, (ii) by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Facility Termination Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes Note shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes the Note set forth in Exhibit A and Exhibit BEXHIBIT A-1, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any the Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (i) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a denomination of not less than $1,000,000 or (ii) such Noteholder is the Seller, or an Affiliate thereof, or if not by check mailed to such Noteholder at the address of such Noteholder appearing on the Note Register, except that, unless a Definitive Notes have Note has been issued pursuant to Section 2.12SECTION 2.5, with respect to Notes the Note registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Scheduled Settlement Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes shall accrue interest at the applicable Note Interest Class A-1 Rate, the Class A-2 Rate and the Class A-3 Rate, respectively, as provided in the forms of Notes set forth in Exhibit A X-0, Xxxxxxx X-0 and Exhibit BA-3, respectively, and such interest shall be due and payable on each Distribution Payment Date as specified therein, subject to Section 3.013.1. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which that is punctually paid or duly provided for by the Issuer on the applicable Distribution Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date either by wire transfer in immediately available funds, to the account of such Noteholder at a bank or other entity having appropriate facilities therefor, if such Noteholder shall have provided to the Note Registrar appropriate written instructions at least five (5) Business Days prior to such Payment Date and such Noteholder's Notes in the aggregate evidence a denomination of not less than $1,000,000, or, if not, by check mailed first-class, class postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except ; provided that, unless Definitive Notes have been issued to Note Owners pursuant to Section 2.122.13, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will shall be made by wire transfer in immediately available funds to the account designated by such nominee nominee, and except for the final installment of principal payable with respect to such Note on a Distribution Payment Date, Prepayment Date or on the applicable Note Final Maturity Date Scheduled Payment Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.033.3.

Payment of Principal and Interest; Defaulted Interest. (a) The Each Class of Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms applicable form of Notes such Class set forth in Exhibit A and Exhibit BExhibits A-1 through A-8 respectively, and such interest accrued on each Class of Notes shall be payable on each applicable Distribution Date as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, with respect to each Class of Notes payable on any applicable Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.12, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Date or on the applicable Note Final Maturity Date which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes Note set forth in Exhibit A and Exhibit BA, and such interest shall be due and payable on each Distribution Date Payment Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either (i) by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address ’s account as it appears on the Note Register on such Record DateDate if (A) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Payment Date and such Holder’s Note in the aggregate evidence a Stated Percentage Interest of not less than 1% or (B) such Noteholder is the Seller, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not, (ii) by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Payment Date or on the applicable Note Final Maturity Date Scheduled Payment Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes Note set forth in Exhibit A and Exhibit BEXHIBIT A, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either by check mailed first-class, postage prepaid (i) wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (A) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a Percentage Interest of not less than 1% or (B) such Noteholder is the Seller, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not (ii) by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Scheduled Settlement Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes Note shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes the Note set forth in Exhibit A and Exhibit BEXHIBIT A, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein, subject to Section 3.01. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any the Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (i) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a denomination of not less than $1,000,000 or (ii) such Noteholder is the Seller, or an Affiliate thereof, or if not by check mailed to such Noteholder at the address of such Noteholder appearing on the Note Register, except that, unless a Definitive Notes have Note has been issued pursuant to Section 2.12SECTION 2.5, with respect to Notes the Note registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and nominee, except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Scheduled Settlement Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

Payment of Principal and Interest; Defaulted Interest. (a) The Class A Notes shall accrue interest at the applicable Note Interest Rate as provided in the forms form of Notes Class A Note set forth in Exhibit A and Exhibit BEXHIBIT A-1, and such interest shall be due and payable on each Distribution Date Settlement Date, as specified therein. The Class B Notes shall accrue interest as provided in the form of Class B Note set forth in EXHIBIT A-2, subject to Section 3.01and such interest shall be due and payable on each Settlement Date, as specified therein. Any installment of interest (including any Noteholders' Interest Index Carryover) or principal principal, if any, payable on any Note which is punctually paid or duly provided for by the Issuer on the applicable Distribution Settlement Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date Date, either (i) by check mailed first-class, postage prepaid wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record DateDate if (A) such Noteholder has provided to the Note Registrar appropriate written instructions at least five Business Days prior to such Settlement Date and such Holder's Note in the aggregate evidence a Percentage Interest of not less than 1% or (B) such Noteholder is the Seller, except thator an Affiliate thereof, unless Definitive Notes have been issued pursuant or if not, (ii) by check mailed to Section 2.12, with respect to Notes registered such Noteholder at the address of such Noteholder appearing on the Record Date in the name of the nominee of the Clearing Agency (initiallyNote Register, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Distribution Settlement Date or on the applicable Note Final Maturity Date Facility Termination Date, which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.