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 Note Rate, as set forth in Exhibit A, and such interest shall be payable on each Distribution Date as specified therein, subject to Section 3.01. Any installment of interest or principal payable on a Note that 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 (i) upon written request of a Noteholder to the Paying Agent not later than the Record Date prior to the related Distribution Date or (ii) if the registered Noteholder is the nominee of the Clearing Agency, payment will be made by wire transfer in immediately available funds to the account designated by such Holder and except for the final installment of principal payable with respect to such Note on a Distribution Date or on the Note Final Scheduled Distribution 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 Each Class of Notes shall accrue interest at as provided in the Note Rate, as applicable form of such Class set forth in Exhibit AExhibits 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 thereintherein and in the order set forth in Section 8.02 hereof, subject to Section 3.01. Any installment of interest or principal principal, if any, with respect to each Class of Notes payable on a any applicable Note that 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 class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except that (i) upon written request of a Noteholder that, unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.12, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyAgency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such Holder 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 Scheduled Distribution Date, 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 as provided in the forms of the Class A Notes, the Class B Note, the Class C Note Rate, as and the Class D Note set forth in Exhibit AExhibits C-1, C-2, C-3 and C-4, respectively, and such interest shall be payable on each Distribution Payment Date as specified therein, subject to Section 3.01. Any installment of interest or principal principal, if any, payable on a any Note that 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, 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 that (i) upon written request of a Noteholder that, unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.11, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyDepository, payment will be made by wire transfer in immediately available funds to the account designated by such Holder nominee and except for the final installment of principal payable with respect to such Note on a Distribution Date or on the Note Final Scheduled Distribution 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 Class A Notes and Class B Notes shall accrue interest at the Note Class A Interest Rate and the Class B Interest Rate, as set forth in Exhibit Arespectively, and such interest shall be payable on each Distribution Date Payment Date, as specified therein, subject and to the extent provided in Section 3.014.5 of the Sale and Servicing Agreement and Section 3.1 of this Indenture. Any installment of interest or principal principal, if any, payable on a any Note 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 related Record Date Date, by wire transfer of immediately available funds, or (if such Person has not delivered to the Trustee in writing instructions with respect to effecting a wire transfer to such Person) by check mailed first-class class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date. Notwithstanding the above, except that (i) upon written request of a Noteholder to the Paying Agent not later than the Record Date prior to the related Distribution Date or (ii) if the registered Noteholder is the nominee of the Clearing Agency, payment will be made by wire transfer in immediately available funds to the account designated by such Holder and except for the final installment of principal payable with respect to such the Notes (and except for the Redemption Price for any Note on a Distribution Date or on the Note Final Scheduled Distribution Date, which called for redemption pursuant to Section 10.1) shall be payable as provided belowin Section 2.7(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 Class A Notes shall accrue interest at the Note Class A Interest Rate, as set forth in Exhibit A, and such interest shall be payable on each Distribution Date Payment Date, as specified therein, subject and to the extent provided in Section 3.014.5 of the Sale and Servicing Agreement and Section 3.1 of this Indenture. Any installment of interest or principal principal, if any, payable on a any Note 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 related Record Date Date, by wire transfer of immediately available funds, or (if such Person has not delivered to the Trustee in writing instructions with respect to effecting a wire transfer to such Person) by check mailed first-class class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date. Notwithstanding the above, except that (i) upon written request of a Noteholder to the Paying Agent not later than the Record Date prior to the related Distribution Date or (ii) if the registered Noteholder is the nominee of the Clearing Agency, payment will be made by wire transfer in immediately available funds to the account designated by such Holder and except for the final installment of principal payable with respect to such the Notes (and except for the Redemption Price for any Note on a Distribution Date or on the Note Final Scheduled Distribution Date, which called for redemption pursuant to Section 10.1) shall be payable as provided belowin Section 2.7(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 Each Class of Notes shall accrue interest at as provided in the Note Rate, as applicable form of such Class set forth in Exhibit AExhibits A-1 through A-9 respectively, and such interest accrued on each Class of Notes shall be payable on each applicable Distribution Date as specified thereintherein and in the order set forth in Section 8.02 hereof, subject to Section 3.01. Any installment of interest or principal principal, if any, with respect to each Class of Notes payable on a any applicable Note that 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 class, postage prepaid to such Person's ’s address as it appears on the Note Register on such Record Date, except that (i) upon written request of a Noteholder that, unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.12, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyAgency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such Holder 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 Scheduled Distribution Date, 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 as provided in the forms of the Class A Notes, the Class B Note Rate, as and the Class C Note set forth in Exhibit AExhibits C-1, C-2 and C-3, respectively, and such interest shall be payable on each Distribution Payment Date as specified therein, subject to Section 3.01. Any installment of interest or principal principal, if any, payable on a any Note that 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, 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 that (i) upon written request of a Noteholder that, unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.11, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyDepository, payment will be made by wire transfer in immediately available funds to the account designated by such Holder nominee and except for the final installment of principal payable with respect to such Note on a Distribution Date or on the Note Final Scheduled Distribution 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 Class A Notes shall accrue interest at the Class A Note Rate and the Class B Notes shall accrue interest at the Class B Note Rate, as set forth in Exhibit A, and such interest shall be payable on each Distribution Date as specified thereinPayment Date, subject to Section 3.01SECTION 3.1. Any installment of interest or principal principal, if any, payable on a any Note that is punctually paid or duly provided for by or on behalf of 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, by wire transfer of immediately available funds, or (if such Person has not delivered to the Indenture Trustee in writing instructions with respect to effecting a wire transfer to such Person) by check mailed first-class class, postage prepaid prepaid, to such Person's address as it appears on the Note Register on such Record Date. Notwithstanding the above, except that (i) upon written request of a Noteholder to the Paying Agent not later than the Record Date prior to the related Distribution Date or (ii) if the registered Noteholder is the nominee of the Clearing Agency, payment will be made by wire transfer in immediately available funds to the account designated by such Holder and except for the final installment of principal payable with respect to such the Notes (and except for the Redemption Price for any Note on a Distribution Date or on the Note Final Scheduled Distribution Date, which called for redemption pursuant to SECTION 10.1) shall be payable as provided belowin SECTION 2.7(B)(II). The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03SECTION 3.3.

Payment of Principal and Interest; Defaulted Interest. (a) The Each Class of Notes shall accrue interest at the Note related Interest Rate, as set forth in Exhibit A, and such interest shall be payable on each Distribution Payment Date as specified thereinin the related Note, subject to Section 3.01. Any installment of interest or principal principal, if any, payable on a any Note that 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, by check mailed first-class first class, postage prepaid to such Person's address as it appears on the Note Register on such Record Date, except that (i) upon written request of a Noteholder that, unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.11, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyDepository, payment will be made by wire transfer in immediately available funds to the account designated by such Holder nominee and except for the final installment of principal payable with respect to such Note on a Distribution Payment Date or on the related final Payment Date, as the case may be (and except for the Redemption Date Amount for any Note Final Scheduled Distribution Datecalled for redemption pursuant to Section 10.01(a)), 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 Note Class A-1 Rate, the Class A-2 Rate and the Class A-3 Rate, respectively, as set forth in Exhibit AA-1, Xxxxxxx X-0 xxx Exhibit A-3, respectively, and such interest shall be payable on each Distribution Date as specified therein, subject to Section 3.013.1. Any installment install- ment of interest or principal principal, if any, payable on a any Note that 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; provided that, except that (i) upon written request of a Noteholder unless Definitive Notes have been issued pursuant to the Paying Agent not later than Section 2.13, with respect to Notes registered on the Record Date prior to in the related Distribution Date or (ii) if the registered Noteholder is name of the nominee of the Clearing AgencyAgency (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 Holder nominee, and except for the final installment of principal payable with respect to such Note on a Distribution Date, Redemption Date or on the Note applicable Final Scheduled Distribution 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.