Common use of Payments of Interest and Principal Clause in Contracts

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003-2) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003-2) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003-2) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003-2) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

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Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2001-24) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2001-24) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2001-24) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2001-24) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2002-25) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2002-25) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2002-25) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2002-25) Termination Date. Section 2.052.04.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2001-25) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2001-25) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2001-25) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2001-25) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bank National Association

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003-25) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003-25) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003-25) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003-25) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bank National Association

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2002-27) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2002-27) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2002-27) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2002-27) Termination Date. Section 2.052.04.

Appears in 1 contract

Samples: Mbna America Bank National Association

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2002-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2002-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2002-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2002-21) Termination Date. Section 2.052.04.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003B(2003-23) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003B(2003-23) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003B(2003-23) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003B(2003-23) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003-23) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003-23) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003-23) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003-23) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003A(2002-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003A(2002-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003A(2002-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003A(2002-2) Termination Date. Section 2.05.1)

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

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Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003-21) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003C(2001-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003C(2001-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003C(2001-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003C(2001-21) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna Credit Card Master Note Trust

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003A(2003-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003A(2003-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003A(2003-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003A(2003-21) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003-27) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003-27) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003-27) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003-27) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna America Bk Nat Assoc Mbna Master Credit Card Trust Ii

Payments of Interest and Principal. (a) Any installment of interest or principal, if any, payable on any Class C(2003A(2001-21) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class C(2003A(2001-21) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person's account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, 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 with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. (b) The right of the Class C(2003A(2001-21) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class C(2003A(2001-21) Termination Date. Section 2.05.

Appears in 1 contract

Samples: Mbna Credit Card Master Note Trust

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