Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 65 contracts
Samples: Indenture (SLM Student Loan Trust 2006-3), Indenture (SLM Student Loan Trust 2008-9), Indenture (SLM Student Loan Trust 2006-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of thirty-five days, (35) days or (ii) a default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole entire amount then due and payable on such Notes for in respect of principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and related Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 60 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2024-C), Indenture (Hyundai Auto Receivables Trust 2024-C), Indenture (Hyundai Auto Receivables Trust 2024-B)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Scheduled Distribution Date or Redemption Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such the Notes for principal and interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 48 contracts
Samples: Nissan Auto Receivables 2024-B Owner Trust, Nissan Auto Receivables 2024-B Owner Trust, Nissan Auto Receivables 2024-a Owner Trust
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 27 contracts
Samples: Indenture (Premier Auto Trust 1998-1), Indenture (Daimlerchrysler Auto Trust 2001 B), Indenture (Premier Auto Trust 1997-2)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of thirty-five days(35) days or, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole entire amount then due and payable on such Notes for in respect of principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and related Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 16 contracts
Samples: Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Auto Receivables Trust 2011-A), Indenture (Hyundai Auto Receivables Trust 2010-B)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) a default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole entire amount then due and payable on such Notes for in respect of principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and related Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 14 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Indenture (BMW Vehicle Owner Trust 2023-A)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) there is a default is made in relating to the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, days or (ii) default is made an Event of Default occurs in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at on the related Note Final Maturity Scheduled Payment Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of such Notes, the whole amount then due and payable on such Notes for principal and interest, with with, for each Class of interest-bearing Notes, interest upon on the overdue principal, principal at the applicable Interest Rate and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 and applicable Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 12 contracts
Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-A)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and and/or interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 12 contracts
Samples: Indenture (Hercules Technology Growth Capital Inc), Indenture (H&r Block Inc), Indenture (H&r Block Inc)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The (a) Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 12 contracts
Samples: Satisfaction and Discharge of Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A), Wells Fargo Financial Auto Owner Trust 2005-A, Indenture (Wells Fargo Auto Receivables Corp)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if there is a default relating to the payment of (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final Maturity Scheduled Payment Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, principal at the applicable Interest Rate and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 and applicable Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 11 contracts
Samples: Indenture (Mercedes-Benz Auto Receivables Trust 2023-2), Indenture (Mercedes-Benz Auto Receivables Trust 2023-2), Indenture (Mercedes-Benz Auto Receivables Trust 2023-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and and/or interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 9 contracts
Samples: Master Financial Asset Securitization Trust 1998-2, Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1, Empire Funding Home Loan Owner Trust 1997-5
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Controlling Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 2.07 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 9 contracts
Samples: Indenture (SLM Private Credit Student Loan Trust 2005-B), Indenture (SLM Private Credit Student Loan Trust 2005-A), Indenture (SLM Private Credit Student Loan Trust 2006-A)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) a default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole entire amount then due and payable on such Notes for in respect of principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and related Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 9 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2016-A), Indenture (BMW Vehicle Owner Trust 2016-A), Indenture (BMW Fs Securities LLC)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if there is a default relating to the payment of (i) default is made in the payment of any interest on any Note of the Controlling Class when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final Maturity Scheduled Payment Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, principal at the applicable Interest Rate and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 and applicable Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 8 contracts
Samples: Indenture (Mercedes-Benz Auto Receivables Trust 2019-1), Indenture (Mercedes-Benz Auto Receivables Trust 2019-1), Indenture (Mercedes-Benz Auto Receivables Trust 2018-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest Current Interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final applicable Maturity Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel, and such amounts as may be due to the Swap Counterparty.
Appears in 7 contracts
Samples: Indenture (Fieldstone Mortgage Investment CORP), Indenture (NYMT Securities CORP), Indenture (Fieldstone Mortgage Investment Trust, Series 2004-3)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five daysdays or, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole entire amount then due and payable on such Notes for in respect of principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and related Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, expenses and disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 7 contracts
Samples: Vehicle Owner (BMW Fs Securities LLC), BMW Vehicle Owner Trust 2010-A, Indenture (Hyundai Abs Funding Corp)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if there is a default relating to the payment of (i) default is made in the payment of any interest on any Note of the Controlling Class when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final Maturity Scheduled Distribution Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, principal at the applicable Interest Rate and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 and applicable Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 7 contracts
Samples: Indenture (Mercedes-Benz Auto Receivables Trust 2014-1), Indenture (Mercedes-Benz Auto Receivables Trust 2013-1), Indenture (Mercedes Benz Auto Receivables Trust 2012-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its the Indenture Administrator and their agents and counsel.
Appears in 6 contracts
Samples: SLC Student Loan Receivables I Inc, SLC Student Loan Trust 2004-1, SLC Student Loan Receivables I Inc
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default Default is made in the payment of any interest on any Note when the same becomes due and payable, and such default Default continues for a period of five days, or (ii) default Default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 5 contracts
Samples: Indenture (SLM Funding LLC), Indenture (SLM Funding LLC), Navient Funding, LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Legal Final Maturity Payment Date, the Issuer shall, upon demand of the Indenture Trustee, will pay to it, for the benefit of the NoteholdersNoteholders and Certificateholders, the whole amount then due and payable on such the Notes and Certificates for principal principal, interest and interestother amounts, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 5 contracts
Samples: Indenture (Oportun Financial Corp), Indenture (Oportun Financial Corp), Indenture (Oportun Financial Corp)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 5 contracts
Samples: Indenture (Nal Financial Group Inc), Indenture (Nal Financial Group Inc), Nal Financial Group Inc
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default Default is made in the payment of any interest on any Controlling Note when the same becomes due and payable, and such default Default continues for a period of five days, or (ii) default Default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 2.07 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 3 contracts
Samples: Indenture (SLM Private Credit Student Loan Trust 2006-C), Administration Agreement (SLM Private Credit Student Loan Trust 2007-A), Indenture (SLM Private Credit Student Loan Trust 2006-B)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 2 contracts
Samples: Indenture (Deutsche Recreational Asset Funding Corp), Deutsche Recreational Asset Funding Corp
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if if: (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, will upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 2 contracts
Samples: Goldman Sachs Asset Backed Securities Corp, Gs Mortgage Securities Corp
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Note of the Controlling Class when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counselcounsel to the extent not paid by the Administrator as contemplated by Section 6.7 hereof.
Appears in 2 contracts
Samples: Indenture (Chase Education Loan Trust 2007-A), Collegiate Funding of Delaware LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Note of the Controlling Class when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 2 contracts
Samples: Indenture (Wachovia Student Loan Trust 2005-1), Wachovia Education Loan Funding LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default Default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default Default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its the Indenture Administrator and their agents and counsel.
Appears in 2 contracts
Samples: Indenture (SLC Student Loan Trust 2007-2), Indenture (SLC Student Loan Trust 2007-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Interest Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 2 contracts
Samples: Tia Indenture (Painewebber Asset Acceptance Corp), Securitized Asset Backed Receivables LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of such Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by such Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 2 contracts
Samples: Daimlerchrysler Services North America LLC, Daimlerchrysler Services North America LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, will upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Gs Mortgage Securities Corp
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (1) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Legal Final Maturity Payment Date, the Issuer shall, upon demand of the Indenture Trustee, will pay to it, for the benefit of the NoteholdersNoteholders and Certificateholders, the whole amount then due and payable on such the Notes and Certificates for principal principal, interest and interestother amounts, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Oportun Financial Corp)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five two days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and and/or interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 borne by the Notes and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (H&r Block Inc)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) there is a default is made in the payment of (i) any interest on any Note the Notes when the same becomes due and payable, and such default continues for a period of five days, days or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable Notes at the related Note Final Maturity Scheduled Payment or the Redemption Date, the Issuer shall, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the such Noteholders, the whole entire amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 Overdue Interest Rate and in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents agents, attorneys and counsel.
Appears in 1 contract
Samples: Vehicle Lease (BMW Auto Leasing LLC)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest Current Interest on any Priority Class Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final applicable Maturity Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Sasco Mortgage Loan Trust Series 2003-Gel1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Legal Final Maturity Payment Date, the Issuer shall, upon demand of the Indenture Trustee, will pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal principal, interest and interestother amounts, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 Class A Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Oportun Financial Corp
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer (a) Owner Trustee covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallOwner Trustee will, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 2.8 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents agents, attorneys and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, interest with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 2.07 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Wells Fargo Student Loans Receivables I LLC)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest Current Interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final applicable Maturity Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: First NLC Trust 2005-1
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Priority Class Note when the same becomes due and payable, and such default continues for a period of five [ ] days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final applicable Maturity Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: BLG Securities Company, LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, upon demand of will pay to the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Long Beach Acceptance Corp
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default Default is made in the payment of any interest on any Controlling Note when the same becomes due and payable, and such default Default continues for a period of five days, or (ii) default Default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its the Indenture Administrator and their agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days35 days following the date on which such interest became due and payable, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes of the affected Series, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, interest upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Interest Rate borne by the Notes of such Series, and in addition thereto will pay such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) . (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shall, upon demand of will pay to the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default Default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default Default is made in the payment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Date, the Issuer shall, upon demand of the Indenture TrusteeTrustee (or the Indenture Administrator on its behalf), pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its the Indenture Administrator and their agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer Owner Trustee covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallOwner Trustee will, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Bond Securitization LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The (a) Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the then, Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Bas Securitization LLC
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Bank One Auto Securitization Trust 2003-1)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. The (i)The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Legal Final Maturity Payment Date, the Issuer shall, upon demand of the Indenture Trustee, will pay to it, for the benefit of the NoteholdersNoteholders and Certificateholders, the whole amount then due and payable on such the Notes and Certificates for principal principal, interest and interestother amounts, with interest upon the overdue principal, and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, at the rate specified in Section 2.7 applicable Note Rate and in addition thereto such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Oportun Financial Corp)
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. i) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the NoteholdersHolders of the Notes, the whole amount then due and payable on such Notes for principal and interest, with interest upon on the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon on overdue installments of interest, interest at the rate specified in Section 2.7 and borne by the Notes and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) default is made in the payment of any interest on any Note when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of or any installment of the principal of any Note when the same becomes due and payable at the related Note Final Maturity Datepayable, the Issuer shallwill, upon demand of the Indenture Trustee, pay to itthe Indenture Trustee, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and and/or interest, with interest upon the overdue principal, principal and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 borne by the Notes and in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: H&r Block Inc
Collection of Indebtedness and Suits for Enforcement by Indenture Trustee. (a) The Issuer covenants that if (i) there is a default is made in relating to the payment of (i) any interest on any Note of the Controlling Class when the same becomes due and payable, and such default continues for a period of five days, or (ii) default is made in the payment of the principal of any Note when the same becomes due and payable at on the related Note Final Maturity Scheduled Distribution Date, the Issuer shallwill, upon demand of the Indenture Trustee, pay to it, for the benefit of the Noteholders, the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal, principal at the applicable Interest Rate and, to the extent payment at such rate of interest shall be legally enforceable, upon overdue installments of interest, interest at the rate specified in Section 2.7 and applicable Interest Rate and, in addition thereto thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and counsel.
Appears in 1 contract
Samples: Indenture (Mercedes-Benz Auto Receivables Trust 2009-1)