DEFERRAL OF PAYMENTS OF INTEREST. Borrower shall not be required at any time to make any payment of Interest other than from funds released to Borrower from any spread account, or similar account however denominated, established in connection with an asset-backed securities transaction utilizing Contracts transferred by Borrower, directly or indirectly, into the securitization trust of that asset-backed securities transaction or from the net proceeds of the voluntary sale of assets of Borrower other than to a securitization trust. Payments of Interest which accrue and are not paid by reason of this Section 2.4.3 shall not bear interest.
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Samples: Revolving Line of Credit Agreement (WFS Financial Inc), Revolving Line of Credit Agreement (Westcorp /Ca/), Revolving Line of Credit Agreement (Westcorp /Ca/)
DEFERRAL OF PAYMENTS OF INTEREST. Borrower shall not be required at any time to make any payment of Interest other than from funds released to Borrower from any spread account, or similar account however denominated, established in connection with an asset-backed securities transaction utilizing Contracts transferred by Borrower, directly or indirectly, into the securitization trust of that asset-backed securities transaction or from the net proceeds of the voluntary sale of assets of Borrower other than to a securitization trustBorrower. Payments of Interest which accrue and are not paid by reason of this Section 2.4.3 shall not bear interest.
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