Common use of Determination of Principal Clause in Contracts

Determination of Principal. Principal with respect to each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Supplement. However, all principal or interest with respect to any Series of Notes shall be due and payable no later than the Final Distribution Date with respect to such Series.

Appears in 1 contract

Samples: Base Indenture (PHH Corp)

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Determination of Principal. Principal with respect to each Series of Notes shall be determined, allocated and distributed in accordance with the procedures set forth in the applicable Series Supplement. However, all principal or interest with respect to any Series of Notes shall be due and payable no later than the Final Distribution Scheduled Payment Date with respect to such Series.

Appears in 1 contract

Samples: Base Indenture (Uici)

Determination of Principal. Principal with respect to each Series of Subordinated Notes shall be determined, allocated and distributed paid in accordance with the procedures set forth in the applicable Supplement. However, all principal or interest with respect to any Series of Subordinated Notes shall be due and payable no later than the Final Distribution Scheduled Payment Date with respect to such Series. [THE REMAINDER OF ARTICLE 5 IS RESERVED AND MAY BE SPECIFIED IN ANY SUPPLEMENT WITH RESPECT TO ANY SERIES.]

Appears in 1 contract

Samples: Residential Mortgage Backed Subordinated Notes Indenture (New Century Financial Corp)

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Determination of Principal. Principal with respect to each Series of Term Notes or Subordinated Notes shall be determined, allocated and distributed paid in accordance with the procedures set forth in the applicable Supplement. However, all principal or interest with respect to any Series of Term Notes or Subordinated Notes, as applicable, shall be due and payable no later than the Final Distribution Scheduled Payment Date with respect to such SeriesSeries of Term Notes or Subordinated Notes, as applicable.

Appears in 1 contract

Samples: Base Indenture (Accredited Home Lenders Holding Co)

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