General Provisions with Respect to Principal and Interest Payment Sample Clauses

General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-4, Mortgage Backed Notes, Series 2000-4". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of Class A Notes, except for the Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, unless the unpaid principal of such Notes become due and payable at an earlier date by declaration of acceleration or call for redemption or otherwise. All payments made with respect to any Note shall be applied first to the interest then due and payable on such Note and then to the principal thereof. All computations of interest accrued on any Class A Note shall be made on the basis of a year of 360 days and twelve 30-day months. Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Notes, if the Notes have become or been declared due and payable following an Event of Default and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Notes shall be made in accordance with Section 5.07 hereof.
AutoNDA by SimpleDocs
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the “NovaStar Mortgage Funding Trust 200 - , Asset-Backed Notes, Series 200 - ”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in Classes, [the Class A-1A Notes, Class A-1B Notes, Class A-2A Notes, Class A-2B Notes, Class A-2C Notes, Class M-1 Notes, Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes and Class M-6 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ of Class A-1A Notes, $ of Class A-1B Notes, $ of Class A-2A Notes, $ of Class A-2B Notes, $ of Class A-2C Notes, $ of Class M-1 Notes, $ of Class M-2 Notes, $ of Class M-3 Notes, $ of Class M-4 Notes, $ of Class M-5 Notes and $ of Class M-6 Notes,] except for the Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.01 of this Indenture, the principal of each Class of Notes shall be payable in installments ending no later than the related Final Stated Maturity Date, unless the unpaid principal of such Notes become due and payable at an earlier date by declaration of acceleration or call for redemption or otherwise. All payments made with respect to any Note shall be applied first to the interest then due and payable on such Note and then to the principal thereof. [All computations of interest accrued on any LIBOR Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related Interest Accrual Period.] Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Notes, if the Notes have become or been declared due and payable following an Event of Default and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Notes shall be made in accordance with Section 5.07 hereof.
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "Mortgage Backed Notes, Series 200 - " of the Issuer. The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is limited to $_____ , except for the Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. The Notes shall consist of one class designated as Class _____, having a Note Interest Rate and Final Maturity Date as follows: Designation Original Note Balance Note Interest Rate Final Maturity Date ----------- --------------------- ------------------ ------------------- % The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Section 3.01, Section 5.07, Section 5.09 and Section 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Maturity Date unless the unpaid principal of such Notes become due and payable at an earlier date by declaration of acceleration or call for redemption or otherwise. All payments made with respect to any Note shall be applied first to the interest then due and payable on such Note and then to the principal thereof. All computations of interest accrued on any Note shall be made on the basis of a year of 360 days and twelve 30-day months. Interest on the Notes shall accrue at the Note Interest Rate during each Interest Period on the Current Note Balance of each Outstanding Note at the end of such Interest Period. Interest accrued during an Interest Period shall be payable on the next following Payment Date. All payments of principal of and interest on any Note shall be made in the manner specified in Section 2. Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Notes, if the Notes have become or been declared due and payable following an Event of Default and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Notes shall be made in accordance with Section 5.07.
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "Accredited Mortgage Loan Trust 2002-2, Asset-Backed Notes, Series 2002-2".
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the “NovaStar Mortgage Funding Trust, Series 2006-MTA1, Asset-Backed Notes, Series 2006-MTA1”.
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "Asset Backed Notes, Series 20 - " of the Issuer. The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is limited to $[__________], except for the Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. The Notes shall consist of one class designated as Class A, having an Interest Rate and Final Maturity Date as follows:
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the “Accredited Mortgage Loan Trust 2005-3, Asset-Backed Notes, Series 2005-3”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in fourteen Classes, the Class A-1 Notes, Class A-2A Notes, Class A-2B Notes, Class A-2C Notes, Class A-2D Notes, Class M-1 Notes, Class M-2 Notes, Class M-3 Notes, Class M-4 Notes, Class M-5 Notes, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes and Class M-9
AutoNDA by SimpleDocs
General Provisions with Respect to Principal and Interest Payment. The Bonds shall be designated generally as the "Collateralized Home Equity Bonds, Series 1999-2" of the Issuer. The Bonds shall consist of two classes, having an Original Class Balance of $332,350,000, in the case of the Class A-1 Bonds, and $61,750,000, in the case of the Class A-2 Bonds. The aggregate principal amount of Bonds that may be authenticated and delivered under the Indenture is limited to $332,350,000, in the case of the Class A-1 Bonds, and $61,750,000, in the case of the Class A-2 Bonds, except for the Bonds authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Bonds pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. The Final Maturity Payment Date of each Class of Bonds is July 25, 2029. The Bonds shall be issued in the form specified in Section 2.01. Subject to the provisions of Section 3.01, Section 5.07, Section 5.09 and Section 8.02(d), the principal of each Class of Bonds shall be payable in installments ending no later than the Final Maturity Payment Date unless the unpaid principal of such Bonds becomes due and payable at an earlier date by declaration of acceleration or call for redemption or otherwise. All payments made with respect to any Bond shall be applied first to the interest then due and payable on such Bond and then to the principal thereof. All computations of interest accrued on any Class A-1 Bond shall be made on the basis of a 360-day year and the actual number of days elapsed in the Interest Accrual Period. All computations of interest accrued on any Class A-2 Bond shall be made on the basis of a year of 360 days and twelve 30-day months. Interest on the Bonds shall accrue at the Class A-1 Bond Interest Rate, in the case of the Class A-1 Bonds, and the Class A-2 Bond Interest Rate, in the case of the Class A-2 Bonds, during each Interest Accrual Period on the Class Balance of each Outstanding Bond at the end of such Interest Accrual Period. Interest accrued during an Interest Accrual Period shall be payable on the next following Payment Date.
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "Asset Backed Notes, Series 1999-1" of the Issuer. The aggregate principal amount of Notes that may be authenticated and delivered under the Indenture is limited to $100,538,000 Class A-1 Notes and $44,572,000 Class A-2 Notes, except for the Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenture. The Notes shall consist of two classes each, having a Note Interest Rate and Final Maturity Date as follows:
General Provisions with Respect to Principal and Interest Payment. (a) The Note shall be designated generally as the "ABFS Mortgage Loan Warehouse Trust 2001-1, Mortgage Backed Note, Series 2001-1".
Time is Money Join Law Insider Premium to draft better contracts faster.