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due and payable following an Event of Default and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Notes shall be made in accordance with Section 5.07 hereof.
Appears in 2 contracts
Samples: Indenture (American Business Financial Services Inc /De/), Indenture (Bear Stearns Asset Backed Securities Inc)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 20002004-41, Mortgage Asset-Backed Notes, Series 20002004-4"1”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes, and Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 250,121,000 of Class A A-1 Notes and $254,879,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-4, Mortgage Asset Backed Notes, Series 20001998-4". The Notes shall be issued in 1" of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of 72,650,000 Class A A-1 Notes and $102,350,000 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 an Original Note Balance, Note Interest Rate for the initial Interest Period and Stated Maturity Date, each as follows: Initial Original Note Note Interest Final Designation Balance Rate Maturity Date ----------- ------------- ------------- ----------------- Class A-1 $72,650,000 6.53% December 25, 2029 Class A-2 $102,350,000 6.55% December 25, 2029 The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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 related 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. Interest on the Notes shall accrue at the related 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 hereof5.07.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20001998-4, Mortgage Backed Notes, Series 20001998-4". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 64,350,000 of Class A A-1 Notes and $14,850,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 8.02(a) of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Accredited Mortgage Loan Trust 2000-41, Mortgage Asset-Backed Notes, Series 2000-41". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 53,047,000 of Class A A-1 Notes and $120,429,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20002001-4, Mortgage Backed Notes, Series 20002001-4". 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. The Class A Notes. The aggregate Notes will have an Original Note Aggregate Principal Balance of $322,320,000. The Original Note Aggregate Principal Balance of the Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of Class A Notessuch amounts, 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 Class of Notes shall be payable in installments ending no later than the related Final Stated Maturity Date, unless the unpaid principal of such the 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.
Appears in 1 contract
Samples: Indenture (Bear Stearns Asset Backed Securities Inc)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20001999-41, Mortgage Backed Notes, Series 20001999-41". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 100,000,000 of Class A A-1 Notes and $84,075,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 8.02(a) of this Indenture, the principal of the 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 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
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 200 - " of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the this 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. 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 Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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. 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 hereof5.07.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 2000200[_]-[_], Asset-4, Mortgage Backed Notes, Series 2000-4"200[_]-[_]”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes, and Class A-2 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 A-1 Notes and $[ ] of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related 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.
Appears in 1 contract
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 200 - ” of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the this 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. The Notes shall consist of one class designated as Class , having a Note Interest Rate and Final Maturity Date as follows: The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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. 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 hereof5.07.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20001999-43, Mortgage Backed Notes, Series 20001999-43". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 186,065,000 of Class A A-1 Notes and $32,835,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 20002003-42, Mortgage Asset-Backed Notes, Series 20002003-4"2”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classthree Classes, the Class A A-1 Notes, Class A-2 Notes, and the Class A-3 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 117,400,000 of Class A A-1 Notes $199,890,000 of Class A-2 Notes and $99,510,000 of Class A-3 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 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note or Class A-3 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. (a) The Notes Note shall be designated generally as the "ABFS Mortgage Loan Warehouse Trust 20002001-41, Mortgage Backed NotesNote, Series 20002001-41". .
(b) The Notes Note shall be issued in the form specified in Section 2.01 hereof. The Notes Note shall be issued in one Class, the Class A Notes. The aggregate Original Note Principal Balance of the Class A Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of 200,000,000 and provided further that the amount due under the Class A Notes, except for Note at any time shall be equal to 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. Class A Note Principal Balance.
(c) Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the Notes Note shall be payable in installments ending no later than the related Final Stated Maturity Date, unless the unpaid principal of such Notes become Note becomes due and payable at an earlier date by declaration of acceleration or call for redemption or otherwise. .
(d) 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 the Class A Note shall be made on the basis of a year of 360 days and the actual number of days elapsed; provided, that, after a Rate Fixing Date, such calculations shall be made on the basis of a year of 360 days consisting of twelve 30-day months. .
(e) Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the NotesNote, if the Notes have Note has 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 Note shall be made in accordance with Section 5.07 8.02 hereof.
Appears in 1 contract
Samples: Indenture (American Business Financial Services Inc /De/)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-42, Mortgage Backed Notes, Series 2000-42". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 255,000,000 of Class A A-1 Notes and $45,000,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20002001-43, Mortgage Backed Notes, Series 20002001-43". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the following Classes: the Class A A-1 Notes and the Class A-2 Notes. The aggregate Class A-1 Notes will have an Original Note Principal Balance of $253,800,000 and the Class A-2 Notes that may be authenticated and delivered under the Indenture will have an Original Note Principal Balance of $52,200,000. The Original Note Principal Balance of each such Class is limited to $275,000,000 of Class A Notessuch amounts, 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 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 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20001999-42, Mortgage Backed Notes, Series 20001999-42". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 197,010,000 of Class A A-1 Notes and $21,890,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 8.02(a) of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 20002004-43, Mortgage Asset-Backed Notes, Series 20002004-4"3”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Groups, the Class A Group I Notes, and Group II Notes. The Group II Notes shall be further assigned to either Pool IIA or to Pool IIB. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 245,810,233 of Class A NotesGroup I Notes and $766,436,984 of Group II Notes (with Balances limited to $429,146,092 for Pool IIA and $337,290,893 for Pool IIB), 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 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 Class A Group II Note shall be made on the basis of a year of 360 days comprised of twelve 30-day months. All computations of interest accrued on any Group II Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 20002004-42, Mortgage Asset-Backed Notes, Series 20002004-4"2”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes, and Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 342,200,000 of Class A A-1 Notes and $342,720,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-41, Mortgage Backed Notes, Series 2000-41". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classtwo Classes, the Class A A-1 Notes and the Class A-2 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 200,000,000 of Class A A-1 Notes and $35,000,000 of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
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 Classtwo Classes, the Class A A-1 Notes and the Class A-2 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 A-1 Notes and $_____________ of 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. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 8.02(a) of this Indenture, the principal of the 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 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Warehouse Trust 2000-41, Mortgage Backed Notes, Series 2000-41". 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 Notesdesignated as "Class A". The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 150,000,000 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; provided, that the Original Note Principal Balance of the Class A Notes when added to the outstanding amount under the Existing Warehouse Facility shall not exceed $150,000,000; and provided further that the amount due under the Class A Notes at any time shall be equal to the Class A Note Principal Balance. 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 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 Class A Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related 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 or an Amortization Event 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. The Notes need not be issued at the same time and, unless otherwise so provided by the Issuer, this series of Notes may be reopened upon (i) the execution of a Subsequent Pledge Agreement by the Depositor, Issuer and Indenture Trustee to effect the delivery by the Depositor to the Issuer (and the Grant by the Issuer to the Indenture Trustee) of Subsequent Mortgage Loans pursuant to Section 2.14(b) and (ii) the issuance by the Issuer of a Trust Order to authenticate additional Notes pursuant to Section 2.11 hereof. Any additional Notes so issued will rank pari passu with all other Notes issued under this series. In the event that additional Notes are issued to the holder of existing Notes, such holder may, at its option, elect to have a single new Note issued in an amount equal to the sum of the existing Notes remaining Note Principal Balance and the Note Principal Balance of the additional Note to be issued.
Appears in 1 contract
Samples: Indenture (American Business Financial Services Inc /De/)
General Provisions with Respect to Principal and Interest Payment. The Secured Notes shall be designated generally as the "ABFS Mortgage Loan Warehouse Trust 2000-42, Mortgage Backed Secured Notes, Series 2000-42". The Secured 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 Secured Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 200,000,000 of Class A Secured Notes. With the exception of the Note Principal Balance, except for the Notes authenticated calculation of the Advance Amount reflected thereon and delivered upon registration of transfer ofthe Maturity Date, or in exchange foreach Secured Note shall have substantially the same terms as each other Secured Note, or in lieu ofincluding the interest rate, other Notes pursuant to Sections 2.06, 2.07, or 9.06 of this Indenturethe Payment Date and the Redemption Date. Subject to the provisions of Sections 3.01, 5.07, 5.09 and 8.02 of this Indenture, the principal of the Secured Notes shall be payable in installments ending no later than the related Final Stated Maturity Date, unless the unpaid principal of such Secured 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 Secured Note shall be applied first to the interest then due and payable on such Secured Note and then to the principal thereof. All computations of interest accrued on any Class A Secured Note shall be made on the basis of a year of 360 days and twelve 30-day monthsthe actual number of days elapsed in the related Accrual Period. Notwithstanding any of the foregoing provisions with respect to payments of principal of and interest on the Secured Notes, if the Secured Notes have become or been declared due and payable following an Event of Default or an Amortization Event and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Secured Notes shall be made in accordance with Section 5.07 hereof. The Servicer will deliver to each of the Note Holder and the Indenture Trustee, at the time of issuance of each Secured Note and in connection with (i) the execution of the related Assignment by the Depositor, Issuer and Indenture Trustee to effect the delivery by the Depositor to the Issuer (and the Grant by the Issuer to the Indenture Trustee) of Mortgage Loans pursuant to Section 2.12(b) and (ii) the issuance by the Issuer of a Trust Order to authenticate additional Secured Notes pursuant to Section 2.11 hereof, the Mortgage Loan Schedule that relate to such Secured Note. Each Secured Note shall be secured by all of the Collateral, equally and ratably with each other Secured Note issued hereunder.
Appears in 1 contract
Samples: Indenture (American Business Financial Services Inc /De/)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-4, Mortgage Asset Backed Notes, Series 20001999-4". The Notes shall be issued in 2" of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the this Indenture is limited to $275,000,000 of Class A Notes144,953,790, 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 a Note Interest Rate and Final Maturity Date as follows: Designation Original Note Note Interest Rate Final Maturity Date ----------- Balance ------------------ ------------------- ------- Class A 144,953,790 7.583% December 25, 2030 The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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. 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 hereof5.07.
Appears in 1 contract
Samples: Indenture (Ace Securities Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS “Accredited Mortgage Loan Trust 20002003-43, Mortgage Asset-Backed Notes, Series 20002003-4"3”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classthree Classes, the Class A A-1 Notes, Class A-2 Notes, and the Class A-3 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 194,704,000 of Class A A-1 Notes $210,312,000 of Class A-2 Notes and $110,534,000 of Class A-3 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 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 Class A A-1 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-2 Note or Class A-3 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-43, Mortgage Backed Notes, Series 2000-43". 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 $275,000,000 150,000,000 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 20001999-4, Mortgage Backed Notes, Series 20001999-4". The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in one Classthree Classes, the Class A A-1 Notes, the Class A-2 Notes and the Class A-3 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 100,000,000 of Class A A-1 Notes, $90,000,000 of Class A-2 Notes and $30,000,000 of Class A-3 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 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 Class A A-1 Note or any Class A-2 Note shall be made on the basis of a year of 360 days and twelve 30-day months. All computations of interest accrued on any Class A-3 Note shall be made on the basis of a year of 360 days and the actual number of days elapsed in the related 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.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-4, Mortgage Asset Backed Notes, Series 20001998-4". The Notes shall be issued in 2" of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of 93,325,000 Class A A-1 Notes and $60,000,000 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 an Original Note Balance, Note Interest Rate for the initial Interest Period and Final Maturity Date as follows: Original Note Initial Note Interest Final Designation Balance Rate Maturity Date ----------- ------- ---- ------------- Class A-1 $93,325,000 6.605% July 2029 Class A-2 $60,000,000 6.585% July 2029 The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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. Interest on the Notes shall accrue at the related 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 hereof5.07.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000Mortgage-4, Mortgage Backed LIBOR Notes, Class A, Series 20001999-4". The Notes shall be issued in 1" of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of Class A Notes229,000,000, 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, having an Original Note Balance of $229,000,000 and Final Maturity Date of April 25, 2029. The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, Date unless the unpaid principal of such Notes become 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 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 30360-day monthsyear and the actual number of days elapsed in the 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 Interest on the Notes shall accrue at the Note Interest Rate during each Interest Accrual Period on the Note Balance of each Outstanding Note at the end of such Interest Accrual Period. Interest accrued during an Interest Accrual Period shall be made in accordance with Section 5.07 hereofpayable on the next following Payment Date.
Appears in 1 contract
Samples: Indenture (Bear Stearns Asset Backed Securities Inc)
General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the "ABFS Mortgage Loan Trust 2000-4, Mortgage Asset Backed Notes, Series 20001998-4". The Notes shall be issued in 1" of the form specified in Section 2.01 hereof. The Notes shall be issued in one Class, the Class A NotesIssuer. The aggregate Original Note Principal Balance principal amount of Notes that may be authenticated and delivered under the Indenture is limited to $275,000,000 of Class A Notes120,000,000, 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 and only one class having an Original Note Balance, Note Interest Rate for the initial Interest Period and Final Maturity Date as follows: Original Note Note Interest Final Designation Balance Rate Maturity Date ----------- ------- ---- ------------- Series 1998-1 $120,000,000 6.755% August 25, 2029 The Notes shall be issued in the form specified in Section 2.01. Subject to the provisions of Sections Section 3.01, Section 5.07, Section 5.09 and 8.02 of this IndentureSection 8.02(d), the principal of the Notes shall be payable in installments ending no later than the Final Stated Maturity Date, 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. 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 hereof5.07.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)