Common use of General Provisions with Respect to Principal and Interest Payment Clause in Contracts

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due and payable following an Event of Default and such acceleration of maturity and its consequences have not been rescinded and annulled, then payments of principal of and interest on the Notes shall be made in accordance with Section 5.07 hereof.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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2007-1, Asset-Backed Notes, Series 200 - 2007-1”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in thirteen Classes, [the Class A-1A A-1 Notes, Class A-1B A-2 Notes, Class A-2A A-3 Notes, Class A-2B Notes, Class A-2C A-4 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-6 M-9 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ $311,472,000 of Class A-1A A-1 Notes, $ $57,693,000 of Class A-1B A-2 Notes, $ $205,650,000 of Class A-2A A-3 Notes, $ $67,513,000 of Class A-2B A-4 Notes, $ of Class A-2C Notes, $ $26,211,000 of Class M-1 Notes, $ $19,754,000 of Class M-2 Notes, $ $12,152,000 of Class M-3 Notes, $ $10,255,000 of Class M-4 Notes, $ $10,255,000 of Class M-5 Notes and $ Notes, $9,876,000 of Class M-6 Notes,] , $8,736,000 of Class M-7 Notes, $8,356,000 of Class M-8 Notes and $7,600,000 of Class M-9 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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2006-2, Asset-Backed Notes, Series 200 - 2006-2”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in thirteen Classes, [the Class A-1A A-1 Notes, Class A-1B A-2 Notes, Class A-2A A-3 Notes, Class A-2B Notes, Class A-2C A-4 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-6 M-9 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ $559,514,000 of Class A-1A A-1 Notes, $ $158,862,000 of Class A-1B A-2 Notes, $ $289,467,000 of Class A-2A A-3 Notes, $ $181,457,000 of Class A-2B A-4 Notes, $ of Class A-2C Notes, $ $41,300,000 of Class M-1 Notes, $ $37,100,000 of Class M-2 Notes, $ $23,800,000 of Class M-3 Notes, $ $20,300,000 of Class M-4 Notes, $ $20,300,000 of Class M-5 Notes and $ Notes, $17,500,000 of Class M-6 Notes,] , $15,400,000 of Class M-7 Notes, $10,500,000 of Class M-8 Notes and $21,700,000 of Class M-9 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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2004-4, Asset-Backed Notes, Series 200 - 2004-4”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in twelve Classes, [the Class A-1A Notes, Class A-1B 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 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 $ $309,736,000 of Class A-1A Notes, $ $77,435,000 of Class A-1B Notes, $ $62,279,000 of Class A-2A Notes, $ $60,417,000 of Class A-2B Notes, $ $30,406,000 of Class A-2C Notes, $ $322,076,000 of Class A-2D Notes, $64,925,000 of Class M-1 Notes, $ $50,788,000 of Class M-2 Notes, $ $13,613,000 of Class M-3 Notes, $ $10,996,000 of Class M-4 Notes, $ $10,471,000 of Class M-5 Notes and $ $12,043,000 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 8.02 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.] . All computations of interest accrued on any Class M-6 Note shall be made on the basis of a year of 360 days comprised of 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.

General Provisions with Respect to Principal and Interest Payment. The Notes shall be designated generally as the “NovaStar Mortgage Funding Trust 200 - Trust, Series 2006-1, Asset-Backed Notes, Series 200 - 2006-1”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in sixteen Classes, [the Class A-1A Notes, Class A-1B 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, Class M-9 Notes, Class M-10 Notes and Class M-6 M-11 Notes. The aggregate Original Class Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ $767,078,000 of Class A-1A Notes, $ of Class A-1B Notes, $ $182,000,000 of Class A-2A Notes, $ $91,700,000 of Class A-2B Notes, $ $71,400,000 of Class A-2C Notes, $ $32,621,000 of Class A-2D Notes, $78,300,000 of Class M-1 Notes, $ $21,600,000 of Class M-2 Notes, $ $18,900,000 of Class M-3 Notes, $ $18,225,000 of Class M-4 Notes, $ $12,825,000 of Class M-5 Notes and $ Notes, $10,125,000 of Class M-6 Notes,] , $8,775,000 of Class M-7 Notes, $7,425,000 of Class M-8 Notes, $8,775,000 of Class M-9 Notes, $6,750,000 of Class M-10 Notes and $6,750,000 of Class M-11 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 “NovaStar Accredited Mortgage Funding Loan 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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2006-1, Asset-Backed Notes, Series 200 - 2006-1”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in thirteen Classes, [the Class A-1A A-1 Notes, Class A-1B A-2 Notes, Class A-2A A-3 Notes, Class A-2B Notes, Class A-2C A-4 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-6 M-9 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ $405,360,000 of Class A-1A A-1 Notes, $ $112,530,000 of Class A-1B A-2 Notes, $ $228,160,000 of Class A-2A A-3 Notes, $ $99,609,000 of Class A-2B A-4 Notes, $ of Class A-2C Notes, $ $30,614,000 of Class M-1 Notes, $ $28,607,000 of Class M-2 Notes, $ $17,566,000 of Class M-3 Notes, $ $16,562,000 of Class M-4 Notes, $ $15,056,000 of Class M-5 Notes and $ Notes, $12,045,000 of Class M-6 Notes,] , $11,041,000 of Class M-7 Notes, $10,539,000 of Class M-8 Notes and $10,038,000 of Class M-9 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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2005-2, Asset-Backed Notes, Series 200 - 2005-2”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in eleven Classes, [the Class A-1A Notes, Class A-1B A-1 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, Class M-6 Notes, Class M-7 Notes, Class M-8 Notes, Class M-9 Notes, Class M-10 Notes and Class M-6 M-11 Notes. The aggregate Original Note Principal Balance of Notes that may be authenticated and delivered under the Indenture is limited to $ $187,263,000 of Class A-1A A-1 Notes, $ of Class A-1B Notes, $ $287,445,000 of Class A-2A Notes, $ $294,222,000 of Class A-2B Notes, $ $71,582,000 of Class A-2C Notes, $ $32,250,000 of Class M-1 Notes, $ $28,722,000 of Class M-2 Notes, $ $18,141,000 of Class M-3 Notes, $ $16,629,000 of Class M-4 Notes, $ $15,621,000 of Class M-5 Notes and $ Notes, $12,598,000 of Class M-6 Notes,] , $11,085,000 of Class M-7 Notes, $8,063,000 of Class M-8 Notes, $10,078,000 of Class M-9 Notes, $6,047,000 of Class M-10 Notes and $8,062,000 of Class M-11 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 8.02 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 “NovaStar Accredited Mortgage Funding Loan Trust 200 - 2005-1, Asset-Backed Notes, Series 200 - 2005-1”. The Notes shall be issued in the form specified in Section 2.01 hereof. The Notes shall be issued in eleven 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 $ $300,820,000 of Class A-1A Notes, $ $75,200,000 of Class A-1B Notes, $ $152,760,000 of Class A-2A Notes, $ $147,400,000 of Class A-2B Notes, $ $77,320,000 of Class A-2C Notes, $ $55,030,000 of Class M-1 Notes, $ $30,730,000 of Class M-2 Notes, $ $12,840,000 of Class M-3 Notes, $ $12,380,000 of Class M-4 Notes, $ $29,350,000 of Class M-5 Notes and $ $9,630,000 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 8.02 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.