Interest Distributions. On each Distribution Date (including the Expected Payment Date), Monthly Interest will be distributed to the Series 1997-1 Certificateholders as accrued interest on the 1997-1 Certificates. To the extent any interest is due but not distributed on any such Distribution Date, such amount will be distributed on the following Distribution Date, along with, to the extent permitted by law, interest at the Certificate Rate on such amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Navistar Financial Corp), Pooling and Servicing Agreement (Navistar Financial Securities Corp)
Interest Distributions. On each Distribution Date (including the Expected Payment Date), Monthly Interest will be distributed to the Series 19971995-1 Certificateholders as accrued interest on the 19971995-1 Certificates. To the extent any interest is due but not distributed on any such Distribution Date, such amount will be distributed on the following Distribution Date, along with, to the extent permitted by law, interest at the Certificate Rate on such amount.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Navistar Financial Securities Corp)
Interest Distributions. On each Distribution Date (including the Expected Payment Date), Monthly Interest will be distributed to the Series 19971998-1 Certificateholders as accrued interest on the 19971998-1 Certificates. To the extent any interest is due but not distributed on any such Distribution Date, such amount will be distributed on the following Distribution Date, along with, to the extent permitted by law, interest at the Certificate Rate on such amount.1
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Navistar Financial Securities Corp)
