Common use of Money for Note Payments Clause in Contracts

Money for Note Payments. (a) All payments with respect to any Notes which are to be made from amounts withdrawn from the Revenue Fund pursuant to Section 5.05 hereof shall be punctually made on behalf of the Owner Trustee by the Indenture Trustee or by a Paying Agent, and no amounts so withdrawn from an Account for payments with respect to Notes shall be paid over to the Owner Trustee under any circumstances except as provided in this Section 3.03 and Article V hereof.

Appears in 5 contracts

Samples: Servicing Agreement (Capital One Auto Receivables LLC), Capital One Auto Receivables Trust 2001-B, Capital One Auto Finance Trust 2002-C

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Money for Note Payments. (a) All payments with respect to any Notes which are to be made from amounts withdrawn from the Revenue Fund Collection Account pursuant to Section 5.05 5.03 hereof shall be punctually made on behalf of the Owner Trustee Issuer by the Indenture Trustee or by a Paying Agent, and no amounts so withdrawn from an Account for payments with respect to Notes shall be paid over to the Owner Trustee Issuer under any circumstances except as provided in this Section 3.03 and Article V hereof.

Appears in 3 contracts

Samples: Contribution Agreement (Americredit Corp), Bay View Capital Corp, Indenture (Bay View Capital Corp)

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Money for Note Payments. (a) All payments with respect to any Notes which are to be made from amounts withdrawn from the Revenue Fund pursuant to Section 5.05 hereof shall be punctually made on behalf of the Owner Trustee Issuer by the Indenture Trustee or by a Paying Agent, and no amounts so withdrawn from an Account for payments with respect to the Notes shall be paid over to the Owner Trustee Issuer under any circumstances except as provided in this Section 3.03 and Article V hereof.

Appears in 1 contract

Samples: Capital One Auto Receivables LLC

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