Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.02, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the Note Balance shall, until paid, bear interest from the Redemption Date at the Note Interest Rate.
Appears in 11 contracts
Sources: Indenture (Wachovia Mortgage Loan Trust, LLC), Indenture (Southpoint Residential Mortgage Securities Corp), Indenture (Wachovia Asset Securitization Inc)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer Issuing Entity shall default in the payment of the Redemption Pricesuch payment) no interest shall accrue on such Redemption Price Notes for any period after such Redemption Date; provided, however, that if such Redemption Price payment is not paid made on the Redemption Date, the Class Note Balance shall, until paid, bear interest from the Redemption Date at the Note applicable Interest Rate.
Appears in 10 contracts
Sources: Indenture (NovaStar Certificates Financing LLC), Indenture (NovaStar Certificates Financing CORP), Indenture (Accredited Mortgage Loan REIT Trust)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer Trust shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the Note Principal Balance shall, until paid, bear interest from the Redemption Date at the applicable Note Interest Rate.
Appears in 4 contracts
Sources: Indenture (Prudential Securities Secured Financing Corp), Indenture (Prudential Securities Secured Financing Corp), Indenture (Prudential Securities Secured Financing Corp)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer Trust shall default in the payment of the Redemption Pricesuch payment) no interest shall accrue on such Redemption Price Notes for any period after such Redemption Date; provided, however, that if such Redemption Price payment is not paid made on the Redemption Date, the Note Principal Balance shall, until paid, bear interest from the Redemption Date at the Note Interest Rate.
Appears in 3 contracts
Sources: Indenture (American Business Financial Services Inc /De/), Indenture (Prudential Securities Secured Financing Corp), Indenture (Bear Stearns Asset Backed Securities Inc)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Pricesuch payment) no interest shall accrue on such Redemption Price Notes for any period after such Redemption Date; provided, however, that if such Redemption Price payment is not paid made on the Redemption Date, the Class Note Balance shall, until paid, bear interest from the Redemption Date at the Note applicable Interest Rate.
Appears in 2 contracts
Sources: Indenture (Accredited Mortgage Loan Trust 2005-3), Indenture (Accredited Mortgage Loan Trust 2005-4)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.02, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer party electing to redeem shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the related Note Balance shall, until paid, bear interest from the Redemption Date at the related Note Interest Rate.
Appears in 2 contracts
Sources: Indenture (Residential Asset Funding Corp), Indenture (Residential Asset Funding Corp)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.028.03, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the Note Balance shall, until paid, bear interest from the Redemption Date at the Note Interest Rate.. END OF ARTICLE VIII
Appears in 1 contract
Sources: Indenture (Imc Securities Inc)
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.02, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the Note Principal Balance shall, until paid, bear interest from the Redemption Date at the Note Interest Rate.
Appears in 1 contract
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer Issuing Entity shall default in the payment of the Redemption Pricesuch payment) no interest shall accrue on such Redemption Price Notes for any period after such Redemption Date; provided, however, that if such Redemption Price payment is not paid made on the Redemption Date, the Note Principal Balance shall, until paid, bear interest from the Redemption Date at the applicable Note Interest Rate.
Appears in 1 contract
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.0210.02 hereof, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer Trust shall default in the payment of the Redemption Pricesuch payment) no interest shall accrue on such Redemption Price Notes for any period after such Redemption Date; provided, however, that if such Redemption Price payment is not paid made on the Redemption Date, the Note Principal Balance shall, until paid, bear interest from the Redemption Date at the Note applicable Interest Rate.
Appears in 1 contract
Notes Payable on Optional Redemption. Notice of redemption having been given as provided in Section 10.02, the Notes to be redeemed shall, on the applicable Redemption Date, become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on such Redemption Price for any period after such Redemption Date; provided, however, that if such Redemption Price is not paid on the Redemption Date, the Note Balance shall, until paid, bear interest from the Redemption Date at the Note Interest Rate.
Appears in 1 contract
Sources: Indenture (Bear Stearns Asset Backed Securities Inc)