Common use of Payment of Interest; Funding Agent Failure to Provide Rate Clause in Contracts

Payment of Interest; Funding Agent Failure to Provide Rate. (i) On each Payment Date, the Series 2013-B Monthly Interest Amount and the Series 2013-B Monthly Default Interest Amount, in each case, with respect to such Payment Date, shall be due and payable on such Payment Date in accordance with the provisions hereof. (ii) If the amounts described in Section 5.3 are insufficient to pay the Series 2013-B Monthly Interest Amount or the Series 2013-B Monthly Default Interest Amount for any Payment Date, payments of such Series 2013-B Monthly Interest Amount or Series 2013-B Monthly Default Interest Amount, as applicable and in each case, to the Series 2013-B Noteholders will be reduced on a pro rata basis (determined on the basis of the portion of such Series 2013-B Monthly Interest Amount or Series 2013-B Monthly Default Interest Amount, as applicable and in each case, payable to each such Series 2013-B Noteholder) by the amount of such insufficiency (the aggregate amount, if any, of such insufficiency on any Payment Date, the “Series 2013-B Deficiency Amount”), and interest shall accrue on any such Series 2013-B Deficiency Amount at the applicable Series 2013-B Note Rate.

Payment of Interest; Funding Agent Failure to Provide Rate. (i) On each Payment Date, the Series 2013-B A Monthly Interest Amount and the Series 2013-B A Monthly Default Interest Amount, in each case, with respect to such Payment Date, shall be due and payable on such Payment Date in accordance with the provisions hereof. (ii) If the amounts described in Section 5.3 are insufficient to pay the Series 2013-B A Monthly Interest Amount or the Series 2013-B A Monthly Default Interest Amount for any Payment Date, payments of such Series 2013-B A Monthly Interest Amount or Series 2013-B A Monthly Default Interest Amount, as applicable and in each case, to the Series 2013-B A Noteholders will be reduced on a pro rata basis (determined on the basis of the portion of such Series 2013-B A Monthly Interest Amount or Series 2013-B A Monthly Default Interest Amount, as applicable and in each case, payable to each such Series 2013-B A Noteholder) by the amount of such insufficiency (the aggregate amount, if any, of such insufficiency on any Payment Date, the “Series 2013-B A Deficiency Amount”), and interest shall accrue on any such Series 2013-B A Deficiency Amount at the applicable Series 2013-B A Note Rate.

Payment of Interest; Funding Agent Failure to Provide Rate. (i) On each Payment Date, the Series 20132014-B A Monthly Interest Amount and the Series 20132014-B A Monthly Default Interest Amount, in each case, with respect to such Payment Date, shall be due and payable on such Payment Date in accordance with the provisions hereof. (ii) If the amounts described in Section 5.3 are insufficient to pay the Series 20132014-B A Monthly Interest Amount or the Series 20132014-B A Monthly Default Interest Amount for any Payment Date, payments of such Series 20132014-B A Monthly Interest Amount or Series 20132014-B A Monthly Default Interest Amount, as applicable and in each case, to the Series 20132014-B A Noteholders will be reduced on a pro rata basis (determined on the basis of the portion of such Series 20132014-B A Monthly Interest Amount or Series 20132014-B A Monthly Default Interest Amount, as applicable and in each case, payable to each such Series 20132014-B A Noteholder) by the amount of such insufficiency (the aggregate amount, if any, of such insufficiency on any Payment Date, the “Series 20132014-B A Deficiency Amount”), and interest shall accrue on any such Series 20132014-B A Deficiency Amount at the applicable Series 20132014-B A Note Rate.