Common use of Payment of Monthly Interest Payment Clause in Contracts

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 2003-2 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute to the Series 2003-2 Investor Noteholders, from the Series 2003-2 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 2003-2 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).

Appears in 3 contracts

Samples: Indenture Supplement (Chesapeake Funding LLC), Indenture Supplement (Cendant Corp), Indenture Supplement (Chesapeake Funding LLC)

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Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032001-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute pay to the Series 20032001-2 1 Investor Noteholders, from the Series 20032001-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 20032001-2 1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).

Appears in 2 contracts

Samples: Indenture Supplement (Greyhound Funding LLC), Indenture Supplement (Greyhound Funding LLC)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032009-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute to the Series 2003-2 Investor Noteholders, from the Series 20032009-2 1 Distribution Account the Monthly Interest Payment pro rata to each Series 2009-1 Investor Noteholder, to the extent of the amount deposited in the Series 20032009-2 1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v)5A.4(c)(iv) on the immediately preceding Settlement Date.

Appears in 1 contract

Samples: Indenture Supplement (PHH Corp)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032004-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base ------------ Indenture, distribute to the Series 20032004-2 1 Investor Noteholders, from the Series 20032004-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 20032004-2 1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).. -------------------

Appears in 1 contract

Samples: Indenture Supplement (PHH Corp)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032011-2 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute to the Series 2003-2 Investor Noteholders, from the Series 20032011-2 Distribution Account the Monthly Interest Payment in the following order of priority to the extent of the amount deposited in the Series 20032011-2 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).5A.4(c)(iv) on such Payment Date:

Appears in 1 contract

Samples: Indenture Supplement (PHH Corp)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20031999-2 Investor Notes, the Indenture Trustee shall, in accordance with Section SECTION 6.1 of the Base Indenture, distribute pay to the Series 20031999-2 Investor Noteholders, from the Series 20031999-2 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 20031999-2 Distribution Account for the payment of interest pursuant to Section SECTION 5A.4(c)(v).

Appears in 1 contract

Samples: Indenture Supplement (Greyhound Funding LLC)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032009-2 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute to the Series 2003-2 Investor Noteholders, from the Series 20032009-2 Distribution Account the Monthly Interest Payment in the following order of priority to the extent of the amount deposited in the Series 20032009-2 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).5A.4(c)(iv) on the immediately preceding Settlement Date:

Appears in 1 contract

Samples: Indenture Supplement (PHH Corp)

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Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 2003-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute to the Series 2003-2 1 Investor Noteholders, from the Series 2003-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 2003-2 1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).

Appears in 1 contract

Samples: Indenture Supplement (Peterson D L Trust)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032002-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section SECTION 6.1 of the Base Indenture, distribute pay to the Series 20032002-2 1 Investor Noteholders, from the Series 20032002-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 20032002-2 1 Distribution Account for the payment of interest pursuant to Section SECTION 5A.4(c)(v).

Appears in 1 contract

Samples: Indenture Supplement (Chesapeake Funding LLC)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 20032002-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute pay to the Series 20032002-2 1 Investor Noteholders, from the Series 20032002-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 20032002-2 1 Distribution Account for the payment of interest pursuant to Section 5A.4(c)(v).

Appears in 1 contract

Samples: Indenture Supplement (Chesapeake Funding LLC)

Payment of Monthly Interest Payment. On each Payment Date, based solely on the information contained in the Monthly Settlement Statement with respect to the Series 2003-2 1 Investor Notes, the Indenture Trustee shall, in accordance with Section SECTION 6.1 of the Base Indenture, distribute to the Series 2003-2 1 Investor Noteholders, from the Series 2003-2 1 Distribution Account the Monthly Interest Payment to the extent of the amount deposited in the Series 2003-2 1 Distribution Account for the payment of interest pursuant to Section SECTION 5A.4(c)(v).

Appears in 1 contract

Samples: Indenture Supplement (Chesapeake Funding LLC)

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