Common use of Payment of Note Interest Clause in Contracts

Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 1998-1 Noteholders from the Series 1998-1 Distribution Account the amount deposited in the Series 1998-1 Distribution Account for the payment of interest pursuant to Section-2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 1998-1 Notes, first, amounts on deposit in the Series 1998-1 Collection Account, second, amounts on deposit in the Series 1998-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.

Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 19982000-1 3 Noteholders from the Series 19982000-1 3 Distribution Account the amount deposited in the Series 19982000-1 3 Distribution Account for the payment of interest pursuant to Section-2.3(aSection 2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 19982000-1 3 Notes, first, amounts on deposit in the Series 19982000-1 3 Collection Account, second, amounts on deposit in the Series 19982000-1 3 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.

Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 19981997-1 Noteholders from the Series 19981997-1 Distribution Account the amount deposited in the Series 19981997-1 Distribution Account for the payment of interest pursuant to Section-2.3(aSection 2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 19981997-1 Notes, first, amounts on deposit in the Series 19981997-1 Collection Account, second, amounts on deposit in the Series 19981997-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.

Payment of Note Interest. On each Distribution Date, subject to Section 9.8 of the Base Indenture, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay to the Series 19982001-1 Noteholders from the Series 19982001-1 Distribution Account the amount deposited in the Series 19982001-1 Distribution Account for the payment of interest pursuant to Section-2.3(aSection 2.3(a) of this Supplement and, to the extent necessary to pay interest on the Series 19982001-1 Notes, first, amounts on deposit in the Series 19982001-1 Collection Account, second, amounts on deposit in the Series 19982001-1 Reserve Account and third, proceeds of a demand on the Surety Bond made in accordance with the terms thereof.