Payment of Note Principal. (a) Monthly Payments During Series 2015-3 Controlled Amortization Period or Series 2015-3
Payment of Note Principal. In addition to any Decreases effected pursuant to Section 2.3, on each Series 2010-3 Deposit Date, the Series 2010-3 Administrator will direct the Trustee to withdraw all amounts on deposit in the Series 2010-3 Collection Account that consist of Series 2010-3 Principal Collections and pay such amounts to the Series 2010-3 Noteholder as a payment of principal of the Series 2010-3 Note. The entire principal amount of the Series 2010-3 Note shall be due and payable on the Legal Final Payment Date.
Payment of Note Principal. (a) Monthly Payments During Series 2009-1 Controlled Amortization Period or Series 2009-1 Rapid Amortization Period. Commencing on the earlier to occur of (i) the Determination Date immediately preceding the first Series 2009-1 Controlled Amortization Payment Date, or (ii) the first Determination Date after the commencement of the Series 2009-1 Rapid Amortization Period and on each Determination Date thereafter, the Administrator shall instruct the Trustee in writing pursuant to the Administration Agreement as to (v) the amount allocated to the Series 2009-1 Notes pursuant to Section 3.2(b)(ii) or 3.2(c)(ii) of this Series Supplement, as the case may be, and any amounts allocated from the Series 2009-1 Excess Collection Account to the Series 2009-1 Collection Account pursuant to Section 3.2(f) of this Series Supplement and/or allocated to the Series 2009-1 Collection Account pursuant to Section 3.2(e) or Section 3.3(f) of this Series Supplement, in each case, prior to such date and not previously deposited into the Series 2009-1 Distribution Account for payment to the Series 2009-1 Noteholders and the amount of the portion of the Monthly Base Rent under the HVF Lease that will be allocated to the Series 2009-1 Notes pursuant to Section 3.2(b)(ii) or 3.2(c)(ii) of this Series Supplement, as the case may be, (w) any amounts to be withdrawn from the Series 2009-1 Reserve Account and deposited into the Series 2009-1 Distribution Account, (x) any amounts to be drawn on the Series 2009-1 Letters of Credit (and/or withdrawn from the Series 2009-1 Cash Collateral Account) and (y) the amount of any demand to be made under the Series 2009-1 Demand Note. On each Series 2009-1 Controlled Amortization Payment Date and the Expected Final Payment Date, the Trustee shall withdraw such amounts from the Series 2009-1 Collection Account allocated to pay principal of the Series 2009-1 Notes during the related Series 2009-1 Controlled Amortization Payment Period and deposit such amount together with the proceeds of any demand made on the Series 2009-1 Demand Note received during the period from but excluding the immediately preceding Payment Date to and including such Payment Date into the Series 2009-1 Distribution Account, which amount and any other amounts deposited in the Series 2009-1 Distribution Account for the payment of principal of such Series 2009-1 Notes pursuant to Section 3.5(b) of this Series Supplement during the related Series 2009-1 Controlled Amortization Pa...
Payment of Note Principal. The Agent will pay the ------------------------- principal amount of each Note at maturity, together with accrued interest due at maturity (unless the maturity date is an Interest Payment Date), if any, only upon presentation and surrender of such Note on or after the maturity date thereof. The Agent will forthwith cancel and destroy each such Note. If the maturity date is an Interest Payment Date, interest will be paid in the usual manner.
Payment of Note Principal. (a) Monthly Payments During Series 2010-1
Payment of Note Principal. The Issuing Agent will pay to the Registered Holder in immediately available funds the principal amount of each Note on the redemption date, if any, or at maturity, together with accrued interest, if any, and premium, if any, due upon redemption or at maturity, only upon presentation and surrender of such Note on or after the redemption date or maturity date thereof, as the case may be, at the offices of the Issuing Agent located at the address listed in Section 23(b)(ii) hereof, or at such other address of the Issuing Agent or the office or agency of such other paying agent as the Issuer shall designate in the Borough of Manhattan, New York City, in writing to the Registered Holder of such Note. The Issuing Agent will forthwith cancel each such Note and promptly forward same in due course to the Issuer.
Payment of Note Principal. (a) MONTHLY PAYMENTS DURING CONTROLLED AMORTIZATION PERIOD OR RAPID AMORTIZATION PERIOD. Commencing on the second Determination Date during the Series 2000-3 Controlled Amortization Period, or the first Determination Date after the commencement of the Series 2000-3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 2.5 as to (i) the amount allocated to the Series 2000-3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, of this Supplement, (ii) any amounts to be withdrawn from the Series 2000-3 Reserve Account or the Series 2000-3 Cash Collateral Account and deposited into the Series 2000-3 Distribution Account, (iii) any amounts to be drawn on the Series 2000-3 Letters of Credit and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2000-3 Notes during the Related Month pursuant to Section 2.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, of this Supplement from the Series 2000-3 Collection Account and deposit such amount in the Series 2000-3 Distribution Account, to be paid to the holders of the Series 2000-3 Notes. The entire principal amount of all Outstanding Series 2000-3 Notes shall be due and payable on the Series 2000-3 Final Distribution Date.
Payment of Note Principal. (a) MONTHLY PAYMENTS DURING SERIES 2002-2 AMORTIZATION PERIOD. Commencing on the first Determination Date after the commencement of the Series 2002-2 Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2002-2 Notes during the Related Month pursuant to Section 3.2(b)(ii) or (c)(ii), as the case may be, (ii) any amounts to be withdrawn from the Series 2002-2 Reserve Account and deposited into the Series 2002-2 Distribution Account or (iii) any amounts to be drawn on the Series 2002-2 Demand Notes and/or on the Series 2002-2 Letters of Credit (or withdrawn from the Series 2002-2 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2002-2 Notes during the Related Month pursuant to Section 3.2(b)(ii) or (c)(ii), as the case may be, from the Series 2002-2 Collection Account and deposit such amount in the Series 2002-2 Distribution Account, to be paid to the holders of the Series 2002-2 Notes. -45-
Payment of Note Principal. (a) MANDATORY REDEMPTIONS DURING SERIES 2001-2 RAPID AMORTIZATION PERIOD. Commencing on the first Determination Date following the commencement of the Series 2001-2 Rapid Amortization Period (such date, the "INITIAL RAPID PRINCIPAL DETERMINATION DATE"), and on each subsequent Determination Date thereafter, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2001-2 Notes of each Class during the Related Month pursuant to Section 3.2(c)(ii) or (d)(ii) of this Supplement, as the case may be, (ii) any amounts to be withdrawn from the Series 2001-2 Reserve Account or the Series 2001-1 Cash Collateral Account and deposited into the Series 2001-2 Distribution Account, (iii) any amounts to be drawn on the Series 2001-2 Letters of Credit and (iv) the amount of any demand on the Surety Bond in accordance with the terms thereof. On the first Principal Distribution Date with respect to the Series 2001-2 Notes of each Class occurring on or after the First Potential Series 2001-2 Redemption Date, commencing with the First Potential Series 2001-2 Redemption Date occurring in the month in which the Initial Rapid Principal Determination Date occurs, the Trustee shall withdraw the amount allocated to the Series 2001-2 Notes of such Class during the Series 2001-2 Related Month with respect to such Principal Distribution Date pursuant to Section 3.2(c)(ii) or (d)(ii) of this Supplement, as the case may be, from the Series 2001-2 Collection Account and deposit such amount in the Series 2001-2 Distribution Account, to be applied to redeem Series 2001-2 Notes of such Class in accordance with Section 7.2 of this Supplement. The entire principal amount of all outstanding Class A-1 Notes shall be due and payable on the Class A-1 Final Distribution Date. The entire principal amount of all outstanding Class A-2 Notes shall be due and payable on the Class A-2 Final Distribution Date. The entire principal amount of all outstanding Class A-3 Notes shall be due and payable on the Class A-3 Final Distribution Date. The entire principal amount of all outstanding Class A-4 Notes shall be due and payable on the Class A-4 Final Distribution Date.
(a) FINAL DISTRIBUTION DATE. If the amount to be deposited in the Series 2001-2 Distribution Account in accordance with SECTION 3.5 above with respect to the Series 2001-2 Final Distribution Date is le...
Payment of Note Principal. (a) The principal amount of the Series 2007-1 Notes shall be due and payable on the Series 2007-1 Legal Final Maturity Date.
(b) On each Payment Date, based solely on the information contained in the Monthly Noteholders’ Statement as of the preceding Determination Date with respect to Series 2007-1 Notes, the Trustee shall, in accordance with Section 6.1 of the Base Indenture, distribute, pro rata to each Series 2007-1 Noteholder from the Payment Account the amount, if any, deposited therein pursuant to Section 2.2(e), Section 2.4(e), Section 2.8(c), Section 2.8(d), clause (2) of paragraph (xi) of Section 2.10 and Section 5.1 in order to pay the Aggregate Note Balance.
(c) The Trustee shall notify the Person in whose name a Series 2007-1 Note is registered at the close of business on the Series 2007-1 Record Date preceding the Payment Date on which the Issuers expect that the final installment of principal of and interest on such Series 2007-1 Note will be paid. Such notice shall be made at the expense of the Administrator and shall be mailed within three (3) Business Days of receipt of a Monthly Noteholders’ Statement with respect to the Series 2007-1 Notes indicating that such final payment will be made and shall specify that such final installment will be payable only upon presentation and surrender of such Series 2007-1 Note and shall specify the place where such Series 2007-1 Note may be presented and surrendered for payment of such installment. Notices in connection with prepayments in full of Series 2007-1 Notes shall be (i) transmitted by facsimile to Series 2007-1 Noteholders holding Global Notes and (ii) sent by registered mail to Series 2007-1 Noteholders holding Definitive Notes and shall specify that such final installment will be payable only upon presentation and surrender of such Series 2007-1 Note and shall specify the place where such Series 2007-1 Note may be presented and surrendered for payment of such installment.
