Common use of Payment of Note Principal Clause in Contracts

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. In addition to any Decreases effected pursuant to Section 2.3, on each Series 20102013-3 G1 Deposit Date, the Series 20102013-3 G1 Administrator will direct the Trustee in writing to withdraw, and the Trustee shall withdraw in accordance with such written directions, all amounts on deposit in the Series 20102013-3 G1 Collection Account that consist of Series 20102013-3 G1 Principal Collections and pay such amounts to the Series 20102013-3 G1 Noteholder as a payment of principal of the Series 20102013-3 G1 Note. The entire principal amount of the Series 20102013-3 G1 Note shall be due and payable on the Legal Final Payment Date.

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 WEIL:\95390898\1\99910.6247 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.