Payment of Principal and Interest and Other Amounts Sample Clauses

Payment of Principal and Interest and Other Amounts. The Issuer will duly and punctually pay the principal of and interest, if any, on, and any other amount owing in respect of, the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed all amounts on deposit in the Deposit Account (including any subaccount thereof) and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2a Notes, to the Class A-2a Noteholders, (iii) for the benefit of the Class A-2b Notes, to the Class A-2b Noteholders, (iv) for the benefit of the Class A-3a Notes, to the Class A-3a Noteholders, (v) for the benefit of the Class A-3b Notes, to the Class A-3b Noteholders, (vi) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders, (vii) for the benefit of the Class B Notes, to the Class B Noteholders, (viii) for the benefit of the Class C Notes, to the Class C Noteholders and (ix) for the benefit of the Class D Notes, to the Class D Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal or any other amount shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Payment of Principal and Interest and Other Amounts. Principal and Interest Rights Preserved
Sample 1Sample 2Sample 3
Payment of Principal and Interest and Other Amounts. The Borrower shall pay the unpaid principal of all Revolving Credit Loans on the Revolving Credit Maturity Date and of the Term Loan on the Term Loan Maturity Date. Interest on the Revolving Credit Loans shall be due and payable, in arrears, on each Revolving Credit Interest Payment Date and also on the Revolving Credit Maturity Date. Interest on the Term Loan shall be due and payable, in arrears, on each Term Loan Interest Payment Date and also on the Term Loan Maturity Date. (The Lender in its sole and absolute discretion may make a Revolving Credit Loan to cover an interest payment due on a Revolving Credit Interest Payment Date and/or on a Term Loan Interest Payment Date; provided, that it is understood and agreed that the Lender shall have no obligation to do so). Payments of the Reimbursement Obligations shall be made as set forth in Sections 1.14 and 1.16 below. All payments of principal, interest, Reimbursement Obligations and other amounts due hereunder or under any of the Notes shall be made without any deductions whatsoever, including, but not limited to, any deduction for any set-off, recoupment, or counterclaim. All payments shall be made in United States Dollars and immediately available funds. Unless the Lender otherwise agrees (and subject to Section 1.8 below), all payments shall first be applied to fees, costs and expenses which the Borrower is obligated to pay under the Financing Documents, then to accrued and unpaid interest and then to unpaid principal and Reimbursement Obligations (nothing contained herein shall limit the rights of the Lender under Section 7.4). If any payment hereunder or under any of the Notes or other Financing Documents shall be specified to be made upon a day which is not a Business Day, it shall (subject to the provisions regarding Business Days in the definition of Interest Period) be made on the next succeeding day which is a Business Day and such extension of time shall in such case, to the extent applicable, be included in computing any interest in connection with such payment. The records of the Lender shall be prima facie evidence of the making of any Loans, any accrued interest thereon, any drawings on any Letters of Credit, the amount of Loans bearing interest at the Prime Rate or with reference to the Libor Rate, and all principal and interest payments made in respect thereof including with respect to Reimbursement Obligations; provided, that no failure of the Lender to timely record any transaction, or...
Sample 1
Payment of Principal and Interest and Other Amounts. COLT shall duly and punctually pay the principal of and interest on the COLT 200_-_ Secured Notes and the CARAT Collection Account Shortfall Amount in accordance with the terms of the COLT 200_-_ Basic Documents. On each Payment Date and on the Redemption Date (if applicable), COLT shall cause amounts on deposit in the COLT Collection Account to be paid to the COLT 200_-_ Secured Noteholders in accordance with Sections 2.5 and 8.2 and with Section 3.03 of the COLT Servicing Agreement, less amounts properly withheld under the Code by any Person from a payment to any COLT 200_-_ Secured Noteholder of interest and/or principal. Any amounts so withheld shall be considered as having been paid by COLT to such COLT 200_-_ Secured Noteholder for all purposes of this COLT Indenture.
Sample 1
Payment of Principal and Interest and Other Amounts. COLT shall duly and punctually pay the principal of and interest on the COLT 200 - Secured Notes, in accordance with the terms of the COLT 200 - Basic Documents. On each Payment Date and on the Redemption Date (if applicable), COLT shall cause amounts on deposit in the COLT Collection Account to be paid to the COLT 200 - Secured Noteholders in accordance with Sections 2.6 and 8.2 and with Section 3.03 of the COLT Servicing Agreement, less amounts properly withheld under the Code by any Person from a payment to any COLT 200 - Secured Noteholder of interest and/or principal. Any amounts so withheld shall be considered as having been paid by COLT to such COLT 200 - Secured Noteholder for all purposes of this COLT Indenture.
Sample 1
Payment of Principal and Interest and Other Amounts. The Issuer will duly and punctually pay the principal of and interest on the Notes in accordance with the terms of the Notes and this Indenture, and pay promptly to the Trustee for deposit in the Revenue Account any monies due or to become due under the Service Purchasers Consent or under any other Contract constituting part of the Collateral that it receives from any Person other than the Trustee. An installment of interest or principal shall be considered paid on the date it is due if the Trustee holds on that date money designated for and sufficient to pay the installment.
Sample 1

Related to Payment of Principal and Interest and Other Amounts

  • Payment of Principal, Interest and Other Amounts The Trust will duly and punctually pay the principal of and interest, Additional Interest Amounts and Make-Whole Payments, if any, on the Notes according to the terms of the Notes and this Indenture. Amounts withheld under the Code or State or local tax law by any Person from a payment to a Noteholder will be considered as having been paid by the Trust to the Noteholder.

  • Repayment of Principal and Interest (a) The entire outstanding principal balance of the Loans shall be due and payable by no later than 5:00 p.m. (Eastern time) on the Business Day on which the Loan is due, together with all remaining accrued and unpaid interest thereon, unless an extension of no more than three additional days is authorized by the Lending Company.

  • Payment of Principal and Interest The Company covenants and agrees that it will cause to be paid the principal (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) of, and accrued and unpaid interest on, each of the Notes at the places, at the respective times and in the manner provided herein and in the Notes.

  • Payments of Principal and Interest (a) Payments on Notes issued as Book-Entry Notes will be made by or on behalf of the Indenture Trustee to the Clearing Agency or its nominee. Any installment of interest or principal payable on any Definitive Notes that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the Record Date for such Payment Date by either (i) check mailed to such Person's address as it appears in the Note Register on such Record Date, or (ii) by wire transfer of immediately available funds to the account of a Noteholder, if such Noteholder (A) is the registered holder of Definitive Notes having an initial principal amount of at least $1,000,000 and (B) has provided the Indenture Trustee with wiring instructions in writing by five Business Days prior to the related Record Date or has provided the Indenture Trustee with such instructions for any previous Payment Date, except for the final installment of principal payable with respect to such Note (or the Redemption Price for any Note called for redemption, if such redemption will result in payment of the then entire unpaid principal amount of such Note), which shall be payable as provided in subsection (b) below of this Section 2.08. A fee may be charged by the Indenture Trustee to a Noteholder of Definitive Notes for any payment made by wire transfer. Any installment of interest or principal not punctually paid or duly provided for shall be payable as soon as funds are available to the Indenture Trustee for payment thereof, or if Section 5.07 applies, pursuant to Section 5.07.

  • Interest and other amounts Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid and, subject to any Break Costs, without premium or penalty.

  • Payments of Principal and Interest Prepayments Fees Section 3.01 Repayment of Loans 35 Section 3.02 Interest 35 Section 3.03 Alternate Rate of Interest 36 Section 3.04 Prepayments 37 Section 3.05 Fees 38 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS

  • Payment of Principal and Interest; Defaulted Interest (a) Each Class of Notes shall accrue interest at the related Interest Rate, and such interest shall be due and payable on each Payment Date as specified therein, subject to Sections 3.01 and 11.12 hereof. Any installment of interest or principal, if any, payable on any Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date by check mailed first-class postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that, unless Definitive Notes have been issued pursuant to Section 2.11, with respect to Notes registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payment will be made by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date, a Redemption Date or on the related Final Scheduled Payment Date, as the case may be (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.01), which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.03.

  • Interest and Interest Rate (a) The Designated Securities will bear interest from April [•], 2010 or from the most recent date through which the Issuer has paid or provided for interest on the Designated Securities at an annual rate of 3.729%.

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.

  • Principal and Interest This Note will bear interest in the same manner as set forth in Section 3(a) above, and payments of principal and interest shall be made as set forth on the face hereof. Discount Notes may not bear any interest currently or may bear interest at a rate that is below market rates at the time of issuance. The difference between the Issue Price of a Discount Note and par is referred to as the “Discount”.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!