Common use of Payment of Principal and Interest and Other Amounts Clause in Contracts

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.

Appears in 2 contracts

Samples: Indenture (DaimlerChrysler Auto Trust 2007-A), Daimlerchrysler Auto Trust 2008-A

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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 A-2 Notes, to the Class A-2a A-2 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, Noteholders and (viiiiv) 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.

Appears in 1 contract

Samples: Indenture (Chrysler Financial Auto Securitization Trust 2009-B)

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 A-4a Notes, to the Class A-4 A-4a Noteholders, (vii) for the benefit of the Class A-4b Notes, to the Class A-4b Noteholders, (viii) for the benefit of the Class B Notes, to the Class B Noteholders, (viiiix) for the benefit of the Class C Notes, to the Class C Noteholders and (ixx) 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.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Auto Trust 2008-B)

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 A-2 Notes, to the Class A-2a A-2 Noteholders, (iii) for the benefit of the Class A-2b A-3 Notes, to the Class A-2b A-3 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, (viiiv) for the benefit of the Class C Notes, to the Class C Noteholders and Noteholders, (ixvi) for the benefit of the Class D Notes, to the Class D Noteholders and (vii) for the benefit of the Class E Notes, to the Class E 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.

Appears in 1 contract

Samples: Indenture (Chrysler Financial Auto Securitization Trust 2010-A)

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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 A-2 Notes, to the Class A-2a A-2 Noteholders, (iii) for the benefit of the Class A-2b A-3 Notes, to the Class A-2b Noteholders, A-3 Noteholders and (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.

Appears in 1 contract

Samples: Indenture (Chrysler Financial Auto Securitization Trust 2009-A)

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