Common use of Payment of Principal and Interest Clause in Contracts

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreement, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing foregoing, subject to Section 8.02(c), the Issuer and in accordance with the terms set forth in Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 5.09(a) 7.05 of the Sale and Servicing Agreement, the Issuer will and cause to be distributed to the Noteholders all such amounts on deposit in the Note Distribution Account on each a Distribution Date as deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders and (iii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C NotesNoteholders, to the Class C Noteholdersin each case as further specified herein. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders, and (iv) the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (iv) the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will cause to be distributed to the Noteholders on each Payment Date all amounts on deposit deposited in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code or any applicable State law by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), on each Payment Date, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement into the Note Distribution Account (ia) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (iib) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iiic) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (d) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution a Payment Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A-l Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to Class A-3 Noteholders and (iv) for the benefit of the Class C A-4 Notes, to Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, on each Payment Date, the Issuer will cause to be distributed all amounts deposited pursuant to the Noteholders all amounts on deposit in Sale and Servicing Agreement into the Note Distribution Account on each Distribution Date deposited therein pursuant to in accordance with the priorities and amounts set forth herein and in the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account in respect of the related Due Period on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (iv) the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution a Payment Date deposited therein pursuant to Section 2.7 hereof and the Sale and Servicing Agreement Series Supplement (i) for the benefit of the Class A Notes, to the holders of the Class A NoteholdersNotes, (ii) for the benefit of the Class B Notes, to the holders of the Class B Noteholders and Notes, (iii) for the benefit of the Class C Notes, to the holders of the Class C NoteholdersNotes, and (iv) to the extent so specified, to the Certificateholder. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes in accordance with the terms of the Notes Notes, the Sale and Servicing Agreement and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will cause to be distributed to the Noteholders on each Payment Date all amounts on deposit deposited in the Note Collection Account and the Principal Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit of the Class B Notes, to the Class B Noteholders and Noteholders, (iii) for the benefit of the Class C Notes, the Class C Noteholders and (iv) for the benefit of the Class D Notes, to the Class C D Noteholders. Amounts properly withheld under the Code or any applicable State law by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly --------------------------------- and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant by the Trust with respect to the Sale and Servicing Agreement CRB Securities (i) for the benefit of the [Class A [A]] Notes, to the [Class A Noteholders, [A]] Noteholders and (ii) for the benefit of the [Class B [B]] Notes, to the [Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C [B]] Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.2(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the holders of the Class A NoteholdersA-1 Notes, (ii) for the benefit of the Class B A-2 Notes, to the holders of the Class B Noteholders and A-2 Notes, (iii) for the benefit of the Class C A-3 Notes, to the holders of the Class C NoteholdersA-3 Notes and (iv) for the benefit of the Class A-4 Notes, to the holders of the Class A-4 Notes. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will shall duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will shall distribute (or cause to be distributed to distributed) the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant Payment Date, as and to the extent provided in Sections 4.6 and 4.7 of the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, and (ii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholders. Amounts properly withheld under the Code or any applicable State law by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), on each Payment Date, the Issuer will cause to be distributed to the Noteholders all amounts on deposit deposited in the Note Distribution Collection Account on each Distribution which represent Available Amounts for such Payment Date deposited therein pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (iib) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iiic) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (d) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay or cause to be paid the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class B A-2 Notes, to the Class B Noteholders and A-2 Noteholders, (iii) for the benefit of the Class C A-3 Notes, to the Class C A-3 Noteholders and (iv) the Class A-4 Notes, to the Class A-4 Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in foregoing, subject to Section 5.09(a) of the Sale and Servicing Agreement8.02(c), the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each a Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A-1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders and (iii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the 23133277.4 terms set forth in Section 5.09(a) of the Sale and Servicing Agreement, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes in accordance with the terms of the Notes Notes, the Sale and Servicing Agreement and this Indenture. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreementforegoing, the Issuer will cause to be distributed to the Noteholders on each Payment Date all amounts on deposit deposited in the Note Collection Account and the Principal Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit of the Class B Notes, to the Class B Noteholders and Noteholders, (iii) for the benefit of the Class C Notes, to the Class C Noteholders, (iv) for the benefit of the Class D Notes, to the Class D Noteholders and (v) for the benefit of the Class E Notes, to the Class E Noteholders. Amounts properly withheld under the Code or any applicable State law by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreement, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit 28307633.2 of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing foregoing, subject to Section 8.02(c), the Issuer and in accordance with the terms set forth in Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 5.09(a) 7.05 of the Sale and Servicing Agreement, the Issuer will and cause to be distributed to the Noteholders all such amounts on deposit in the Note Distribution Account on each a Distribution Date as deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A A–1 Notes, to the Class A A-1 Noteholders, (ii) for the benefit of the Class A–2 Notes, to the Class A–2 Noteholders and (iii) for the benefit of the Class B Notes, to the Class B Noteholders and (iii) for the benefit of the Class C NotesNoteholders, to the Class C Noteholdersin each case as further specified herein. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. 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. Without limiting the foregoing and in accordance with the terms set forth in Section 5.09(a) of the Sale and Servicing Agreement, the Issuer will cause to be distributed to the Noteholders all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A Noteholders, (ii) for the benefit of the Class B Notes, to the Class B Noteholders and Noteholders, (iii) for the benefit of the Class C Notes, to the Class C Noteholders and (iv) 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 shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment of Principal and Interest. The Issuer will duly and punctually pay (i) the principal of and interest and, with respect to the Class A-2A Notes, the Class A-2A Commitment Fee on the Notes in accordance with the terms of such Notes, this Indenture and the Notes Transfer and this Indenture. Without limiting Servicing Agreement and (ii) all amounts payable under the foregoing and Swaps in accordance with the terms set forth in Section 5.09(a) of thereof, this Indenture and the Sale Transfer and Servicing Agreement, the . The Issuer will cause to be distributed to the Noteholders on a Payment Date all amounts on deposit in the Note Distribution Account on each Distribution Date deposited therein pursuant to the Sale Transfer and Servicing Agreement (i) for the benefit of the Class A Notes, to the Class A applicable Noteholders, (ii) and for the benefit of the Class B NotesSwaps, to the Class B Noteholders and (iii) for the benefit of the Class C Notes, to the Class C Noteholdersapplicable Swap Counterparties. Amounts properly withheld under the Code or any applicable state law by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.