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 according to 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 Issuer to the Noteholder.

Appears in 92 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Lease Trust 2024-B), Indenture (Ford Credit Auto Owner Trust 2024-B)

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Payment of Principal and Interest. The Issuer will shall duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest and/or principal shall be considered as having been paid by the Issuer to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 82 contracts

Samples: Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC), Indenture (Carmax Auto Funding LLC)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest and/or principal shall be considered as having been paid by the Issuer to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 76 contracts

Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Mercedes-Benz Auto Lease Trust 2024-A), Indenture (Daimler Trucks Retail Trust 2024-1)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the Notes and this Indenture. Amounts withheld under the Code or any State or local tax law by any Person from a payment to a any Noteholder will be considered as having been paid by the Issuer to the such Noteholder.

Appears in 54 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2014-A), Indenture (Ford Credit Auto Lease Trust 2014-A), Indenture (Ford Credit Auto Owner Trust 2014-A)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest or principal shall be considered as having been paid by the Issuer to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 11 contracts

Samples: Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Loan Owner Trust 2007-1), Indenture (Wachovia Auto Owner Trust 2008-A)

Payment of Principal and Interest. The Note Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the terms of the Notes and this Note Indenture. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest or principal shall be considered as having been paid by the Note Issuer to the Noteholdersuch Noteholder for all purposes of this Note Indenture.

Appears in 10 contracts

Samples: Note Indenture (CEC Funding, LLC), Note Indenture (CEC Funding, LLC), Note Indenture (BEC Funding II, LLC)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the Notes and this Indenture. Amounts withheld under the Code or State any State, local or local foreign tax law by any Person from a payment to a any Noteholder will be considered as having been paid by the Issuer to the Noteholder.

Appears in 8 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-B), Indenture (Ford Credit Auto Owner Trust 2015-A)

Payment of Principal and Interest. The Issuer will duly and punctually pay or cause to be paid the principal of and interest on the Notes according to in accordance with the Notes terms of the Notes, this Indenture and this Indenturethe Series Supplement. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest and/or principal shall be considered as having been paid by the Issuer to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 7 contracts

Samples: Indenture (HSBC Automotive Trust (USA) 2007-1), Indenture (HSBC Automotive Trust (USA) 2006-1), Indenture (Household Auto Receivables Corp)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the Notes and this Indenture. Amounts withheld under the Code or any State or local tax law by any Person from a payment to a any Noteholder will be considered as having been paid by the Issuer to the Noteholder.

Appears in 7 contracts

Samples: Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-A)

Payment of Principal and Interest. The Issuer will duly and punctually pay or cause to be paid the principal of and interest on the Notes according to in accordance with the Notes terms of the Notes, this Indenture and this Indenturethe related Series Supplement. Amounts properly withheld under the Code or State or local tax law by any Person from a payment to a any Noteholder will of interest and/or principal shall be considered as having been paid by the Issuer to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 7 contracts

Samples: Servicing Agreement (Household Auto Receivables Corp), Indenture (Household Auto Receivables Corp), Indenture (Household Automotive Trust Iv Series 2000-1)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according Notes, in accordance with the terms of such Notes, the Revolving Credit Note Agreement and this Indenture pursuant to the Notes and this IndenturePriority of Payments. Amounts properly withheld under the Code or State other applicable law or local tax law pursuant to the Issuer’s agreement with a governmental authority by any Person from a payment to under a Noteholder will Note shall be considered as having been paid by the Issuer to the Noteholderrelevant Holder for all purposes of this Indenture.

Appears in 6 contracts

Samples: Sixth Supplemental Indenture (CM Finance Inc), Indenture (CM Finance Inc), Fourth Amended And (CM Finance Inc)

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Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts withheld under Without limiting the Code or State or local tax law by any Person from a payment foregoing, subject to a Noteholder will be considered as having been paid by Section 8.02(c), the Issuer and the Indenture Trustee will cause to be deposited into the Noteholder.Note Distribution Account amounts allocated pursuant to

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2021-A), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2021-A), Indenture (Harley-Davidson Motorcycle Trust 2011-1)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the Notes and this Indenture. Amounts withheld under the Internal Revenue Code or any State or local tax law by any Person from a payment to a any Noteholder will be considered as having been paid by the Issuer to the such Noteholder.

Appears in 3 contracts

Samples: Indenture (Commercial Credit, Inc.), Indenture (Commercial Credit, Inc.), Indenture (Commercial Credit, Inc.)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts withheld under Without limiting the Code or State or local tax law by any Person from a payment foregoing, subject to a Noteholder will be considered as having been paid by Section 8.2(c), the Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account on a Payment Date deposited therein for the benefit of the Notes pursuant to the Noteholder.Sale and

Appears in 1 contract

Samples: Indenture (Case Receivables Ii Inc)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to Notes, in accordance with the terms of such Notes and this IndentureIndenture pursuant to the Priority of Payments, Article 9 (if applicable) and Article 13. Amounts properly withheld under the Code or State other applicable law or local tax law pursuant to the Issuer’s agreement with a Governmental Authority by any Person from a payment to under a Noteholder will Note shall be considered as having been paid by the Issuer to the Noteholderrelevant Holder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (CION Investment Corp)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest interest, if any, on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts withheld under Indenture and shall not withdraw funds from the Code or State or local tax law by any Person from a payment to a Noteholder will be considered Note Distribution Account except as having been paid by the Issuer to the Noteholderset forth in Section 8.3(b).

Appears in 1 contract

Samples: Cef Equipment Holding LLC

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest on the Notes according to in accordance with the terms of the Notes and this Indenture. Amounts withheld under Without limiting 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 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 the Noteholder.be

Appears in 1 contract

Samples: Credit Acceptance Corp

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