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 96 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-D), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2024-C)

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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 78 contracts

Samples: Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-B), Indenture (Mercedes-Benz Auto Lease Trust 2024-A)

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 on the Notes according to in accordance with 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 Issuer to the Noteholder.

Appears in 14 contracts

Samples: Indenture (Ikon Receivables LLC), Indenture (Ikon Receivables LLC), Indenture (Charter Equipment Lease 1998-1 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 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 (Wachovia Auto Loan Owner Trust 2007-1), Indenture (WDS Receivables LLC), Indenture (Wachovia Auto Owner Trust 2008-A)

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 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: Indenture (Household Auto Receivables Corp), Indenture (Household Auto Receivables Corp), Indenture (Household Automobile Revolving Trust I)

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: Supplemental Indenture (CM Finance Inc), Indenture (CM Finance Inc), Indenture (CM Finance Inc)

Payment of Principal and Interest. The Issuer will shall duly and punctually pay the principal of and interest on the Notes according Notes, subject to and in accordance with 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 Issuer to the Noteholder.

Appears in 5 contracts

Samples: Indenture (Iconix Brand Group, Inc.), Indenture (Iconix Brand Group, Inc.), Indenture (Iconix Brand Group, 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 8.02(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: Indenture (Harley-Davidson Motorcycle Trust 2021-A), Indenture (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 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 Issuer to the Noteholder.

Appears in 3 contracts

Samples: Indenture (Provident Lease Receivables Corp), Indenture (Provident Lease Receivables Corp), Indenture (Provident Lease Receivables Corp)

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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 Issuers will pay or cause to be duly and punctually pay paid the principal of and interest 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 Issuers to the Noteholdersuch Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Unicapital Corp), Indenture (HPSC Inc), Indenture (HPSC Inc)

Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest and any other amounts due on the Notes according to in accordance with 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 Issuer to the Noteholder.

Appears in 2 contracts

Samples: Indenture (Converium Holding Ag), Indenture (Converium Holding Ag)

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 on the Notes according to in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, the Issuer will cause to be paid on each Payment Date all amounts deposited in the Collection Account pursuant to Section 4.07(a) hereof. 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 1 contract

Samples: Indenture (Prudential Securities Secured Financing 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 IndentureAgreement. 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 Agreement.

Appears in 1 contract

Samples: Trust Agreement (LTV 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: Indenture (Cef Equipment Holding LLC)

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