Common use of Payment of Principal and Interest Clause in Contracts

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 26 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2018-B)

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Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c8.02(d), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vvi) for the benefit of the Class B Notes, to the Class B Noteholders and (vii) 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 23 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-C), Indenture (World Omni Auto Receivables Trust 2024-B)

Payment of Principal and Interest. (a) The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (ve) for the benefit of the Class B Notes, to the Class B Noteholders and (f) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 16 contracts

Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2021-B)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c8.02(d), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 13 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2022-C), Indenture (World Omni Auto Receivables Trust 2022-A), Indenture (World Omni Auto Receivables Trust 2022-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Registered Holders of the Class A-1 NoteholdersNotes, (ii) for the benefit of the Class A-2 Notes, to the Registered Holders of the Class A-2 NoteholdersNotes, (iii) for the benefit of the Class A-3 Notes, to the Registered Holders of the Class A-3 NoteholdersNotes, and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit Registered Holders of the Class B A-4 Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder Noteholder, as the case may be, for all purposes of this Indenture.

Appears in 12 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to in respect of the Noteholders related Collection Period on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) the Class C Notes, to the Class C Noteholders and (vii) 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 or principal shall be considered as having been paid by the Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 10 contracts

Samples: Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (vvi) for the benefit of the Class B Notes, to the Class 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 10 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2017-B), Indenture (World Omni Auto Receivables Trust 2015-B)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 8 contracts

Samples: Indenture (Daimlerchrysler Auto Trust 2004-C), Indenture (Daimlerchrysler Auto Trust 2004-B), Indenture (Daimlerchrysler Auto Trust 2004-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject on each Payment Date and on any applicable distribution date pursuant to and in accordance with Section 8.02(c)12.05, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in deposited pursuant to the Sale and Servicing Agreement or this Indenture, as applicable, into the Note Distribution Account in accordance with the priorities and allocated for distribution to the Noteholders on a Payment Date pursuant to amounts set forth herein and in 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, Noteholders and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 8 contracts

Samples: Indenture (BMW Vehicle Owner Trust 2020-A), Indenture Agreement (BMW Vehicle Owner Trust 2020-A), Indenture (BMW Vehicle Owner Trust 2019-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, and (vi) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 7 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2012-1), Indenture (Harley-Davidson Motorcycle Trust 2012-1), Indenture (Harley-Davidson Motorcycle Trust 2011-2)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (ve) for the benefit of the Class B Notes, to the Class B Noteholders, (f) for the benefit of the Class C Notes, to the Class C Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 7 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2015-A), Indenture (Hyundai Auto Receivables Trust 2014-B), Indenture (Hyundai Auto Receivables Trust 2014-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 6 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2005-A), Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2005-B)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Registered Holders of the Class A-1 NoteholdersNotes, (ii) for the benefit of the Class A-2 Notes, to the Registered Holders of the Class A-2 NoteholdersNotes, (iii) for the benefit of the Class A-3 Notes, to the Registered Holders of the Class A-3 NoteholdersNotes, and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit Registered Holders of the Class B A-4 Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 6 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2015-2), Indenture (Harley-Davidson Motorcycle Trust 2015-2), Indenture (Harley-Davidson Motorcycle Trust 2015-1)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 6 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables Trust 2019-B), Indenture (World Omni Auto Receivables Trust 2019-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders and (vii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Abs Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (Regions Auto Receivables Trust 2002-1), Indenture (Regions Auto Receivables Trust 2003-1), Indenture (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders Noteholders, and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2010-A), Indenture (World Omni Auto Receivables Trust 2010-A), Indenture (World Omni Auto Receivables Trust 2009-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Registered Holders of the Class A-1 NoteholdersNotes, (ii) for the benefit of the Class A-2 Notes, to the Registered Holders of the Class A-2 NoteholdersNotes, (iii) for the benefit of the Class A-3 Notes, to the Registered Holders of the Class A-3 NoteholdersNotes, (iv) for the benefit of the Class A-4 Notes, to the Registered Holders of the Class A-4 Noteholders Notes, and (v) for the benefit of the Class B Notes, to the Registered Holders of the Class B NoteholdersNotes. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2016-A), Indenture (Harley-Davidson Motorcycle Trust 2016-A), Indenture (Harley-Davidson Motorcycle Trust 2013-1)

Payment of Principal and Interest. The Issuing Entity will shall duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(cSections 8.5(a) and 8.5(b), the Issuing Entity will cause to be distributed all amounts on deposit deposited in the Note Principal Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement this Indenture (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders Noteholders, and (v) for the benefit of the Class B Notes, to the Class B 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 to have been paid by the Issuing Entity to such Noteholder for all purposes of this Indenture. The final interest payment on each Class of Notes is due on the earlier of (a) the Payment Date (including any Redemption Date), in each case, on which the principal amount of that Class of Notes is reduced to zero or (b) the applicable Final Scheduled Payment Date for that Class of Note.

Appears in 4 contracts

Samples: Indenture (World Omni LT), Indenture (World Omni LT), Indenture (World Omni Auto Leasing LLC)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, (vii) for the benefit of the Class D Notes, to the Class D Noteholders and (viii) 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 shall be considered as having been paid by the Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (World Omni Select Auto Trust 2024-A), Indenture (World Omni Select Auto Trust 2024-A), Indenture (World Omni Select Auto Trust 2023-A)

Payment of Principal and Interest. The Issuing Entity In accordance with the terms of this Indenture, the Issuer will duly and punctually (i) pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture(ii) cause the Servicer to direct the Indenture Trustee to release from the Collection Account all other amounts distributable or payable from the Owner Trust Estate under the Trust Agreement, the Sale and Servicing Agreement and the Administration Agreement. Without limiting the foregoing, subject to foregoing and in accordance with Section 8.02(c)order to fulfill such obligations, pursuant to Sections 8.02 and 8.03 hereof, the Issuing Entity Issuer will cause the Servicer to be distributed direct the Indenture Trustee to apply all amounts on deposit in the Note Distribution Collection Account, the Reserve Account and allocated for distribution to the Noteholders Yield Supplement Account on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) (a) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, and (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders Noteholders, and (vii) for the benefit of the Class B NotesCertificateholders, to or as directed by the Class B NoteholdersOwner Trustee or the Administrator, as set forth in Section 5.06, 5.07 and 5.08 of the Sale and Servicing Agreement. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (Nissan Auto Receivables 2002 B Owner Trust), Indenture (Nissan Auto Receivables 2002 C Owner Trust), Indenture (Nissan Auto Receivables 2004-a Owner Trust)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject on each Payment Date and on any applicable distribution date pursuant to and in accordance with Section 8.02(c)12.05, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in deposited pursuant to the Sale and Servicing Agreement or this Indenture, as applicable, into the Note Distribution Account in accordance with the priorities and allocated for distribution to the Noteholders on a Payment Date pursuant to amounts set forth herein and in 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, Noteholders and (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (BMW Vehicle Owner Trust 2018-A), Indenture (BMW Vehicle Owner Trust 2018-A), Indenture (BMW Vehicle Owner Trust 2016-A)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 B Notes, to the Class A-4 Noteholders and B Noteholders, (v) for the benefit of the Class B C Notes, to the Class B C Noteholders, (vi) 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 shall be considered as having been paid by the Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (World Omni Select Auto Trust 2021-A), Indenture (World Omni Select Auto Trust 2021-A), Indenture (World Omni Select Auto Trust 2020-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, Noteholders (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Vehicle Owner Trust 2005-A), Indenture (BMW Vehicle Owner Trust 2004-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (ve) for the benefit of the Class B Notes, to the Class B Noteholders, (f) for the benefit of the Class C Notes, to the Class C Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 4 contracts

Samples: Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Auto Receivables Trust 2006-B), Indenture (Hyundai Auto Receivables Trust 2006-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (ve) for the benefit of the Class B Notes, to the Class B Noteholders and (f) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2013-A), Indenture (Hyundai Auto Receivables Trust 2012-C), Indenture (Hyundai Auto Receivables Trust 2012-B)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders and (vii) for the benefit of the Class D Notes, to the Class D Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Cit Equipment Collateral 2000-2), Indenture (Cit Equipment Collateral 2004-Vt1), Indenture (CIT Equipment Collateral 2005-Vt1)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, and (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2009-2), Indenture (Harley-Davidson Motorcycle Trust 2009-3), Indenture (Harley Davidson Customer Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Registered Holders of the Class A-1 NoteholdersNotes, (ii) for the benefit of the Class A-2 A-2a Notes, to the Registered Holders of the Class A-2 NoteholdersA-2a Notes, (iii) for the benefit of the Class A-2b Notes, to the Registered Holders of the Class A-2b Notes, (iv) for the benefit of the Class A-3 Notes, to the Registered Holders of the Class A-3 NoteholdersNotes, and (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit Registered Holders of the Class B A-4 Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder Noteholder, as the case may be, for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Harley-Davidson Motorcycle Trust 2023-A), Indenture (Harley-Davidson Motorcycle Trust 2023-A), Indenture (Harley-Davidson Motorcycle Trust 2022-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c)8.02, on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders and (vii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Morgan Stanley Auto Loan Trust 2004-Hb1), Indenture (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Indenture (Goldman Sachs Asset Backed Securities Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to in respect of the Noteholders related Due Period on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) the Class C Notes, to the Class C Noteholders and (vii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of its Class A-5 Noteholder, to the Class A-5 Noteholder, (vi) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders and (viii) for the benefit of the Class D Notes, to the Class D Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (NCT Funding Co LLC), Indenture (Ace Securities Corp), Indenture (Asset Backed Securities Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Transfer and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) for the benefit of the Class C Notes, to the Class C Noteholders, in each case as further specified herein or therein. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Orix Credit Alliance Receivables Trust 1999-A), Indenture (Orix Credit Alliance Receivables Trust 2000 B), Indenture (Orix Credit Alliance Receivables Trust 2000-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, Noteholders (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (BMW Vehicle Owner Trust 2002-A), Indenture (BMW Vehicle Owner Trust 2001-A), Indenture (BMW Vehicle Owner Trust 2001-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 B Notes, to the Class A-4 Noteholders and B Noteholders, (v) for the benefit of the Class B C Notes, to the Class B C Noteholders, and (vi) for the benefit of the Class D Notes, to the Class D Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 3 contracts

Samples: Indenture (Cit Funding Co, LLC), Indenture (Cit Equipment Collateral 2003-Ef1), Indenture (CIT Equipment Collateral 2004-Ef1)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, (vii) for the benefit of the Class D Notes, to the class D Noteholders and (viii) 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 shall be considered as having been paid by the Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. (a) The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 A-2-A Notes, to the Class A-2 A-2-A Noteholders, (iiic) for the benefit of the Class A-2-B Notes, to the Class A-2-B Noteholders, (d) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ive) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vf) for the benefit of the Class B Notes, to the Class B Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2018-A)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 A-3a Notes, to the Class A-3 A-3a Noteholders, (iv) for the benefit of the Class A-3b Notes, to the Class A-3b Noteholders, (v) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (vvi) for the benefit of the Class B Notes, to the Class 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2008-B), Indenture (World Omni Auto Receivables Trust 2008-A)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vvi) for the benefit of the Class B Notes, to the Class B Noteholders and (vii) 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B Noteholders; provided that on any Distribution Date no payment shall be made on the Class B Notes until payments of interest then due on the Class A Notes have been made. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Premier Auto Trust 1998-3), Indenture (Premier Auto Trust 1998-2)

Payment of Principal and Interest. (a) The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 A-2-A Notes, to the Class A-2 A-2-A Noteholders, (iiic) for the benefit of the Class A-2-B Notes, to the Class A-2-B Noteholders, (d) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ive) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vf) for the benefit of the Class B Notes, to the Class B Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.. 15 (2017-B Indenture)

Appears in 2 contracts

Samples: Indenture (Hyundai Auto Receivables Trust 2017-B), Indenture (Hyundai Auto Receivables Trust 2017-B)

Payment of Principal and Interest. (a) The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 A-2-A Notes, to the Class A-2 A-2-A Noteholders, (iiic) for the benefit of the Class A-2-B Notes, to the Class A-2-B Noteholders, (d) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ive) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vf) for the benefit of the Class B Notes, to the Class B Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.. 14 (2017-A Indenture)

Appears in 2 contracts

Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2017-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders and (vvi) for the benefit of the Class B Notes, to the Class B Noteholders; provided that on any Distribution Date no payment shall be made on the Class B Notes until payments then due on the Class A Notes have been made. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Premier Auto Trust 1997-3), Indenture (Premier Auto Trust 1997-2)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution 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 [A-1] Notes, to the Class A-1 [A-1] Noteholders, (ii) for the benefit of the Class A-2 [A-2] Notes, to the Class A-2 [A-2] Noteholders, (iii) for the benefit of the Class A-3 [A-3] Notes, to the Class A-3 [A-3] Noteholders, [,] [and] (iv) for the benefit of the Class A-4 [A-4] Notes, to the Class A-4 Noteholders [A-4] Noteholders[ and (v) for the benefit of the Class B [B] Notes, to the Class B [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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Daimlerchrysler Services North America LLC), Indenture (Daimlerchrysler Services North America LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 B Notes, to the Class A-3 B Noteholders, (iv) for the benefit of the Class A-4 C Notes, to the Class A-4 C Noteholders and (v) for the benefit of the Class B D Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Heller Funding Corp), Indenture (Heller Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes Notes, this Indenture and this Indenturethe Pooling and Servicing Agreement. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Collection Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, and (vii) for the benefit of the Class D Notes, to the Class D Noteholders, in each case as further specified therein. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Cit Funding Co, LLC), Indenture (Cit Equipment Collateral 2006-Vt2)

Payment of Principal and Interest. The Issuing Entity will Issuer shall duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will Issuer shall cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Monthly Payment Date deposited therein pursuant to the Sale Transfer 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders, (vi) for the benefit of the Class A-6 Notes, to the Class A-6 Noteholders, (vii) for the benefit of the Class B Notes, to the Class B Noteholders and (viii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Deutsche Recreational Asset Funding Corp), Indenture (Deutsche Recreational Asset Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B Noteholders; provided that on any Distribution Date no payment shall be made on the Class B Notes until payments then due on the Class A Notes have been made. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Premier Auto Trust 1998-1), Indenture (Premier Auto Trust 1997 1)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to in respect of the Noteholders related Due Period on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 A-3A Notes, to the Class A-3 A-3A Noteholders, (iv) for the benefit of the Class A-4 A-3B Notes, to the Class A-4 Noteholders and A-3B Noteholders, (v) for the benefit of the Class B A-4A Notes, to the Class B A-4A Noteholders and (vi) the Class A-4B Notes, to the Class A-4B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (WFS Receivables Corp), Indenture (WFS Receivables Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) for the benefit of the Class C Notes, to the Class C Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 2 contracts

Samples: Indenture (Harley Davidson Customer Funding Corp), Indenture (Harley-Davidson Motorcycle Trust 2007-2)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders[,] [and] (v) for the benefit of the Class B Notes, to the Class B Noteholders [and (vi) 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders, (vi) for the benefit of the Class B Notes, to the Class B Noteholders, (vii) for the benefit of the Class C Notes, to the Class C Noteholders and (viii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (SSB Vehicle Securities Inc)

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Payment of Principal and Interest. The Issuing Entity In accordance with the terms of this Indenture, the Issuer will duly and punctually (i) pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture(ii) release from the Trust Accounts all other amounts distributable or payable under the Trust Agreement, Sale and Servicing Agreement and Administration Agreement. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Collection Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) (a) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, Noteholders and (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, Noteholders and (ivii) for the benefit of the Class A-4 NotesCertificateholders, to or as directed by the Class A-4 Noteholders and (v) for Owner Trustee or the benefit of the Class B Notes, to the Class B NoteholdersAdministrator. Amounts properly withheld under the Code by any Person from a payment to any Noteholder or Certificateholder of interest and/or principal shall be considered as having been paid by the Issuing Entity Issuer to such Noteholder or Certificateholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Toyota Motor Credit Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 [A-1] Notes, to the Class A-1 [A-1] Noteholders, (ii) for the benefit of the Class A-2 [A-2] Notes, to the Class A-2 [A-2] Noteholders, (iii) for the benefit of the Class A-3 [A-3] Notes, to the Class A-3 [A-3] Noteholders, (iv) for the benefit of the Class A-4 [A-4] Notes, to the Class A-4 [A-4] Noteholders and (v) for the benefit of the Class B [B] Notes, to the Class B [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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture Agreement (National City Bank /)

Payment of Principal and Interest. The Issuing Entity will Issuer shall duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will Issuer shall cause to be distributed all amounts on deposit in the Note Collection Account and Principal Distribution Account and allocated for distribution to the Noteholders on a Monthly Payment Date deposited therein pursuant to the Sale Transfer and Servicing Agreement and the Indenture (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders, (vi) for the benefit of the Class B Notes, to the Class B Noteholders, (vii) for the benefit of the Class C Notes, to the Class C Noteholders and (viii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Deutsche Recreational Asset Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders Noteholders, and (v) for the benefit of the Class B Notes, to the Class B Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Cit Ec Ef 2001-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited in the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, and (vii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Fidelity Leasing Inc)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (ve) for the benefit of the Class B Notes, to the Class B Noteholders, (f) for the benefit of the Class C Notes, to the Class C Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Hyundai Abs Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and --------------------------------- punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be --------------- distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 A-2-A Notes, to the Class A-2 A-2-A Noteholders, (iiic) for the benefit of the Class A-2-B Notes, to the Class A-2-B Noteholders, (d) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ive) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vf) for the benefit of the Class B Notes, to the Class B Noteholders, (g) for the benefit of the Class C Notes, to the Class C Noteholders and (h) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Hyundai Auto Receivables Trust 2015-C)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 A-2-A Notes, to the Class A-2 A-2-A Noteholders, (iiic) for the benefit of the Class A-2-B Notes, to the Class A-2-B Noteholders, (d) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ive) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vf) for the benefit of the Class B Notes, to the Class B Noteholders and (g) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Hyundai Auto Receivables Trust 2015-B)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, interest on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c8.2(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of the Class A-1 A-l Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to Class A-4 Noteholders, (v) for the benefit of the Class A-4 A-5 Notes, to Class A-5 Noteholders and (vvi) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Ace Securities Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit deposited in the Note Distribution Collection Account and allocated which represent Available Amounts for distribution to the Noteholders on a such Payment Date pursuant to the Sale and Servicing Agreement (ia) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (iib) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iiic) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (ivd) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vd) for the benefit of the Class B Notes, to the Class B Noteholders and (e) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Hyundai Auto Receivables Trust 2011-A)

Payment of Principal and Interest. The Issuing Entity will Issuer shall duly and --------------------------------- punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will Issuer shall cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Monthly Payment Date deposited therein pursuant to the Sale Transfer 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders, (vi) for the benefit of the Class B Notes, to the Class B Noteholders and (vii) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Deutsche Recreational Asset Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (SSB Vehicle Sec Huntington Auto Trust 2000-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section SECTION 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Distribution Date deposited therein 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Dealer Auto Receivables Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 A-2a Notes, to the Class A-2 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-3 Notes, to the Class A-3 Noteholders, (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (vvi) for the benefit of the Class B Notes, to the Class B Noteholders, (vii) for the benefit of the Class C Notes, to the Class C Noteholders and (viii) for the benefit of the Class D Notes, to the Class D Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Cit Equipment Collateral 2000-1)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c)8.02, on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, (vii) for the benefit of the Class D Notes, to the Class D Noteholders and (viii) 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 shall be considered as having been paid by the Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Auto Loan Trust 2004-Hb2)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes Notes, the Sale and Servicing Agreement and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders and (vi) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (National City Auto Receivables Trust 2004-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes Notes, the Sale and Servicing Agreement and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Collection Account (to the extent set forth in Section 5.06 of the Sale and Servicing Agreement and Sections 5.04(b) and 8.02 of this Indenture) and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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 to have been paid by the Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Fifth Third Auto Trust 2004-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly --------------------------------- and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will --------------- cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interestinterest on, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to in respect of the Noteholders related Collection Period on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the related Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the related Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) the Class C Notes, to the Class C Noteholders and (vii) 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 or principal shall be considered as having been paid by the Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (WFS Financial 2005-3 Owner Trust)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution 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 Indenture Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Auto Trust 2005-A)

Payment of Principal and Interest. The Issuing Entity Issuer will duly --------------------------------- and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be allocated and distributed all amounts on deposit under and as provided in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to Section 4.10 of 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B Noteholders, and for the benefit of the Class C Notes, to the Class C Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Mitsui Vendor Leasing 1998-1 LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholder, (vi) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders and (viii) for the benefit of the Class D Notes, to the Class D Noteholders, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (NCT Funding Co LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 B Notes, to the Class A-4 Noteholders and B Noteholders, (v) for the benefit of the Class B C Notes, to the Class B C Noteholders and (vi) 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Hyundai Abs Funding Corp)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class Class-A-4 Notes, to the Class A-4 Noteholders and Noteholders, (viii) for the benefit of the Class B Notes, to the Class B Noteholders, (iv) 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, in 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Heller Funding Corp Ii)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes Notes, this Indenture and this Indenturethe Pooling and Servicing Agreement. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be deposited into the Collection Account amounts allocated pursuant to Section 7.05 of the Pooling and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, and (vii) for the benefit of the Class D Notes, to the Class D Noteholders, in each case as further specified therein. 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 Issuing Entity to such Noteholder for all purposes of this Indenture.from

Appears in 1 contract

Samples: Indenture (CIT Equipment Collateral 2005-Ef1)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c)on each Payment Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in deposited pursuant to the Sale and Servicing Agreement into the Note Distribution Account in accordance with the priorities and allocated for distribution to the Noteholders on a Payment Date pursuant to amounts set forth herein and in 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (BMW Fs Securities LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interestinterest on, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to in respect of the Noteholders related Collection Period on a Payment Distribution Date deposited therein pursuant to the Sale and Servicing Agreement (i) for the benefit of (i) the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) the Class C Notes, to the Class C Noteholders and (vii) 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 or principal shall be considered as having been paid by the Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (WFS Financial 2005-2 Owner Trust)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, 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, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer will cause to be distributed on each Payment Date all amounts on deposit deposited in the Note Collection Account and the Principal Distribution Account 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 A Notes, to the Class A-1 A Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit of the Class B Notes, to the Class B 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, (v) for the benefit of the Class E Notes, to the Class E Noteholders and (vi) for the benefit of the Class F Notes, to the Class F 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Consumer Portfolio Services Inc)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Registered Holders of the Class A-1 NoteholdersNotes, (ii) for the benefit of the Class A-2 A-2a Notes, to the Registered Holders of the Class A-2 NoteholdersA-2a Notes, (iii) for the benefit of the Class A-2b Notes, to the Registered Holders of the Class A-2b Notes,, (iv) for the benefit of the Class A-3 Notes, to the Registered Holders of the Class A-3 NoteholdersNotes, and (ivv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and (v) for the benefit Registered Holders of the Class B A-4 Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder Noteholder, as the case may be, for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Harley-Davidson Motorcycle Trust 2022-A)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders[, (v) for the benefit of the Class A-5 Notes, to the Class A-5 Noteholders,] [and] [(vi)] for the benefit of the Class B Notes, to the Class B Noteholders[,] [and (vii) for the benefit of the Class C Notes, to the Class C Noteholders][,] [and] [(viii) for the benefit of the Class D Notes, to the Class D Noteholders] [and] [(ix) 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 shall be considered as having been paid by the Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c)8.02, on each Distribution Date, the Issuing Entity Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account and allocated for distribution to the Noteholders on a Payment Date deposited pursuant to the Sale and Servicing Agreement into the Note Interest Distribution Account and the Principal Distribution Account (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 B Notes, to the Class A-3 B Noteholders, (iv) for the benefit of the Class A-4 C Notes, to the Class A-4 C Noteholders and (v) for the benefit of the Class B D Notes, to the Class B 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Morgan Stanley Auto Loan Trust 2003-Hb1)

Payment of Principal and Interest. The Issuing Entity will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity will cause to be distributed all amounts on deposit in the Note Distribution Account 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-2 A-2a Notes, to the Class A-2 A-2a Noteholders, (iii) for the benefit of the Class A-3 A-2b Notes, to the Class A-3 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 and (vvii) for the benefit of the Class B Notes, to the Class 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 Issuing Entity to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest. The Issuing Entity Issuer will duly and punctually pay the principal of and interest, if any, on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to and in accordance with Section 8.02(c), the Issuing Entity Issuer and the Indenture Trustee will cause to be deposited into the Note Distribution Account amounts allocated pursuant to Section 7.05 of the Sale and Servicing Agreement, and cause to be distributed all such amounts on deposit in the Note a Distribution Account and allocated for distribution to the Noteholders on a Payment Date pursuant to the Sale and Servicing Agreement as deposited therein (i) for the benefit of the Class A-1 Notes, to the Class A-1 Noteholders, (ii) for the benefit of the Class A-2 Notes, to the Class A-2 Noteholders, (iii) for the benefit of the Class A-3 Notes, to the Class A-3 Noteholders, (iv) for the benefit of the Class A-4 Notes, to the Class A-4 Noteholders and Noteholders, (v) for the benefit of the Class B Notes, to the Class B Noteholders, (vi) for the benefit of the Class C Notes, to the Class C Noteholders, in each case as further specified herein and (vii) for the benefit of and to the Swap Counterparty. 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 Issuing Entity Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Samples: Indenture (Harley-Davidson Motorcycle Trust 2007-3)

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