PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Issuer will ------------------------------------------ duly and punctually pay the principal and interest on the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, the Issuer will cause to be distributed all amounts on deposit in the Note Distribution Account on a Distribution Date in accordance with Section 8.02(b). Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Company will duly and punctually pay the principal of, and interest and premium (if any) on, the Notes in accordance with the terms of the Notes and this Agreement.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Company will duly and punctually pay, or cause to be paid, the principal of (and premium, if any) and interest on the Notes in accordance with the terms of the Notes and this Indenture and will take any and all action which may enable it to lawfully pay the principal of (and premium, if any) and interest on any of the Notes when the same shall become due, whether at the Maturity thereof, upon redemption, by declaration as authorized by this Indenture, or otherwise.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Issuer covenants that it will promptly pay, but solely from the Trust Estate, the principal of and interest, if any, on each and every Obligation issued under the provisions of this Indenture at the places, on the dates and in the manner specified herein and in said Obligations and any premium required for the retirement of said Obligations by purchase or redemption according to the true intent and meaning thereof. The Obligations shall be and are hereby declared to be payable from and equally secured by an irrevocable first lien on and pledge of the properties constituting the Trust Estate, subject to the application thereof as permitted by this Indenture, but in no event shall the Registered Owners or any Counterparty have any right to possession of any Financed Eligible Loans, which shall be held only by the Indenture Trustee or its agent or bailee.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Borrower shall pay or cause to be paid, when due, the principal of (whether at maturity, by acceleration, by call for redemption or otherwise), the Purchase Price of and interest on the Series B Notes at the places, on the dates and in the manner provided herein and in said Series B Notes according to the true intent and meaning thereof. The obligation of the Borrower to make or cause to be made the payments on the Series B Notes and under this Agreement is absolute and unconditional.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Issuer covenants that it will promptly pay or cause to be paid the principal of, premium, if any, and interest on the Bonds at the place, on the dates, and in the manner provided herein and in the Bonds according to the true intent and meaning thereof, but solely from the Security. The principal of, premium, if any, and interest on the Bonds are payable solely from the Security, which Security is hereby specifically pledged to the payment thereof in the manner and to the extent specified in the Assignment and this Agreement, and nothing in the Bonds or in this Agreement shall be construed as pledging any other funds or assets of the Issuer.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Issuer covenants that it will promptly pay, but solely from the Trust Estate and in accordance with Section 4.4, the principal of and interest, if any, on each and every Obligation issued under the provisions of this Indenture at the places, on the dates and in the manner specified herein and in said Obligations and any premium required for the retirement of said Obligations by purchase or redemption according to the true intent and meaning thereof. The Obligations shall be and are hereby declared to be payable from and equally secured by an irrevocable first lien on and pledge of the properties constituting the Trust Estate, subject to the application thereof as permitted by this Indenture, but in no event shall the Noteholders have any right to possession of any Financed Student Loans, which shall be held only by the Indenture Trustee or its agent or bailee.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. 37 SECTION 6.02. COVENANT TO PERFORM AND REPRESENTATIONS AND WARRANTIES OF THE BORROWER AS TO AUTHORITY, ETC. ....................... 37 SECTION 6.03.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Company will duly and punctually pay the principal, interest, and premium, if any, on the Notes in accordance with the terms of the Notes and this Indenture.
PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. Payment of any principal, interest and premium (if any) owing or due on all or any part of the Client’s Trust Asset will be credited electronically to the Client Account on the Platform. The remittance to the Client Account of any principal, interest and/or premium payable in respect of the Client’s Trust Asset shall constitute a discharge of the payment obligations of Sankore to pay such principal, interest and/or premium. Notwithstanding the above, the Client acknowledges that all fees, expenses and charges applicable to the Client’s use of the Platform or subscription to any product or service on the Platform shall be borne solely by the Client and shall be deductible from the Trust Asset.
