Common use of PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM Clause in Contracts

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 Payment 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.

Appears in 1 contract

Samples: Indenture (Green Tree Financial Corp)

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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 Payment 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.

Appears in 1 contract

Samples: Green Tree Financial Corp

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 Payment Distribution Date in accordance with Section 8.02(b8.02(c). 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.

Appears in 1 contract

Samples: Indenture (Green Tree Financial Corp)

PAYMENT OF PRINCIPAL, INTEREST AND PREMIUM. The Issuer will duly and punctually pay the principal principal, interest and interest premium, if any, 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 Payment 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.

Appears in 1 contract

Samples: Execution Copy (Olympic Financial LTD)

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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 Payment 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.

Appears in 1 contract

Samples: Indenture (Green Tree Financial Corp)

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