Payment of Senior Notes. The Issuer shall pay the principal of (and premium, if any) and interest on the Senior Notes pursuant to the provisions of this Security Agreement. Principal and interest shall be considered paid on the date due to the extent that the Collateral Agent holds on that date money designated for and sufficient to pay the principal and interest then due.
Appears in 2 contracts
Samples: Security Agreement (New Century Financial Corp), Security Agreement (New Century Financial Corp)
Payment of Senior Notes. The Issuer shall pay the principal of (and premium, if any) and interest on the Senior Notes pursuant to the provisions of this Security Agreement. Principal and interest shall be considered paid on the date due to the extent that if the Collateral Agent holds on that date money designated for and sufficient to pay the all principal and interest then due.
Appears in 2 contracts
Samples: Security Agreement (Accredited Home Lenders Holding Co), Security Agreement (Accredited Home Lenders Holding Co)
Payment of Senior Notes. The Issuer Company shall pay the principal of (and premium, if any) and interest on the Senior Notes pursuant to the provisions of this Security Agreement. Principal and interest shall be considered paid on the date due to the extent that the Collateral Agent holds on that date money designated for and sufficient to pay the principal and interest then due.
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