Payment on Early Termination. If an Early Termination Date occurs in respect of which Party A is the Defaulting Party or the sole Affected Party with respect to an Additional Termination Event, Party B will not be required to pay any amounts payable to Party A under Section 6(e) in respect of such Early Termination Date, and Party A will not be permitted to set-off in respect of such amounts, until payment in full of all amounts outstanding under the Notes.
Appears in 7 contracts
Samples: Master Agreement (Nissan Auto Receivables Corp Ii), Master Agreement (Fifth Third Holdings Funding, LLC), Master Agreement (Volkswagen Auto Loan Enhanced Trust 2007-1)
Payment on Early Termination. If an Early Termination Date occurs in respect of which Party A is the Defaulting Party or the sole Affected Party with respect to an Additional Termination EventParty, Party B will not be required to pay any amounts payable to Party A under Section 6(e) in respect of such Early Termination Date, and Party A will not be permitted to set-off in respect of such amounts, until payment in full of all amounts outstanding under the Notes.
Appears in 3 contracts
Samples: Master Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Isda Master Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Isda Master Agreement (Vw Credit Leasing LTD)
Payment on Early Termination. If Except to the extent set forth in Section 4.4(a) of the Sale and Servicing Agreement, if an Early Termination Date occurs in respect of which Party A is the Defaulting Party or the sole Affected Party with respect to an Additional Termination Event, Party B will not be required to pay any amounts payable to Party A under Section 6(e) in respect of such Early Termination Date, and Party A will not be permitted to set-off in respect of such amounts, until payment in full of all amounts outstanding under the Notes.
Appears in 1 contract
Samples: Master Agreement (Fifth Third Holdings Funding, LLC)
Payment on Early Termination. If Except to the extent set forth in Section 5.05(b) of the Sale and Servicing Agreement, if an Early Termination Date occurs in respect of which Party A is the Defaulting Party or the sole Affected Party with respect to an Additional Termination Event, Party B will not be required to pay any amounts payable to Party A under Section 6(e) in respect of such Early Termination Date, and Party A will not be permitted to set-off in respect of such amounts, until payment in full of all amounts outstanding under the Notes.
Appears in 1 contract
