Common use of Payment to Noteholders Clause in Contracts

Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any Noteholders' Interest Index Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(c)) with respect to each class of Notes in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed to the holders of the Class A-1 Notes and to the holders of the Class A-2 Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to which the holders of the Notes are entitled to receive pursuant to the Sale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest (including any Noteholders' Interest Index Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes for all purposes of this Indenture.

Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any Noteholders' Interest Index T-Xxxx Carryover (but only to the extent provided in Sections 2.07(d2.7(d) and 8.02(c8.2(d)) with respect to each class of the Notes in accordance with the terms of such the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c8.2(d), the Issuer will cause to be distributed to the holders of the Class A-1 Notes and to the holders of the Class A-2 Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Quarterly Payment Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Quarterly Payment Date), to ) which the holders of the Notes Noteholders are entitled to receive pursuant to the Sale Administration Agreement to Senior Noteholders and Servicing AgreementSubordinate Noteholders in accordance with the Administration Agreement and Section 8.2 hereof. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes Noteholder of interest (including any Noteholders' Interest Index T-Xxxx Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes Noteholder for all purposes of this Indenture.

Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any Noteholders' Interest Index Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(c)) with respect to each class of Notes in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed to the holders of the Class A-1 ____ Notes and to the holders of the Class A-2 ____ Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to which the holders of the Notes are entitled to receive pursuant to the Sale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest (including any Noteholders' Interest Index Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes for all purposes of this Indenture.

Payment to Noteholders. The Issuer will duly and punctually ---------------------- pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any Noteholders' Interest Index LIBOR Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(c)) with respect to each class of the Notes in accordance with the terms of such the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed to the holders of the Class A-1 Notes and to the holders of the Class A-2 Notes that portion of the amounts on deposit in the Trust Accounts on an Interest Payment Date and a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to ) which the holders of the Notes Noteholders are entitled to receive pursuant to the Sale Administration Agreement to Class A-1 Noteholders and Servicing Class A-2 Noteholders in accordance with the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes Noteholder of interest (including any Noteholders' Interest Index LIBOR Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes Noteholder for all purposes of this Indenture.

Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence), interest, if any, on and any unpaid Noteholders' Interest Index Carryover (but only to the extent provided in Sections 2.07(d) and 8.02(c)) with respect to each class Class of Notes in accordance with the terms of such Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c), the Issuer will cause to be distributed to the holders of the Class A-1 Notes, to the holders of the Class A-2 Notes and to the holders of the Class A-2 M Notes that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to which the holders of the Notes are entitled to receive pursuant to the Sale and Servicing Agreement. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes of interest (including any Noteholders' Interest Index Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes for all purposes of this Indenture.

Payment to Noteholders. The Issuer will duly and punctually pay the principal of (subject to the parenthetical in the following sentence)of, interest, if any, on and any interest on Noteholders' Interest Index Basis Carryover (but only to the extent provided in Sections 2.07(d1.13(a)(iv) and 8.02(c8.03(b)) with respect to each class of the Notes in accordance with the terms of such the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.02(c8.03(b), the Issuer will cause to be distributed to the holders of the Class A-1 Notes and to the holders of the Class A-2 Notes Noteholders that portion of the amounts on deposit in the Trust Accounts on a Distribution Primary Payment Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date), to which the holders of the Notes Class A-1 Noteholders are entitled to receive pursuant and will cause to be distributed to the Sale and Servicing AgreementClass A-2 Noteholders that portion of the amounts on deposit in the Trust Accounts on a Secondary Payment Date which the Class A-2 Noteholders are entitled to receive. Amounts properly withheld under the Code by any Person from a payment to any holder of the Notes Noteholder of interest (including any Noteholders' Interest Index Basis Carryover) and/or principal shall be considered as having been paid by the Issuer to such holder of the Notes Noteholder for all purposes of this Indenture.