Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-3) Notes shall be made as set forth in Section 1102 of the Indenture. (b) The right of the Class B(2020-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-3) Termination Date. (c) All payments of principal, interest or other amounts to the Class B(2020-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.
Appears in 3 contracts
Samples: Omnibus Amendment to Specified Terms Documents (Discover Card Master Trust I), Indenture Trust Agreement (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-3B ( - ) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-3B ( - ) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-3B ( - ) Notes shall be made as set forth in Section 1102 of the Indenture.]
(b) The right of the Class B(2020-3B ( - ) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-3B ( - ) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-3B ( - ) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B ( - ) Notes.
Appears in 3 contracts
Samples: Execution Note Trust (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I), Execution Note Trust (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-34) Notes.
Appears in 3 contracts
Samples: Omnibus Amendment to Specified Terms Documents (Discover Card Master Trust I), Indenture Supplement (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-32) Notes.
Appears in 3 contracts
Samples: Omnibus Amendment to Specified Terms Documents (Discover Card Master Trust I), Class B(2020 2) Terms Document (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2015-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2015-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2015-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2015-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2015-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2015-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2015-3) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Bank), Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2018-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2018-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2018-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2018-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2018-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2018-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2018-31) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2015-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2015-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2015-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2015-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2015-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2015-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2015-32) Notes.
Appears in 2 contracts
Samples: Class A(2015 2) Terms Document (Discover Bank), Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-35) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-35) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-35) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-35) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-35) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-35) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2020-35) Notes.
Appears in 2 contracts
Samples: Omnibus Amendment to Specified Terms Documents (Discover Card Master Trust I), Indenture Trust Agreement (Discover Funding LLC)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2017-35) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2017-35) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2017-35) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2017-35) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2017-35) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2017-35) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2017-35) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Bank), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2022-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2022-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2022-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2022-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2022-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2022-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2022-32) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2023-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2023-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2023-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2023-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2023-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2023-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2023-32) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2022-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2022-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2022-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2022-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2022-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2022-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2022-34) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Card Master Trust I), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2016-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2016-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2016-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2016-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2016-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2016-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2016-34) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2015-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2015-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2015-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2015-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2015-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2015-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2015-31) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Bank), Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-31) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2018-36) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2018-36) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2018-36) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2018-36) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2018-36) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2018-36) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2018-36) Notes.
Appears in 2 contracts
Samples: Indenture Supplement (Discover Funding LLC), Indenture Supplement (Discover Funding LLC)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-3B(___-___) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-3B(___-___) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-3B(___-___) Notes shall be made as set forth in Section 1102 1101 of the Indenture.]
(b) The right of the Class B(2020-3B(___-___) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-3B(___-___) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-3B(___-___) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(___-___) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2007-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2007-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2007-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2007-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2007-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2007-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2007- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2014-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2014-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2014-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2014-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2014-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2014-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-B(2014- 3) Notes.. 712252076 063
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2013-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2017-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2017-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2017-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2017-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2017-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2017-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2017- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2017-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2017-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2017-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2017-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2017-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2017-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2017-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2007-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2007-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2007-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2007-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2007-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2007-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.B(2007-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2010-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2010-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2010-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2010-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2010-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2010-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2010-32) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2019-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2019-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2019-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2019-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2019-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2019-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2019-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2018-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2018-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2018-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2018-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2018-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2018-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2018-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2014-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2014-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2014-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2014-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2014-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2014-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2014-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2011-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2011-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2011-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2011-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2011-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2011-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2011-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2012-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2012-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2012-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2012-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2012-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2012-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.B(2012-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2016-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2016-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2016-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2016-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2016-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2016-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2016-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2012-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2012-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2012-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2012-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2012-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2012-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2012-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2018-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2018-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2018-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2018-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2018-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2018-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2018-32) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2011-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2011-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2011-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2011-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2011-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2011-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2011-34) Notes.
Appears in 1 contract
Samples: Class A(2011 4) Terms Document (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2007-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2007-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2007-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2007-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2007-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2007-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2007-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-35) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-35) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-35) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-35) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-35) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-35) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2013- 5) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2012-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2012-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2012-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2012-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2012-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2012-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2012- 2) Notes.
Appears in 1 contract
Samples: Execution Note Trust
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2007-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2007-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2007-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2007-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2007-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2007-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2007-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2020-3) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2009-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2009-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2009-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020C(2009-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2009-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2009-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C(2009- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2010-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2010-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2010-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2010-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2010-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2010-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2010-31) Notes.
Appears in 1 contract
Samples: Class B(2010 1) Terms Document (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2008-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2008-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2008-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2008-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2008-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2008-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2008-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2011-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2011-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2011-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2011-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2011-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2011-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2011-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) [The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020-3C( - ) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020-3C( - ) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020-3C( - ) Notes shall be made as set forth in Section 1102 of the Indenture.]
(b) The right of the Class B(2020-3C( - ) Noteholders to receive payments from the Issuer will terminate on the Class B(2020-3C( - ) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020-3C( - ) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C( - ) Notes.
Appears in 1 contract
Samples: Execution Note Trust (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2013-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2021-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2021-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2021-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2021-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2021-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2021-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2021- 1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2007-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2007-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2007-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2007-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2007-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2007-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2007-32) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2009-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2009-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2009-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020C(2009-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2009-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2009-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2009-32) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2015-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2015-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2015-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2015-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2015-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2015-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2015- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-36) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-36) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-36) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-36) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-36) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-36) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2013-36) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2014-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2014-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2014-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2014-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2014-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2014-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2014-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2020-31) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2017-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2017-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2017-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2017-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2017-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2017-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2017-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2008-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2008-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2008-3) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2008-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2008-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2008-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-B(2008- 3) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2011-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2011-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2011-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2011-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2011-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2011-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-C(2011- 3) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2007-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2007-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2007-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2007-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2007-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2007-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2007-32) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2022-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2022-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2022-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2022-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2022-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2022-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2022- 4) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2013-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2013-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2013-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2013-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2013-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2013-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C(2013-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-36) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-36) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-36) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-36) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-36) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-36) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2013-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2014-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2014-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2014-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2014-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2014-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2014-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2014-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2023-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2023-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2023-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2023-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2023-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2023-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2023- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2012-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2012-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2012-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2012-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2012-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2012-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.C(2012-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2019-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2019-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2019-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2019-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2019-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2019-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2019-31) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2021-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2021-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2021-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2021-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2021-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2021-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2021-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2008-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2008-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2008-3) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020C(2008-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2008-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2008-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2008-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2011-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2011-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2011-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2011-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2011-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2011-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2011- 1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2008-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2008-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2008-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2008-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2008-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2008-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2008-32) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2012-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2012-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2012-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2012-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2012-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2012-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2012-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2012-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2012-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2012-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2012-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2012-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2012-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2012-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2009-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2009-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2009-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2009-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2009-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2009-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2009- 1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2020-32) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2017-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2017-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2017-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2017-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2017-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2017-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2017-31) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2012-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2012-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2012-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2012-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2012-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2012-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2012-31) Notes.
Appears in 1 contract
Samples: Class C(2012 1) Terms Document (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2014-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2014-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2014-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2014-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2014-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2014-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2014-32) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2011-3) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2011-3) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2011-3) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2011-3) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2011-3) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2011-3) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2011-3) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2014-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2014-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2014-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2014-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2014-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2014-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.C(2014-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2021-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2021-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2021-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2021-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2021-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2021-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2021-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2014-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2014-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2014-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2014-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2014-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2014-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2014-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2018-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2018-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2018-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2018-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2018-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2018-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2018-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2011-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2011-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2011-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2011-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2011-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2011-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2011- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2011-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2011-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2011-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2011-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2011-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2011-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2011-31) Notes.
Appears in 1 contract
Samples: Class C(2011 1) Terms Document (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2017-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2017-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2017-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2017-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2017-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2017-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2017-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2010-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2010-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2010-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2010-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2010-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2010-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2010-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2012-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2012-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2012-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2012-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2012-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2012-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2012-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2008-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2008-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2008-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020C(2008-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2008-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2008-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C(2008- 1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2009-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2009-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2009-32) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2009-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2009-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2009-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2009-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-35) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-35) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-35) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-35) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-35) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-35) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C(2020- 5) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2013-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2013-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2013-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2013-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2013-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2013-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2013-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2014-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2014-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2014-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2014-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2014-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2014-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2014-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Master Trust I)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2013-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2013-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2013-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2013-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2013-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2013-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2013-31) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2020-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2020-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2020-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2020-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2020-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2020-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020C(2020-34) Notes.
Appears in 1 contract
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2012-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2012-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2012-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2012-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2012-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2012-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020A(2012-34) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2015-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2015-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2015-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2015-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2015-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2015-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2015-31) Notes.
Appears in 1 contract
Samples: Indenture Trust Agreement (Discover Card Execution Note Trust)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2018-35) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2018-35) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2018-35) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2018-35) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2018-35) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2018-35) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2018- 5) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020C(2018-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020C(2018-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020C(2018-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020C(2018-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020C(2018-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020C(2018-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3C(2018- 1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2007-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2007-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2007-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2007-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2007-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2007-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2007-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2008-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2008-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2008-34) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020A(2008-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2008-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2008-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3) Notes.A(2008-
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2009-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2009-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2009-31) Notes shall be made as set forth in Section 1102 1101 of the Indenture.
(b) The right of the Class B(2020B(2009-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2009-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2009-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020B(2009-31) Notes.
Appears in 1 contract
Samples: Indenture Supplement (Discover Bank)
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2019-32) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2019-32) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2019-32) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2019-32) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2019-32) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2019-32) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2019- 2) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020A(2011-34) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020A(2011-34) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020A(2011-34) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020A(2011-34) Noteholders to receive payments from the Issuer will terminate on the Class B(2020A(2011-34) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020A(2011-34) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3A(2011- 4) Notes.
Appears in 1 contract
Samples: Indenture Supplement
Payments of Interest and Principal. (a) The Issuer will cause interest to be paid on each Interest Payment Date and principal to be paid on the Expected Maturity Date; provided, however, that it shall not be an Event of Default if principal is not paid in full on such Expected Maturity Date unless funds for such payment have been allocated in accordance with Section 3.01 of the Indenture Supplement; and provided, further, that if a Class B(2020B(2013-31) Adverse Event has occurred and is continuing, principal will instead be payable in monthly installments on each Principal Payment Date for the Class B(2020B(2013-31) Notes in accordance with Sections 3.01 and 3.05 of the Indenture Supplement. All payments of interest and principal on the Class B(2020B(2013-31) Notes shall be made as set forth in Section 1102 of the Indenture.
(b) The right of the Class B(2020B(2013-31) Noteholders to receive payments from the Issuer will terminate on the Class B(2020B(2013-31) Termination Date.
(c) All payments of principal, interest or other amounts to the Class B(2020B(2013-31) Noteholders will be made pro rata based on the Stated Principal Amount of their Class B(2020-3B(2013-
1) Notes.
Appears in 1 contract
Samples: Indenture Supplement