Common use of Payments of Interest Clause in Contracts

Payments of Interest. Any payments of interest made on a Pass-Through Certificate on a Payment Date shall be at the applicable Class Coupon. Interest shall be computed on the basis of a 360-day year consisting of twelve 30-day months (unless otherwise provided in the related Terms Supplement) and shall accrue during the applicable Accrual Period.

Appears in 5 contracts

Samples: Pass Through Certificates Master Trust Agreement, Master Trust Agreement, Pass Through Certificates Master Trust Agreement

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Payments of Interest. Any payments of interest made on a Pass-Through Certificate on a Payment Date shall be at the applicable Class Coupon. Interest shall be computed on the basis of a 360-360- day year consisting of twelve 30-day months (unless otherwise provided in the related Terms Supplement) and shall accrue during the applicable Accrual Period.

Appears in 3 contracts

Samples: Pass Through Certificates Master Trust Agreement, Pass Through Certificates Master Trust Agreement, Pass Through Certificates Master Trust Agreement

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Payments of Interest. Any payments of interest made on a Pass-Through Certificate on a Payment Date shall be at the applicable Class Coupon. Interest shall will be computed on the basis of a 360-day year consisting of twelve 30-day months (unless otherwise provided in the related Terms Supplement) and shall will accrue during the applicable Accrual Period.

Appears in 2 contracts

Samples: Pass Through Certificates Agreement, Pass Through Certificates Agreement

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