Common use of Payments of Principal and Interest Clause in Contracts

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Amount of the Class A Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 4 contracts

Samples: Agency Agreement (Crusade Management LTD), Agency Agreement (Crusade Management LTD), Agency Agreement (Crusade Management LTD)

AutoNDA by SimpleDocs

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A US$ Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Principal Amount of the Class A US$ Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A US$ Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 3 contracts

Samples: Agency Agreement (Interstar Securitisation Management Pty LTD), Agency Agreement (Interstar Securitisation Management Pty LTD), Agency Agreement (Interstar Securitisation Management Pty LTD)

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A A-1 Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Amount of the Class A A-1 Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A A-1 Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 3 contracts

Samples: Agency Agreement (Crusade Management LTD), Agency Agreement (Crusade Management LTD), Agency Agreement (Crusade Management LTD)

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A US$ Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Amount of the Class A US$ Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A US$ Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 2 contracts

Samples: Agency Agreement (Crusade Management LTD), Agency Agreement (Crusade Management LTD)

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A Offered Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Outstanding Principal Balance and Invested Amount of the Class A Offered Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A Offered Note is not paid in full (including Carryover Carry Over Class A Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 1 contract

Samples: Trust Deed (Me Portfolio Management LTD)

AutoNDA by SimpleDocs

Payments of Principal and Interest. (a) Any payment of principal or interest on any [Class A A-1] Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Amount of the [Class A A-1] Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any [Class A A-1] Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 1 contract

Samples: Agency Agreement (Crusade Management LTD)

Payments of Principal and Interest. (a) Any payment of principal or interest on any Class A A2 Note shall be endorsed by the Note Registrar on the Note Register. In the case of payments of principal, the Invested Principal Amount of the Class A A2 Notes shall be reduced for all purposes by the amount so paid and endorsed on the Note Register. Any such record shall be prima facie evidence that the payment in question has been made. (b) If the amount of principal or interest (as the case may be) due for payment on any Class A A2 Note is not paid in full (including Carryover Charge Offs and by reason of a deduction or withholding) the Note Registrar shall endorse a record of that shortfall on the Note Register.

Appears in 1 contract

Samples: Agency Agreement (Interstar Securitisation Management Pty LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!