Common use of Periodic Interest Clause in Contracts

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] Bonds on each Payment Date in an amount equal to [ONE-HALF] of the product of (i) the applicable Bond Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class of Series [ ] Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. “Periodic Interest Interest” will be payable on each Class WAL of the Series [ ] A Bonds on each Payment Date in an amount equal to [ONEone-HALF] half of the product of (i) the applicable Bond Interest Rate and (ii) the Outstanding Amount of the related Class WAL of Series A Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class WAL of Series [ ] A Bonds on such preceding Payment Date; provided, however, that that, with respect to the Initial initial Payment Date, or, or if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Closing Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] Bonds Notes on each Payment Date in an amount equal to [ONE-HALF] of the product of (i) the applicable Bond Note Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds Notes as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class of Series [ ] Bonds Notes on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] 2003-1 Bonds on each Payment Date in an amount equal to [ONEone-HALF] half of the product of (i) the applicable Bond Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class of Series [ ] 2003-1 Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] Bonds Notes on each Payment Date in an amount equal to [ONEone-HALFhalf] of the product of (i) the applicable Bond Note Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds Notes as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders holders of the related Class of Series [ ] Bonds Notes on such preceding Payment Date; provided, however, that with respect to the Initial initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] Bonds Notes on each Payment Date in an amount equal to [ONEone-HALFhalf] of the product of (i) the applicable Bond Note Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds Notes as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class of Series [ ] Bonds Notes on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] Bonds Notes on each Payment Date in an amount equal to [ONE-HALF] of the product of (i) the applicable Bond Note Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds Notes as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders holders of the related Class of Series [ ] Bonds Notes on such preceding Payment Date; provided, however, that with respect to the Initial initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.

Periodic Interest. Periodic Interest will be payable on each Class of the Series [ ] 2004-1 Bonds on each Payment Date in an amount equal to [ONEone-HALF] half of the product of (i) the applicable Bond Interest Rate and (ii) the Outstanding Amount of the related Class of Bonds as of the close of business on the preceding Payment Date after giving effect to all payments of principal made to the Holders of the related Class of Series [ ] 2004-1 Bonds on such preceding Payment Date; provided, however, that with respect to the Initial Payment Date, or, if no payment has yet been made, interest on the outstanding principal balance will accrue from and including the Series Issuance Date to, but excluding, the following Payment Date.