Common use of Principal Payments on the Series Clause in Contracts

Principal Payments on the Series. 2022-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 2022-1 Notes for each Payment Date shall be payable to the Series 2022-1 Holders on each Payment Date from amounts deposited in the 2022-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 2022-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 2022-1 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 2022-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 2022-1 Notes for each Payment Date shall be payable to the Series 2022-1 Holders Noteholders on each Payment Date from amounts deposited in the 2022-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 2022-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 2022-1 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 20222021-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 20222021-1 Notes for each Payment Date shall be payable to the Series 20222021-1 Holders Noteholders on each Payment Date from amounts deposited in the 20222021-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 20222021-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 20222021-1 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 20222021-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 20222021-1 Notes for each Payment Date shall be payable to the Series 20222021-1 Holders on each Payment Date from amounts deposited in the 20222021-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 20222021-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 20222021-1 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 20222019-1 2 Notes. The Scheduled Principal Payment Amount calculated for the Series 20222019-1 2 Notes for each Payment Date shall be payable to the Series 20222019-1 Holders 2 Noteholders on each Payment Date from amounts deposited in the 20222019-1 2 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 20222019-1 2 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 20222019-1 2 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 20222023-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 20222023-1 Notes for each Payment Date shall be payable to the Series 20222023-1 Holders Noteholders on each Payment Date from amounts deposited in the 20222023-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 20222023-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 20222023-1 Notes shall be payable on each Payment Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.

Principal Payments on the Series. 20222024-1 Notes. The Scheduled Principal Payment Amount calculated for the Series 20222024-1 Notes for each Payment Date shall be payable to the Series 20222024-1 Holders Noteholders on each Payment Date from amounts deposited in the 20222024-1 Series Account on such Payment Date as provided in (and subject to the provisions of) the Flow of Funds under the Master Indenture and Section 3.02 hereof. At any time that an Early Amortization Event or an Event of Default is then continuing, or if a Rapid Amortization Event with respect to the Series 20222024-1 Notes has occurred, then, in addition to the foregoing, the Outstanding Principal Balance of the Series 20222024-1 Notes shall be payable on each Payment [Series Supplement (Series 2024-1)] Date to the extent that amounts are available for such purpose in accordance with the Flow of Funds and Section 3.02 hereof.