Common use of Quarterly Interest Clause in Contracts

Quarterly Interest. Quarterly Interest will be payable on each Class ------------------ of the Series 1997-1 Notes on each Payment Date in an amount equal to one-fourth of the product of (i) the applicable Note Interest Rate and (ii) the Outstanding Amount of the related Class of 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 1997-1 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.

Quarterly Interest. Quarterly Interest will be payable on ------------------ each Class ------------------ of the Series 1997-1 Notes on each Payment Date in an amount equal to one-fourth of the product of (i) the applicable Note Interest Rate and (ii) the Outstanding Amount of the related Class of 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 1997-1 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.

Quarterly Interest. Quarterly Interest will be payable on each Class ------------------ of the Series 1997------------------ 1999-1 Notes on each Payment Date in an amount equal to one-fourth of the product of (i) the applicable Note Interest Rate and (ii) the Outstanding Amount of the related Class of Series 1999-1 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 19971999-1 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.