Common use of REPAYMENT OF PRINCIPAL OF THE LOAN Clause in Contracts

REPAYMENT OF PRINCIPAL OF THE LOAN. The principal amount of the Loan shall be due and payable on the Series Termination Date. The Trust shall repay the unpaid principal balance of the Loan in full on or before the Series Termination Date in accordance with the provisions of this Agreement; provided, however, that the unpaid principal amount of the Loan shall only be paid from the funds described below, and only to the extent such funds are available.

Appears in 73 contracts

Samples: Credit Enhancement Agreement (Discover Bank), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Bank)

AutoNDA by SimpleDocs

REPAYMENT OF PRINCIPAL OF THE LOAN. The principal amount of the Loan shall be due and payable on the Series Termination Date. The Trust shall repay the unpaid principal balance of the Loan in full on or before the Series Termination Date in accordance with the provisions of this Agreement; provided, however, that the unpaid principal amount of the Loan shall only be paid from the funds described below, and only to the extent such funds are available.that

Appears in 9 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

REPAYMENT OF PRINCIPAL OF THE LOAN. The principal amount of the Loan shall be due and payable on the Series Termination Date. The Trust shall repay the unpaid principal balance of the Loan in full on or before the Series Termination Date in accordance with the provisions of this Agreement; provided, however, that the unpaid principal amount of the Loan shall only be paid from the funds described below, and only to the extent such funds are available.unpaid

Appears in 7 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

AutoNDA by SimpleDocs

REPAYMENT OF PRINCIPAL OF THE LOAN. (a) The principal amount of the Loan shall be due and payable on the Series Termination Date. The Trust shall repay the unpaid principal balance of the Loan in full on or before the Series Termination Date in accordance with the provisions of this Agreement; provided, however, that the unpaid principal amount of the Loan shall only be paid from the funds described below, and only to the extent such funds are available.

Appears in 3 contracts

Samples: Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I), Credit Enhancement Agreement (Discover Card Master Trust I)

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