Common use of Payment of Principal and Interest; Defaulted Interest Clause in Contracts

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue interest as provided herein, and such amount shall be due and payable on each Payment Date as specified herein. Any installment of interest or principal, if any, payable on any Note which is punctually paid or duly provided for by the Trust on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date, by check mailed first-class, postage prepaid, to such Person's address as it appears on the Note Register on such Record Date or by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date or on the related Note Maturity Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.1(a)) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 3.

Payment of Principal and Interest; Defaulted Interest. (a) The Notes shall accrue bear interest as provided hereinin the forms of the Note set forth in Exhibit A, and such amount interest shall be due and payable on each Payment Date as specified hereintherein. Any installment of interest or principal, if any, payable on any Note which is punctually paid or duly provided for by the Trust Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date, by check mailed first-class, postage prepaid, wire transfer in immediately available funds to such Person's address account as it appears on the Note Register on such Record Date or by wire transfer in immediately available funds to the account designated by such nominee and except for the final installment of principal payable with respect to such Note on a Payment Date or on the related Note Maturity Date (and except for the Redemption Price for any Note called for redemption pursuant to Section 10.1(a)) which shall be payable as provided belowDate. The funds represented by any such checks returned undelivered shall be held in accordance with Section 33.3. (b) The principal of each Note shall be payable in installments on each Payment Date as provided in the forms of the Note set forth in Exhibit A. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable, if not previously paid, on the date on which an Event of Default shall

Payment of Principal and Interest; Defaulted Interest. (a) The ----------------------------------------------------- Unless otherwise provided in the related Terms Supplement, the Notes shall accrue interest as provided herein, during each Interest Accrual Period on the basis of the actual number of days elapsed during such Interest Accrual Period and such amount shall be due and payable on each Payment Date as specified hereina year assumed to consist of 360 days. Any installment of interest or principal, if any, payable on any Note Series of Notes which is punctually paid or duly provided for by the Trust Issuer on the applicable Payment Remittance Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered on the Record Date, Date by check mailed first-class, postage prepaid, to such Person's address as it appears on the Note Register on such Record Date or by wire transfer in immediately available funds (as set forth in the Sale and Servicing Agreement) to the account designated by such nominee Person and except for the final installment of principal payable with respect to such Note on a Payment Remittance Date or on the related Note Final Maturity Date (and except for the Redemption Termination Price for any Note called for redemption pursuant to Section 10.1(a)10.01) which shall be payable as provided below. The funds represented by any such checks returned undelivered shall be held in accordance with Section 33.03.