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

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate, the Class

Appears in 2 contracts

Sources: Indenture (World Omni Auto Receivables LLC), Indenture (World Omni Auto Receivables LLC)

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest RateNotes, the Class A-2 Interest Rate, the Class A-3 Interest Rate, the ClassA-5 Notes

Appears in 1 contract

Sources: Indenture (Premier Auto Trust 1997-3)

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest RateNotes, the Class

Appears in 1 contract

Sources: Indenture (Ford Credit Auto Receivables Two L P)

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate and the Class A-4 Rate, the Classrespectively, as set forth in Exhibit A-1, ▇▇▇▇▇▇▇ ▇-▇, ▇▇hibit A-3 and Exhibit A-4, respectively, and such interest shall be due and payable on each Distribution

Appears in 1 contract

Sources: Indenture (Ford Credit Auto Receivables Two L P)

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate, the Class

Appears in 1 contract

Sources: Indenture (DaimlerChrysler Auto Trust 2006-A)

Payment of Principal and Interest; Defaulted Interest. (a) The Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes and the Class B Notes shall accrue interest during the related Interest Accrual Period at the Class A-1 Interest Rate, the Class A-2 Interest Rate, the Class A-3 Interest Rate, the Class

Appears in 1 contract

Sources: Indenture (Chrysler Financial Co LLC)