Common use of Payment to Noteholders Clause in Contracts

Payment to Noteholders. The Issuer shall duly and punctually pay the principal of, interest, if any, on and any Note Interest Carryover (but only to the extent provided in Sections 2.7(d) and 8.2(c)) with respect to the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.2(c), the Issuer shall cause to be distributed to Noteholders in accordance with the Administration Agreement that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date) which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest (including any Note Interest Carryover) and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment to Noteholders. The Issuer shall duly and ---------------------- punctually pay the principal of, interest, if any, on and any Note Interest Carryover (but only to the extent provided in Sections 2.7(d) and 8.2(c)) with respect to the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.2(c), the Issuer shall cause to be distributed to Noteholders in accordance with the Administration Agreement that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding a subsequent Distribution Date) which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest (including any Note Interest Carryover) and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Payment to Noteholders. The Issuer shall duly and punctually pay the principal of, interest, if any, on and any Note Interest Carryover (but only to the extent provided in Sections 2.7(d) and 8.2(c)) with respect to the Notes in accordance with the terms of the Notes and this Indenture. Without limiting the foregoing, subject to Section 8.2(c), the Issuer shall cause to be distributed to Noteholders in accordance with the Administration Agreement that portion of the amounts on deposit in the Trust Accounts on a Distribution Date (other than any Eligible Investments deposited therein that will mature on the Business Day preceding preceding 12 20 a subsequent Distribution Date) which the Noteholders are entitled to receive pursuant to the Administration Agreement. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest (including any Note Interest Carryover) and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.