Payments on the Notes Clause Samples

Payments on the Notes. Payments on the Notes that are to be made from amounts withdrawn from the Series 2024-1 Accounts will be made on behalf of the Trust by the Note Paying Agent. No amounts withdrawn for payments on the Notes may be paid over to the Trust, except as stated in this Section 3.3.

Payments on the Notes. (a) With respect to each Payment Date, any interest, payable on the Notes shall be paid to the Person that is the registered Holder thereof at the close of business on the related Record Date (subject to the special record date provisions of the Notes). Principal, premium, if any, and interest on the Notes shall be payable at the office or agency of the Issuer maintained for such purpose. Payments of interest, principal and other amounts on the Notes shall be made by wire transfer to such account as such Holder shall designate by written instruction received by the Indenture Trustee not later than five Business Days prior to the applicable Payment Date. Such payments shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. (b) If a Note is issued in exchange for any other Note during the period commencing after close of business at the office of the Note Registrar where such exchange occurs on any Record Date and ending before the opening of business at such office of the Note Registrar on the related Payment Date, no interest, principal or other amounts will be payable on such Payment Date in respect of such new Note, but will be payable on such Payment Date only in respect of the prior Note to the Person that is the registered Holder thereof at the close of business on the related Record Date. (c) The Issuer shall pay to the Indenture Trustee funds in an amount sufficient to pay in full all amounts of interest, principal, and if any, premium due on any Payment Date, redemption date, the Maturity Date, or otherwise prior to 1:00 p.m. Eastern time on such date. (d) The Indenture Trustee shall pay each Note in full as provided herein on the Maturity Date, in immediately available funds, no later than 3:00 p.m., New York City time, on the Maturity Date (to the extent such amounts are received from the Issuer in accordance with Section 2.08(c)). Such payment to the Holder of each Note shall be made on the Maturity Date of such Note and such Holder shall present the Note promptly thereafter. The Indenture Trustee is hereby directed to establish and maintain pursuant to the terms of this Section 2.08, a non-interest bearing trust account in the name of the Issuer (such account and any successor account, even if renumbered, the “Payment Account”). All payments to be made on the Notes to or by the Indenture Trustee pursuant to this Indenture shall, as applicable, be made i...

Payments on the Notes. (a) Subject to Section 2.11(b), the applicable Issuers agree to pay: (i) on each Payment Date prior to the Legal Final Payment Date for any Class of Notes, interest (but, in the case of payments of Post-ARD Additional Interest and Deferred Post-ARD Additional Interest in respect of such Class of Notes, only to the extent of the Available Amount allocated for such purpose pursuant to Section 2.11(b)) on and principal (but, in the case of payments of principal of such Class of Notes, only to the extent of the Available Amount allocated for such purpose pursuant to Section 2.11(b)) of such Class of Notes in the amounts and in accordance with the priorities set forth in Section 2.11(b); and (ii) on the Legal Final Payment Date for any Class of Notes, the entire applicable Class Principal Balance for such Class of Notes, together with all accrued and unpaid interest thereon (but, in the case of payments of Post-ARD Additional Interest and Deferred Post-ARD Additional Interest in respect of such Class of Notes, only to the extent of the Available Amount allocated for such purpose pursuant to Section 2.11(b)). Amounts properly withheld under the Code by any Person from a payment to any Holder of a Note of interest, principal or other amounts, or any such payment set aside on the Final Payment Date for such Note as provided in Section 2.11(b), shall be considered as having been paid by the applicable Issuers to such Noteholder for all purposes of this Indenture. (b) With respect to each Payment Date, any interest, principal and other amounts payable on the Notes shall be paid to each Person that is a registered holder thereof at the close of business on the related Record Date; provided, however, that interest, principal and other amounts payable at the Final Payment Date of any Note shall be payable only against surrender thereof at the Indenture Trustee’s Office or such other address as may be specified in the notice of final payment. Payments of interest, principal and other amounts on the Notes to be made pursuant to the terms of this Indenture shall be made on each Payment Date other than the Final Payment Date, subject to applicable laws and regulations, by wire transfer to such accounts as each such Noteholder shall designate by written instruction received by the Indenture Trustee not later than the Record Date related to such Payment Date or otherwise by check mailed on or before such Payment Date to the Person entitled thereto at such Person’s address ap...

Payments on the Notes. (a) (I) On each Payment Date, the Indenture Trustee shall withdraw from the Note Payment Account an amount equal to the Amount Available for such Payment Date and pay the following amounts, in the following order of priority: (i) (A) to the Indenture Trustee, the Indenture Trustee Fee for such Payment Date and any indemnities and reimbursements ( collectively, "amounts") (such amounts subject 41 to a cap of $100,000 per annum) due to the Indenture Trustee and (B) commencing on the 13th Payment Date, to the Owner Trustee, the Owner Trustee Fee for such Payment Date; (ii) the Monthly Backup Servicing Fee for such Payment Date to the Backup Servicer; (iii) concurrently, to each Class of Class A Notes, the related Interest Payment Amount for such Payment Date, pro rata based on the Interest Payment Amount each Class is entitled to receive, with any shortfall in the Amount Available being allocated pro rata on that basis; (iv) to the Holders of the Class M-1 Notes, an amount equal to the Interest Payment Amount due to the Class M-1 Notes on such Payment Date; (v) to the Holders of the Class M-2 Notes, an amount equal to the Interest Payment Amount due to the Class M-2 Notes on such Payment Date; (vi) to the Class A Notes, the Class A Principal Payment Amount for such Payment Date sequentially in the following order of priority: (A) to the Class A-1 Notes, until the Note Principal Balance of the Class A-1 Notes has been reduced to zero; (B) to the Class A-2 Notes, until the Note Principal Balance of the Class A-2 Notes has been reduced to zero; (C) to the Class A-3 Notes, until the Note Principal Balance of the Class A-3 Notes has been reduced to zero; and (D) to the Class A-4 Notes, until the Note Principal Balance of the Class A-4 Notes has been reduced to zero; (vii) to the Class M-1Notes, as follows: (A) the Class M-1 Liquidation Loss Interest Amount for such Payment Date; (B) the Class M-1 Principal Payment Amount for such Payment Date; (viii) to the Class M-2Notes, as follows: (A) the Class M-2 Liquidation Loss Interest Amount for such Payment Date; (B) the Class M-2 Principal Payment Amount for such Payment Date; (ix) to the Class A-4 Notes, the Class M-1 Notes and the Class M-2 Notes, in that order, the related Available Funds Cap Carry-Forward Amount for such Payment Date; (x) to the Indenture Trustee, any amounts incurred in excess of the amount set forth in clause (i) above, without regard to the annual cap on such amounts; (xi) to the Servicer and th...

Payments on the Notes. Payments on the Notes will not depend primarily on cash flow from self-liquidating financial assets within the meaning of Section 3(a)(79) of the Exchange Act.

Payments on the Notes. The Issuer shall make payments of principal of and interest on the Notes when due; provided that prior to the Maturity Date, interest shall accrue on the principal amount of the Notes until such time as the principal amount is paid off in accordance with the terms of this Agreement. Interest shall be compounded annually on each anniversary of the applicable issuance date for such Note and shall be added at such time to, and thereafter be a part of and treated as principal of the applicable Notes (regardless of whether evidenced by a Note) (“PIK Interest”) and shall be payable on the Maturity Date.

Payments on the Notes. The Company shall pay the principal of and interest and Liquidated Damages, if any, on the Notes on the dates and in the manner provided in the Notes. Principal, interest, Liquidated Damages, if any, Redemption Price, Purchase Price and Designated Event Repurchase Price, as applicable, shall be considered paid on the date due if the Trustee or Paying Agent (other than the Company or a subsidiary of the Company) holds as of 10:00 a.m., New York City time, on that date immediately available funds designated for and sufficient to pay all principal, interest, Liquidated Damages, if any, Redemption Price, Purchase Price or the Designated Event Repurchase Price then due. To the extent lawful, the Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on (i) overdue principal, at the rate borne by the Notes, compounded semiannually; and (ii) overdue installments of interest and Liquidated Damages, if any (without regard to any applicable grace period) at the same rate, compounded semiannually.

Payments on the Notes. Payments on the Notes that are to be made from amounts withdrawn from the Series [_]-[_] Accounts will be made on behalf of the Trust by the Note Paying Agent. No amounts withdrawn for payments on the Notes may be paid over to the Trust, except as stated in this Section 3.3.

Payments on the Notes. All payments of principal and interest on the Notes and any other payments due thereunder shall be made by the Company, without set-off, deduction or counterclaim, to each Purchaser (or its nominee) at such Purchaser's address and in accordance with the instructions set forth on such Purchaser's signature page attached hereto, or at such other address or by such other method as such Purchaser (or its nominee) or any transferee or successor holder of the Notes shall have designated to the Company in writing. All such payments shall be made in dollars and in immediately available funds not later than 3:00 p.m. Boston time, on the date such payment shall become due. Any payment received after such time on any Business Day shall be deemed to have been received on the next Business Day. If any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension.