Common use of Scheduled Principal Payments Clause in Contracts

Scheduled Principal Payments. Series 2012-1 Class A-2 Scheduled Principal Payments will be due and payable on each Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Monthly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 2012-1 Class A 2 Scheduled Principal Payment in excess of such amounts will not be an Event of Default.

Scheduled Principal Payments. Series 20122011-1 Class A-2 Scheduled Principal Payments will be due and payable on each Quarterly any applicable Payment Date, as and when amounts are made available for payment thereof (i) on any related Monthly Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 5.14 of the Base Indenture, in the amount so available, and failure to pay any Series 20122011-1 Class A 2 A-2 Scheduled Principal Payment in excess of such amounts will not be an Event of Default.

Scheduled Principal Payments. Series 20122013-1 Class A-2 Scheduled Principal Payments will be due and payable on each Quarterly Payment Date, as and when amounts are made available for payment thereof (i) on any related Monthly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 20122013-1 Class A 2 Scheduled Principal Payment in excess of such amounts will not be an Event of Default.