Common use of Accounting and Directions by Trustee Clause in Contracts

Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the latest to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Class A-6 Certificate Termination Date and Class A-7 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Accounting and Directions by Trustee. (a) On the second Business Day prior to after each Distribution Determination Date occurring on or prior to the latest later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Class A-6 Certificate Termination Date and Class A-7 A-5 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such dateDetermination Date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, Date then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance PolicyI hereto. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such the Certificate Insurance Policy.

Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the latest to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Date and the Class A-6 Certificate Termination Date and Class A-7 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the latest to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Class A-6 Certificate Termination Date and Class A-7 A-6 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the latest later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Date and the Class A-6 Certificate Termination Date and Class A-7 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, Date then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Accounting and Directions by Trustee. On the second Business Day prior to each Distribution Date occurring on or prior to the latest to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Class A-6 Certificate Termination Date, Class A-7 Certificate Termination Date and the Class A-7 A-8 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, then no later than 12:00 noon on the second Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.

Accounting and Directions by Trustee. On the second third Business Day prior to each Distribution Date occurring on or prior to the latest later to occur of the Class A-1 Certificate Termination Date, Class A-2 Certificate Termination Date, Class A-3 Certificate Termination Date, Class A-4 Certificate Termination Date, Class A-5 Certificate Termination Date, Class A-6 Certificate Termination Date and Class A-7 A-4 Certificate Termination Date, the Trustee shall determine, no later than 12:00 noon New York time on such date, whether an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date. If the Trustee determines that an Insured Payment will be required to be made by the Certificate Insurer on the following Distribution Date, Date then no later than 12:00 noon on the second third Business Day immediately preceding the related Distribution Date the Trustee shall furnish the Certificate Insurer and the Depositor with a completed Notice in the form set forth as Exhibit A to the applicable Certificate Insurance Policy. The Notice shall specify the amount of Insured Payment and shall constitute a claim for an Insured Payment pursuant to such Certificate Insurance Policy.