Common use of Additional Pay Out Event Clause in Contracts

Additional Pay Out Event. The occurrence of the following event (as determined by the Servicer on any Determination Date) shall, immediately on such Determination Date without notice or other action on the part of the Trustee or the Series 1997-1 Certificateholders, be deemed to be a Pay Out Event solely with respect to Series 1997-1: the average of the Portfolio Yields for any three consecutive Monthly Periods is less than the average of the Base Rates for such Monthly Periods.

Additional Pay Out Event. The occurrence of the following event (as determined by the Servicer on any Determination Date) shall, immediately on such Determination Date without notice or other action on the part of the Trustee or the Series 1997-1 Certificateholders4 Certificat eholders, be deemed to be a Pay Out Event solely with respect to Series 1997-14: the average of the Portfolio Yields for any three consecutive Monthly Periods is less than the average of the Base Rates for such Monthly Periods.

Additional Pay Out Event. The occurrence of the following event (as determined by the Servicer on any Determination Date) shall, immediately on such Determination Date without notice or other action on the part of the Trustee or the Series 1997-1 2 Certificateholders, be deemed to be a Pay Out Event solely with respect to Series 1997-12: the average of the Portfolio Yields for any three consecutive Monthly Periods is less than the average of the Base Rates for such Monthly Periods.

Additional Pay Out Event. The occurrence of the following event (as determined by the Servicer on any Determination Date) shall, immediately on such Determination Date without notice or other action on the part of the Trustee or the Series 1997-1 3 Certificateholders, be deemed to be a Pay Out Event solely with respect to Series 1997-13: the average of the Portfolio Yields for any three consecutive Monthly Periods is less than the average of the Base Rates for such Monthly Periods.