Common use of Allocations of Collections During the Series 2004-1 Rapid Amortization Period Clause in Contracts

Allocations of Collections During the Series 2004-1 Rapid Amortization Period. During the Series 2004-1 Rapid Amortization Period, the Administrator will direct the Trustee in writing pursuant to the Administration Agreement, prior to 1:00 p.m. (New York City time) on any Series 2004-1 Deposit Date, to apply all amounts deposited into the Collection Account as set forth below: (i) deposit into the Series 2004-1 Collection Account an amount determined as set forth in Section 2.02(a)(i) above for such day, which amount shall be thereafter deposited into the Series 2004-1 Accrued Interest Account; and (ii) deposit into the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Principal Allocation for such day, which amount shall be used to make principal payments (I) on a pro rata basis in respect of the Series 2004-1 Notes until the Series 2004-1 Notes have been paid in full; and (II) once the Series 2004-1 Notes have been paid in full, to Ford, all unpaid Ford Reimbursement Obligations until Ford has been paid in full, provided that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2004-1 Notes, any amounts payable to the Trustee in respect of any Series 2004-1 Interest Rate Xxxxxx and other amounts available pursuant to Section 2.03 of this Series Supplement to pay Series 2004-1 Adjusted Monthly Interest on the next succeeding Payment Date will be less than the sum of the Series 2004-1 Adjusted Monthly Interest and any Fixed Rate Payments for such Payment Date and (B) the Series 2004-1 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to withdraw from the Series 2004-1 Collection Account a portion of the Principal Collections allocated to the Series 2004-1 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2004-1 Enhancement Amount and deposit such amount into the Series 2004-1 Accrued Interest Account to be treated as Interest Collections on such Payment Date.

Allocations of Collections During the Series 2004-1 Rapid Amortization Period. During With respect to the Series 2004-1 Rapid Amortization Period, other than after the occurrence of an Event of Bankruptcy with respect to ABCR, any other Lessee or any Permitted Sublessee, the Administrator will direct the Trustee in writing pursuant to the Administration AgreementAgreement to allocate, prior to 1:00 p.m. 11:00 a.m. (New York City time) on any Series 2004-1 Deposit Date, to apply all amounts deposited into the Collection Account as set forth below: (i) deposit into allocate to the Series 2004-1 Collection Account an amount determined as set forth in Section 2.02(a)(i3.2(a)(i) above for such day, which amount shall be thereafter deposited into further allocated to the Series 2004-1 Accrued Interest Account; and (ii) deposit into allocate to the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Principal Allocation for such day, which amount shall be used to make principal payments (I) on a pro rata basis each Distribution Date in respect of the Series 2004-1 Notes Notes, ratably, without preference or priority of any kind, until the Series 2004-1 Notes have been Invested Amount is paid in full; and (II) once the Series 2004-1 Notes have been paid in full, to Ford, all unpaid Ford Reimbursement Obligations until Ford has been paid in full, provided that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2004-1 Notes, any amounts payable to received by the Trustee on such day in respect of any the Series 2004-1 Interest Rate Xxxxxx and other amounts available pursuant to Section 2.03 of this Series Supplement 3.3 to pay Series 2004-1 Adjusted Monthly Interest Interest, any Fixed Rate Payments and the Commitment Fees on the next succeeding Payment Distribution Date will be less than the sum of the Series 2004-1 Adjusted Monthly Interest and Interest, any Fixed Rate Payments and the Commitment Fees for such Payment Distribution Date and (B) the Series 2004-1 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to withdraw from the Series 2004-1 Collection Account reallocate a portion of the Principal Collections allocated to the Series 2004-1 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2004-1 Enhancement Amount and deposit such amount into to the Series 2004-1 Accrued Interest Account to be treated as Interest Collections on such Payment Distribution Date.

Allocations of Collections During the Series 2004-1 Rapid Amortization Period. During With respect to the Series 2004-1 Rapid Amortization Period, other than after the Administrator occurrence of an Event of Bankruptcy with respect to CCRG, any other Lessee or any Permitted Sublessee, the Adminis-trator will direct the Trustee in writing pursuant to the Administration AgreementAgree-ment to allocate, prior to 1:00 p.m. 11:00 a.m. (New York City time) on any Series 2004-1 Deposit Date, to apply all amounts deposited into the Collection Account as set forth below: (i) deposit into allocate to the Series 2004-1 Collection Account an amount determined deter-mined as set forth in Section 2.02(a)(i3.2(a)(i) above for such day, which amount shall be thereafter deposited into further allocated to the Series 2004-1 Accrued Interest Account; and (ii) deposit into allocate to the Series 2004-1 Collection Account an amount equal to the Series 2004-1 Principal Princi-pal Allocation for such day, which amount shall be used to make principal payments (I) on a pro rata basis each Distribution Date in respect of the Series 2004-1 Notes Notes, ratably, without preference or priority of any kind, until the Series 2004-1 Notes have been Invested Amount is paid in full; and (II) once the Series 2004-1 Notes have been paid in full, to Ford, all unpaid Ford Reimbursement Obligations until Ford has been paid in full, provided that if on any Determination Date (A) the Administrator determines that the amount anticipated to be available from Interest Collections allocable to the Series 2004-1 Notes, any amounts payable to received by the Trustee on such day in respect of any the Series 2004-1 Interest Rate Xxxxxx and other amounts available pursuant to Section 2.03 of this Series Supplement 3.3 to pay Series 2004-1 Adjusted Monthly Interest Interest, any Fixed Rate Payments and the Commitment Fees on the next succeeding Payment Distribution Date will be less than the sum of the Series 2004-1 Adjusted Monthly Interest and Interest, any Fixed Rate Payments and the Commitment Fees for such Payment Distribution Date and (B) the Series 2004-1 Enhancement Amount is greater than zero, then the Administrator shall direct the Trustee in writing to withdraw from the Series 2004-1 Collection Account reallocate a portion of the Principal Collections allocated to the Series 2004-1 Notes during the Related Month equal to the lesser of such insufficiency and the Series 2004-1 Enhancement Amount and deposit such amount into to the Series 2004-1 Accrued Interest Account to be treated as Interest Collections on such Payment Distribution Date.