Application of Credit Enhancement. If Available Investor Interest Collections for any Payment Date are insufficient to make the applications, payments and deposits required under Section 4.2(a), and if the Indenture Trustee has received the Monthly Investor Report by the related Determination Date, the Indenture Trustee (based on the information in the Monthly Investor Report) will, on or before that Payment Date, apply available funds from the following sources in the following order of priority:
(i) from Excess Interest Collections available from other Series in Excess Interest Sharing Group One, to cover shortfalls in the applications, payments and deposits under Sections 4.2(a)(i) through (xv) in that order;
(ii) from Available Depositor Interest Collections and Available Depositor Principal Collections (for Available Depositor Principal Collections, in an amount not exceeding the Available Subordinated Amount (before giving effect to Section 4.3) for that Payment Date), to cover shortfalls in the applications, payments and deposits required under Sections 4.2(a)(i) through (x) in that order. If the amount of Available Depositor Collections is insufficient to cover those shortfalls for Series 20 - , as well as any similar shortfalls for other Series, then Available Depositor Collections will be allocated to Series 20 - based on the ratio that the Available Subordinated Amount for Series 20 - has to the aggregate “Available Subordinated Amounts” for all Series having those shortfalls. If the amount of Available Depositor Collections exceeds the aggregate amount of those shortfalls for all Series, then the excess Available Depositor Collections will be applied to cover any unpaid Adjustment Payments;
(iii) from the Series 20 - Reserve Account Available Amount, to cover shortfalls in the applications, payments and deposits required under Sections 4.2(a)(i) through (vii) in that order; and
(iv) from the Reallocated Principal Collections for that Payment Date, to cover shortfalls in the payments required under Sections 4.2(a)(i) through (iv).
Application of Credit Enhancement. Upon the occurrence of any Event of Default involving the failure of Lessee to pay to Lessor any amount owed by Lessee to Lessor under the terms of any of the Lease Documents, Lessor shall be entitled, at its option, to use all or any portion of the Credit Enhancement, including interest thereon, then held by it to pay any amount otherwise payable by Lessee or the Guarantor under any of the Lease Documents, in accordance with the terms of this Lease or the other Lease Documents.
