Common use of Application of Reserve Fund Clause in Contracts

Application of Reserve Fund. (a) If Investor Non-Principal Collections and Investment Proceeds on any Distribution Date (plus the amount of any Servicer Advance for such Distribution Date) are not sufficient to make the entire distributions required on such Distribution Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions pursuant to Section 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii) in the numerical order thereof. (b) On the Termination Date, any funds in the Reserve Fund shall be treated as Available Investor Principal Collections. Upon payment in full of the outstanding principal balance of the Series 2000-1 Certificates, any funds remaining on deposit in the Reserve Fund shall be paid to the Seller.

Application of Reserve Fund. (a) If Investor Non-Non- Principal Collections and Investment Proceeds on any Distribution Payment Date (plus the amount of any Servicer Advance for such Distribution Payment Date) are not sufficient to make the entire distributions payments required on such Distribution Payment Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions payments pursuant to Section 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii) in the numerical order thereof. (b) On the Termination Date, any funds in the Reserve Fund shall be treated as Available Investor Principal Collections. Upon payment in full of the outstanding principal balance of the Series 20002003-1 2 Certificates, any funds remaining on deposit in the Reserve Fund shall be paid to the SellerTransferor.

Application of Reserve Fund. (a) If Investor Non-Principal Collections and Investment Proceeds on any Distribution Date (plus the amount of any Servicer Advance for such Distribution Date) are not sufficient to make the entire distributions required on such Distribution Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions pursuant to Section 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii) in the numerical order thereof. (b) On the Termination Date, any funds in the Reserve Fund shall be treated as Available Investor Principal Collections. Upon payment in full of the outstanding principal balance of the Series 2000-1 [ ] Certificates, any funds remaining on deposit in the Reserve Fund shall be paid to the Seller.

Application of Reserve Fund. (a) If Investor Non-Non- Principal Collections and Investment Proceeds on any Distribution Payment Date (plus the amount of any Servicer Advance for such Distribution Payment Date) are not sufficient to make the entire distributions payments required on such Distribution Payment Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions payments pursuant to Section 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii) in the numerical order thereof. (b) On the Termination Date, any funds in the Reserve Fund shall be treated as Available Investor Principal Collections. Upon payment in full of the outstanding principal balance of the Series 20002003-1 Certificates, any funds remaining on deposit in the Reserve Fund shall be paid to the SellerTransferor.

Application of Reserve Fund. (a) If Investor Non-Principal Collections and Investment Proceeds on any Distribution Date (plus the amount of any Servicer Advance for such Distribution Date) are not sufficient to make the entire distributions required on such Distribution Date by Sections 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii), the Servicer shall direct the Trustee to withdraw (and the Trustee shall withdraw) funds from the Reserve Fund to the extent available therein, and apply such funds to complete the distributions pursuant to Section 4.6(a)(i), (ii), (iii), (iv), (vi) and (viii) in the numerical order thereof. (b) On the Termination Date, any funds in the Reserve Fund shall be treated as Available Investor Principal Collections. Upon payment in full of the outstanding principal balance of the Series 2000-1 2 Certificates, any funds remaining on deposit in the Reserve Fund shall be paid to the Seller.