Common use of Automatic Adjustments Clause in Contracts

Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C-II Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C-II I Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C-II B Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C-II A Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1) reduced as a result of a reduction in the Pool Balance of the Class C-II Certificates or otherwise, (2) increased as a result of an increase in the Stated Interest Rate or (3) subsequent to such an increase described in clause (2), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, as a result of a reduction or increase, respectively, in the Pool Balance of the Class A Certificates or otherwise, the Commitment shall automatically be reduced or increased to an amount equal to determined in accordance with the Stated Portion following formula (provided that the Commitment shall in no event exceed the Initial Commitment): the product of (x) 1.5, multiplied by, (y) the Capped Interest Rate, multiplied by (z) the Pool Balance of the Required Amount Class A Certificates (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase of the Maximum Commitment to the Liquidity Provider within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1i) reduced as a result of a reduction in the Pool Balance of the Class C-II B Certificates or otherwise, (2ii) increased as a result of an increase in the Stated Interest Rate Rate, or (3iii) subsequent to such an increase described in clause (2ii), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase adjustment of the Maximum Commitment to the Liquidity Provider (with a copy to Amtran) within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.

Automatic Adjustments. Promptly following each date on which the Required Amount is (1i) reduced as a result of a reduction in the Pool Balance of the Class C-II A Certificates or otherwise, (2ii) increased as a result of an increase in the Stated Interest Rate Rate, or (3iii) subsequent to such an increase described in clause (2ii), reduced pursuant to the definition of "Stated Interest Rate", clause (y) of the definition of Maximum Commitment shall automatically be reduced or increased, as the case may be, to an amount equal to the Stated Portion of the Required Amount (as calculated by the Borrower). The Borrower shall give notice of any such automatic reduction or increase adjustment of the Maximum Commitment to the Liquidity Provider (with a copy to Amtran) within two Business Days thereof. The failure by the Borrower to furnish any such notice shall not affect such automatic reduction or increase of the Maximum Commitment.