Common use of AVAILABLE AMOUNTS Clause in Contracts

AVAILABLE AMOUNTS. For the purpose of Condition 5(f) the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred in their relevant Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 by Xxxxx'x or whose short term unsecured and unguaranteed debt securities are rated A-1 by S&P and P-1 by Xxxxx'x to provide sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Trust Manager has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification.

AVAILABLE AMOUNTS. For the purpose of Condition 5(f) 5 of each Class of Offshore Notes, the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in their relevant those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 S&P, Aa3 by Xxxxx'x or AA- by Fitch Ratings or whose short term unsecured and unguaranteed debt securities are rated A-1 A-1+ by S&P and S&P, P-1 by Xxxxx'x or F1+ by Fitch Ratings, to provide sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Trust Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification.

AVAILABLE AMOUNTS. For the purpose of Condition 5(f) 5 of each Class of Offshore Notes, the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in their relevant those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 S&P, Aa3 by Xxxxx'x Moody's or AA- by Fitch Ratings or whose short term unsecured terx xxxxxured and unguaranteed debt securities are rated A-1 A-1+ by S&P and S&P, P-1 by Xxxxx'x Moody's or F1+ by Fitch Ratings, to provide sufficient cash sufficxxxx xxsh on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Trust Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification.. -------------------------------------------------------------------------------- Page 19 + Note Trust Deed Allens Arthur Robinsxx --------------------------------------------------------------------------------

AVAILABLE AMOUNTS. For the purpose of Condition 5(fConditions 5(i) and 5(j) the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred to in their relevant those Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 or AA- by Xxxxx'x Fitch IBCA or whose short term unsecured and unguaranteed debt securities are rated A-1 A-1+ by S&P or F1+ by Fitch IBCA, provided that in both cases its short term unsecured and unguaranteed debt securities are ranked P-1 by Xxxxx'x Xxxxx'x, to provide sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Trust Manager or the Trustee has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification.

AVAILABLE AMOUNTS. For the purpose of Condition 5(f) the Note Trustee shall not be satisfied that the Trustee will be in a position to discharge the liabilities referred in their relevant Conditions unless, either: (a) the Trustee will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after -------------------------------------------------------------------------------- Page 16 Note Trust Xxxx Xxxxxx Xxxxxx Xxxxxxxx -------------------------------------------------------------------------------- making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust Deed; or (b) the Trustee has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 Aa3 by Xxxxx'x Moody's or whose short term unsecured and unguaranteed debt securities are rated A-1 by S&P and P-1 by Xxxxx'x Moody's to provide sufficient cash on or before the relevant Payment Date to enable the Trustee to discharge the relevant liabilities, and in each circumstance the Trust Manager has certified to the Note Trustee that the requirements of clause 7.4(a) or (b) have been met and the Note Trustee shall be entitled to rely on such certification.

AVAILABLE AMOUNTS. For the purpose of Condition 5(fConditions 5(i) and 5(j) the Note Trustee shall not be satisfied that the Trustee Issuer will be in a position to discharge the liabilities referred to in their relevant those Conditions unless, either: (a) the Trustee Issuer will have available to it sufficient cash in the Collection Account and sufficient Authorised Investments which will mature on or before the relevant Payment Date after making any other payments or provisions having priority in order of application under the applicable provisions of the Security Trust DeedSupplementary Bond Terms Notice; or (b) the Trustee Issuer has entered into a legally binding contract with an entity either whose long term unsecured and unguaranteed debt is rated AA- by S&P and Aa2 by Xxxxx'x or whose short term unsecured and unguaranteed debt securities are rated A-1 A-1+ by S&P S&P, provided that in both cases its short term unsecured and unguaranteed debt securities are ranked P-1 by Xxxxx'x Moody's and F1 by Fitch Ratings, to provide sufficient cash on or before the relevant Payment Date to enable the Trustee Issuer to discharge the relevant liabilities, and in each circumstance the Trust Manager has certified to the Note Trustee that the requirements of clause 7.4(a) or (b7.4(b) have been met and the Note Trustee shall be entitled to rely on such certification.