Common use of Default by One or More of the Underwriters Clause in Contracts

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “Defaulted Securities”"DEFAULTED SECURITIES"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date Time to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “Defaulted SecuritiesNotes”), then such of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters you have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more ------------------------------------------ of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Class A Notes shall fail at the Closing Date Time to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Notes"), then such of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail fails at the Closing Date Time to purchase the Publicly Offered Notes which it is or they are obligated to purchase hereunder under this Agreement (the “Defaulted SecuritiesNotes”), then the non-defaulting Underwriters shall will have the right, within 24 hours thereafter, to make arrangements for one or more of such non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, ; provided however, the that if such non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or ------------------------------------------ more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering offer and sale of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Notes"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or ------------------------------------------ more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then -------------------- the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “Defaulted SecuritiesNotes”), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail fails at the Closing Date Time to purchase the Publicly Offered Notes which it is or they are obligated to purchase hereunder under this Agreement (the “Defaulted SecuritiesNotes”), then the non-defaulting Underwriters shall will have the right, within 24 hours thereafter, to make arrangements for one or more of such non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If; provided, however, the that if such non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 1998-1 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 1998-1 Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes Securities shall fail at the Closing Date to purchase the Publicly Offered Notes Securities which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2003-2 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2003-2 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of ------------------------------------------ the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or ------------------------------------------ more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter -------------------- shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date Time to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Notes"), then such of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters you have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes Certificates shall fail at the Closing Date to purchase the Publicly Offered Notes Certificates which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Notes"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the non-defaulting Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2003-1 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2003-1 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2005-3 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2005-3 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2005-1 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2005-1 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “Defaulted Securities”"DEFAULTED SECURITIES"), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Underwritten Notes shall fail at the Closing Date to purchase the Publicly Offered Underwritten Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2004-1 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2004-1 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Series 2005-2 Notes shall fail at the Closing Date to purchase the Publicly Offered Series 2005-2 Notes which it is obligated to purchase hereunder (the “Defaulted Securities”), then the non-defaulting Underwriters Underwriter(s) shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter(s) have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Underwritten Notes shall fail at the Closing Date to purchase the Publicly Offered Underwritten Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Notes"), then the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Notes in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more ------------------------------------------ of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date to purchase the Publicly Offered Notes which it is obligated to purchase hereunder (the “"Defaulted Securities”"), then the non-defaulting Underwriters Underwriter -------------------- shall have the right, within 24 hours thereafter, to make arrangements to purchase all, but not less than all, of the Defaulted Securities in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters Underwriter have not completed such arrangements within such 24-hour period, then:

Default by One or More of the Underwriters. If one or more of the Underwriters participating in the public offering of the Publicly Offered Notes shall fail at the Closing Date Time to purchase the Publicly Offered Notes which it is (or they are) obligated to purchase hereunder (the “"Defaulted Securities”Certificates"), then such of the non-defaulting Underwriters shall have the right, within 24 hours thereafter, to make arrangements for one or more of the non-defaulting Underwriters, or any other underwriters, to purchase all, but not less than all, of the Defaulted Securities Certificates in such amounts as may be agreed upon and upon the terms herein set forth. If, however, the Underwriters have not completed such arrangements within such 24-hour period, then: