Common use of Deficiency Notice Clause in Contracts

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Date pursuant to clauses (i) through (v) of Section 5.6(b) (such deficiency being a "Deficiency Claim Amount"), then on the Deficiency Claim Date immediately preceding such Payment Date, the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Insurer, the Owner Trustee, the Servicer and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), specifying the Deficiency Claim Amount for such Payment Date. (b) Any Deficiency Notice shall be delivered by 10:00 am, New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Distribution Date pursuant to clauses (i) through (v) of Section 5.6(b) (such deficiency being a "Deficiency Claim Amount"), ) then on the Deficiency Claim Date immediately preceding such Payment Date, Distribution Date the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Security Insurer, the Owner Trustee, the Servicer Insurer's Agent and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), ) specifying the Deficiency Claim Amount for such Payment Distribution Date. (b) Any Deficiency Notice shall be delivered by 10:00 am., New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Date pursuant to clauses (i) through (v) of Section 5.6(b5.6(a) (such deficiency being a "Deficiency Claim Amount"), then on the Deficiency Claim Date immediately preceding such Payment Date, the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Insurer, the Owner Trustee, the Servicer and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), specifying the Deficiency Claim Amount for such Payment Date. (b) Any Deficiency Notice shall be delivered by 10:00 am, New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Date pursuant to clauses (i) through (v) of Section 5.6(b) (such deficiency being a "Deficiency Claim Amount"), then on the Deficiency Claim Date immediately preceding such Payment Date, the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Insurer, the Owner Trustee, the Servicer and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), specifying the Deficiency Claim Amount for such Payment Date. (b) Any Deficiency Notice shall be delivered by 10:00 am, New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Date pursuant to clauses (i) through (v) of Section 5.6(b5.6(a) (such deficiency being a "Deficiency Claim Amount"), then on the Deficiency Claim Date immediately preceding such Payment Date, the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Insurer, the Owner Trustee, the Servicer and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), specifying the Deficiency Claim Amount for such Payment Date. (b) Any Deficiency Notice shall be delivered by 10:00 am, New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.

Deficiency Notice. (a) In the event that the Servicer's ----------------- Certificate with respect to any Determination Date shall state that the amount of the Available Funds with respect to such Determination Date is less than the sum of the amounts payable on the related Payment Distribution Date pursuant to clauses (i) through (v) of Section 5.6(b) (such deficiency being a "Deficiency Claim Amount"), ) then on the Deficiency Claim Date immediately preceding such Payment Distribution Date, the Indenture Trustee shall deliver to the Indenture Collateral Agent, the Security Insurer, the Owner Trustee, the Servicer Trustee and the Backup Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice"), ) specifying the Deficiency Claim Amount for such Payment Distribution Date. (b) Any Deficiency Notice shall be delivered by 10:00 am., New York City time, on the related Deficiency Claim Date. The amounts distributed to the Indenture Trustee pursuant to a Deficiency Notice shall be deposited by the Indenture Trustee into the Collection Account pursuant to Section 5.5.