Common use of Demand on Surety Bond Clause in Contracts

Demand on Surety Bond. If after giving effect to the deposit into the Series 2005-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and all other amounts described in clauses (i), (ii) and (iii) of this Section 2.5(c), the amount to be deposited in the Series 2005-2 Distribution Account with respect to such Series 2005-2 Final Distribution Date is or will be less than the Series 2005-2 Outstanding Principal Amount, then the Trustee shall make a demand on the Surety Bond by 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date in an amount equal to such insufficiency in accordance with the terms thereof and shall cause the proceeds thereof to be deposited in the Series 2005-2 Distribution Account.

Demand on Surety Bond. If after giving effect to the deposit into the Series 2005-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and all other amounts described in clauses (i), (ii) and (iii) of this Section 2.5(c), the amount to be deposited in the Series 2005-2 Distribution Account with respect to such the Series 2005-2 Final Distribution Date is or will be less than the Series 2005-2 Outstanding Principal Amount, Amount then the Trustee shall make a demand on the Surety Bond by 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date in an amount equal to such insufficiency in accordance with the terms thereof and shall cause the proceeds thereof to be deposited in the Series 2005-2 Distribution Account.2

Demand on Surety Bond. If after giving effect to the deposit into the Series 20052006-2 1 Distribution Account of the amount to be deposited in accordance accor­dance with Section 2.5(a) and all other amounts described in clauses (i), (ii) and (iii) of this Section 2.5(c), the amount to be deposited in the Series 20052006-2 1 Distribution Account with respect to such the Series 20052006-2 1 Final Distribution Date is or will be less than the Series 20052006-2 1 Outstanding Principal Amount, then the Trustee shall make a demand on the Surety Bond by 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date in an amount equal to such insufficiency in accordance with the terms thereof and shall cause the proceeds thereof to be deposited in the Series 20052006-2 1 Distribution Account.

Demand on Surety Bond. If after giving effect to the deposit into the Series 20052007-2 Distribution Account of the amount to be deposited in accordance with Section 2.5(a) and all other amounts described in clauses (i), (ii) and (iii) of this Section 2.5(c), the amount to be deposited in the Series 20052007-2 Distribution Account with respect to such the Series 20052007-2 Final Distribution Date is or will be less than the Series 20052007-2 Outstanding Principal Amount, Amount then the Trustee shall make a demand on the Surety Bond by 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date in an amount equal to such insufficiency in accordance with the terms thereof and shall cause the proceeds thereof to be deposited in the Series 20052007-2 Distribution Account.