Common use of Distributions Following Early Redemption or Termination Clause in Contracts

Distributions Following Early Redemption or Termination. No later ------------------------------------------------------- than the second Business Day before the Payment Date on which an early redemption or termination pursuant to Section 11.02(a) or 11.02(b) is to occur, the Indenture Trustee shall withdraw from the Note Payment Account all amounts required to be deposited in the Certificate Distribution Account with respect to the preceding Due Period pursuant to Section 5.01(e) and remit such amount to the Owner Trustee or the Co-Owner Trustee for deposit into the Certificate Distribution Account. On such Payment Date, the Owner Trustee or the Co-Owner Trustee shall distribute all amounts on deposit in the Certificate Distribution Account to the Certificateholder in respect of the Residual Interest Certificate to the extent of amounts due and unpaid on the Residual Interest Certificate for principal and interest and to the other parties specified below the following amounts:

Distributions Following Early Redemption or Termination. No later ------------------------------------------------------- than the second Business Day before the Payment Date on which an early redemption or termination pursuant to Section 11.02(a) or 11.02(b) is to occur, the Indenture Trustee shall withdraw from the Note Payment Account all amounts required to be deposited in the Certificate Distribution Account with respect to the preceding Due Period pursuant to Section 5.01(e) and remit such amount to the Owner Trustee or the Co-Owner Trustee for deposit into the Certificate Distribution Account. On such Payment Date, the Owner Trustee or the Co-Owner Trustee shall distribute all amounts on deposit in the Certificate Distribution Account to the Certificateholder Certificateholders in respect of the Residual Interest Certificate Certificates to the extent of amounts due and unpaid on the Residual Interest Certificate Certificates for principal and interest and to the other parties specified below the following amounts: