Common use of Draw Mechanics Clause in Contracts

Draw Mechanics. Not fewer than two Business Days prior to the relevant Payment Date, in the case of a Draw described in Section 2.1, and on any Business Day, in the case of a Draw described in Section 2.2, the Issuer, by action of the Indenture Trustee or of the Administrator on behalf of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.5 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a "Draw Request") for funds in the amount of the shortfall described in Section 2.1 or the entire Undrawn Amount in the case of a Draw pursuant to Section 2.2. Any such Draw Request may be delivered by facsimile transmission and hard copy to: Toyota Motor Credit Corporation, (000) 000-0000, Attn: Treasury Department, Re: Toyota Auto Receivables 2003-B Owner Trust Revolving Liquidity Note Draw Request. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the following account: The Bank of New York ABA: 000-000-000 Acct No.: Acct Name: Toyota 2003-B Collection Account For further credit: TAS # Attn: Xxxx Xxxxx (000) 000-0000

Appears in 1 contract

Samples: Revolving Liquidity Note Agreement (Toyota Auto Finance Receivables LLC)

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Draw Mechanics. Not fewer than two Business Days prior to the relevant Payment Date, in the case of a Draw described in Section 2.1, and on any Business Day, in the case of a Draw described in Section 2.2, the Issuer, by action of the Indenture Trustee or of the Administrator on behalf of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.5 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a "Draw Request") for funds in the amount of the shortfall described in Section 2.1 or the entire Undrawn Amount in the case of a Draw pursuant to Section 2.2. Any such Draw Request may be delivered by facsimile transmission and hard copy to: Toyota Motor Credit Corporation, (000310) 000468-00005715, Attn: Treasury DepartmentVice President, Treasury, Re: Toyota Auto Receivables 2003Receivxxxxx 0000-B Owner X Xwner Trust Revolving Liquidity Note Draw Request. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the following account: The Bank of New York ABA: 000021-000-000 Acct No.018 Acct: 879331 Acct Name: Toyota 20032002-B Collection Account For further credit: TAS # 879331 Attn: Xxxx Xxxxx John Bobko (000212) 000328-00007553

Appears in 1 contract

Samples: Revolving Liquidity Note Agreement (Toyota Motor Credit Corp)

Draw Mechanics. Not fewer than two Business Days prior to the relevant Payment Date, in the case of a Draw described in Section 2.1, and on any Business Day, in the case of a Draw described in Section 2.2, the Issuer, by action of the Indenture Trustee or of the Administrator on behalf of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.5 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a "Draw Request") for funds in the amount of the shortfall described in Section 2.1 or the entire Undrawn Amount in the case of a Draw pursuant to Section 2.2. Any such Draw Request may be delivered by facsimile transmission and hard copy to: Toyota Motor Credit Corporation, (000) 000-0000, Attn: Treasury DepartmentVice President, Treasury, Re: Toyota Auto Receivables 20032002-B C Owner Trust Revolving Liquidity Note Draw Request. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the following account: The Bank of New York ABA: 000-000-000 Acct No.: 879351 Acct Name: Toyota 20032002-B C Collection Account For further credit: TAS XXX # 000000 Attn: Xxxx Xxxxx (000) 000-0000

Appears in 1 contract

Samples: Revolving Liquidity Note Agreement (Toyota Auto Finance Receivables LLC)

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Draw Mechanics. Not fewer than two Business Days prior to the relevant Payment Date, in the case of a Draw described in Section 2.1, and on any Business Day, in the case of a Draw described in Section 2.2, the Issuer, by action of the Indenture Trustee or of the Administrator on behalf of the Indenture Trustee (following the assignment of this Agreement to the Indenture Trustee pursuant to Section 2.5 and until the Indenture terminates in accordance with its provisions), may deliver a written request (each such request, a "Draw Request") for funds in the amount of the shortfall described in Section 2.1 or the entire Undrawn Amount in the case of a Draw pursuant to Section 2.2. Any such Draw Request may be delivered by facsimile transmission and hard copy to: Toyota Motor Credit Corporation, (000) 000-0000, Attn: Treasury DepartmentVice President, Treasury, Re: Toyota Auto Receivables 20032001-B C Owner Trust Revolving Liquidity Note Draw Request. Not later than 2:00 p.m. on the Business Day following delivery of any Draw Request, the Holder will fund the indicated draw by wire transfer of immediately available funds to the following account: The U.S. Bank of New York ABANational Association ABA No.:000000000 BFN: 000-000-000 Acct No.U.S. Bank Trust A/C:180121167365 For further credit to: Acct Name47300425 Attn: Toyota 2003Auto Rec Tr 2001-B Collection Account For further credit: TAS # Attn: Xxxx Xxxxx (000) 000-0000C #77093141

Appears in 1 contract

Samples: Revolving Liquidity Note Agreement (Toyota Motor Credit Corp)

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