Common use of Final Policy Drawing Clause in Contracts

Final Policy Drawing. If on the applicable Final Legal Distribution Date of the Class G Certificates after giving effect to the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on such Class of Certificates then, prior to 1:00 p.m. (New York City time) on such date the Subordination Agent shall: (i) deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on such Class of Certificates, and (ii) shall pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date.

Final Policy Drawing. If on the applicable Final Legal Distribution Date of the Class G Certificates after giving effect to the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as at of such date but excluding any accrued and unpaid premium) on such the Class of G Certificates then, then the Subordination Agent shall (i) prior to 1:00 p.m. (New York City time) on such date the Subordination Agent shall: (i) deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as at of such date but excluding any accrued and unpaid premium) on such the Class of G 47 51 Certificates, and (ii) shall upon receipt pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date.

Final Policy Drawing. If on the applicable Final Legal Distribution Date of the Class G Certificates after giving effect to the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as at of such date but excluding any accrued and unpaid premium) on such the Class of G Certificates then, then the Subordination Agent shall (i) prior to 1:00 p.m. (New York City time) on such date the Subordination Agent shall: (i) deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as at of such date but excluding any accrued and unpaid premium) on such the Class of G Certificates, and (ii) shall upon receipt pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date.