Common use of GIFC Clause in Contracts

GIFC. Pursuant to any GIFC provided for in the applicable Terms Supplement, the Administrator shall deposit principal, interest or any other amounts it receives on the related Assets that are not yet distributable to Holders into an account applicable to that Pass-Through Pool. Pending payment to Holders, the Administrator may withdraw and invest those funds pursuant to the GIFC, guaranteeing the investment proceeds to the Pass-Through Pool. The Administrator shall return the funds and the guaranteed investment proceeds to the account on or before the applicable Payment Date. The Administrator shall retain from the guaranteed investment proceeds any funds that exceed payments on the related Pass-Through Certificates as an administration fee.

GIFC. Pursuant to any GIFC provided for in the applicable Terms Supplement, the Administrator Admin- istrator shall deposit principal, interest or any other amounts it receives on the related Assets that are not yet distributable to Holders into an account applicable to that Pass-Through Pool. Pending payment to Holders, the Administrator may withdraw and invest those funds pursuant to the GIFC, guaranteeing the investment proceeds to the Pass-Through Pool. The Administrator shall return the funds and the guaranteed investment proceeds to the account on or before the applicable Payment Date. The Administrator shall retain from the guaranteed investment proceeds any funds that exceed payments on the related Pass-Through Certificates as an administration fee.