Common use of Guaranty Xxxxxxxx Clause in Contracts

Guaranty Xxxxxxxx. Xx the extent necessary with respect to each Trust, the Guarantor unconditionally and irrevocably agrees to pay to the related Trust the following amounts to the extent not otherwise available from funds in the Certificate Accounts pursuant to Section 5.04: (i) for a Series on each Distribution Date, an amount equal to the Certificate Distribution Amount required to be distributed on such Distribution Date pursuant to Section 4.03; and (ii) for a Series on the Final Distribution Date for a Class of Certificates (other than an Interest Only Class), after giving effect to payments under clause (i) of this Section 5.05(a), the amount needed to reduce the Class Balance of such Class to zero on such Final Distribution Date. After the Guarantor is notified by the Trustee or applicable Paying Agent of the insufficiency of funds in the Certificate Accounts to cover all such amounts, the Guarantor will transfer any such amounts to cover the insufficiency to one or more Certificate Accounts or directly to the applicable Paying Agent in immediately available funds on or before the applicable Distribution Date for payment to each related Trust. The Guaranty is limited to payment of the amounts specified in this Section 5.05. Any Guaranty Payment paid to the Trust by the Guarantor pursuant to this Section 5.05 that constitutes a distribution of principal will be deemed to be part of the related Principal Distribution Amount for purposes of all future calculations of Class Factors.