Interest Demands. If Borrower Available Funds for any Payment Date and the Maturity Date are insufficient to pay Interest Distribution Amounts that are due and payable on such Payment Date in respect of Component 1 or Component 2 (after giving effect to any amounts transferred from the Reserve Account to the Collection Account), the Agent shall prior to 12:00 p.m. (New York City time) on the third Business Day prior to such Payment Date, issue a Guarantee Demand Request, as provided by the Borrower (or the Servicer on behalf of the Borrower), to the Guarantor pursuant to the procedures set forth in Sections 9.1 and 9.2 of the Guarantee Issuance Agreement in an amount equal to the Guaranteed Amounts entitled to be demanded thereunder as a result of such insufficiency. Such demands will request that Guaranteed Amounts be remitted to the Guarantor Payment Account for the benefit of the Lender. To the extent the Agent receives the proceeds of such request from the Guarantor, the Agent shall remit such amounts directly to the Guarantor Payment Account.
