Common use of Interest Drawings Clause in Contracts

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application of available funds in accordance with the priorities specified in Section 2.4 and Article III, and taking into account the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of such interest and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interest, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpayment, 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application subordination provisions of available funds in accordance with the priorities specified in Section 2.4 this Agreement and Article III, and taking into account to the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of such interest and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interestPrior Funds, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or at the Stated Interest Rate on the Pool Balance of the Class G Certificates and, without duplication, accrued and unpaid interest on any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, then the Subordination Agent (i) prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) Date shall deliver a Notice of Nonpaymentfor Payment, as provided in the Policy 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application subordination provisions of available funds in accordance with the priorities specified in Section 2.4 this Agreement and Article III, and taking into account to the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of such interest and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interestPrior Funds, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or and, without duplication, accrued and unpaid interest at the Stated Interest Rate for the Class G Certificates on any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on the Pool Balance of the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpaymentfor Payment, as provided in the Policy 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application subordination provisions of available funds in accordance with the priorities specified in Section 2.4 this Agreement and Article III, and taking into account to the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of such interest and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interestPrior Funds, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or and, without duplication, accrued and unpaid interest at the Stated Interest Rate for the Class G Certificates on any Deposit relating to the Class G Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on the Pool Balance of the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpaymentfor Payment, as provided in the Policy 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the subordination provisions of this Agreement and to the application of available funds in accordance with the priorities specified in Section 2.4 2.04 and Article III, and taking into account the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Primary Liquidity Facility in respect of Accrued Class G Interest due on such interest Distribution Date and any withdrawal of funds from the Class G Primary Cash Collateral Account and the Above-Cap Account in respect of such interestAccrued Class G Interest on such Distribution Date, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpayment, 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application of available funds in accordance with the priorities specified in Section 2.4 and Article III, and taking into account the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of such interest and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interest, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpayment, 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the subordination provisions of this Agreement and to the application of available funds in accordance with the priorities specified in Section 2.4 2.04 and Article III, and taking into account the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of Accrued Class G Interest due on such interest Distribution Date and any withdrawal of funds from the Class G Cash Collateral Account in respect of Accrued Class G Interest due on such interestDistribution Date, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Regular Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpayment, as provided in the Policy 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt of funds, shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application subordination provisions of available funds in accordance with the priorities specified in Section 2.4 this Agreement and Article III, and taking into account to the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Liquidity Facility in respect of interest due on the Class G Certificates on such interest Distribution Date and any withdrawal of funds from the Class G Cash Collateral Account in respect of such interest, the Subordination Agent (or in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpaymentfor Payment, as provided in the Policy 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the application of available funds in accordance with the priorities specified in Section 2.4 and Article III, and taking into account the application of any amounts received by the Escrow Agent in the Class G Paying Agent Account in respect of accrued interest on the Class G Deposits, any Drawing paid under the Class G Primary Liquidity Facility in respect of such accrued interest and any withdrawal of funds from the Class G Primary Cash Collateral Account (and, in the case of the Class G-1 Certificates, the Class G-1 Above-Cap Account) in respect of such interest, the Subordination Agent (or or, in the case of the Escrow Receipts, the Paying Agent) does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates or any Deposit relating to the Escrow Receipts, in each case at the Stated Interest Rate for the Class G Certificates on such Distribution Date ("Accrued Class G Interest"), then, prior to 1:00 p.m. (New York City time) on such Distribution Date, the Subordination Agent (i) shall deliver a Notice of Nonpayment, 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) shall pay such amount from the related Policy Account to the Class G Trustee or the Escrow Agent for the Class G Trust for deposit into the Class G Paying Agent Account, as the case may be, ) in payment of such Accrued Class G Interest on such Distribution Date.