Common use of Interest Rate Swaps Clause in Contracts

Interest Rate Swaps. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 from the Series 2005-2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 2005-2 Notes and the Series 2005-2 Interest Rate Swap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (w) first, an amount equal to the Series 2005-2 Monthly Interest for the Series 2005-2 Interest Period ending on the day preceding the related Distribution Date, (x) second, an amount equal to all Fixed Rate Payments for the next succeeding Distribution Date, (y) third, an amount equal to the amount of any unpaid Series 2005-2 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2005-2 Shortfall) and (z) fourth, an amount equal to the Surety Provider Fee for such Series 2005-2 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3(a) from the Series 2005-2 Accrued Interest Account and deposit such amounts in the Series 2005-2 Distribution Account.

Interest Rate Swaps. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 from the Series 2005-2 1 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 2005-2 1 Notes and the Series 2005-2 1 Interest Rate Swap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (w) first, an amount equal to the Series 2005-2 1 Monthly Interest for the Series 2005-2 1 Interest Period ending on the day preceding the related Distribution Date, (x) second, an amount equal to all Fixed Rate Payments for the next succeeding Distribution Date, (y) third, an amount equal to the amount of any unpaid Series 2005-2 1 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2005-2 1 Shortfall) and (z) fourth, an amount equal to the Surety Provider Fee for such Series 2005-2 1 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3(a) from the Series 2005-2 1 Accrued Interest Account and deposit such amounts in the Series 2005-2 1 Distribution Account.

Interest Rate Swaps. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 from the Series 20052004-2 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 20052004-2 Notes and the Series 20052004-2 Interest Rate Swap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (w) first, an amount equal to the Series 20052004-2 Monthly Interest for the Series 20052004-2 Interest Period ending on the day preceding the related Distribution Date, (x) second, an amount equal to all the Fixed Rate Payments Payment for the next succeeding Distribution Date, (y) third, an amount equal to the amount of any unpaid Series 20052004-2 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 20052004-2 Shortfall) and (z) fourth, an amount equal to the Surety Provider Fee for such Series 20052004-2 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3(a) from the Series 20052004-2 Accrued Interest Account and deposit such amounts in the Series 20052004-2 Distribution Account.

Interest Rate Swaps. On each Determination Date, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement as to the amount to be withdrawn and paid pursuant to Section 2.4 from the Series 2005-2 4 Accrued Interest Account to the extent funds are anticipated to be available from Interest Collections allocable to the Series 2005-2 4 Notes and the Series 2005-2 4 Interest Rate Swap Proceeds processed from but not including the preceding Distribution Date through the succeeding Distribution Date in respect of (w) first, an amount equal to the Series 2005-2 4 Monthly Interest for the Series 2005-2 4 Interest Period ending on the day preceding the related Distribution Date, (x) second, an amount equal to all Fixed Rate Payments for the next succeeding Distribution Date, (y) third, an amount equal to the amount of any unpaid Series 2005-2 4 Shortfall as of the preceding Distribution Date (together with any accrued interest on such Series 2005-2 4 Shortfall) and (z) fourth, an amount equal to the Surety Provider Fee for such Series 2005-2 4 Interest Period plus any Surety Provider Reimbursement Amounts then due and owing. On the following Distribution Date, the Trustee shall withdraw the amounts described in the first sentence of this Section 2.3(a) from the Series 2005-2 4 Accrued Interest Account and deposit such amounts in the Series 2005-2 4 Distribution Account.