Common use of Letter of Credit Draw Clause in Contracts

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (ii) of this Section 3.5(d) any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 2004-1 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrence

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any Distribution Date for next succeeding any date on which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (ii) of this Section 3.5(d) any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 2004-1 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceNote

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any Distribution Date for next succeeding any date on which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d3.5(e) any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042006-1 2 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any the Series 2022-5 Final Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) and any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042022-1 5 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any the Series 2014-1 Final Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) and any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 2004-1 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrencehave

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any Distribution Date for next succeeding any date on which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d) 2.5(c), any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042005-1 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any the Series 2023-2 Final Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) and any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042023-1 2 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any the Series 2023-4 Final Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) and any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042023-1 4 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any Distribution Date for next succeeding any date on which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 2004-1 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceTrustee

Letter of Credit Draw. In the event that either (x) on or prior to 10:00 a.m. (New York City time) on the Business Day immediately preceding any the Series 2023-3 Final Distribution Date for which a Demand Notice has been transmitted by the Trustee to the Demand Note Issuers pursuant to clause (iii) of this Section 3.5(d2.5(c) and any Demand Note Issuer shall have failed to pay to the Trustee or deposit into the Series 20042023-1 3 Distribution Account the amount specified in such Demand Notice in whole or in part or (y) due to the occurrenceor