Common use of Multi-Series Letter of Credit Expiration Date Clause in Contracts

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 2015-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 2015-3 Enhancement Amount would be equal to or more than the Series 2015-3 Required Enhancement Amount and the Series 2015-3 Liquidity Amount would be equal to or greater than the Series 2015-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 2015-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 2015-3 Enhancement Amount would be less than the Series 2015-3 Required Enhancement Amount or the Series 2015-3 Liquidity Amount would be less than the Series 2015-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 2015-3 Required Enhancement Amount over the Series 2015-3 Enhancement Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 2015-3 Required Liquidity Amount over the Series 2015-3 Liquidity Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 2015-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 2015-3 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152010-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152010-3 6 Enhancement Amount would be equal to or more than the Series 20152010-3 6 Required Enhancement Amount and the Series 20152010-3 6 Liquidity Amount would be equal to or greater than the Series 20152010-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152010-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152010-3 6 Enhancement Amount would be less than the Series 20152010-3 6 Required Enhancement Amount or the Series 20152010-3 6 Liquidity Amount would be less than the Series 20152010-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152010-3 6 Required Enhancement Amount over the Series 20152010-3 6 Enhancement Amount, excluding the amount allocated to the Series 20152010-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152010-3 6 Required Liquidity Amount over the Series 20152010-3 6 Liquidity Amount, excluding the amount allocated to the Series 20152010-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152010-3 6 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152010-3 6 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152010-3 6 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152010-3 6 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 7 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 7 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 7 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 7 Enhancement Amount would be equal to or more than the Series 20152023-3 7 Required Enhancement Amount and the Series 20152023-3 7 Liquidity Amount would be equal to or greater than the Series 20152023-3 7 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 7 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 7 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 7 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 7 Enhancement Amount would be 44 less than the Series 20152023-3 7 Required Enhancement Amount or the Series 20152023-3 7 Liquidity Amount would be less than the Series 20152023-3 7 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 7 Required Enhancement Amount over the Series 20152023-3 7 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 7 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 7 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 7 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152023-3 7 Required Liquidity Amount over the Series 20152023-3 7 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 7 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 7 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 7 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152023-3 7 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 7 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152023-3 7 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 7 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 Enhancement Amount would be equal to or more than the Series 20152024-3 Required Enhancement Amount and the Series 20152024-3 Liquidity Amount would be equal to or greater than the Series 20152024-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 Enhancement Amount would be less than the Series 20152024-3 Required Enhancement Amount or the Series 20152024-3 Liquidity Amount would be less than the Series 20152024-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152024-3 Required Enhancement Amount over the Series 20152024-3 Enhancement Amount, excluding the amount allocated to the Series 20152024-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152024-3 Required Liquidity Amount over the Series 20152024-3 Liquidity Amount, excluding the amount allocated to the Series 20152024-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152024-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152024-3 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 8 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 8 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 8 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 8 Enhancement Amount would be equal to or more than the Series 20152023-3 8 Required Enhancement Amount and the Series 20152023-3 8 Liquidity Amount would be equal to or greater than the Series 20152023-3 8 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 8 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 8 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 8 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 8 Enhancement Amount would be less than the Series 20152023-3 8 Required Enhancement Amount or the Series 20152023-3 8 Liquidity Amount would be less than the Series 20152023-3 8 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 8 Required Enhancement Amount over the Series 20152023-3 8 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 8 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 8 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 8 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152023-3 8 Required Liquidity Amount over the Series 20152023-3 8 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 8 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 8 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 8 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152023-3 8 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 8 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152023-3 8 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 8 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 2 Enhancement Amount would be equal to or more than the Series 20152022-3 2 Required Enhancement Amount and the Series 20152022-3 2 Liquidity Amount would be equal to or greater than the Series 20152022-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 2 Enhancement Amount would be less than the Series 20152022-3 2 Required Enhancement Amount or the Series 20152022-3 2 Liquidity Amount would be less than the Series 20152022-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152022-3 2 Required Enhancement Amount over the Series 20152022-3 2 Enhancement Amount, excluding the amount allocated to the Series 20152022-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152022-3 2 Required Liquidity Amount over the Series 20152022-3 2 Liquidity Amount, excluding the amount allocated to the Series 20152022-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152022-3 2 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152022-3 2 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152022-3 2 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152022-3 2 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 1 Enhancement Amount would be equal to or more than the Series 20152024-3 1 Required Enhancement Amount and the Series 20152024-3 1 Liquidity Amount would be equal to or greater than the Series 20152024-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 1 Enhancement Amount would be 44 less than the Series 20152024-3 1 Required Enhancement Amount or the Series 20152024-3 1 Liquidity Amount would be less than the Series 20152024-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152024-3 1 Required Enhancement Amount over the Series 20152024-3 1 Enhancement Amount, excluding the amount allocated to the Series 20152024-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152024-3 1 Required Liquidity Amount over the Series 20152024-3 1 Liquidity Amount, excluding the amount allocated to the Series 20152024-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152024-3 1 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 1 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152024-3 1 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 1 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 Enhancement Amount would be equal to or more than the Series 20152023-3 Required Enhancement Amount and the Series 20152023-3 Liquidity Amount would be equal to or greater than the Series 20152023-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 Enhancement Amount would be less than the Series 20152023-3 Required Enhancement Amount or the Series 20152023-3 Liquidity Amount would be less than the Series 20152023-3 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 Required Enhancement Amount over the Series 20152023-3 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 2015-3 Required Liquidity Amount over the Series 2015-3 Liquidity Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 2015-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 2015-3 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account.and

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 4 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 4 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 4 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 4 Enhancement Amount would be equal to or more than the Series 20152023-3 4 Required Enhancement Amount and the Series 20152023-3 4 Liquidity Amount would be equal to or greater than the Series 20152023-3 4 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 4 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 4 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 4 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 4 Enhancement Amount would be less than the Series 20152023-3 4 Required Enhancement Amount or the Series 20152023-3 4 Liquidity Amount would be less than the Series 20152023-3 4 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 4 Required Enhancement Amount over the Series 20152023-3 4 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 4 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 4 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 4 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 2015-3 Required Liquidity Amount over the Series 2015-3 Liquidity Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 2015-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 2015-3 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account.and

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 2 Enhancement Amount would be equal to or more than the Series 20152024-3 2 Required Enhancement Amount and the Series 20152024-3 2 Liquidity Amount would be equal to or greater than the Series 20152024-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152024-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152024-3 2 Enhancement Amount would be less than the Series 20152024-3 2 Required Enhancement Amount or the Series 20152024-3 2 Liquidity Amount would be less than the Series 20152024-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152024-3 2 Required Enhancement Amount over the Series 20152024-3 2 Enhancement Amount, excluding the amount allocated to the Series 20152024-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152024-3 2 Required Liquidity Amount over the Series 20152024-3 2 Liquidity Amount, excluding the amount allocated to the Series 20152024-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152024-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152024-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152024-3 2 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 2 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152024-3 2 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152024-3 2 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152021-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152021-3 1 Enhancement Amount would be equal to or more than the Series 20152021-3 1 Required Enhancement Amount and the Series 20152021-3 1 Liquidity Amount would be equal to or greater than the Series 20152021-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152021-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152021-3 1 Enhancement Amount would be less than the Series 20152021-3 1 Required Enhancement Amount or the Series 20152021-3 1 Liquidity Amount would be less than the Series 20152021-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152021-3 1 Required Enhancement Amount over the Series 20152021-3 1 Enhancement Amount, excluding the amount allocated to the Series 20152021-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152021-3 1 Required Liquidity Amount over the Series 20152021-3 1 Liquidity Amount, excluding the amount allocated to the Series 20152021-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152021-3 1 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152021-3 1 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152021-3 1 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152021-3 1 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 5 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 5 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 5 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 5 Enhancement Amount would be equal to or more than the Series 20152022-3 5 Required Enhancement Amount and the Series 20152022-3 5 Liquidity Amount would be equal to or greater than the Series 20152022-3 5 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 5 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 5 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 5 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 5 Enhancement Amount would be less than the Series 20152022-3 5 Required Enhancement Amount or the Series 20152022-3 5 Liquidity Amount would be less than the Series 20152022-3 5 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152022-3 5 Required Enhancement Amount over the Series 20152022-3 5 Enhancement Amount, excluding the amount allocated to the Series 20152022-3 5 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 5 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 5 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 2015-3 Required Liquidity Amount over the Series 2015-3 Liquidity Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 2015-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 2015-3 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account.and

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152021-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152021-3 2 Enhancement Amount would be equal to or more than the Series 20152021-3 2 Required Enhancement Amount and the Series 20152021-3 2 Liquidity Amount would be equal to or greater than the Series 20152021-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152021-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152021-3 2 Enhancement Amount would be less than the Series 20152021-3 2 Required Enhancement Amount or the Series 20152021-3 2 Liquidity Amount would be less than the Series 20152021-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152021-3 2 Required Enhancement Amount over the Series 20152021-3 2 Enhancement Amount, excluding the amount allocated to the Series 20152021-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152021-3 2 Required Liquidity Amount over the Series 20152021-3 2 Liquidity Amount, excluding the amount allocated to the Series 20152021-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152021-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152021-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152021-3 2 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152021-3 2 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152021-3 2 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152021-3 2 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 1 Enhancement Amount would be equal to or more than the Series 20152022-3 1 Required Enhancement Amount and the Series 20152022-3 1 Liquidity Amount would be equal to or greater than the Series 20152022-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152022-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152022-3 1 Enhancement Amount would be less than the Series 20152022-3 1 Required Enhancement Amount or the Series 20152022-3 1 Liquidity Amount would be less than the Series 20152022-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152022-3 1 Required Enhancement Amount over the Series 20152022-3 1 Enhancement Amount, excluding the amount allocated to the Series 20152022-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152022-3 1 Required Liquidity Amount over the Series 20152022-3 1 Liquidity Amount, excluding the amount allocated to the Series 20152022-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152022-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152022-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152022-3 1 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152022-3 1 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152022-3 1 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152022-3 1 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152010-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152010-3 6 Enhancement Amount would be equal to or more than the Series 20152010-3 6 Required Enhancement Amount and the Series 20152010-3 6 Liquidity Amount would be equal to or greater than the Series 20152010-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152010-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152010-3 6 Enhancement Amount would be less than the Series 20152010-3 6 Required Enhancement Amount or the Series 20152010-3 6 Liquidity Amount would be less than the Series 20152010-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152010-3 6 Required Enhancement Amount over the Series 20152010-3 6 Enhancement Amount, excluding the amount allocated to the Series 20152010-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152010-3 6 Required Liquidity Amount over the Series 20152010-3 6 Liquidity Amount, excluding the amount allocated to the Series 20152010-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152010-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152010-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152010-3 6 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of 101 Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152010-3 6 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152010-3 6 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152010-3 6 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 5 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 5 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 5 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 5 Enhancement Amount would be equal to or more than the Series 20152023-3 5 Required Enhancement Amount and the Series 20152023-3 5 Liquidity Amount would be equal to or greater than the Series 20152023-3 5 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 5 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 5 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 5 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 5 Enhancement Amount would be 44 less than the Series 20152023-3 5 Required Enhancement Amount or the Series 20152023-3 5 Liquidity Amount would be less than the Series 20152023-3 5 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 5 Required Enhancement Amount over the Series 20152023-3 5 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 5 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 5 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 5 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152023-3 5 Required Liquidity Amount over the Series 20152023-3 5 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 5 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 5 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 5 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152023-3 5 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 5 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152023-3 5 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 5 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 6 Enhancement Amount would be equal to or more than the Series 20152023-3 6 Required Enhancement Amount and the Series 20152023-3 6 Liquidity Amount would be equal to or greater than the Series 20152023-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 6 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 6 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 6 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 6 Enhancement Amount would be 44 less than the Series 20152023-3 6 Required Enhancement Amount or the Series 20152023-3 6 Liquidity Amount would be less than the Series 20152023-3 6 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 6 Required Enhancement Amount over the Series 20152023-3 6 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152023-3 6 Required Liquidity Amount over the Series 20152023-3 6 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 6 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 6 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 6 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152023-3 6 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 6 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152023-3 6 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 6 Cash Collateral Account.

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 2 Enhancement Amount would be equal to or more than the Series 20152023-3 2 Required Enhancement Amount and the Series 20152023-3 2 Liquidity Amount would be equal to or greater than the Series 20152023-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 2 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 2 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 2 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 2 Enhancement Amount would be less than the Series 20152023-3 2 Required Enhancement Amount or the Series 20152023-3 2 Liquidity Amount would be less than the Series 20152023-3 2 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 2 Required Enhancement Amount over the Series 20152023-3 2 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 2 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 2 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 2 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 2015-3 Required Liquidity Amount over the Series 2015-3 Liquidity Amount, excluding the amount allocated to the Series 2015-3 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 2015-3 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 2015-3 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 2015-3 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b) on or prior to the date that is two Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 2015-3 Notes under such Multi-Series Letter of Credit by presenting a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 2015-3 Cash Collateral Account.and

Multi-Series Letter of Credit Expiration Date. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 1 Enhancement Amount would be equal to or more than the Series 20152023-3 1 Required Enhancement Amount and the Series 20152023-3 1 Liquidity Amount would be equal to or greater than the Series 20152023-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of such determination. If prior to the date which is ten (10) days prior to the then then-scheduled Multi-Series Letter of Credit Expiration Date with respect to any Multi-Series Letter of Credit, excluding the amount allocated to the Series 20152023-3 1 Notes and available to be drawn under such Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 1 Notes under each substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 1 Eligible Letter of Credit Provider and is in full force and effect on such date, the Series 20152023-3 1 Enhancement Amount would be less than the Series 20152023-3 1 Required Enhancement Amount or the Series 20152023-3 1 Liquidity Amount would be less than the Series 20152023-3 1 Required Liquidity Amount, then the Administrator shall notify the Trustee in writing no later than two (2) Business Days prior to such Multi-Series Letter of Credit Expiration Date of (x) the greater of (A) the excess, if any, of the Series 20152023-3 1 Required Enhancement Amount over the Series 20152023-3 1 Enhancement Amount, excluding the amount allocated to the Series 20152023-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (B) the excess, if any, of the Series 20152023-3 1 Required Liquidity Amount over the Series 20152023-3 1 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 1 Notes and available amount under such expiring Multi-Series Letter of Credit but taking into account the amount allocated to the Series 20152023-3 1 Notes under any substitute Multi-Series Letter of Credit which has been obtained from a Series 20152023-3 1 Eligible Letter of Credit Provider and is in full force and effect, on such date, and (y) the amount allocated to the Series 20152023-3 1 Notes and available to be drawn on such expiring Multi-Series Letter of Credit on such date. Upon receipt of such notice by the Trustee on or prior to 10:00 a.m. (New York City time) on any Business Day, the Trustee shall, by 12:00 noon (New York City time) on such Business Day (or, in the case of any notice given to the Trustee after 10:00 a.m. (New York City time), by 12:00 noon (New York City time) on the next following Business Day), draw the lesser of the amounts set forth in clauses (x) and (y) above on such expiring Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 1 Cash Collateral Account. If the Trustee does not receive the notice from the Administrator described in the first paragraph of this Section 3.8(b2.8(b) on or prior to the date that is two (2) Business Days prior to each Multi-Series Letter of Credit Expiration Date, the Trustee shall, by 12:00 noon (New York City time) on such Business Day draw the full amount allocated to the Series 20152023-3 1 Notes under such Multi-Series Letter of Credit by presenting a draft accompanied by a Certificate of Termination Demand and shall cause the Termination Disbursement to be deposited in the Series 20152023-3 1 Cash Collateral Account.