Common use of Multi-Series Letter of Credit Providers Clause in Contracts

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 2015-3 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Moody’s or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 1 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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.

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Moody’s or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, on such date, and (B) the excess, if any, of the Series 20152023-3 2 Required Liquidity Amount over the Series 20152023-3 2 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 2 Notes and available under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 2 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 2 Cash Collateral Account.

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s Mxxxx’x and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 2015-3 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152021-3 1 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRSDBRS (or, if such Multi-Series Letter of Credit Provider was not rated by DBRS at the time of issuance of the related Multi-Series Letter of Credit, if (yx) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s Xxxxx’x and (zy) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s). At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 2015-3 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 5 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 7 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Mxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Mxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152024-3 1 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A (yhigh)” as determined by DBRS or (ii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBR-1” as determined by Standard & Poor’sDBRS. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152021-3 2 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 8 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152022-3 1 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s Xxxxx’x and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s). At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152010-3 6 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152010-3 6 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Moody’s or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, on such date, and (B) the excess, if any, of the Series 20152023-3 4 Required Liquidity Amount over the Series 20152023-3 4 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 4 Notes and available under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 4 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 4 Cash Collateral Account.

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Moody’s or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, on such date, and (B) the excess, if any, of the Series 20152023-3 Required Liquidity Amount over the Series 20152023-3 Liquidity Amount, excluding the amount allocated to the Series 20152023-3 Notes and available under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Cash Collateral Account.

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s). At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152022-3 2 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152024-3 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152024-3 2 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Xxxxx’x or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below Xxxxx’x or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152023-3 6 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 Providers. The Administrator shall notify the Trustee in writing within one (1) Business Day of becoming aware that (xi) the long-term senior unsecured debt credit rating of any Multi-Series Letter of Credit Provider has fallen below “BBBA1” as determined by DBRS, Moody’s or “A+” as determined by Fitch or (yii) the longshort-term senior unsecured debt credit rating of such any Multi-Series Letter of Credit Provider has fallen below “Baa2P-1” as determined by Moody’s and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below or “BBBF1” as determined by Standard & Poor’sFitch. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, on such date, and (B) the excess, if any, of the Series 20152022-3 5 Required Liquidity Amount over the Series 20152022-3 5 Liquidity Amount, excluding the amount allocated to the Series 20152022-3 5 Notes and available under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152022-3 5 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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 5 Cash Collateral Account.

Multi-Series Letter of Credit Providers. The Administrator shall notify the Trustee in writing within one Business Day of becoming aware that (x) the long-term senior unsecured debt rating of any Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by DBRS, (y) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “Baa2” as determined by Moody’s Xxxxx’x and (z) the long-term senior unsecured debt rating of such Multi-Series Letter of Credit Provider has fallen below “BBB” as determined by Standard & Poor’s. At such time the Administrator shall also notify the Trustee of (i) 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 under such Multi-Series Letter of Credit issued by such Multi-Series Letter of Credit Provider, 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 under such Multi-Series Letter of Credit, on such date, and (ii) the amount allocated to the Series 20152010-3 6 Notes and available to be drawn on such 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 on such Multi-Series Letter of Credit in an amount equal to the lesser of the amounts in clause (i) and clause (ii) of the immediately preceding sentence on such Business Day 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.