Common use of No Advance of Final Scheduled Payment Date Clause in Contracts

No Advance of Final Scheduled Payment Date. If any of the Class A Notes become payable prior to the Final Scheduled Payment Date thereof, other than pursuant to the prepayment provisions hereof, whether by reason of call for prepayment, acceleration or otherwise, the Indenture Trustee shall immediately notify the Note Insurer of such fact. The Indenture Trustee and the Owner Trustee hereby acknowledge that the Note Guaranty Insurance Policy guarantees an amount equal to the Insured Payment (as defined therein); however no accelerated Insured Payment shall be made on any prepayment date or as a result of any acceleration on any early redemption unless at the sole option of the Note Insurer.

No Advance of Final Scheduled Payment Date. If any of the Class A Notes become payable prior to the Final Scheduled Payment Date thereof, other than pursuant to the prepayment provisions hereof, whether by reason of call for prepayment, acceleration or otherwise, the Indenture Trustee shall immediately notify the Note Insurer of such fact. The Indenture Trustee and the Owner Trustee hereby acknowledge that the Note Guaranty Insurance Policy guarantees an amount equal to the Insured Payment (as defined therein); however no accelerated Insured Payment shall be made on any prepayment date or as a result of any acceleration on any early redemption unless at the sole option of the Note Insurer.

No Advance of Final Scheduled Payment Date. If any of the Class A Notes become payable prior to the Final Scheduled Payment Date thereof, other than pursuant to the prepayment provisions hereof, whether by reason of call for prepayment, acceleration or otherwise, the Indenture Trustee shall immediately notify the Note Insurer of such fact. The Indenture Trustee and the Owner Trustee Issuer hereby acknowledge that the Note Guaranty Insurance Policy guarantees an amount equal to the Maximum Insured Payment Amount (as defined therein); however no accelerated Insured Scheduled 115 2003-A Indenture Payment shall be made on any prepayment date or as a result of any acceleration on any early redemption unless at the sole option of the Note Insurer.