Common use of Optional Deposits by the Insurer Clause in Contracts

Optional Deposits by the Insurer. The Insurer shall at any -------------------------------- time, and from time to time, with respect to a Payment Date, have the option to deliver amounts to the Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Payment Date, (ii) to distribute as a component of the Principal Payment Amount to the extent that the Note Balance as of the Determination Date preceding such Payment Date exceeds the Pool Balance as of such Determination Date or (iii) to provide funds to the extent that without such amount a draw would be required to be made on the Note Policy.

Optional Deposits by the Insurer. The Insurer shall at any -------------------------------- time, and from time to time, with respect to a Payment Date, have the option to deliver amounts to the Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Payment Date, (ii) to distribute as a component of the Principal Payment Amount to the extent that the Note Balance as of the Determination Date preceding such Payment Date exceeds the Pool Balance as of such Determination Date or (iii) to provide funds to the extent that without such amount a draw would be required to be made on the Note Policy.. 52 Sale and Servicing Agreement