Common use of Optional Deposits by the Security Insurer Clause in Contracts

Optional Deposits by the Security Insurer. The Security Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to pay or cause to be paid amounts (“Insurer Optional Deposits”) or paying such amounts directly to such service provider 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 Distribution Date or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy by delivering such amounts to the Trustee for deposit into the Collection Account.

Optional Deposits by the Security Insurer. The Security Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to pay deliver or cause to be paid delivered amounts (“"Insurer Optional Deposits”") or paying such amounts directly to such service provider 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 Distribution Date or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy by delivering such amounts to the Trustee for deposit into the Collection AccountPolicy.

Optional Deposits by the Security Insurer. The Security Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to pay deliver or cause to be paid delivered amounts (“Insurer Optional Deposits”) or paying such amounts directly to such service provider 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 Distribution Date Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy by delivering such amounts to the Trustee for deposit into the Collection AccountPolicy.

Optional Deposits by the Security Insurer. The Security Insurer shall at any time, and from time to time, with respect to a Distribution Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to pay deliver or cause to be paid delivered amounts (“Insurer Optional Deposits”) or paying such amounts directly to such service provider 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 Distribution Date or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy by delivering such amounts to the Trustee for deposit into the Collection AccountPolicy.