Common use of Payments of Principal; Payments with Respect to Derivative Agreements for Principal Clause in Contracts

Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of (i) the date on which any Tranche of Class C Notes is accelerated pursuant to Section 6.02 of the Indenture following an Event of Default and acceleration of maturity with respect to such Tranche, (ii) any date on or after the Note Transfer Date related to the Scheduled Principal Payment Date for such Tranche of Class C Notes on which the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C Notes plus the aggregate amount on deposit in the Class C Reserve Sub-Account for such Tranche of Class C Notes equals or exceeds the Outstanding Dollar Principal Amount of such Class C Notes and (iii) the Legal Maturity Date for any Tranche of Class C Notes, the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.16, an amount equal to that deficiency will be withdrawn from that Class C Reserve Sub-Account for such Tranche of Class C Notes and deposited into that Principal Funding Sub-Account on the Note Transfer Date for such Tranche of Class C Notes relating to the date of the applicable withdrawal required pursuant to Section 3.16.

Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of (i) the date on which any Tranche of Class C D Notes is are accelerated pursuant to Section 6.02 602 of the Indenture following an Event of Default and acceleration of maturity with respect to such TrancheTranche of Class D Notes, (ii) any date on or after the Note Transfer Distribution Date related to immediately preceding the Scheduled Expected Principal Payment Date for such Tranche of Class C Notes on which the amount on deposit in the Principal Funding Subsub-Account for any Tranche of Class C D Notes plus the aggregate amount on deposit in the Class C D Reserve Subsub-Account for such Tranche of the Class C D Notes equals or exceeds the Outstanding Dollar Principal Amount of such Tranche of Class C D Notes, provided deposits to the Principal Funding sub-Account of such Tranche of Class D Notes are permitted pursuant to Section 3.15, and (iii) the Legal Maturity Date for any Tranche of Class C D Notes, the amount on deposit in the Principal Funding Subsub-Account for any Tranche of Class C D Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.163.14, an amount equal to that deficiency will be withdrawn from that Class C D Reserve Subsub-Account for such Tranche of Class C D Notes and deposited into that Principal Funding Subsub-Account on the Note Transfer Date for such Tranche of Class C D Notes relating to on the Distribution Date before the date of the applicable withdrawal required pursuant to Section 3.163.14.

Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of (i) the date on which any Tranche of Class C Notes is are accelerated pursuant to Section 6.02 602 of the Indenture following an Event of Default and acceleration of maturity with respect to such TrancheTranche of Class C Notes, (ii) any date on or after the Note Transfer Date related to the Scheduled Expected Principal Payment Date for such Tranche of Class C Notes on which the amount on deposit in the Principal Funding Subsub-Account for any Tranche of Class C Notes plus the aggregate amount on deposit in the Class C Reserve Subsub-Account for such Tranche of the Class C Notes equals or exceeds the Outstanding Dollar Principal Amount of such Tranche of Class C Notes, provided deposits to the Principal Funding sub-Account of such Tranche of Class C Notes are permitted pursuant to Section 3.15, and (iii) the Legal Maturity Date for any Tranche of Class C Notes, the amount on deposit in the Principal Funding Subsub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.163.14, an amount equal to that deficiency will be withdrawn from that Class C Reserve Subsub-Account for such Tranche of Class C Notes and deposited into that Principal Funding Subsub-Account on the Note Transfer Date for such Tranche of Class C Notes relating to on the Distribution Date before the date of the applicable withdrawal required pursuant to Section 3.163.14.

Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of (i) the date on which any Tranche of Class C D Notes is accelerated pursuant to Section 6.02 of the Indenture following an Event of Default and acceleration of maturity with respect to such Tranche, (ii) any date on or after the Note Transfer Date related to the Scheduled Principal Payment Date for such Tranche of Class C D Notes on which the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C D Notes plus the aggregate amount on deposit in the Class C D Reserve Sub-Account for such Tranche of Class C D Notes equals or exceeds the Outstanding Dollar Principal Amount of such Class C D Notes and (iii) the Legal Maturity Date for any Tranche of Class C D Notes, the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C D Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.163.15, an amount equal to that deficiency will be withdrawn from that Class C D Reserve Sub-Account for such Tranche of Class C D Notes and deposited into that Principal Funding Sub-Account on the Note Transfer Date for such Tranche of Class C D Notes relating to the date of the applicable withdrawal required pursuant to Section 3.163.15.

Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of (i) the date on which any Tranche of Class C Notes is accelerated pursuant to Section 6.02 of the Indenture following an Event of Default and acceleration of maturity with respect to such Tranche, (ii) any date on or after the Note Transfer Date related to the Scheduled Principal Payment Date for such Tranche of Class C Notes on which the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C Notes plus PLUS the aggregate amount on deposit in the Class C Reserve Sub-Account for such Tranche of Class C Notes equals or exceeds the Outstanding Dollar Principal Amount of such Class C Notes and (iii) the Legal Maturity Date for any Tranche of Class C Notes, the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.16, an amount equal to that deficiency will be withdrawn from that Class C Reserve Sub-Account for such Tranche of Class C Notes and deposited into that Principal Funding Sub-Account on the Note Transfer Date for such Tranche of Class C Notes relating to the date of the applicable withdrawal required pursuant to Section 3.16.