Common use of Rapid Amortization Period Clause in Contracts

Rapid Amortization Period. Commencing on the second Determination Date during the Series 2015-3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 2015-3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 2015-3 Reserve Account and deposited into the Series 2015-3 Distribution Account or (iii) any amounts to be drawn on the Series 2015-3 Demand Notes and/or on the Series 2015-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 2015-3 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 2015-3 Collection Account and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the holders of the Series 2015-3 Notes.

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20152010-3 6 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20152010-3 6 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20152010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20152010-3 6 Reserve Account and deposited into the Series 20152010-3 6 Distribution Account or (iii) any amounts to be drawn on the Series 20152010-3 6 Demand Notes and/or on the Series 20152010-3 6 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 20152010-3 6 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20152010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 20152010-3 6 Collection Account and deposit such amount in the Series 20152010-3 6 Distribution Account, to be paid to the holders of the Series 20152010-3 Notes6 Notes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20152022-3 2 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20152022-3 2 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20152022-3 2 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20152022-3 2 Reserve Account and deposited into the Series 20152022-3 2 Distribution Account or (iii) any amounts to be drawn on the Series 20152022-3 2 Demand Notes and/or on the Multi-Series 2015-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 20152022-3 2 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20152022-3 2 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 20152022-3 2 Collection Account and deposit such amount in the Series 20152022-3 2 Distribution Account, to be paid to the holders of the Series 20152022-3 Notes2 Notes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20152010-3 6 Controlled Amortization Period or the first Determination Date after the commencement of the Series 20152010-3 6 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20152010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20152010-3 6 Reserve Account and deposited into the Series 20152010-3 6 Distribution Account or (iii) any amounts to be drawn on the Series 20152010-3 6 Demand Notes and/or on the Series 20152010-3 6 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 20152010-3 6 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20152010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 20152010-3 6 Collection Account and deposit such amount in the Series 20152010-3 6 Distribution Account, to be paid to the holders of the Series 20152010-3 6 Notes.

Rapid Amortization Period. Commencing on the second Determination Date during the Series 2015-3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 2015-3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 2015-3 Reserve Account and deposited into the Series 2015-3 Distribution Account or (iii) any amounts to be drawn on the Series 2015-3 Demand Notes and/or on the Series 2015-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 2015-3 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 2015-3 Collection Account and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the holders of the Series 2015-3 NotesNotes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the any Series 2015-3 Controlled Amortization Period or the first Determination Date after the commencement of the Series 2015-3 Rapid Amortization Period, the Administrator shall instruct the Trustee and the Paying Agent in writing pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 2015-3 Reserve Account and deposited into the Series 2015-3 Distribution Account or (iii) any amounts to be drawn on the Series 2015-3 Demand Notes and/or on the Multi-Series 2015-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 2015-3 Cash Collateral Account). On the Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month, from the Series 2015-3 Collection Account and deposit such amount in the Series 2015-3 Distribution Account, to be paid to the holders of the Series 2015-3 NotesNotes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20152005-3 Controlled Amortization Period or the first Determination Date after the commencement commence-ment of the Series 20152005-3 Rapid Amortization Period, the Administrator shall instruct in-struct the Trustee and the Paying Agent in writing pursuant pursu-ant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20152005-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month2.5, (ii) any amounts to be withdrawn from the Series 20152005-3 Reserve Account and deposited into the Series 20152005-3 Distribution Account Ac-count or (iii) any amounts to be drawn on the Series 20152005-3 Demand Notes and/or on the Series 20152005-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 20152005-3 Cash Collateral Account). On the Distribution Dis-tribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20152005-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5 during the Related Month2.5, from the Series 20152005-3 Collection Account and deposit such amount in the Series 20152005-3 Distribution Distri-bution Account, to be paid to the holders of the Series 20152005-3 Notes.