Common use of Reductions of the Commitments Clause in Contracts

Reductions of the Commitments. (a) On any Business Day during the Series 1998-1 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTION") in a minimum aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 1998-1 Invested Amount on such date, the Series 1998-1 Invested Amount would exceed the Maximum Invested Amount then in effect. Each APA Bank's Commitment shall be reduced by such APA Bank's Pro Rata Share of the amount of such Commitment Reduction. (b) If an Early Amortization Period has commenced, the Aggregate Commitment Amount shall be reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 1998-1 Invested Amount. Each APA Bank's commitment shall be reduced by such APA Bank's Pro Rata Share of the amount of such reduction. (c) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.

Reductions of the Commitments. (a) On any Business Day Distribution Date during the a Series 19982000-1 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days Days' prior 25 30 written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) ), reduce or terminate the Commitments (a "COMMITMENT REDUCTIONCommitment Reduction") in a minimum an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereofthereof or terminate the Commitments in their entirety; PROVIDED provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 19982000-1 Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 2000-1 Purchaser Invested Amount) on such date, the Series 19982000-1 Invested Amount would exceed the Maximum Invested Aggregate Commitment Amount then in effect. Each APA BankPurchaser's Commitment shall be reduced by such APA BankPurchaser's Pro Rata Share Commitment Percentage of the amount of such Commitment Reduction. (b) If an Early Amortization Period has commencedOnce reduced, the portion of the Aggregate Commitment Amount shall be so reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 1998-1 Invested Amount. Each APA Bank's commitment shall be reduced by such APA Bank's Pro Rata Share of the amount of such reduction. (c) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to this Supplement to reflect the reduced Commitment of each APA Bank Purchaser and the existing Schedule 1 of to this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Master Servicer, each Servicer, the Trustee and each APA BankPurchaser. Concurrently therewith, the Commitments of the Liquidity Banks shall be reduced and the Agent shall distribute a revised Annex I to the Liquidity Agreement to the Company, the Master Servicer, each Servicer and each Liquidity Banks.

Reductions of the Commitments. (a) On any Business Day during the Series 1998-1 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days Days' prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTIONCommitment Reduction") in a minimum an aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED provided that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 1998-1 Invested Amount on such date, the Series 1998-1 Invested Amount would exceed the Maximum Invested Aggregate Commitment Amount then in effect. Each APA BankBanks's Commitment shall be reduced by such APA Bank's Pro Rata Share Commitment Percentage of the amount of such Commitment Reduction. (b) If On any Business Day subsequent to the APA Bank Purchase Date, if an Early Amortization Period has commenced, the Aggregate Commitment Amount shall be reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 1998-1 Invested Amount. Each APA Bank's commitment Commitment shall be reduced by an amount equal to such APA Bank's Pro Rata Share of Commitment Percentage times the amount of such reduction. (c) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.

Reductions of the Commitments. (a) On any Business Day during the Series 1998-1 Revolving Period, the Company, on behalf of the Trust, may, upon three Business Days Days' prior written notice to the Funding Agent (effective upon receipt) (with copies to the Servicer and the Trustee) reduce or terminate the Commitments (a "COMMITMENT REDUCTION") in a minimum aggregate amount equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof; PROVIDED that no such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series 1998-1 Invested Amount on such date, the Series 1998-1 Invested Amount would exceed the Maximum Invested Aggregate Commitment Amount then in effect. Each APA Bank's Commitment shall be reduced by such APA Bank's Pro Rata Share Commitment Percentage of the amount of such Commitment Reduction. (b) If On any day subsequent to the APA Bank Purchase Date, if an Early Amortization Period has commenced, the Aggregate Commitment Amount shall be reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 1998-1 Invested Amount. Each APA Bank's commitment shall be reduced by such APA Bank's Pro Rata Share Banks Commitment Percent of the amount of such reduction. (c) Once reduced, the Commitments may not be subsequently reinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule 1 to reflect the reduced Commitment of each APA Bank and Schedule 1 of this Supplement shall be deemed to be automatically superseded by such revised Schedule 1. The Funding Agent shall distribute such revised Schedule 1 to the Company, the Servicer, the Trustee and each APA Bank.