Common use of Revolving Liquidity Note Clause in Contracts

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,000, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B) or (C) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder of the Revolving Liquidity Note. Amounts so funded by the Holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0007,499,977, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0007,745,352, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0009,420,193, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) [Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0009,420,193, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,000, ________to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0008,000,009, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.

Revolving Liquidity Note. (a) Pursuant to the Revolving Liquidity Note Agreement, the Seller will issue a Revolving Liquidity Note, with a maximum draw amount of $7,500,0007,786,611, to be initially held by TMCC. On the Business Day preceding each Payment Date with respect to which Available Collections are insufficient to fund any payment to be made to the Noteholders pursuant to Section 5.06(c)(i) (B5.06(c)(ii) or (Ciii) or 5.06(d) (ii) or (iii), the Relevant Trustee will be entitled to make draw requests (to the maximum draw amount) in the amount of any such shortfalls that are not funded from amounts on deposit in the Reserve Account and that are therefore to be funded by the Holder holder of the Revolving Liquidity Note. Amounts so funded by the Holder holder of the Revolving Liquidity Note will be applied by the Indenture Trustee pursuant to the written direction of the Servicer to fund such shortfalls in the order of priority of payments specified in Section 5.06.