Series 20__-_ Amortization Events. Any of the following events for the Series 20 - Notes will be an Amortization Event:
Series 20__-_ Amortization Events. If any of the following events occurs with respect to the Series 20__-_ Notes:
(a) failure by either Depositor (i) to make any payment or deposit required to be made under the related Sale and Servicing Agreement, the Indenture or this Indenture Supplement on or before the date occurring five Business Days after the date such payment or deposit is required to be made or (ii) to observe or perform in any material respect any other covenants or agreements of such Depositor in the related Sale and Servicing Agreement, the Indenture or this Indenture Supplement that has an Adverse Effect and continues for 60 days after the date on which notice of such failure, requiring the same to be remedied, has been given to such Depositor by the Indenture Trustee and continues to have an Adverse Effect for such 60-day period;
(b) any representation or warranty made by either Depositor in the related Sale and Servicing Agreement, the Indenture or this Indenture Supplement, or any information contained in a computer file or other list required to be delivered by such Depositor pursuant to the related Sale and Servicing Agreement, proves to have been incorrect in any material respect when made or when delivered and has an Adverse Effect, which continues to be incorrect in any material respect for 60 days after the date on which notice of such failure, requiring the same to be remedied, has been given to such Depositor by the Indenture Trustee and continues to have an Adverse Effect for such 60-day period; provided, however, that a Series 20__-_ Amortization Event pursuant to this clause (b) will be deemed remedied if such Depositor has accepted reassignment of the related Receivable, or all of such Receivables, if applicable, during such period in accordance with the related Sale and Servicing Agreement;
(c) a Servicer Termination Event (including, for purposes of Section 6.1(a)(ii) of each Sale and Servicing Agreement, any breach of the covenant set forth in the Servicer Covenant Letter) that has an Adverse Effect;
(d) the Note Balance of the Series 20__-_ Notes is not paid in full on the Expected Final Payment Date;
(e) the average of the Monthly Principal Payment Rates for the three preceding Collection Periods is less than __%;
(f) on any Determination Date, the Available Subordinated Amount for the next Payment Date will be less than the Required Subordinated Amount after giving effect to any payments to be made on such Payment Date, and continues unremedied for five Bu...
