Common use of TALF Requirements Clause in Contracts

TALF Requirements. For so long as any of the Publicly Registered Notes remain outstanding, the Depositor will monitor the performance of the Receivables and the Publicly Registered Notes and will, upon determining that any statement set forth in paragraph (2) of Annex C to the Prospectus Supplement either was not correct when made or has ceased to be correct, (i) promptly notify each Underwriter of such determination, (ii) notify the FRBNY and all registered holders of the Publicly Registered Notes in writing of such determination no later than 9:00 a.m. New York City time on the fourth Business Day following such determination, and (iii) issue a press release regarding such determination no later than 9:00 a.m. New York City time on the fourth Business Day following such determination.