Common use of Termination of the Reserve Account Clause in Contracts

Termination of the Reserve Account. Upon the earliest to occur of ---------------------------------- (i) the termination of the Trust pursuant to Article XII of the Agreement, (ii) if the Controlled Accumulation Period has not commenced, the first Transfer Date relating to the Rapid Amortization Period, and if the Controlled Accumulation Period has commenced, the earlier to occur of (I) the first Transfer Date with respect to the Rapid Amortization Period and (II) the Transfer Date immediately preceding the Class A Scheduled Payment Date, the Trustee, acting in accordance with the instructions of the Servicer, after the prior payment of all amounts owing to the Class A Certificateholders that are payable from the Reserve Account as provided in this Series Supplement, shall withdraw from the Reserve Account and pay in accordance with the Loan Agreement, all amounts, if any, on deposit in the Reserve Account and the Reserve Account shall be deemed to have terminated for purposes of this Series Supplement.

Termination of the Reserve Account. Upon the earliest to occur of ---------------------------------- (i) the termination of the Trust pursuant to Article XII of the Agreement, (ii) if the Controlled Accumulation Period has not commenced, the first Transfer Date relating to the Rapid Amortization Period, and if the Controlled Accumulation Period has commenced, the earlier to occur of (I) the first Transfer Date with respect to the Rapid Amortization Period and (II) the Transfer Date immediately preceding the Class A Scheduled Payment Date, the Trustee, acting in accordance with the instructions of the Servicer, after the prior payment of all amounts owing to the Class A Certificateholders that are payable from the Reserve Account as provided in this Series Supplement, shall withdraw from the Reserve Account and pay in accordance with the Loan Agreement, all amounts, if any, on deposit in the Reserve Account and the Reserve Account shall be deemed to have terminated for purposes of this Series Supplement.

Termination of the Reserve Account. Upon the earliest to occur ---------------------------------- of ---------------------------------- (i) the termination of the Trust pursuant to Article XII of the Agreement, (ii) if the Controlled Accumulation Period has not commenced, the first Transfer Date relating to the Rapid Amortization Period, and if the Controlled Accumulation Period has commenced, the earlier to occur of (I) the first Transfer Date with respect to the Rapid Amortization Period and (II) the Transfer Date immediately preceding the Class A Scheduled Payment Date, the Trustee, acting in accordance with the instructions of the Servicer, after the prior payment of all amounts owing to the Class A Certificateholders that are payable from the Reserve Account as provided in this Series Supplement, shall withdraw from the Reserve Account and pay in accordance with the Loan Agreement, all amounts, if any, on deposit in the Reserve Account and the Reserve Account shall be deemed to have terminated for purposes of this Series Supplement.

Termination of the Reserve Account. Upon the earliest to ---------------------------------- occur of ---------------------------------- (i) the termination of the Trust pursuant to Article XII of the Agreement, (ii) if the Controlled Accumulation Period has not commenced, the first Transfer Date relating to the Rapid Amortization Period, and if the Controlled Accumulation Period has commenced, the earlier to occur of (I) the first Transfer Date with respect to the Rapid Amortization Period and (II) the Transfer Date immediately preceding the Class A Scheduled Payment Date, the Trustee, acting in accordance with the instructions of the Servicer, after the prior payment of all amounts owing to the Class A Certificateholders that are payable from the Reserve Account as provided in this Series Supplement, shall withdraw from the Reserve Account and pay in accordance with the Loan Agreement, all amounts, if any, on deposit in the Reserve Account and the Reserve Account shall be deemed to have terminated for purposes of this Series Supplement.