Common use of The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment Clause in Contracts

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 2004-1 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 2004-1 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the Insurer, upon request of the Trustee or the Insurer, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the Series 2004-1 Letters of Credit required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the Series 2004-1 Letters of Credit without such instruction from the Administrator, provided that the Administrator or the Insurer, upon request of the Trustee or the Insurer, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the Series 2004-1 Letters of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042011-1 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042011-1 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the Series 2004-1 any Class A/B Letters of Credit required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the Series 2004-1 such Class A/B Letters of Credit without such instruction from the Administrator, provided that the Administrator or the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the Series 2004-1 Letters each such Class A/B Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042008-1 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042008-1 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the InsurerAdministrator, upon request of the Trustee Trustee, the Administrative Agent or the Insurerany Funding Agent, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the any Series 20042008-1 Letters of Credit with respect to a Class of Series 2008-1 Notes required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the such Series 20042008-1 Letters of Credit with respect to such Class of Series 2008-1 Notes without such instruction from the Administrator, provided that the Administrator or the InsurerAdministrator, upon request of the Trustee Trustee, the Administrative Agent or the Insurerany Funding Agent, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the each such Series 20042008-1 Letters Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042013-1 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042013-1 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the Series 2004-1 any Class A/B Letters of Credit required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the Series 2004-1 such Class A/B Letters of Credit without such instruction from the Administrator, provided that the Administrator or the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the Series 2004-1 Letters each such Class A/B Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042005-1 3 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042005-1 3 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 20042005-1 3 Series Account, the Insurer, upon request of the Trustee or the Insurer, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the any Series 20042005-1 3 Letters of Credit with respect to a Class of Series 2005-3 Notes required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the such Series 20042005-1 3 Letters of Credit with respect to such Class of Series 2005-3 Notes without such instruction from the Administrator, provided that the Administrator or the InsurerInsurer (solely with respect to the Class A Letters of Credit), upon request of the Trustee or the InsurerInsurer (solely with respect to the Class A Letters of Credit), promptly provides the Trustee with all information necessary to allow the Trustee to draw on the each such Series 20042005-1 Letters 3 Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042009-1 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042009-1 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the InsurerAdministrator, upon request of the Trustee Trustee, the Administrative Agent or the Insurerany Funding Agent, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the any Series 20042009-1 Letters of Credit with respect to a Class of Series 2009-1 Notes required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the such Series 20042009-1 Letters of Credit with respect to such Class of Series 2009-1 Notes without such instruction from the Administrator, provided that the Administrator or the InsurerAdministrator, upon request of the Trustee Trustee, the Administrative Agent or the Insurerany Funding Agent, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the each such Series 20042009-1 Letters Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042005-1 4 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042005-1 4 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 20042005-1 4 Series Account, the Insurer, upon request of the Trustee or the Insurer, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the any Series 20042005-1 4 Letters of Credit with respect to a Class of Series 2005-4 Notes required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the such Series 20042005-1 4 Letters of Credit with respect to such Class of Series 2005-4 Notes without such instruction from the Administrator, provided that the Administrator or the InsurerInsurer (solely with respect to the Class A Letters of Credit), upon request of the Trustee or the InsurerInsurer (solely with respect to the Class A Letters of Credit), promptly provides the Trustee with all information necessary to allow the Trustee to draw on the each such Series 20042005-1 Letters 4 Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042009-1 2 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042009-1 2 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 2004-1 Series Account, the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the Series 2004-1 any Class A Letters of Credit required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the Series 2004-1 such Class A Letters of Credit without such instruction from the Administrator, provided that the Administrator or the InsurerAdministrator, upon request of the Trustee or the InsurerTrustee, promptly provides the Trustee with all information necessary to allow the Trustee to draw on the Series 2004-1 Letters each such Class A Letter of Credit.

The Administrator’s Failure to Instruct the Trustee to Make a Deposit or Payment. If the Administrator fails to give notice or instructions to make any payment from or deposit into the Collection Account or any Series 20042005-1 2 Series Account required to be given by the Administrator, at the time specified in the Administration Agreement or any other Related Document (including applicable grace periods), the Trustee shall make such payment or deposit into or from the Collection Account or such Series 20042005-1 2 Series Account without such notice or instruction from the Administrator, provided that the Administrator or, in the case of any payment from a Series 20042005-1 2 Series Account, the Insurer, upon request of the Trustee or the Insurer, promptly provides the Trustee with all information necessary to allow the Trustee to make such a payment or deposit. When any payment or deposit hereunder or under any other Related Document is required to be made by the Trustee at or prior to a specified time, the Administrator shall deliver any applicable written instructions with respect thereto reasonably in advance of such specified time. If the Administrator fails to give instructions to draw on the any Series 20042005-1 2 Letters of Credit with respect to a Class of Series 2005-2 Notes required to be given by the Administrator, at the time specified in this Series Supplement, the Trustee shall draw on the such Series 20042005-1 2 Letters of Credit with respect to such Class of Series 2005-2 Notes without such instruction from the Administrator, provided that the Administrator or the InsurerInsurer (solely with respect to the Class A Letters of Credit), upon request of the Trustee or the InsurerInsurer (solely with respect to the Class A Letters of Credit), promptly provides the Trustee with all information necessary to allow the Trustee to draw on the each such Series 20042005-1 Letters 2 Letter of Credit.