Common use of Undrawn Commitment Fees Clause in Contracts

Undrawn Commitment Fees. From and after the Series 2011-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2011-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Payment Date in accordance with Section 5.14 of the Base Indenture, commencing on June 20, 2011. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2011-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 20112007-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 20112007-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Payment Date in accordance with Section 5.14 of the Base Indenture, commencing on June 20October 25, 20112007. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20112007-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 20112007-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 20112007-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Payment Date, from amounts that are made available for payment thereof (i) commencing on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Payment Date occurring in accordance with Section 5.14 of the Base Indenture, commencing on June 20, 2011January 2008. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20112007-1 Class A-1 Note Interest Rate.

Undrawn Commitment Fees. From and after the Series 20112006-1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 20112006-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Payment Date in accordance with Section 5.14 of the Base Indenture, commencing on June February 20, 20112007. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20112006-1 Class A-1 Note Rate.