Common use of Withdrawals from Principal Funding Account Clause in Contracts

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 2007-1 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 2007-1 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072005-1 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072005-1 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072008-1 2 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072008-1 2 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and full, third to the Class C Noteholders until paid in full and fourth to the Class D Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072008-1 2 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072008-1 2 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072008-1 3 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072008-1 3 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072006-1 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072006-1 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.

Withdrawals from Principal Funding Account. On each Principal Payment Date with respect to the Series 20072008-1 Notes, the aggregate amount on deposit in the Principal Funding Account will be withdrawn from the Principal Funding Account and remitted to the Paying Agent; provided, however, that the aggregate amount remitted to the Paying Agent will not exceed the Outstanding Dollar Principal Amount of the Series 20072008-1 Notes. Payments made by the Paying Agent on each Principal Payment Date shall be made first to the Class A Noteholders until paid in full, second to the Class B Noteholders until paid in full and third to the Class C Noteholders until paid in full, each in accordance with Section 3.19.