Common use of Withdrawals from Spread Account Clause in Contracts

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the Total Distribution Amount with respect to such Determination Date is insufficient to make the payments required to be made on the related Payment Date pursuant to Section 5.7(b)(i) through (viii) (such deficiency being a "Deficiency Claim Amount"), then on the fourth Business Day immediately preceding the related Payment Date, the Trustee shall deliver to the Collateral Agent, the Owner Trustee, the Note Insurer, and the Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice") specifying the Deficiency Claim Amount for such Payment Date. Such Deficiency Notice shall direct the Collateral Agent to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed pursuant to the Spread Account Agreement) to the Trustee for deposit in the Collection Account and distribution pursuant to Sections 5.7(b)(i) through (viii), as applicable.

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the Total Distribution Amount amount of the Available Funds with respect to such Determination Date is insufficient to make less than the payments required to be made sum of the amounts payable on the related Payment Distribution Date pursuant to Section 5.7(b)(iclauses (i) through (viiiv) of Subsection 5.5(b) (such deficiency being a "Deficiency Claim Amount"), ) then on the fourth Business Day Deficiency Claim Date immediately preceding the related Payment such Distribution Date, the Trustee shall deliver to the Collateral Agent, the Owner Spread Account Trustee, the Note Certificate Insurer, the fiscal agent, if any, and the Servicer, by hand delivery, telex or facsimile transmission, a written notice in the form of Exhibit I (a "Deficiency Notice") specifying the Deficiency Claim Amount for such Payment Distribution Date. Such Deficiency Notice shall direct the Collateral Agent Spread Account Trustee to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed pursuant to the Spread Account Agreement) to the Trustee for deposit in the Collection Account and distribution pursuant to Sections 5.7(b)(i) through (viii), as applicableAccount.

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the Total Distribution Amount with respect to such Determination Date is insufficient to make the payments required to be made on the related Payment Date pursuant to Section 5.7(b)(iSections 5.7(a)(i) through (viiix) (such deficiency being a "Deficiency Claim AmountDEFICIENCY CLAIM AMOUNT"), then on the fourth Business Day immediately preceding the related Payment Date, the Trustee shall deliver to the Collateral Agent, the Owner Trustee, the Note Insurer, and the Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency NoticeDEFICIENCY NOTICE") specifying the Deficiency Claim Amount for such Payment Date. Such Deficiency Notice shall direct the Collateral Agent to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed pursuant to the Spread Account Agreement) to the Trustee for deposit in the Collection Account and distribution pursuant to Sections 5.7(b)(i5.7(a)(i) through (viiix), as applicable.

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the amount of the Total Distribution Amount with respect to such Determination Date is insufficient to make less than the payments required to be made sum of the amounts payable on the related Payment Distribution Date pursuant to Section 5.7(b)(iclauses (i) through (viiiiv) and subclause first of clause (v) of Section 4.6(c) (such deficiency being a "Deficiency Claim Amount"), ) then on the fourth Business Day Deficiency Claim Date immediately preceding the related Payment such Distribution Date, the Trustee shall deliver to [the Collateral Agent], the Owner TrusteeCertificate Insurer, the Note InsurerFiscal Agent (as such term is defined in the Insurance Agreement), and if any, the Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice") specifying the Deficiency Claim Amount for such Payment Distribution Date. Such Deficiency Notice shall direct [the Collateral Agent Agent] to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed pursuant to the Spread Account Agreement) to the Trustee for deposit in the Collection Account and distribution pursuant to Sections 5.7(b)(i) through (viii), as applicableAccount.

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the Total Distribution Amount with respect to such Determination Date is insufficient to make the payments required to be made on the related Payment Date pursuant to Section Sections 5.7(b)(i) through (viii) (such deficiency being a "Deficiency Claim Amount"), then on the fourth Business Day immediately preceding the related Payment Date, the Trustee shall deliver to the Collateral Agent, the Owner Trustee, the Note Insurer, and the Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice") specifying the Deficiency Claim Amount for such Payment Date. Such Deficiency Notice shall direct the Collateral Agent to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed pursuant to the Spread Account Agreement) to the Trustee for deposit in the Collection Account and distribution pursuant to Sections 5.7(b)(i) through (viii), as applicable.

Withdrawals from Spread Account. (a) In the event that the Servicer's Certificate with respect to any Determination Date shall state that the Total Distribution Amount Available Funds with respect to such Determination Date is insufficient to make the payments required to be made on the related Payment Date pursuant to Section 5.7(b)(iSections 4.07(a)(i) through (viiivi) (such deficiency being a "Deficiency Claim Amount"), then on the fourth third Business Day immediately preceding the related Payment Date, the Indenture Trustee shall deliver to the Collateral Agent, the Owner Trustee, the Note Insurer, and the Servicer, by hand delivery, telex or facsimile transmission, a written notice (a "Deficiency Notice") specifying the Deficiency Claim Amount for such Payment Date. Such Deficiency Notice shall direct the Collateral Agent to remit such Deficiency Claim Amount (to the extent of the funds available to be distributed paid pursuant to the Spread Account Agreement) to the Indenture Trustee for deposit in the Collection Account and distribution payment pursuant to Sections 5.7(b)(i4.07(a)(i) through (viiivi), as applicable.