Common use of Withdrawals from the Reserve Account Clause in Contracts

Withdrawals from the Reserve Account. If Available Funds are not sufficient to pay (i) on each Payment Date prior to the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH of subsection 3.1(a) plus the Principal Distribution Amount for such Payment Date or (ii) on the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH and all unpaid Principal Amounts on the Notes, the Trustee, at the direction of the Servicer, shall withdraw from the Reserve Account the lesser of the amounts sufficient to make such payments and the balance in the Reserve Account (the “Reserve Account Draw Amount”). On the Rated Final Maturity Date, the Noteholders will be entitled to the Reserve Account Draw Amount for such date, if any, to the extent of any unpaid balance of the Notes.

Withdrawals from the Reserve Account. If Available Funds are not sufficient to pay (i) on each Payment Date prior to the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH NINTH(A)(i) of subsection 3.1(a) plus the Principal Distribution Amount for such Payment Date or (ii) on the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH NINTH(A)(i) of subsection 3.1(a) and all unpaid Principal Amounts on the Notes, the Trustee, at the direction of the Servicer, shall withdraw from the Reserve Account the lesser of the amounts sufficient to make such payments and the balance in the Reserve Account (the “Reserve Account Draw Amount”). On the Rated Final Maturity Date, the Noteholders will be entitled to the Reserve Account Draw Amount for such date, if any, to the extent of any unpaid balance of the Notes.

Withdrawals from the Reserve Account. If Available Funds are not sufficient to pay (i) on each Payment Date prior to the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH NINTH of subsection 3.1(a) plus the Principal Distribution Amount for such Payment Date or (ii) on the Rated Final Maturity Date, those amounts described in provisions FIRST through EIGHTH NINTH and all unpaid Principal Amounts on the Notes, the Trustee, at the direction of the Servicer, shall withdraw from the Reserve Account the lesser of the amounts sufficient to make such payments and the balance in the Reserve Account (the “Reserve Account Draw Amount”). On the Rated Final Maturity Date, the Noteholders will be entitled to the Reserve Account Draw Amount for such date, if any, to the extent of any unpaid balance of the Notes.