Common use of Certificate Balance Clause in Contracts

Certificate Balance. Distributions on this Class A-4 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-4 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of Cede & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-4 Certificate will be made only upon presentation and surrender of this Class A-4 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-4 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-4 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-4 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. In the event amounts available for withdrawal from the Certificate Account are insufficient to make distributions on the Class A-4 Certificates, the Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.

Certificate Balance. Distributions on this Class A-4 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-4 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of Cede CEDE & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-4 Certificate will be made only upon presentation and surrender of this Class A-4 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-4 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-4 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-4 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. The Agreement provides for certain amounts to be deposited into the Spread Account. In the event amounts available for withdrawal from the Certificate Spread Account are insufficient to make distributions on the Class A-4 Certificates, the Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.

Certificate Balance. Distributions on this Class A-4 A-1 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-4 A-1 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of Cede CEDE & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-4 A-1 Certificate will be made only upon presentation and surrender of this Class A-4 A-1 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-4 A-1 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-4 A-1 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-4 A-1 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. The Agreement provides for certain amounts to be deposited into the Spread Account. In the event amounts available for withdrawal from the Certificate Spread Account are insufficient to make distributions on the Class A-4 A-1 Certificates, the Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.

Certificate Balance. Distributions on this Class A-4 A-1 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-4 A-1 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of Cede CEDE & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-4 A-1 Certificate will be made only upon presentation and surrender of this Class A-4 A-1 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-4 A-1 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-4 A-1 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-4 A-1 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. The Agreement provides for certain amounts to be deposited into the Spread Account. In the event amounts available for withdrawal from the Certificate Spread Account are insufficient to make distributions on the Class A-4 A-1 Certificates, the Trustee will draw on the Policy Surety Bond up to the Policy Surety Bond Amount to pay such deficiency.

Certificate Balance. Distributions on this Class A-4 A-1 Certificate will be made by the Trustee by check mailed to the Person entitled thereto without the presentation or surrender of this Class A-4 A-1 Certificate or the making of any notation hereon, except that with respect to Certificates registered in the name of Cede & Co., the nominee registrant for The Depository Trust Company, payments will be made in the form of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Class A-4 A-1 Certificate will be made only upon presentation and surrender of this Class A-4 A-1 Certificate at the office or agency maintained for that purpose by the Trustee in the Borough of Manhattan, The City of New York. Unless the certificate of authentication hereon shall have been executed by a Responsible Officer of the Trustee, by manual or facsimile signature, this Class A-4 A-1 Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. The Class A-4 A-1 Certificates do not represent an obligation of, or an interest in, the Depositor or any affiliate of the Depositor. The Class A-4 A-1 Certificates are limited in right of payment to certain collections and recoveries respecting the Receivables, all as more specifically set forth in the Agreement. In the event amounts available for withdrawal from the Certificate Account are insufficient to make distributions on the Class A-4 A-1 Certificates, the Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.