Common use of Class HI Clause in Contracts

Class HI. B-2 Limited Guaranty 1. No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01. 2. The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. 3. The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date. 4. The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders. 5. If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch. 6. In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guarantee Fee payable in accordance with Section 8.04(b)(15).

Class HI. B-2 Limited Guaranty 1. (i) No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01. 2. (ii) The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. 3. (iii) The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date. 4. (iv) The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (1i) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1i) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders. 5. (v) If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch. 6. (vi) In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guarantee Guaranty Fee payable in accordance with Section 8.04(b)(158.04(b)(21).

Class HI. B-2 Limited Guaranty 1. No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01. 2. The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. 3. The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date. 4. The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders. 5. If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch. 6. In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guarantee Fee payable in accordance with Section 8.04(b)(15).

Class HI. B-2 Limited Guaranty 1. (i) No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01. 2. (ii) The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. 3. (iii) The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date. 4. (iv) The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders. 5. (v) If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitch. 6. (vi) In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guarantee Fee payable in accordance with Section 8.04(b)(15).

Class HI. B-2 Limited Guaranty 1. (i) No later than the third Business Day prior to each Payment Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Class HI: B-2 Guaranty Payment (if any) for such Payment Date. Not later than the Business Day preceding each Payment Date, the Company shall deposit the Class HI: B-2 Guaranty Payment, if any, for such Payment Date into the Certificate Account. Any Class HI: B-2 Guaranty Payment shall be distributable to Class HI: B-2 Certificateholders pursuant to Section 8.01. 2. (ii) The obligations of the Company under this Section 8.03(a) shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. 3. (iii) The obligation of the Company to provide the Class HI: B-2 Limited Guaranty under this Agreement shall terminate on the Final Payment Date. 4. (iv) The obligation of the Company to make the Class HI: B-2 Guaranty Payments described in subsection (1i) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Class HI: B-2 Guaranty Payments described in subsection (1i) above shall be deemed a guaranty by the Company of indebtedness of the Trust for money borrowed from the Class HI: B-2 Certificateholders. 5. (v) If the Company fails to make a Class HI: B-2 Guaranty Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify S&P and Fitchthe Rating Agencies. 6. (vi) In consideration of providing the Class HI: B-2 Limited Guaranty, the Company shall be entitled to the Class HI: B-2 Guarantee Guaranty Fee payable in accordance with Section 8.04(b)(158.04(b)(21).