Common use of Credit Facility Drawings Clause in Contracts

Credit Facility Drawings. If the Cash Manager determines in accordance with Section 3.06(f) hereof that after making all withdrawals (prior to any drawings under the Policy but after any withdrawals from the Senior Cash Collateral Account and the Credit Facility Reserve Account) and transfers to be made with respect to the applicable Payment Date, there is (x) a Required Expenses Shortfall, (y) a Senior Hedge Payments Shortfall and/or (z) a Credit Facility Interest Class A Shortfall, in each case as calculated in Section 3.06(f) hereof, the Cash Manager shall so notify the Trustees in writing and shall, no later than 1:00 p.m. (New York City time) three Business Days prior to such Payment Date, request a drawing (each such drawing, a "Credit Facility Drawing") under the Initial Credit Facility, to be paid on or prior to such Payment Date, in an amount equal to the lesser of (a) the aggregate amount of the shortfall from clauses (x), (y) and (z) above and (b) the Available Amount under the Initial Credit Facility.

Credit Facility Drawings. If the Cash Manager determines in accordance with Section 3.06(f) hereof that after making all withdrawals (prior to any drawings under the Policy but after any withdrawals from the Senior Cash Collateral Account and the Credit Facility Reserve Account) and transfers to be made with respect to the applicable Payment Date, there is (x) a Required Expenses Shortfall, (y) a Senior Hedge Payments Shortfall and/or (z) a Credit Facility Interest Class A Shortfall, in each case as calculated in Section 3.06(f) hereof, the Cash Manager shall so notify the Trustees in writing and shall, no later than 1:00 p.m. (New York City time) three Business Days prior to such Payment Date, request a drawing (each such drawing, a "“Credit Facility Drawing"”) under the Initial Credit Facility, to be paid on or prior to such Payment Date, in an amount equal to the lesser of (a) the aggregate amount of the shortfall from clauses (x), (y) and (z) above and (b) the Available Amount under the Initial Credit Facility.