Common use of Early Amortization Event/Distribution of Principal Notices Clause in Contracts

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to the Series 1997-2, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 1997-2, the Trustee shall give notice (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) to the Agent, who in turn shall give notice to each Purchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 1997-2 Amortization Period, the Master Servicer shall direct the Agent to send notice to each Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers with respect to the outstanding VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to the Series 19972000-21, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 19972000-2, 1 (i) the Trustee shall give notice (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) to the Agent, who in turn Agent shall give notice to each PurchaserPurchaser and the Insurer. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 19972000-2 1 Amortization Period, the Master Servicer shall direct the Agent to send notice to each PurchaserPurchaser and the Insurer, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers each Purchaser with respect to their Beneficial Interests in the outstanding VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to the Series 19971999-2A, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 19971999-2A, the Trustee shall give notice (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) to the Agent, who in turn shall give notice to each PurchaserPurchaser within one Business Day after the Agent receives such notice. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 19971999-2 A Amortization Period, the Master Servicer shall direct the Agent to send notice to each Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers with respect to the outstanding VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event or Potential Early Amortization Event with respect to the Series 19971998-21, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Funding Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 19971998-21, the Trustee shall give notice thereof (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, given in writing not later than the second Business Day after such receipt) and (ii) to the Funding Agent, who in turn shall give notice to each Purchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 19971998-2 1 Amortization Period, the Master Servicer shall direct the Funding Agent to send notice to each Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers with respect to the outstanding VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event or Potential Early Amortization Event with respect to the Series 19971998-2, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Funding Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 19971998-2, the Trustee shall give notice thereof (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, given in writing not later than the second Business Day after such receipt) and (ii) to the Funding Agent, who in turn shall give notice to each Purchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 19971998-2 Amortization Period, the Master Servicer shall direct the Funding Agent to send notice to each Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers with respect to the outstanding VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to the Series 1997-2A, the Company or the Master Servicer, as the case may be, shall Series 1997-2 Supplement give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 1997-2A, the Trustee shall give notice (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) to the Agent, who in turn shall give notice to each Purchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 1997-2 Amortization A Amortiza tion Period, the Master Servicer shall direct the Agent to send notice to each Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to the Purchasers with respect to the outstanding VFC Certificates.. Series 1997-A Supplement ARTICLE V