Common use of Letter of Credit Provider Clause in Contracts

Letter of Credit Provider. The Series 2004-1 Letter of Credit Amount shall be automatically increased upon receipt by (and written acknowledgment of such receipt by) the Trustee of written notice from the Series 2004-1 Letter of Credit Provider in substantially the form of Annex E attached hereto certifying that the Series 2004-1 Letter of Credit Amount has been increased and setting forth the amount of such increase. Each Credit Demand and Termination Demand shall be dated the date of its presentation, and shall be presented to the Series 2004-1 Letter of Credit Provider at the Series 2004-1 Letter of Credit Provider's Office. If the Series 2004-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 2004-1 Letter of Credit, not later than 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 2004-1 Letter of Credit Provider will make such funds available by 4:00 p.m. (New York City time) on the same day in accordance with your payment instructions. If the Series 2004-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 2004-1 Letter of Credit, after 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 2004-1 Letter of Credit Provider will make the funds available by 4:00 p.m. (New York City time) on the next succeeding Business Day in accordance with your payment instructions. If you so request the Series 2004-1 Letter of Credit Provider, payment under this Series 2004-1 Letter of Credit may be made by wire transfer of Federal Reserve Bank of New York funds to your respective accounts in a bank on the Federal Reserve wire system or by deposit of same day funds into a designated account. Upon the earliest of (i) the date on which the Series 2004-1 Letter of Credit Provider honors a Termination Demand presented hereunder to the extent of the Series 2004-1 Letter of Credit Amount as in effect on such date, (ii) the date on which the Series 2004-1 Letter of Credit Provider receives written notice from you that an alternate letter of credit or other credit enhancement has been substituted for this Series 2004-1 Letter of Credit and (iii) the Scheduled Letter of Credit Expiration Date, this Series 2004-1 Letter of Credit shall automatically terminate and you shall surrender this Series 2004-1 Letter of Credit to the undersigned Series 2004-1 Letter of Credit Provider on such day.

Letter of Credit Provider. The Series 20042002-1 Letter of Credit Amount shall be automatically increased upon receipt by (and written acknowledgment of such receipt by) the Trustee of written notice from the Series 20042002-1 Letter of Credit Provider in substantially the form of Annex E attached hereto certifying that the Series 20042002-1 Letter of Credit Amount has been increased and setting forth the amount of such increase. Each Credit Demand and Termination Demand shall be dated the date of its presentation, and shall be presented to the Series 20042002-1 Letter of Credit Provider at the Series 20042002-1 Letter of Credit Provider's Office. If the Series 20042002-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20042002-1 Letter of Credit, not later than 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20042002-1 Letter of Credit Provider will make such funds available by 4:00 p.m. (New York City time) on the same day in accordance with your payment instructions. If the Series 20042002-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20042002-1 Letter of Credit, after 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20042002-1 Letter of Credit Provider will make the funds available by 4:00 p.m. (New York City time) on the next succeeding Business Day in accordance with your payment instructions. If you so request the Series 20042002-1 Letter of Credit Provider, payment under this Series 20042002-1 Letter of Credit may be made by wire transfer of Federal Reserve Bank of New York funds to your respective accounts in a bank on the Federal Reserve wire system or by deposit of same day funds into a designated account. Upon the earliest of (i) the date on which the Series 20042002-1 Letter of Credit Provider honors a Termination Demand presented hereunder to the extent of the Series 20042002-1 Letter of Credit Amount as in effect on such date, (ii) the date on which the Series 20042002-1 Letter of Credit Provider receives written notice from you that an alternate letter of credit or other credit enhancement has been substituted for this Series 20042002-1 Letter of Credit and (iii) the Scheduled Letter of Credit Expiration Date, this Series 20042002-1 Letter of Credit shall automatically terminate and you shall surrender this Series 20042002-1 Letter of Credit to the undersigned Series 20042002-1 Letter of Credit Provider on such day.

Letter of Credit Provider. The Series 20041999-1 Letter of Credit Amount shall be automatically increased upon receipt by (and written acknowledgment of such receipt by) the Trustee of written notice from the Series 20041999-1 Letter of Credit Provider in substantially the form of Annex E attached hereto certifying that the Series 20041999-1 Letter of Credit Amount has been increased and setting forth the amount of such increase. Each Credit Demand and Termination Demand shall be dated the date of its presentation, and shall be presented to the Series 20041999-1 Letter of Credit Provider at the Series 20041999-1 Letter of Credit Provider's Office. If the Series 20041999-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20041999-1 Letter of Credit, not later than 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20041999-1 Letter of Credit Provider will make such funds available by 4:00 p.m. (New York City time) on the same day in accordance with your payment instructions. If the Series 20041999-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20041999-1 Letter of Credit, after 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20041999-1 Letter of Credit Provider will make the funds available by 4:00 p.m. (New York City time) on the next succeeding Business Day in accordance with your payment instructions. If you so request the Series 20041999-1 Letter of Credit Provider, payment under this Series 20041999-1 Letter of Credit may be made by wire transfer of Federal Reserve Bank of New York funds to your respective accounts in a bank on the Federal Reserve wire system or by deposit of same day funds into a designated account. Upon the earliest of (i) the date on which the Series 20041999-1 Letter of Credit Provider honors a Termination Demand presented hereunder to the extent of the Series 20041999-1 Letter of Credit Amount as in effect on such date, (ii) the date on which the Series 20041999-1 Letter of Credit Provider receives written notice from you that an alternate letter of credit or other credit enhancement has been substituted for this Series 20041999-1 Letter of Credit and (iii) the Scheduled Letter of Credit Expiration Date, this Series 20041999-1 Letter of Credit shall automatically terminate and you shall surrender this Series 20041999-1 Letter of Credit to the undersigned Series 20041999-1 Letter of Credit Provider on such day.. This Series 1999-1 Letter of Credit is transferable only in its entirety to any transferee(s) who you certify to the Series 1999-1 Letter of Credit Provider has succeeded you, as Trustee under the Series 1999-1 Supplement, and may be successively transferred only in its entirety. Transfer of this Series 1999-1 Letter of Credit to such transferee shall be effected by the presentation to the Series 1999-1 Letter of Credit Provider of this Series 1999-1 Letter of Credit accompanied by a certificate in substantially the form of Annex F attached hereto. Upon such presentation the Series 1999-1 Letter of Credit Provider shall forthwith transfer this Series 1999-1 Letter of Credit to the transferee and endorse this Series 1999-1 Letter of Credit in favor

Letter of Credit Provider. The Series 20041997-1 Letter of Credit Amount shall be automatically increased upon receipt by (and written acknowledgment of such receipt by) the Trustee of written notice from the Series 20041997-1 Letter of Credit Provider in substantially the form of Annex E attached hereto certifying that the Series 20041997-1 Letter of Credit Amount has been increased and setting forth the amount of such increase. Each Credit Demand and Termination Demand shall be dated the date of its presentation, and shall be presented to the Series 20041997-1 Letter of Credit Provider at the Series 20041997-1 Letter of Credit Provider's Office. If the Series 20041997-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20041997-1 Letter of Credit, not later than 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20041997-1 Letter of Credit Provider will make such funds available by 4:00 p.m. (New York City time) on the same day in accordance with your payment instructions. If the Series 20041997-1 Letter of Credit Provider receives any Credit Demand or Termination Demand at such office, all in strict conformity with the terms and conditions of this Series 20041997-1 Letter of Credit, after 1:00 p.m. (New York City time) on a Business Day prior to the termination hereof, the Series 20041997-1 Letter of Credit Provider will make the funds available by 4:00 p.m. (New York City time) on the next succeeding Business Day in accordance with your payment instructions. If you so request the Series 20041997-1 Letter of Credit Provider, payment under this Series 20041997-1 Letter of Credit may be made by wire transfer of Federal Reserve Bank of New York funds to your respective accounts in a bank on the Federal Reserve wire system or by deposit of same day funds into a designated account. The Series 1997-1 Letter of Credit Provider will make payments under this Series 1997-1 Letter of Credit out of its own funds. Upon the earliest of (i) the date on which the Series 20041997-1 Letter of Credit Provider honors a Termination Demand presented hereunder to the extent of the Series 20041997-1 Letter of Credit Amount as in effect on such date, (ii) the date on which the Series 20041997-1 Letter of Credit Provider receives written notice from you that an alternate letter of credit or other credit enhancement has been substituted for this Series 20041997-1 Letter of Credit and (iii) the Scheduled Letter of Credit Expiration Date, this Series 20041997-1 Letter of Credit shall automatically terminate and you shall surrender this Series 20041997-1 Letter of Credit to the undersigned Series 20041997-1 Letter of Credit Provider on such day.