Common use of Limited Guarantee Clause in Contracts

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, ▇ and Standard & Poor's and Fitch's. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitchthe Rating Agencies. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's ▇ and Fitch. f. The Class C Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's, Moody's and Fitch. f. The Class C Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the CompanyGuarantor) shall notify the Company Guarantor of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company Guarantor shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company Guarantor under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company Guarantor to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company Guarantor to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company Guarantor acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company Guarantor of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company Guarantor fails to make a Guarantee Payment in whole or in part, the Company Guarantor shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and FitchMoody's. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the CompanyGuarantor's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(DS)860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) 860G(a)(7) of the Code in accordance with (S) 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the CompanyGuarantor) shall notify the Company Guarantor of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company Guarantor shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company Guarantor under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company Guarantor to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company Guarantor to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company Guarantor acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company Guarantor of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company Guarantor fails to make a Guarantee Payment in whole or in part, the Company Guarantor shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the CompanyGuarantor's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇ and ▇, Standard & Poor's and Fitch▇▇▇▇. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the CompanyGuarantor) shall notify the Company Guarantor of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company Guarantor shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company Guarantor under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company Guarantor to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company Guarantor to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company Guarantor acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company Guarantor of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company Guarantor fails to make a Guarantee Payment in whole or in part, the Company Guarantor shall promptly notify the Trustee, and the Trustee shall promptly notify Fitch and ▇▇▇▇▇'▇, Standard & Poor's and Fitch. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the CompanyGuarantor's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.

Limited Guarantee. a. No later than the third Business Day prior to each Remittance Date, the Servicer (if other than the Company) shall notify the Company of the amount of the Guarantee Payment (if any) for such Remittance Date. Not later than the Business Day preceding each Remittance Date, the Company shall deposit the Guarantee Payment, if any, for such Remittance Date into the Certificate Account. b. The obligations of the Company under this Section shall not terminate upon or otherwise be affected by a Service Transfer pursuant to Article VII of this Agreement. c. The obligation of the Company to provide the Limited Guarantee under this Agreement shall terminate on the Final Remittance Date. d. The obligation of the Company to make the Guarantee Payments described in subsection (a) above shall be unconditional and irrevocable. The Company acknowledges that its obligation to make the Guarantee Payments described in subsection (a) above shall be deemed a guarantee by the Company of indebtedness of the Trust for money borrowed from the Class B-2 Certificateholders. e. If the Company fails to make a Guarantee Payment in whole or in part, the Company shall promptly notify the Trustee, and the Trustee shall promptly notify ▇▇▇▇▇'▇, Standard & Poor's ▇ and Fitch. f. The Class C Subsidiary Certificateholders may at any time, but are not obligated to, supplement the Company's Limited Guarantee by depositing assets in a "qualified reserve fund," within the meaning of (S) ss. 860G(a)(7) of the Code in accordance with (S) ss. 860G(d)(2)(D) of the Code.