Mandatory Decreases Sample Clauses

Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount, then, on the Payment Date immediately following discovery of such deficiency, the Issuer shall decrease the Series 1998-1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Enhancement Amount on or prior to such Payment Date and to all Decreases of the Series 1998-1 Invested Amount on such Payment Date, no such deficiency shall exist on such Payment Date (each reduction of the Series 1998-1 Invested Amount pursuant to this Section 4A.3(a), a "Mandatory Decrease"). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decreases to the Trustee.

Mandatory Decreases. Whenever (i) a Series 1997-1 Enhancement Deficiency exists, then, on the Distribution Date immediately following discovery of such Series 1997-1 Enhancement Deficiency, NFLP shall, on or before the next Distribution Date pay or deposit to the Series 1997-1 Collection Account to be allocated in accordance with Section 5.2 hereof, a principal payment to decrease the Series 1997-1 Invested Amount (subject to the limitations specified in Section 4.3(c) below) by the amount necessary, so that after giving effect to all Decreases of the Series 1997-1 Invested Amount on such Distribution Date, no such Series 1997-1 Enhancement Deficiency shall exist and (ii) a Series 1997 Asset Amount Deficiency exists, then, on the Distribution Date immediately following discovery of such Series 1997 Asset Amount Deficiency, NFLP shall, on or before the next Distribution Date pay or deposit to the Series 1997-1 Collection Account to be allocated in accordance with Section 5.2 hereof, a principal payment to decrease the Series 1997-1 Invested Amount (subject to the limitations specified in Section 4.3(c) below) in an amount equal to the Series 1997-1 Invested Percentage (with respect to Principal Collections) of the amount of such Series 1997 Asset Amount Deficiency (each reduction of the Series 1997-1 Invested Amount pursuant to this Section 4.3(a), a "Mandatory Decrease"). Upon discovery of such a Series 1997-1 Enhancement Deficiency, NFLP shall deliver notice of any such Mandatory Decreases to the Trustee.

Mandatory Decreases. Three (3) Business Days prior to any Mandatory Decrease Date with respect to a CP Conduit Purchaser, CRCF or the Administrator on behalf of CRCF, shall submit a written request to the Trustee for a principal payment to be made with respect to the Series 2006-2 Note registered in the name of the Funding Agent with respect to such CP Conduit Purchaser, to be made in accordance with Section 2.5(a)(ii), in an amount at least equal to the Mandatory Decrease Amount for such Mandatory Decrease Date. Each Mandatory Decrease Amount will be due and payable by CRCF on the Mandatory Decrease Date and any failure to pay such amount shall constitute a failure to make a principal payment on the related Series 2006-2 Note.

Mandatory Decreases. Whenever the Series 1997-1 Enhancement Amount is less than the Series 1997-1 Minimum Enhancement Amount or a Series 1997 Asset Amount Deficiency exists, then, on the Distribution Date immediately following discovery of such deficiency, NFLP shall decrease the Series 1997-1 Invested Amount of the Series 1997-1 Notes as required under Section 4.3(a) of the Series 1997-1 Supplement.

Mandatory Decreases. Whenever the Enhancement Amount is less than the Minimum Enhancement Amount or an Asset Amount Deficiency exists, then, on the Payment Date immediately following discovery of such deficiency, RCFC shall decrease the Series 1998-1 Invested Amount of the Series 1998-1 Notes as required under Section 4A.3(a) of the Series 1998-1 Supplement.