Common use of Note Existing Commitment Clause in Contracts

Note Existing Commitment. The Issuer shall not issue on or after the Closing Date any additional Series 2008-1 Notes pursuant to this Supplement or otherwise increase the aggregate Series 2008-1 Note Existing Commitment without (a) complying with the provisions of Section 205(d) hereof with respect to each such increase in the Series 2008-1 Note Existing Commitment, and (b) receipt by the Indenture Trustee and the Administrative Agent of a certificate from an officer of the Issuer stating that no Early Amortization Event, Manager Default or Event of Default has occurred and is then continuing or would result from the issuance of such new Series. Nothing contained in this Section 401 shall prohibit the assignment by any Series 2008-1 Noteholder of all or a portion of its Series 2008-1 Note Existing Commitment if, after giving effect to such assignment, the aggregate Series 2008-1 Note Existing Commitment shall not have increased.

Note Existing Commitment. The Issuer shall not issue on or after the Closing Restatement Effective Date any additional Series 20082005-1 Notes pursuant to this Supplement or otherwise increase the aggregate Series 20082005-1 Note Existing Commitment without (a) complying with the provisions prior written consent of Section 205(d) hereof with respect to each such increase in the Control Party for the Series 20082005-1 Note Existing CommitmentNotes and the Series Enhancer, and (b) receipt by the Indenture Trustee and the Administrative Agent of a certificate from an officer of the Issuer stating that no Early Amortization Event, Manager Default or Event of Default has occurred and is then continuing or would result from the issuance of such new SeriesSeries and (c) satisfying the Rating Agency Condition. Nothing contained in this Section 401 shall prohibit the assignment by any Series 20082005-1 Noteholder of all or a portion of its Series 20082005-1 Note Existing Commitment if, after giving effect to such assignment, the aggregate Series 20082005-1 Note Existing Commitment shall not have increased.