Common use of Note Principal Balance Clause in Contracts

Note Principal Balance. If the Sponsor elects to exercise its right it will notify the Issuer, the Servicer, the Indenture Trustee and the Insurer no later than thirty-five (35) days prior to the Payment Date on which the transfer is to take place. The Indenture Trustee will make the transfer on such Payment Date subject to Section 7.01(d) and provided that the Redemption Price for the Class A-2 Notes has been deposited with it not less than five (5) Business Days prior to such Payment Date.

Note Principal Balance. If the Sponsor elects to exercise its right it will notify the Issuer, the Servicer, the Indenture Trustee and the Insurer no later than thirty-five (35) days prior to the Payment Date on which the transfer is to take place. The Indenture Trustee will make the transfer on such Payment Date subject to Section 7.01(d) and provided that the Redemption Price for the Class A-2 A-1 Notes has been deposited with it not less than five (5) Business Days prior to such Payment Date.

Note Principal Balance. If the Sponsor elects to exercise its right it will notify the Issuer, the Servicer, the Indenture Trustee and the Insurer no later than thirty-five (35) days prior to the Payment Date on which the transfer is to take place. The Indenture Trustee will make the transfer on such Payment Date subject to Section 7.01(d) and provided that the Redemption Price for the Class A-2 A-3 Notes has been deposited with it not less than five (5) Business Days prior to such Payment Date.