Common use of Optional Deferral Clause in Contracts

Optional Deferral. The Issuer may, at its sole discretion, elect to defer (in whole or in part) Distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice (an "Optional Deferral Notice") to the Holders (in accordance with Condition 14 (Notices)) not more than 10 nor less than five Business Days prior to a scheduled Distribution Payment Date.

Optional Deferral. The Issuer may, at its sole discretion, elect to defer (in whole or in part) Distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice (an "“Optional Deferral Notice"”) to the Holders (in accordance with Condition 14 (Notices)) not more than 10 nor less than five Business Days prior to a scheduled Distribution Payment Date.

Optional Deferral. The Issuer may, at its sole discretion, elect to defer (in whole or in part) Distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice (an "“Optional Deferral Notice"”) to the Holders Securityholders (in accordance with Condition 14 (Notices)11) not more than 10 ten (10) nor less than five (5) Business Days prior to a scheduled Distribution Payment DateDate unless a Compulsory Distribution Payment Event has occurred (an “Optional Deferral Event”).