Common use of Policy Matters Clause in Contracts

Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 Certificates pursuant to Section 4.02 will be insufficient to pay the Required Distributions on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA and the Fiscal Agent (as defined in the Class 1-A-3 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 Policy by 12:00 noon, New York City time on such third Business Day.

Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 A-4 Certificates pursuant to Section 4.02 4.02, will be insufficient to pay the Required Distributions on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA and the Fiscal Agent (as defined in the Class 1-A-3 A-4 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 A-4 Policy by 12:00 noon, New York City time on such third Business Day. The Trustee's responsibility for delivering the notice to MBIA as provided in the preceding sentence is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.

Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 A-2 Certificates pursuant to Section 4.02 will be insufficient to pay the Required Distributions on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA and the Fiscal Agent (as defined in the Class 1-A-3 A-2 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 A-2 Policy by 12:00 noon, New York City time on such third Business Day. The Trustee's responsibility for delivering the notice to MBIA as provided in the preceding sentence is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.

Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 A-6 Certificates pursuant to Section 4.02 will be insufficient to pay the Required Distributions Insured Payment on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA Radian and the Fiscal Agent (as defined in the Class 1-A-3 A-6 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 A-6 Policy by 12:00 noon, New York City time on such third Business Day.

Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 A-4 Certificates pursuant to Section 4.02 4.02, will be insufficient to pay the Required Distributions on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA and the Fiscal Agent (as defined in the Class 1-A-3 A-4 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 A-4 Policy by 12:00 noon, New York City time on such third Business Day. The Trustee's responsibility for delivering the notice to MBIA as provided in the preceding sentence is limited to the availability, timeliness and accuracy of the information provided by the Master Servicer.