Common use of Postponement of Accumulation Period Clause in Contracts

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July 2002 Distribution Date; provided, however, that, if the Accumulation -------- ------- Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June 2002 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July 2002 October 1999 Distribution Date; provided, however, that, if the Accumulation -------- ------- Accumulation Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June 2002 September 1999 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July September 2002 Distribution Date; provided, however, that, if the Accumulation -------- ------- Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June August 2002 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation Period ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July 2002 November 2001 Distribution Date; provided, however, that, if the Accumulation -------- ------- Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June 2002 October 2001 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July 2002 November 2000 Distribution Date; provided, however, that, if the Accumulation -------- ------- Accumulation Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June 2002 October 2000 Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence on the first day of the Due Period relating to the July 2002 _____________ Distribution Date; provided, however, that, if the Accumulation -------- ------- Accumulation Period Length (determined as described below) is less than 12 monthly periods, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences to the first day of the Due Period which ends in the month that is at least the number of calendar months prior to the calendar month in which the Class A Scheduled Payment Date occurs equal to the Accumulation Period Length; provided, however, that (i) the length of the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other Series. On the Determination Date with respect to the June 2002 ______________ Distribution Date, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods such that the Accumulation Period Amount for the Due Period relating to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Date.

Postponement of Accumulation Period. The Accumulation ----------------------------------- Period is scheduled to commence at the end of the day on the first last day of the January 2002 Due Period relating to the July 2002 Distribution DatePeriod; provided, however, that, if the Accumulation Period -------- ------- Period Length (determined as described below) is shall be less than 12 monthly periodsmonths, upon notice to the Trustee, the Seller, each Rating Agency and the Collateral Interest Holder, the Servicer, at its option, may elect to modify the date on which the Accumulation Period actually commences may, at the option of the Transferor, be delayed to the first day of the Due Period which ends in the any month that is at least the a number of calendar whole months prior to the calendar month in which the Class A Scheduled Payment Expected Final Distribution Date occurs at least equal to the Accumulation Period Length; providedLength and, howeveras a result, that (i) the length number of Due Periods in the Accumulation Period shall not be less than one monthly period and (ii) notwithstanding any other provision hereof to the contrary, no election to postpone the commencement of at least equal the Accumulation Period shall be made after a Liquidation Event shall have occurred and is continuing with respect to any other SeriesLength. On the each Determination Date with respect to until the June 2002 Distribution DateAccumulation Period begins, the Servicer shall determine the "Accumulation Period Length," which shall equal the number of monthly periods -------------------------- whole months such that the sum of the Accumulation Period Factors for each month during such period will be equal to or greater than the Required Accumulation Factor Number; provided, however, that the Accumulation Period Amount for the Due Period relating Length shall not -------- ------- be determined to the Class A Scheduled Payment Date, when aggregated with the Accumulation Period Amounts for each preceding Due Period, shall equal or exceed the Class A Initial Invested Amount. Any notice by the Servicer electing to modify the commencement of the Accumulation Period pursuant to this Section shall specify (i) the Accumulation Period Length, (ii) the commencement date of the Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Due Period preceding the Class A Scheduled Payment Datebe less than one month.