Common use of Principal Deficit Amount Clause in Contracts

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 2009-1 Lease Principal Payment Deficit, the Administrator shall promptly provide written notice thereof to the Administrative Agent and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 2009-1 Lease Principal Payment Deficit exists, amounts shall be transferred to the Series 2009-1 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 2009-1 Lease Principal Payment Deficitdate, the Administrator shall promptly provide written notice thereof to the Administrative Agent Insurer and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 2009-1 Lease Principal Payment Deficit existszero, amounts shall be transferred to the Series 20092004-1 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 20092010-1 Lease Principal Payment Deficit, the Administrator shall promptly provide written notice thereof to the Administrative Agent and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 20092010-1 Lease Principal Payment Deficit exists, amounts shall be transferred to the Series 20092010-1 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 2009-1 Lease Principal Payment Deficitdate, the Administrator shall promptly provide written notice thereof to the Administrative Agent Insurer and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 2009-1 Lease Principal Payment Deficit existszero, amounts shall be transferred to the Series 20092005-1 3 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 2009-1 Lease Principal Payment Deficitdate, the Administrator shall promptly provide written notice thereof to the Administrative Agent Insurer and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 2009-1 Lease Principal Payment Deficit existszero, amounts shall be transferred to the Series 20092005-1 2 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Series 2010-2 Administrator determines that there exists a Series 20092010-1 2 Lease Principal Payment Deficit, the Series 2010-2 Administrator shall promptly provide written notice thereof to the Administrative Agent and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 20092010-1 2 Lease Principal Payment Deficit exists, amounts shall be transferred to the Series 20092010-1 2 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 2009-1 Lease Principal Payment Deficitdate, the Administrator shall promptly provide written notice thereof to the Administrative Agent Insurer and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 2009-1 Lease Principal Payment Deficit existszero, amounts shall be transferred to the Series 20092005-1 4 Distribution Account as follows:

Principal Deficit Amount. If the Principal Deficit Amount is greater than zero on any date or the Administrator determines that there exists a Series 20092008-1 Lease Principal Payment Deficit, the Administrator shall promptly provide written notice thereof to the Administrative Agent and the Trustee. On each Payment Date on which the Principal Deficit Amount is greater than zero or a Series 20092008-1 Lease Principal Payment Deficit exists, amounts shall be transferred to the Series 20092008-1 Distribution Account as follows: