Common use of Rapid Amortization Period Clause in Contracts

Rapid Amortization Period. Commencing on the second Determination Date during the Series 2005-3 Controlled Amortization Period or the first Determination Date after the commence-ment of the Series 2005-3 Rapid Amortization Period, the Administrator shall in-struct the Trustee and the Paying Agent in writing pursu-ant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 2005-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5, (ii) any amounts to be withdrawn from the Series 2005-3 Reserve Account and deposited into the Series 2005-3 Distribution Ac-count or (iii) any amounts to be drawn on the Series 2005-3 Demand Notes and/or on the Series 2005-3 Letters of Credit (or withdrawn from the Series 2005-3 Cash Collateral Account). On the Dis-tribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 2005-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.5, from the Series 2005-3 Collection Account and deposit such amount in the Series 2005-3 Distri-bution Account, to be paid to the holders of the Series 2005-3 Notes.

Rapid Amortization Period. Commencing on the second Determination Date during the any Series 20052015-3 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052015-3 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052015-3 Reserve Account and deposited into the Series 20052015-3 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052015-3 Demand Notes and/or on the Multi-Series 2005-3 Letters of Credit (or withdrawn from the Series 20052015-3 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052015-3 Collection Account and deposit such amount in the Series 20052015-3 Distri-bution Distribution Account, to be paid to the holders of the Series 20052015-3 NotesNotes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052015-3 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052015-3 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052015-3 Reserve Account and deposited into the Series 20052015-3 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052015-3 Demand Notes and/or on the Series 20052015-3 Letters of Credit (or withdrawn Americas 90884077 (2K) 63 from the Series 20052015-3 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052015-3 Collection Account and deposit such amount in the Series 20052015-3 Distri-bution Distribution Account, to be paid to the holders of the Series 20052015-3 Notes.

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052022-3 2 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052022-3 2 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052022-3 2 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052022-3 2 Reserve Account and deposited into the Series 20052022-3 2 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052022-3 2 Demand Notes and/or on the Multi-Series 2005-3 Letters of Credit (or withdrawn from the Series 20052022-3 2 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052022-3 2 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052022-3 2 Collection Account and deposit such amount in the Series 20052022-3 Distri-bution 2 Distribution Account, to be paid to the holders of the Series 20052022-3 Notes2 Notes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052010-3 6 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052010-3 6 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052010-3 6 Reserve Account and deposited into the Series 20052010-3 6 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052010-3 6 Demand Notes and/or on the Series 20052010-3 6 Letters of Credit (or withdrawn from the Series 20052010-3 6 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052010-3 6 Collection Account and deposit such amount in the Series 20052010-3 Distri-bution 6 Distribution Account, to be paid to the holders of the Series 20052010-3 Notes6 Notes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052015-3 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052015-3 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052015-3 Reserve Account and deposited into the Series 20052015-3 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052015-3 Demand Notes and/or on the Series 20052015-3 Letters of Credit (or withdrawn from the Series 20052015-3 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052015-3 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052015-3 Collection Account and deposit such amount in the Series 20052015-3 Distri-bution Distribution Account, to be paid to the holders of the Series 20052015-3 NotesNotes in accordance with Section 3.5(e).

Rapid Amortization Period. Commencing on the second Determination Date during the Series 20052010-3 6 Controlled Amortization Period or the first Determination Date after the commence-ment commencement of the Series 20052010-3 6 Rapid Amortization Period, the Administrator shall in-struct instruct the Trustee and the Paying Agent in writing pursu-ant pursuant to the Administration Agreement and in accordance with this Section 3.5 as to (i) the amount allocated to the Series 20052010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, and the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, (ii) any amounts to be withdrawn from the Series 20052010-3 6 Reserve Account and deposited into the Series 20052010-3 6 Distribution Ac-count Account or (iii) any amounts to be drawn on the Series 20052010-3 6 Demand Notes and/or on the Series 20052010-3 6 Letters of Credit (or withdrawn from the Series 20052010-3 6 Cash Collateral Account). On the Dis-tribution Distribution Date following each such Determination Date, the Trustee shall withdraw the amount allocated to the Series 20052010-3 6 Notes during the Related Month pursuant to Section 3.2(b)(ii), (c)(ii) or (d)(ii), as the case may be, less the portion of such amount, if any, that has been previously applied to make a Decrease pursuant to Section 2.52.5 during the Related Month, from the Series 20052010-3 6 Collection Account and deposit such amount in the Series 20052010-3 Distri-bution 6 Distribution Account, to be paid to the holders of the Series 20052010-3 6 Notes.