Common use of Rapid Amortization Period Clause in Contracts

Rapid Amortization Period. If the Servicer determines on any Distribution Date during the Series 1999-1 Rapid Amortization Period that there exists a Series 1999-1 Lease Payment Deficit, the Servicer shall instruct the Trustee in writing to draw on the Series 1999-1 Letters of Credit and, upon receipt of such notice by the Trustee on or prior to 11:00 a.m. (New York City time) on such Distribution Date, the Trustee shall, by 12:00 noon (New York City time) on such Distribution Date draw an amount equal to the lesser of (i) such Series 1999-1 Lease Payment Deficit and (ii) the Series 1999-1 Letter of Credit Liquidity Amount on the Series 1999-1 Letters 45 45 of Credit by presenting to each Series 1999-1 Letter of Credit Provider a draft accompanied by a Certificate of Lease Deficit Demand and shall cause the Lease Deficit Disbursement to be deposited in the Series 1999-1 Collection Account such Distribution Date; provided, however that if the Series 1999-1 Cash Collateral Account has been established and funded, the Trustee shall withdraw from the Series 1999-1 Cash Collateral Account and deposit in the Series 1999-1 Collection Account an amount equal to the lesser of (x) the Series 1999-1 Cash Collateral Percentage on such Distribution Date of the Series 1999-1 Lease Payment Deficit and (y) the Series 1999-1 Available Cash Collateral Account Amount on such Distribution Date and draw an amount equal to the remainder of such amount on the Series 1999-1 Letters of Credit.

Rapid Amortization Period. If the Servicer determines on any Distribution Date during prior to the commencement of the Series 1999-1 Rapid Amortization Period that there exists a the sum of the amounts available from the Series 1999-1 Lease Payment DeficitAccrued Interest Account plus the amount, if any, to be withdrawn from the Series 1999-1 Reserve Account pursuant to Section 2.3(d) above is insufficient to pay the sum of the amounts described in clauses (x), (y) and (z) of Section 2.3(b) above on such Distribution Date, the Servicer shall instruct the Trustee in writing to draw on the Series 1999-1 Letters Letter of Credit and, upon receipt of such notice by the Trustee on or prior to 11:00 a.m. (New York City time) on such Distribution Date, the Trustee shall, by 12:00 noon (New York City time) on such Distribution Date draw an amount equal to the lesser least of (i) such insufficiency, (ii) the Series 1999-1 Lease Payment Deficit on such Distribution Date and (iiiii) the Series 1999-1 Letter of Credit Liquidity Amount on the Series 1999-1 Letters 45 45 of Credit by presenting to each Series 1999-1 Letter of Credit Provider a draft accompanied by a Certificate of Lease Deficit Demand and shall cause the Lease Deficit Disbursement to be deposited in the Series 1999-1 Collection Distribution Account on such Distribution Date; provided, however that if the Series 1999-1 Cash Collateral Account has been established and funded, the Trustee shall withdraw from the Series 1999-1 Cash Collateral Account and deposit in the Series 1999-1 Collection Distribution Account an amount equal to the lesser of (x) the Series 1999-1 Cash Collateral Percentage on such Distribution Date of the lesser of such insufficiency and the Series 1999-1 Lease Payment Deficit and (y) the Series 1999-1 Available Cash Collateral Account Amount on such Distribution Date and draw an amount equal to the remainder of such amount on the Series 1999-1 Letters of Credit.