Final Policy Drawing Sample Clauses

Final Policy Drawing. If on the applicable Final Legal Distribution Date of the Class G Certificates after giving effect to the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on such Class of Certificates then, prior to 1:00 p.m. (New York City time) on such date the Subordination Agent shall: (i) deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on such Class of Certificates, and (ii) shall pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date.
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Final Policy Drawing. If on the Final Legal Distribution Date of the Class G Certificates after giving effect to the application of available funds in accordance with the priorities specified in Section 2.04 and Article III, and taking into account the application of any Drawing paid under the Class G Liquidity Facility in respect of interest included in the Final Distribution and any withdrawal of funds in the Class G Cash Collateral Account in respect of interest included in the Final Distribution, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distribution (calculated as at such date but excluding any accrued and unpaid premium) on the Class G Certificates then, prior to 1:00 p.m. (New York City time) on such date, the Subordination Agent shall: (i) deliver a Notice of Nonpayment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distribution (calculated as at such date but excluding any accrued and unpaid premium) on the Class G Certificates, and (ii) shall pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date.
Final Policy Drawing. If on the Final Legal Distribution Date of the Class G Certificates after giving effect to the distribution of available funds in accordance with the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as of such date but excluding any accrued and unpaid Additional Payments or other premium) on the Class G Certificates then the Subordination Agent shall (i) prior to 1:00 p.m. (New York City time) on such date deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as of such date but excluding any accrued and unpaid premium) on the Class G Certificates, and (ii) upon receipt pay such amount from the Policy Account to the Class G Trustee in payment of such amount on such date. If on the Final Withdrawal Date (as defined in the Escrow and Paying Agent Agreement for the Class G Certificates) the full amount of the Class G Deposits has not been used to purchase the Class G Equipment Notes and there is a shortfall in the amount available to the Paying Agent for the payment in full of the unpaid principal amount of the Class G Escrow Receipts then, prior to 1:00 p.m. (New York City time) on such date, the Subordination Agent shall: (i) deliver a Notice of Nonpayment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount equal to the amount of such shortfall and (ii) shall pay such amount from the Policy Account to the Paying Agent for the Class G Trust in payment of such amount on such date.
Final Policy Drawing. If the Cash Manager determines (calculated as provided in Section 3.06(i)(iv)) that on the Legal Final Distribution Date of the Certificates there will be insufficient funds available for the payment in full of the Final Amount with respect to the Certificates as of such date, the Cash Manager shall, prior to 12:00 p.m. (New York City time) on the third Business Day prior to such Legal Final Distribution Date, instruct the Drawing Agent to request, and the Drawing Agent shall, no later than 12:00 p.m. (New York City time) on the second Business Day prior to such Legal Final Distribution Date, request a Policy Drawing under the Policy (for payment into the Certificate Account) in an amount sufficient to pay the Final Amount with respect to the Certificates. Upon receipt of such request for a Policy Drawing, the Policy Provider or its fiscal agent shall, no later than 12:00 p.m. (New York City time) on the later of (i) such Legal Final Distribution Date and (ii) the second Business Day following the Business Day on which the Policy Provider receives the Drawing Agent's request referred to above, pay under and in accordance with the terms of the Policy, an amount sufficient to pay the Final Amount in respect of the Certificates. Any request received by the Policy Provider after 12:00 p.m. (New York City time) on any Business Day shall be deemed to have been received by the Policy Provider on the next Business Day. Upon receipt, the Pass Through Trustee shall direct the payment of the amount in the Certificate Account to the holders of the Certificates in payment of the Final Amount therefor.
Final Policy Drawing. If the Cash Manager determines (calculated as provided in Section 3.07(g)(iv)) that on the Final Maturity Date of the Class G-1 Notes there will be insufficient funds available for the payment in full of the Outstanding Amount in respect of the Class G-1 Notes as of such date, the Cash Manager shall, prior to 12:00 p.m. (New York City time) on the third Business Day prior to such Final Maturity Date, instruct the Trustee in writing to request, and the Trustee shall, no later than 12:00 p.m. (New York City time) on the second Business Day prior to such Final Maturity Date, request a Policy Drawing under the Policy (for payment into the related Note Account) in an amount sufficient to pay the Outstanding Amount for the Class G-1 Notes. Upon receipt of such request for a Policy Drawing, the Policy Provider or its fiscal agent shall, no later than 12:00 p.m. (New York City time) on the later of (i) such Final Maturity Date and (ii) the second Business Day following the Business Day on which the Policy Provider receives the Trustee’s request referred to above, pay under and in accordance with the terms of the Policy, in respect of the Class G-1 Notes an amount sufficient to pay the Outstanding Amount for the Class G-1 Notes. Any request received by the Policy Provider after 12:00 p.m. (New York City time) on any Business Day or on any day that is not a Business Day shall be deemed to have been received by the Policy Provider on the next Business Day. Upon receipt, the Trustee shall direct the payment of the amount in the applicable Note Account to the holders of the Class G-1 Notes in payment of the Outstanding Amount therefor.
Final Policy Drawing. If on the Final Legal Maturity Date, after giving effect to the subordination provisions of Section 3.2 and to the application of Prior Funds, unless the Policy Provider shall have paid on any day prior thereto the Outstanding Amount as of such day pursuant to Section 3.6(b) or 3.6(c) of this Indenture, the Trustee does not then have sufficient funds available on such date for the payment in full of the Outstanding Amount as of such date, then the Trustee shall (i) prior to 1:00 p.m. (New York City time) on such date deliver a Notice for Payment, as provided in the Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under the Policy (for payment into the Policy Account) in an amount sufficient to enable the Trustee to pay such Outstanding Amount, and (ii) upon receipt pay such amount from the Policy Account to Securityholders in payment of such amount.
Final Policy Drawing. If on the Final Legal Distribution Date of the Class G Certificates after giving effect to the subordination provisions of this Agreement and to the application of any Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on the Class G Certificates then, the Subordination Agent shall request a Policy Drawing in accordance with Section 3.7(f) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as at such date but excluding any accrued and unpaid premium) on the Class G Certificates.
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Final Policy Drawing. If on the Final Legal Distribution Date of the Class G Certificates after giving effect to the application of available funds in accordance with the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as of such date but excluding any accrued and unpaid Premium and calculated assuming that Continental will not cure any Payment Default) on the Class G Certificates, then the Subordination Agent shall (i) prior to 12:00 p.m. (New York City time) on such date deliver a Notice for Payment, as provided in the Policy, to the Policy Provider and its Fiscal Agent, requesting a Policy Drawing under such Policy (for payment into the Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as of such date but excluding any accrued and unpaid Premium and calculated assuming that Continental will not cure any Payment Default) on the Class G Certificates and (ii) upon receipt pay such amount from the Policy Account to the Class G Trustee in payment of such amount.
Final Policy Drawing. If on the Final Legal Distribution Date of the Class G-1 Certificates or the Class G-2 Certificates, after giving effect to the subordination provisions of this Agreement and to the application of Prior Funds, the Subordination Agent does not then have sufficient funds available on such date for the payment in full of the Final Distributions (calculated as of such date but excluding any accrued and unpaid Premium) on the Class G-1 Certificates or the Class G-2 Certificates, as the case may be, then the Subordination Agent shall (i) prior to 1:00 p.m. (New York City time) on such date deliver a Notice for Payment, as provided in the related Policy, to the Policy Provider or its fiscal agent, requesting a Policy Drawing under such Policy (for payment into the applicable Policy Account) in an amount equal to the minimum amount sufficient to enable the Subordination Agent to pay the Final Distributions (calculated as of such date but excluding any accrued and unpaid Premium) on the Class G-1 Certificates or the Class G-2 Certificates, as the case may be, and (ii) upon receipt pay such amount from the applicable Policy Account to the Class G-1 Trustee or the Class G-2 Trustee, as applicable, in payment of such amount.
Final Policy Drawing. If the Cash Manager determines (calculated as provided in Section 3.06(i)(iv)) that on the Legal Final Distribution Date of the Certificates there will be insufficient funds available for the payment in full of the Final Amount with respect to the Certificates as of such date, the Cash Manager shall, prior to 12:00 p.m. (New York City time) on the third Business Day prior to such Legal Final Distribution Date, instruct the Drawing Agent to request, and the Drawing Agent shall, no later than 12:00 p.m. (New York City time) on the second Business Day prior to such Legal Final Distribution Date, request a Policy Drawing under the Policy (for payment into the Certificate Account) in an amount sufficient to pay the Final Amount with respect to the Certificates. Upon receipt of such request for a Policy Drawing, the Policy Provider or its fiscal agent shall, no later than 12:00 p.m. (New York City
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