Common use of Interest Drawings Clause in Contracts

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) 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 for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates at the Stated Interest Rate on the Pool Balance of the Class G Certificates and, without duplication, accrued and unpaid interest on any Deposit relating to the Escrow Receipts, in each case on such Distribution Date ("Accrued Class G Interest"), then the Subordination Agent (i) prior to 1:00 p.m. (New York City time) on such Distribution Date shall 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 Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt shall pay such amount from the Policy Account to the Class G Trustee in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the subordination provisions of this Agreement and to the application of Prior Fundsavailable funds in accordance with the priorities specified in Section 2.04 and Article III, and taking into account any Drawing paid under the Class G Liquidity Facility in respect of Accrued Class G Interest due on such Distribution Date and any withdrawal of funds from the Class G Cash Collateral Account in respect of Accrued Class G Interest due on such Distribution Date, the Subordination Agent does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates at the Stated Interest Rate on the Pool Balance of the Class G Certificates and, without duplication, accrued and unpaid interest on any Deposit relating to the Escrow Receipts, in each case on such Distribution Date ("Accrued Class G Interest"), then the Subordination Agent (i) then, prior to 1:00 p.m. (New York City time) on such Regular Distribution Date Date, the Subordination Agent (i) shall deliver a Notice for Paymentof 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 sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt of funds, shall pay such amount from the Policy Account to the Class G Trustee in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than the Final Legal Distribution Date) after giving effect to the subordination provisions of this Agreement and to the application of Prior Fundsavailable 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 Primary Liquidity Facility in respect of Accrued Class G Interest due on such Distribution Date and any withdrawal of funds from the Primary Cash Collateral Account and the Above-Cap Account in respect of such Accrued Class G Interest on such Distribution Date, the Subordination Agent does not then have sufficient funds available for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Class G Certificates at the Stated Interest Rate on the Pool Balance of the Class G Certificates and, without duplication, accrued and unpaid interest on any Deposit relating to the Escrow Receipts, in each case on such Distribution Date ("Accrued Class G Interest"), then the Subordination Agent (i) then, prior to 1:00 p.m. (New York City time) on such Distribution Date Date, the Subordination Agent (i) shall deliver a Notice for Paymentof Nonpayment, as provided in the Policy, 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 Subordination Agent to pay such Accrued Class G Interest and (ii) upon receipt shall pay such amount from the Policy Account to the Class G Trustee in payment of such Accrued Class G Interest on such Distribution Date.

Interest Drawings. If on any Regular Distribution Date (other than which is not also the Final Legal Distribution DateDate or a Special Distribution Date established pursuant to Section 3.6(b) or (c)) 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 for the payment of all amounts due and owing in respect of accrued and unpaid interest on the Senior Certificates of any Class G Certificates which has the benefit of a Policy ("Insured Senior Certificates") at the applicable Stated Interest Rate on the Pool Balance of the for such Class G Certificates and, without duplication, accrued and unpaid interest on (calculated assuming that JetBlue will not cure any Deposit relating to the Escrow Receipts, in each case on such Distribution Date Payment Default) ("Accrued Class G Interest"), then the Subordination Agent (iA) prior to 1:00 12:00 p.m. (New York City time) on such Distribution Date shall deliver a Notice for Payment, as provided in the Policyapplicable Policy for such Class, to the applicable Policy Provider or and its fiscal agentFiscal Agent, requesting a Policy Drawing under the applicable Policy (for payment into the applicable Policy Account) in an amount sufficient to enable the Subordination Agent to pay such Accrued Class G Interest and (iiB) upon receipt shall pay such amount from the applicable Policy Account to the Class G applicable Senior Trustee in payment of such Accrued Class G Interest on such Distribution DateInterest.