Common use of The Certificate Insurance Policy Clause in Contracts

The Certificate Insurance Policy. (a) Not later than 3:00 p.m., New York time, on the third Business Day immediately preceding each Distribution Date, the Trust Administrator shall determine the Available Funds for such Distribution Date. To the extent any Available Funds Shortfall will exist for any Distribution Date after giving effect to the distributions specified in Section 4.04(b) hereof (calculating such distributions without giving effect to any Insured Payment to be made on such Distribution Date), the Trust Administrator shall complete a notice in the form attached to the Policy (the "Notice") and shall submit such Notice to the Certificate Insurer no later than 10:00 a.m., New York time, on the second Business Day preceding such Distribution Date. Such Notice may be delivered by electronic facsimile (in which case the original shall be sent by overnight courier). The Notice shall constitute a claim for an Insured Payment pursuant to the Policy for an amount equal to the Available Funds Shortfall. Upon receipt of Insured Payments on behalf of the Certificateholders, the Trust Administrator shall deposit such Insured Payments in the Policy Payments Account, and shall thereafter transfer such Insured Payments to the Certificate Account for distribution solely to the related Certificateholders in accordance with Section 4.04(b).

The Certificate Insurance Policy. (a) Not later than 3:00 p.m., New York time, on the third Business Day immediately preceding each Distribution Date, the Trust Administrator shall determine the Available Funds for such Distribution Date. To the extent any Available Funds Shortfall will exist for any Distribution Date after giving effect to the distributions specified in Section 4.04(b4.04(a) hereof (calculating such distributions without giving effect to any Insured Payment to be made on such Distribution Date), the Trust Administrator shall complete a notice in the form attached to the Policy (the "Notice") and shall submit such Notice to the Certificate Insurer no later than 10:00 a.m., New York time, on the second Business Day preceding such Distribution Date. Such Notice may be delivered by electronic facsimile (in which case the original shall be sent by overnight courier). The Notice shall constitute a claim for an Insured Payment pursuant to the Policy for an amount equal to the Available Funds Shortfall. Upon receipt of Insured Payments on behalf of the Certificateholders, the Trust Administrator shall deposit such Insured Payments in the Policy Payments Account, and shall thereafter transfer such Insured Payments to the Certificate Account for distribution solely to the related Certificateholders in accordance with Section 4.04(b4.04(a).

The Certificate Insurance Policy. (a) Not As soon as possible, and in no event later than 3:00 p.m., New York time, on the third Business Day immediately preceding each Distribution Date, the Trust Administrator shall determine the Available Funds Distribution Amount (net of any Insured Payments) for such Distribution Date minus the amount of any Premium Amount to be paid on such Distribution Date. To the extent any Available Funds Shortfall will exist If for any Distribution Date after giving effect to the distributions specified in Section 4.04(b) hereof (calculating such distributions without giving effect to any Insured Payment to be made on such Distribution Date)a Deficiency Amount exists, the Trust Administrator shall complete a notice in the form attached set forth as Exhibit A to the Certificate Insurance Policy (the "“Notice"”) and shall submit such Notice to the Certificate Insurer Fiscal Agent no later than 10:00 a.m.12:00 noon, New York time, on the second Business Day preceding such Distribution Date. Such Notice may be delivered by electronic facsimile (in which case the original shall be sent by overnight courier). The Notice shall constitute a claim for an Insured Payment pursuant to the Certificate Insurance Policy for an amount equal to the Available Funds ShortfallDeficiency Amount. Upon receipt of the Insured Payments Payment, at or prior to the latest time payments of the Insured Payment are to be made by the Certificate Insurer pursuant to the Certificate Insurance Policy, on behalf of the Class [A] Certificateholders, the Trust Administrator shall deposit such Insured Payments in the Policy Payments Account, Distribution Account and shall thereafter transfer distribute such Insured Payments to the Certificate Account for distribution solely to the related Certificateholders only in accordance with Section 4.04(b5.01(a)(i), (ii), (iii) and (iv).

The Certificate Insurance Policy. (a) Not later than 3:00 p.m., New York time, on the third Business Day immediately preceding each Distribution Date, the Trust Administrator Trustee shall determine the Available Funds for such Distribution Date. To the extent any Available Funds Shortfall will exist for any Distribution Date after giving effect to the distributions specified in Section 4.04(b) hereof (calculating such distributions without giving effect to any Insured Payment to be made on such Distribution Date), the Trust Administrator Trustee shall complete a notice in the form attached to the Policy (the "Notice") and shall submit such Notice to the Certificate Insurer no later than 10:00 a.m., New York time, on the second Business Day preceding such Distribution Date. Such Notice may be delivered by electronic facsimile (in which case the original shall be sent by overnight courier). The Notice shall constitute a claim for an Insured Payment pursuant to the Policy for an amount equal to the Available Funds Shortfall. Upon receipt of Insured Payments on behalf of the Certificateholders, the Trust Administrator Trustee shall deposit such Insured Payments in the Policy Payments Account, and shall thereafter transfer such Insured Payments to the Certificate Account for distribution solely to the related Certificateholders in accordance with Section 4.04(b).