Common use of Conditional Notice of Prepayment Clause in Contracts

Conditional Notice of Prepayment. Notwithstanding anything in Section 315 of the Master Trust Agreement to the contrary, prior to notice being given to the Owners of affected Series 2016B Certificates of any optional prepayment of Series 2016B Certificates under this Section 302, either (i) there shall be deposited with the Trustee an amount sufficient to pay the principal portion of the Basic Lease Payments represented by Series 2016B Certificates subject to prepayment, plus accrued interest to the prepayment date, plus any premium applicable to such prepayment, or (ii) such notice shall state that the prepayment is conditioned on the receipt of moneys for such prepayment by the Trustee on or prior to the Prepayment Date. In the event that a conditional notice of prepayment is given and such moneys are not timely received, the prepayment for which such notice was given shall not be undertaken. Amounts deposited pursuant to this paragraph shall be kept by the Trustee in a trust account separate and segregated from all other moneys deposited under the Trust Agreement and shall be held uninvested unless invested at the direction of an Authorized Officer only in Government Obligations that mature on or before the Prepayment Date. (a) There is hereby established the Series 2016B Cost of Issuance Account within the Project Fund, more particularly described in Section 402 of the Master Trust Agreement. The Series 2009A Trust Agreement established the Series 2009A Lease Payment Account and the Series 2009A Prepayment Account within the Project Fund, as more particularly described in Sections 403 and 405, respectively, of the Master Trust Agreement and Section 401 of the Series 2009A Trust Agreement. (b) The moneys on deposit in the Accounts and Subaccounts described herein shall be disbursed by the Trustee in the manner and for the purposes described in the Master Trust Agreement. Moneys in the Series 2009A Lease Payment Account and the Series 2009A Prepayment Account shall be paid in accordance with Section 403 and 405, respectively, of the Master Trust Agreement, equally and ratably with the Series 2009A Certificates.

Conditional Notice of Prepayment. Notwithstanding anything in Section 315 of the Master Trust Agreement to the contrary, prior to notice being given to the Owners of affected Series 2016B 2015A Certificates of any optional prepayment of Series 2016B 2015A Certificates under this Section 302, either (i) there shall be deposited with the Trustee an amount sufficient to pay the principal portion of the Basic Lease Payments represented by Series 2016B 2015A Certificates subject to prepayment, plus accrued interest to the prepayment date, plus any premium applicable to such prepayment, or (ii) such notice shall state that the prepayment is conditioned on the receipt of moneys for such prepayment by the Trustee on or prior to the Prepayment Date. In the event that a conditional notice of prepayment is given and such moneys are not timely received, the prepayment for which such notice was given shall not be undertaken. Amounts deposited pursuant to this paragraph shall be kept by the Trustee in a trust account separate and segregated from all other moneys deposited under the Trust Agreement and shall be held uninvested unless invested at the direction of an Authorized Officer only in Government Obligations that mature on or before the Prepayment Date. (a) There is hereby established within the Series 2016B 2015A Cost of Issuance Account within in the Project Fund, more particularly described in Section 402 of the Master Trust Agreement. The Series 2009A 2005A Trust Agreement established the Series 2009A 2005A Lease Payment Account and the Series 2009A 2005A Prepayment Account within the Project Fund, as more particularly described in Sections 403 and 405, respectively, of the Master Trust Agreement and Section 401 301 of the Series 2009A 2005A Trust Agreement. The Series 2006 Trust Agreement established the Series 2006 Lease Payment Account and the Series 2006 Prepayment Account within the Project Fund, as more particularly described in Sections 403 and 405, respectively, of the Master Trust Agreement and Section 301 of the Series 2006 Trust Agreement. The Series 2007A Trust Agreement has established the Series 2007A Lease Payment Account and the Series 2007A Prepayment Account within the Project Fund, as more particularly described in Sections 403 and 405, respectively, of the Master Trust Agreement and Section 301 of the Series 2007A Trust Agreement. (b) The moneys on deposit in the Accounts and Subaccounts described herein shall be disbursed by the Trustee in the manner and for the purposes described in the Master Trust Agreement. Moneys in the Series 2009A Lease Payment Account and the Series 2009A Prepayment Account shall be paid in accordance with Section 403 and 405, respectively, of the Master Trust Agreement, equally and ratably with the Series 2009A Certificates.