Common use of Demand Note Draw Clause in Contracts

Demand Note Draw. If on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 2003-5 Letters of Credit on such date, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver a Demand Notice to the Demand Note Issuers demanding payment of an amount equal to the lesser of (A) the Principal Deficit Amount and (B) the Series 2003-5 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2003-5 Demand Note to be deposited into the Series 2003-5 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2004-4 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2004-4 Termination Date is less than the Series 2004-4 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032004-5 4 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2004-4 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2004-4 Demand Notes in an amount equal to the lesser of (A1) the Principal Deficit Amount such insufficiency and (B2) the Series 20032004-5 4 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2004-4 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032004-5 4 Demand Note Notes to be deposited into the Series 20032004-5 4 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2002-2 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2002-2 Termination Date is less than the Series 2002-2 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032002-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2002-2 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to "DEMAND NOTICE") substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as EXHIBIT G on the Demand Note Issuers demanding for payment of under the Series 2002-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032002-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2002-2 Termination Date, deliver such Demand Notice to the Demand Note Issuers; providedPROVIDED, howeverHOWEVER, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032002-5 2 Demand Note Notes to be deposited into the Series 20032002-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2024-3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2024-3 Final Distribution Date will be greater is less than zero the Series 2024-3 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2024-3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2024-3 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032024-5 3 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-3 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032024-5 3 Demand Note Notes to be deposited into the Series 20032024-5 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2013-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2013-2 Final Distribution Date will be greater is less than zero the Series 2013-2 Invested Amount and there are any Series 20032013-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2013-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2013-2 Demand Notes in an amount equal to the lesser of (Ai) such insufficiency and (ii) the Principal Deficit sum of the Class A/B Letter of Credit Amount and (B) the Series 2003-5 Class C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2013-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032013-5 2 Demand Note Notes to be deposited into the Series 20032013-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2012-3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2012-3 Final Distribution Date will be greater is less than zero the Series 2012-3 Invested Amount and there are any Series 20032012-5 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2012-3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2012-3 Demand Notes in an amount equal to the lesser of (Ai) such insufficiency and (ii) the Principal Deficit sum of the Class A/B Letter of Credit Amount and (B) the Series 2003-5 Class C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2012-3 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032012-5 3 Demand Note Notes to be deposited into the Series 20032012-5 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2008-1 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2008-1 Termination Date is less than the Series 2008-1 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032008-5 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2008-1 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2008-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insuf­fici­ency and (Bii) the Series 20032008-5 1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2008-1 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive 60 consecu­tive days) with respect to a Demand Note Issuer shall have occurred and be continuingcontin­uing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032008-5 1 Demand Note Notes to be deposited into the Series 20032008-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2024-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2024-1 Final Distribution Date will be greater is less than zero the Series 2024-1 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2024-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2024-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032024-5 1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032024-5 1 Demand Note Notes to be deposited into the Series 20032024-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2025-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2025-2 Final Distribution Date will be greater is less than zero the Series 2025-2 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2025-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit I on the Demand Note Issuers demanding for payment of under the Series 2025-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032025-5 2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2025-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032025-5 2 Demand Note Notes to be deposited into the Series 20032025-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2015-3 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2015-3 Termination Date is less than the Class A Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2015-3 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2015-3 Demand Notes in an amount equal to the lesser of (Ai) such insufficiency and (ii) the Principal Deficit Amount and (B) the Allocated Multi-Series 2003-5 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2015-3 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032015-5 3 Demand Note Notes to be deposited into the Series 20032015-5 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2005-3 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2005-3 Termination Date is less than the Series 2005-3 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032005-5 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2005-3 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2005-3 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insuf-fici-ency and (Bii) the Series 20032005-5 3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2005-3 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive 60 consecu-tive days) with respect to a Demand Note Issuer shall have occurred and be continuingcontin-uing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032005-5 3 Demand Note Notes to be deposited into the Series 20032005-5 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2023-6 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2023-6 Final Distribution Date will be greater is less than zero the Series 2023-6 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2023-6 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2023-6 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032023-5 6 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2023-6 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032023-5 6 Demand Note Notes to be deposited into the Series 20032023-5 6 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2025-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2025-1 Final Distribution Date will be greater is less than zero the Series 2025-1 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2025-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit I on the Demand Note Issuers demanding for payment of under the Series 2025-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032025-5 1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2025-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032025-5 1 Demand Note Notes to be deposited into the Series 20032025-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2018-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2018-2 Final Distribution Date will be greater is less than zero the Series 2018-2 Senior Invested Amount and there are any Series 20032018-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2018-2 Final Distribution Date, the AMERICAS 96004183 37 Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2018-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032018-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2018-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032018-5 2 Demand Note Notes to be deposited into the Series 20032018-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2021-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2021-1 Final Distribution Date will be greater is less than zero the Series 2021-1 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2021-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit I on the Demand Note Issuers demanding for payment of under the Series 2021-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032021-5 1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2021-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032021-5 1 Demand Note Notes to be deposited into the Series 20032021-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2022-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2022-1 Final Distribution Date will be greater is less than zero the Series 2022-1 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2022-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit I on the Demand Note Issuers demanding for payment of under the Series 2022-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032022-5 1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2022-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032022-5 1 Demand Note Notes to be deposited into the Series 20032022-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2002-4 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2002-4 Termination Date is less than the Series 2002-4 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032002-5 4 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2002-4 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to "DEMAND NOTICE") substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as EXHIBIT G on the Demand Note Issuers demanding for payment of under the Series 2002-4 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032002-5 4 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2002-4 Termination Date, deliver such Demand Notice to the Demand Note Issuers; providedPROVIDED, howeverHOWEVER, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032002-5 4 Demand Note Notes to be deposited into the Series 20032002-5 4 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2023-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2023-1 Final Distribution Date will be greater is less than zero the Series 2023-1 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2023-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2023-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032023-5 1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2023-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032023-5 1 Demand Note Notes to be deposited into the Series 20032023-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2024-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2024-2 Final Distribution Date will be greater is less than zero the Series 2024-2 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2024-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit H on the Demand Note Issuers demanding for payment of under the Series 2024-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032024-5 2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032024-5 2 Demand Note Notes to be deposited into the Series 20032024-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2021-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2021-2 Final Distribution Date will be greater is less than zero the Series 2021-2 Senior Invested Amount and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2021-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit I on the Demand Note Issuers demanding for payment of under the Series 2021-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032021-5 2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2021-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032021-5 2 Demand Note Notes to be deposited into the Series 20032021-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2010-6 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2010-6 Termination Date is less than the Class A Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2010-6 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2010-6 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032010-5 6 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2010-6 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032010-5 6 Demand Note Notes to be deposited into the Series 20032010-5 6 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2005-4 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) allocable to the Class A-1 Notes and the Class A-2 Notes on any Determination the Five Year Notes Final Distribution Date, or the Administrator determines that Class A-3 Notes on the Principal Deficit Class A-3 Final Distribution Date, as the case may be, is less than the sum of the Class A-1 Invested Amount with respect to and the next succeeding Distribution Date will be greater than zero Class A-2 Invested Amount, or the Class A-3 Invested Amount, as the case may be, and there are any Series 20032005-5 4 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2005-4 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2005-4 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032005-5 4 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2005-4 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032005-5 4 Demand Note Notes to be deposited into the Series 20032005-5 4 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2005-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2005-2 Final Distribution Date will be greater is less than zero the Series 2005-2 Invested Amount, and there are any Series 20032005-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2005-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2005-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032005-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2005-2 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032005-5 2 Demand Note Notes to be deposited into the Series 20032005-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2013-1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2013-1 Final Distribution Date will be greater is less than zero the Series 2013-1 Invested Amount and there are any Series 20032013-5 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2013-1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2013-1 Demand Notes in an amount equal to the lesser of (Ai) such insufficiency and (ii) the Principal Deficit sum of the Class A/B Letter of Credit Amount and (B) the Series 2003-5 Class C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2013-1 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032013-5 1 Demand Note Notes to be deposited into the Series 20032013-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2022-2 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2022-2 Termination Date is less than the Class A Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Multi-Series 2003-5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2022-2 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2022-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032022-5 2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2022-2 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032022-5 2 Demand Note Notes to be deposited into the Series 20032022-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2005-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination the Series 2005-2 Final Distribution Date, is less than the Administrator determines that the Principal Deficit Series 2005-2 Invested Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032005-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2005-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2005-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032005-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2005-2 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032005-5 2 Demand Note Notes to be deposited into the Series 20032005-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2007-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination the Series 2007-2 Final Distribution Date, is less than the Administrator determines that the Principal Deficit Series 2007-2 Invested Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032007-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2007-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2007-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032007-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2007-2 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032007-5 2 Demand Note Notes to be deposited into the Series 20032007-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2015-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2015-2 Final Distribution Date will be greater is less than zero the Series 2015-2 Invested Amount and there are any Series 20032015-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2015-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2015-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032015-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2015-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032015-5 2 Demand Note Notes to be deposited into the Series 20032015-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2004-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) allocable to the Class A-1 Notes and the Class A-2 Notes on any Determination the Three-Year Notes Final Distribution Date, or the Administrator determines that Class A-3 Notes on the Principal Deficit Class A-3 Final Distribution Date, as the case may be, is less than the sum of the Class A-1 Invested Amount with respect to and the next succeeding Distribution Date will be greater than zero Class A-2 Invested Amount, or the Class A-3 Invested Amount, as the case may be, and there are any Series 20032004-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2004-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2004-2 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 20032004-5 2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2004-2 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032004-5 2 Demand Note Notes to be deposited into the Series 20032004-5 2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2004-1 Distribution Account in accordance with Section 3.5(a) together with any amounts to be deposited therein in accordance with Section 3.5(c) and Section 3.5(d)(i) on any Determination Datethe Series 2004-1 Termination Date is less than the Series 2004-1 Invested Amount, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Distribution Date will be greater than zero and there are any Series 20032004-5 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Distribution the Series 2004-1 Termination Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2004-1 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insuf-fici-ency and (Bii) the Series 20032004-5 1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Distribution the Series 2004-1 Termination Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive 60 consecu-tive days) with respect to a Demand Note Issuer shall have occurred and be continuingcontin-uing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032004-5 1 Demand Note Notes to be deposited into the Series 20032004-5 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2012-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on any Determination Date, the Administrator determines that the Principal Deficit Amount with respect to the next succeeding Series 2012-2 Final Distribution Date will be greater is less than zero the Series 2012-2 Invested Amount and there are any Series 20032012-5 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such the Series 2012-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (with a copy to “Demand Notice”) substantially in the Surety Provider) to deliver a Demand Notice to form attached hereto as Exhibit G on the Demand Note Issuers demanding for payment of under the Series 2012-2 Demand Notes in an amount equal to the lesser of (Ai) such insufficiency and (ii) the Principal Deficit sum of the Class A/B Letter of Credit Amount and (B) the Series 2003-5 Class C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2012-2 Final Distribution Date, Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20032012-5 2 Demand Note Notes to be deposited into the Series 20032012-5 2 Distribution Account.. NEWYORK ▇▇▇▇▇▇▇ (2K)A&R Series 2012-2 Supplement (Class C Note issuance) 43

Demand Note Draw. If the amount to be deposited in the Series 2003-3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) allocable to the Class A-1 Notes or the Class A-2 Notes on any Determination the Three-Year Notes Final Distribution Date or the Class A-3 Notes on the Class A-3 Final Distribution Date, as the Administrator determines that case may be, is less than the Principal Deficit sum of the Class A-1 Invested Amount with respect to and the next succeeding Distribution Date will be greater than zero Class A-2 Invested Amount or the Class A-3 Invested Amount, as the case may be, and there are any Series 2003-5 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to such Series 2003-3 Final Distribution Date, the Administrator shall instruct the Trustee in writing (with a copy to the Surety Provider) to deliver make a demand (a “Demand Notice to Notice”) substantially in the form attached hereto as Exhibit F on the Demand Note Issuers demanding for payment of under the Series 2003-3 Demand Notes in an amount equal to the lesser of (Ai) the Principal Deficit Amount such insufficiency and (Bii) the Series 2003-5 3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2003-3 Final Distribution Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2003-5 3 Demand Note Notes to be deposited into the Series 2003-5 3 Distribution Account.