Common use of Early Amortization Event/Distribution of Principal Notices Clause in Contracts

Early Amortization Event/Distribution of Principal Notices. Upon the Company or the Master Servicer obtaining actual knowledge of the occurrence of a Series 2000-1 Early Amortization Event or Potential Series 2000-1 Early Amortization Event, the Master Servicer shall give prompt written notice thereof to the Trustee, the Liquidation Servicer, the Administrative Agent and to each Funding Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of a Series 2000-1 Early Amortization Event, each Funding Agent shall give notice to each related Series 2000-1 Purchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 2000-1 Amortization Period, the Master Servicer shall direct each Funding Agent (with a copy to the Administrative Agent) to send notice to each related Series 2000-1 Purchaser, which notice shall set forth the amount of principal to be distributed on the related date to each Series 2000-1 Purchaser with respect to the outstanding Series 2000-1 VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the Company or the Master Servicer obtaining actual knowledge of ---------------------------------------------------------- the occurrence of a Series 2000-1 an Early Amortization Event or Potential with respect to Series 20001999-1 Early Amortization Event1, the Master Servicer Transferor or the Servicer, as the case may be, shall give prompt written notice thereof to the Trustee, Trustee and the Liquidation Servicer, the Administrative Agent and to each Funding Agentwithin one Business Day of obtaining knowledge thereof. As promptly as reasonably practicable after its receipt of notice of the occurrence of a Series 2000-1 any Early Amortization EventEvent with respect to Series 1999-1, each Funding the Agent shall give notice thereof to each related Series 20001999-1 PurchaserCertificateholder. In addition, on the two Business Day Days preceding each day on which a distribution of principal is to be made during the Series 2000-1 Early Amortization Period, the Master Servicer shall direct each Funding Agent (with a copy provide to the Administrative Agent) Agent and shall direct the Agent to send notice to each related Series 20001999-1 PurchaserCertificateholder, which notice shall set forth the amount of principal to be distributed on the related date to each the Series 20001999-1 Purchaser Certificateholders with respect to the outstanding Series 20001999-1 VFC Certificates.