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

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to Series 2000-1, the Company or the Master Servicer, as the case may be, shall give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 2000-1 (i) the Trustee shall give notice to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) the Agent shall give notice to each Purchaser and the Insurer. 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 the Agent to send notice to each Purchaser and the Insurer, which notice shall set forth the amount of principal to be distributed on the related date to each Purchaser with respect to their Beneficial Interests in the VFC Certificates.

Early Amortization Event/Distribution of Principal Notices. Upon the occurrence of an Early Amortization Event with respect to the Series 20001997-1A, the Company or the Master Servicer, as the case may be, shall give prompt written notice thereof to the Trustee and the Agent. As promptly as reasonably practicable after its receipt of notice of the occurrence of an Early Amortization Event with respect to Series 20001997-1 (i) A, the Trustee shall give notice (i) to each Rating Agency (which notice shall be given, by telephone or otherwise, not later than the second Business Day after such receipt) and (ii) to the Agent Agent, who in turn shall give notice to each Purchaser and the InsurerPurchaser. In addition, on the Business Day preceding each day on which a distribution of principal is to be made during the Series 20001997-1 Amortization A Amortiza tion Period, the Master Servicer shall direct the Agent to send notice to each Purchaser and the InsurerPurchaser, which notice shall set forth the amount of principal to be distributed on the related date to each Purchaser the Purchasers with respect to their Beneficial Interests in the outstanding VFC Certificates.. Series 1997-A Supplement ARTICLE V