Common use of Optional Deposits by the Insurer Clause in Contracts

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Payment Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts to the Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust with respect to such Payment Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.

Optional Deposits by the Insurer. The Insurer shall at any time, and from time to time, with respect to a Payment Date, have the option (but shall not be required, except in accordance with the terms of the Note Policy) to deliver amounts from its own funds to the Indenture Trustee for deposit into the Collection Account for any of the following purposes: (i) to provide funds in respect of the payment of fees or expenses of any provider of services to the Trust Issuer with respect to such Payment Date, or (ii) to include such amount to the extent that without such amount a draw would be required to be made on the Note Policy.