Common use of Reductions of the Commitments Clause in Contracts

Reductions of the Commitments. (a) On any Business Day ----------------------------- during the Revolving Period, the Transferor, on behalf of the Trust, may, upon thirty (30) days' prior written notice (effective upon receipt) to the Agent (with a copy thereof to the Trustee) irrevocably reduce or terminate the Commitments (a "Commitment Reduction") in an aggregate amount equal to -------------------- $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided that no -------- such reduction shall be permitted if, after giving effect thereto and to any reduction in the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Invested Amount on such date, the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Invested Amount would exceed the Aggregate Commitment Amount then in effect or if the Commitments would be reduced to an amount less than $50,000,000. Each Series 1999-1 Certificateholder's Commitment shall be reduced by such Series 1999-1 Certificateholder's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated without the written consent of each Series 1999-1 Certificateholder. Upon effectiveness of any such reduction, the Agent shall prepare a revised Schedule -------- 1 to this Supplement in order to reflect the reduced Commitment of each Series - 1999-1 Certificateholder and Schedule 1 to this Supplement shall be deemed to be ---------- automatically superseded by such revised Schedule 1. The Agent shall promptly ---------- distribute such revised Schedule 1 to the Transferor, the Servicer, the Trustee ---------- and each Series 1999-1 Certificateholder.

Reductions of the Commitments. (a) On any Business Day ----------------------------- during the Series 1997-A Revolving Period, the TransferorCompany, on behalf of the Trust, may, upon thirty (30) daysthree Business Days' prior written notice to the Agent (effective upon receipt) ), with copies to the Agent (with a copy thereof to Servicer and the Trustee) irrevocably , reduce or terminate the Commitments (a "Commitment Reduction") in an aggregate amount equal to -------------------- $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof; provided that no -------- such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series ▇▇▇▇1997-▇ ▇▇▇▇▇▇▇▇▇ A Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 1997-A Purchaser Invested Amount) on such date, the Series ▇▇▇▇1997-▇ ▇▇▇▇▇▇▇▇▇ A Invested Amount would exceed the Aggregate Commitment Amount then in effect or if the Commitments would be reduced to an amount less than $50,000,000effect. Each Series 1999-1 CertificateholderPurchaser's Commitment shall be reduced by such Series 1999-1 CertificateholderPurchaser's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated without the written consent of each Series 1999-1 Certificateholderreinstated. Upon effectiveness of any such reduction, the Agent shall prepare a revised Schedule -------- 1 to this Supplement in order to reflect the reduced Commitment of each Series - 1999-1 Certificateholder Purchaser and Schedule 1 to of this Supplement shall be deemed to be ---------- Series 1997-A Supplement automatically superseded by such revised Schedule 1. The Agent shall promptly ---------- distribute such revised Schedule 1 to the TransferorCompany, the Servicer, the Trustee ---------- and each Series 1999-1 CertificateholderPurchaser.

Reductions of the Commitments. (a) On any Business Day ----------------------------- during the Series 1999-A Revolving Period, the TransferorCompany, on behalf of the Trust, may, upon thirty (30) daysthree Business Days' prior written notice to the Agent (effective upon receipt) ), with copies to the Agent (with a copy thereof to Servicer and the Trustee) irrevocably , reduce or terminate the Commitments (a "Commitment Reduction") in an aggregate amount equal to -------------------- $5,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof; provided that no -------- such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇▇ A Invested Amount (calculated without regard to clauses (d) and (e) of the definition of Series 1999-A Purchaser Invested Amount) on such date, the Series ▇▇▇▇1999-▇ ▇▇▇▇▇▇▇▇▇ A Invested Amount would exceed the Aggregate Commitment Amount then in effect or if the Commitments would be reduced to an amount less than $50,000,000effect. Each Series 1999-1 CertificateholderPurchaser's Commitment shall be reduced by such Series 1999-1 CertificateholderPurchaser's Commitment Percentage of the amount of such Commitment Reduction. (b) Once reduced, the Commitments may not be subsequently reinstated without the written consent of each Series 1999-1 Certificateholderreinstated. Upon effectiveness of any such reduction, the Agent shall prepare a revised Schedule -------- 1 to this Supplement in order to reflect the reduced Commitment of each Series - 1999-1 Certificateholder Purchaser and Schedule 1 to of this Supplement shall be deemed to be ---------- automatically superseded by such revised Schedule 1. The Agent shall promptly ---------- distribute such revised Schedule 1 to the TransferorCompany, the Servicer, the Trustee ---------- and each Series 1999-1 CertificateholderPurchaser.

Reductions of the Commitments. (a) On any Business Day ----------------------------- during the Series 2003-1 Revolving Period, the TransferorCompany, on behalf of 34 the Trust, may, upon thirty (30) daysten Business Days' prior written notice (effective upon receipt) to the Funding Agent (with a copy thereof copies to the Servicer and the Trustee) irrevocably reduce or terminate the Commitments (a "Commitment ReductionCOMMITMENT REDUCTION") in an a minimum aggregate amount equal to -------------------- $5,000,000 or a whole multiple of $1,000,000 in excess thereof; provided PROVIDED that no -------- such termination or reduction shall be permitted if, after giving effect thereto and to any reduction in the Series ▇▇▇▇2003-▇ ▇▇▇▇▇▇▇▇▇ 1 Invested Amount on such date, the Series ▇▇▇▇2003-▇ ▇▇▇▇▇▇▇▇▇ 1 Invested Amount would exceed the Aggregate Commitment Maximum Invested Amount then in effect or if the Commitments would be reduced to an amount less than $50,000,000effect. Each Series 1999-1 CertificateholderAPA Bank's Commitment shall be reduced by such Series 1999-1 CertificateholderAPA Bank's Commitment Percentage Pro Rata Share of the amount of such Commitment Reduction. (b) Upon commencement of the Series 2003-1 Amortization Period, the Aggregate Commitment Amount shall be reduced to 102% of the Maximum Invested Amount, and the Maximum Invested Amount shall be reduced to the Series 2003-1 Invested Amount. Each APA Bank's commitment shall be reduced by such APA Bank's Pro Rata Share of the amount of such reduction. (c) Once reduced, the Commitments may not be subsequently reinstated without the written consent of each Series 1999-1 Certificateholderreinstated. Upon effectiveness of any such reduction, the Funding Agent shall prepare a revised Schedule -------- 1 to this Supplement in order to reflect the reduced Commitment of each Series - 1999-1 Certificateholder APA Bank and Schedule 1 to of this Supplement shall be deemed to be ---------- automatically superseded by such revised Schedule 1. The Funding Agent shall promptly ---------- distribute such revised Schedule 1 to the TransferorCompany, the Servicer, the Trustee ---------- and each Series 1999-1 CertificateholderAPA Bank.