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~, <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />s <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />~3 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />~ <br />(ii) shall promptly draw upon or demand paym~nt under such <br />Insurance Policy in an amount equal to the lesser of: ~, <br />(I) the full amount available to be drawn under such Credit <br />Facility; or I, <br />(II) the amount needed to pay all amounts to be due with <br />respect to such Certificates through the date fix~d for payment <br />thereof; and ', <br />(iii) shall apply the amount so drawn or paid to the ~ayment of such <br />Certificates on the date fixed for payment thereof; and <br />(b) if the Credit Facility provides that the related Credit Pr vider shall have <br />the option of either paying the principal and interest owing on the re ated Certificates <br />in connection with such acceleration (herein called the "Accelera ion Option") or <br />keeping the related Certificates outstanding and paying the schedule principal of and <br />interest thereon as the same become due in accordance with their stated due dates <br />(without regard to such acceleration), the Trustee shall: 'i <br />(i) until such time as the related Credit Provider hall exercise its <br />Acceleration Option, continue to demand payment under t e related Credit <br />Faciliiy of amounts sufficient to pay when due the schedule principal of and <br />interest on the related Certificates as the same become due in accordance with <br />their stated due dates (without regard to such acceleration); and <br />(ii) as such time as the related Credit Provider shall l~ave exercised its <br />Acceleration Option: ~~ <br />(I) promptly fix a date for payment of all amo~nts owing under <br />the related Certificates from moneys drawn or paid under the Credit <br />Facility securing such Certificates, which date sh 11 be as soon as <br />practicable and in any event prior to the expiration d te of such Credit <br />Facility; , <br />(II) promptly draw upon or demand pay ent under such <br />Insurance Policy in an amount equal to the lesser o the full amount <br />available to be drawn under such Credit Facilit , or the amount <br />needed to pay all amounts to be due with respect to such Certificates <br />through the date fixed for payment thereof; and I~ <br />(III) apply the amount so drawn or paid t the payment of <br />such Certificates on the date fixed for payment the~eof; <br />FINANCING AND TRUST AGREEMENT <br />PAGE 38 <br />