SERVICER DURING THE RELATED SETTLEMENT PERIOD, AND OUTSTANDING AMOUNT
ADVANCED AS OF THE END OF THE RELATED SETTLEMENT PERIOD, EACH AS RECALCULATED
TAKING INTO ACCOUNT THE IMMEDIATELY PRECEDING SETTLEMENT PERIOD AND TO BE
APPLIED FOR THE PERIOD COMMENCING ON (AND INCLUDING) SUCH SETTLEMENT REPORT DATE
AND ENDING ON (AND NOT INCLUDING) THE NEXT SUCCEEDING SETTLEMENT REPORT DATE.
EACH FUNDING AGENT SHALL FORWARD A COPY OF EACH MONTHLY SETTLEMENT REPORT TO ANY
OF ITS RELATED SERIES 2000-1 PURCHASERS UPON REQUEST BY ANY SUCH SERIES 2000-1
PURCHASER.
(B)
ANNUAL CERTIFICATEHOLDERS' TAX STATEMENT.
ON OR BEFORE JANUARY 31
OF EACH CALENDAR YEAR (OR SUCH EARLIER DATE AS REQUIRED BY APPLICABLE LAW), THE
MASTER SERVICER ON BEHALF OF THE TRUSTEE SHALL FURNISH, OR CAUSE TO BE
FURNISHED, TO EACH PERSON WHO AT ANY TIME DURING THE PRECEDING CALENDAR YEAR WAS
A SERIES 2000-1 PURCHASER, A STATEMENT PREPARED BY THE MASTER SERVICER
CONTAINING THE AGGREGATE AMOUNT DISTRIBUTED TO SUCH PERSON FOR SUCH PRECEDING
CALENDAR YEAR OR THE APPLICABLE PORTION THEREOF DURING WHICH SUCH PERSON WAS A
SERIES 2000-1 PURCHASER, TOGETHER WITH SUCH OTHER INFORMATION AS IS REQUIRED TO
BE PROVIDED BY AN ISSUER OF INDEBTEDNESS UNDER THE CODE AND SUCH OTHER CUSTOMARY
INFORMATION AS THE MASTER SERVICER DEEMS NECESSARY TO ENABLE THE SERIES 2000-1
PURCHASERS TO PREPARE THEIR TAX RETURNS.
SUCH OBLIGATION OF THE MASTER SERVICER
SHALL BE DEEMED TO HAVE BEEN SATISFIED TO THE EXTENT THAT SUBSTANTIALLY
COMPARABLE INFORMATION SHALL HAVE BEEN PROVIDED BY THE TRUSTEE, THE RELATED
FUNDING AGENT OR THE MASTER SERVICER PURSUANT TO ANY REQUIREMENTS OF THE CODE AS
FROM TIME TO TIME IN EFFECT.
TAX RETURNS FOR THE TRUST SHALL BE PREPARED BY THE
COMPANY (OR THE MASTER SERVICER ON ITS BEHALF) IN ACCORDANCE
44
WITH SECTION 8.11 OF THE POOLING AGREEMENT AND THE TRUSTEE SHALL BE UNDER NO
OBLIGATION TO PREPARE TAX RETURNS FOR THE TRUST.
(C)
SERIES 2000-1 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.
ARTICLE V
ADDITIONAL SERIES 2000-1 EARLY AMORTIZATION EVENTS
SECTION 5.01
ADDITIONAL SERIES 2000-1 EARLY AMORTIZATION
EVENTS.
If any one of: (I) the