This excerpt taken from the CCRT 10-Q filed Aug 3, 2005.
Minimum Advance Amount. The amount of such Advance is not less than $1,000,000;
Custodial Receipt. The Administrative Agent and the Collateral Agent shall have received a duly completed and executed Custodial Receipt in respect of each Transferred Receivable identified in the related Schedule of Contracts or Schedule of Subsequent Contracts, as the case may be, if any, delivered since the date of the prior Advance;
Borrowing Base Confirmation. The Administrative Agent shall have received an Officers Certificate dated the date of such requested Advance certifying the Borrowing Base in the form attached hereto as Exhibit C (a Borrowing Base Confirmation), computed as of the date of such Advance and after giving effect thereto and to the purchase by the Borrower of any Dealer Transaction Rights to be purchased by it under the Sale and Servicing Agreement on such date, demonstrating that the aggregate principal amount of all Advances shall not exceed the Borrowing Base;
Interest Rate Caps; Cap Funding Reserve Account. The Administrative Agent shall have received evidence, in form and substance satisfactory to the Required Lenders, that the Borrower has arranged for the Collateral Agent to enter into Interest Rate Caps to the extent required by, and satisfying the requirements of, Section 11.6; and after giving effect to the Advance, to the transfer of Receivables and Dealer Transaction Rights from the Seller to the Borrower on the date of such Advance and the application of the proceeds thereof in accordance with Section 2.3, the amount on deposit in the Cap Funding Reserve Account is not less than the Cap Funding Reserve Account Requirement, if any; and
Net Spread. Net Spread shall be *** or more after giving effect to the Advance, to the transfer of Dealer Transaction Rights from the Seller to the Borrower on the date of such Advance and the application of the proceeds thereof in accordance with Section 2.3.
No Lender which is a Structured Lender shall make any Advance unless such Lenders Support Facilities are in full force and effect. If any such Structured Lenders Support Facilities are not in full force and effect, the Committed Lenders for such Structured Lender shall make such Advance so long as the conditions to such Advance in this Section 7.2 are satisfied.