Common use of Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches Clause in Contracts

Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amount, if any, of the Calculated Tranche Write-down Amount for that Payment Date, will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (i) first, to the Class B-H Reference Tranche, (ii) second, to the Class M-3 and Class M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-2 and Class M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (v) fifth, to the Class A-H Reference Tranche.

Appears in 9 contracts

Samples: Exchange Administration Agreement, Stacr Debt Agreement, Stacr Debt Agreement

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Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amount, if any, of the Calculated Tranche Write-down Amount Amount, if any, for that such Payment Date, Date will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (i) first, to the Class B and Class B-H Reference TrancheTranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3 and Class M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-2 and Class M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (v) fifth, to the Class A-H Reference Tranche.

Appears in 5 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Stacr Debt Agreement

Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amount, if any, of the Calculated Tranche Write-down Amount for that Payment Date, will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (i) first, to the Class B and Class B-H Reference TrancheTranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3 and Class M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-2 and Class M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (v) fifth, to the Class A-H Reference Tranche.

Appears in 4 contracts

Samples: Global Agency Agreement, Global Agency Agreement, Stacr Debt Agreement

Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amount, if any, of the Calculated Tranche Write-down Amount for that Payment Date, will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (i) first, to the Class B-H Reference Tranche, (ii) second, to the Class M-3 M-2 and Class M-3H M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-2 and Class M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (viv) fifthfourth, to the Class A-H Reference Tranche.

Appears in 2 contracts

Samples: Stacr Debt Agreement, Global Agency Agreement

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Allocation of Calculated Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amount, if any, of the Calculated Tranche Write-down Amount for that Payment Date, will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (i) first, to the Class B-H Reference Tranche, (ii) second, to the Class M-3 and Class M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-2 and Class M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iviii) fourththird, to the Class M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (viv) fifthfourth, to the Class A-H Reference Tranche.

Appears in 1 contract

Samples: Stacr Debt Agreement

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