Common use of Allocation of Subordinate Reduction Amount to the Reference Tranches Clause in Contracts

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, 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, (iv) fourth, to the Class B and Class B-H 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.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, to the Class M-3 M-3A and Class M-3H M-3AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class M-3B and Class M-3BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (v) fifth, to the Class B and Class B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and (vvi) fifthsixth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Maturity Date and the Early Redemption Date, after allocation of the Senior Reduction Amount and the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, 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, (iv) fourth, to the Class B and Class B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateTranche, and (v) fifth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Maturity Date and the Early Redemption Date, after allocation of the Senior Reduction Amount and the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, 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, (iv) fourth, to the Class B and Class B-H 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.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-2 M-2A and Class M-2H M-2AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3 M-2B and Class M-3H M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B B-1 and Class B-H B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (v) fifth, to the Class B-2 and Class B-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and (vvi) fifthsixth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Maturity Date and the Early Redemption Date, after allocation of the Senior Reduction Amount and the Calculated Tranche Write-down Amount or Calculated Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, 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, (iv) fourth, to the Class B and Class B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateXxxxxxx, and (v) fifth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (ii) second, to the Class M-2 M-2A and Class M-2H M-2AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iii) third, to the Class M-3 M-2B and Class M-3H M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iv) fourth, to the Class B B-1 and Class B-H B-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.;

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 and Class M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (ii) second, to the Class M-2 M-2A and Class M-2H M-2AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iii) third, to the Class M-3 M-2B and Class M-3H M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iv) fourth, to the Class B B-1 and Class B-H B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and; (v) fifth, to the Class B-2H Reference Tranche; and (vi) sixth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date on or prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 1M-1 and Class M-1H 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-2 1M-2A and Class M-2H 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3 1M-2B and Class M-3H 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B 1M-2C and Class B1M-H CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (v) fifth, to the Class A1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (vi) sixth, to the Class 1B-2H Reference Tranche, and (vii) seventh, to the Class 1A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date on or prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 2M-1 and Class M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-2 2M-2A and Class M-2H 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3 2M-2B and Class M-3H 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B 2M-2C and Class B2M-H CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and, (v) fifth, to the Class A2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (vi) sixth, to the Class 2B-2H Reference Tranche, and (vii) seventh, to the Class 2A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date on or prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 1M-1 and Class M-1H 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-2 1M-2A and Class M-2H 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3 1M-2B and Class M-3H 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B 1B and Class B1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and (v) fifth, to the Class A1A-H Reference TrancheTranche (up to the amount of any remaining unallocated Tranche Write-down Amounts less the amount attributable to clause (d) of the definition of "Principal Loss Amount").

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 M-1H Reference Tranche; (ii) second, to the Class M-2A, Class M-2AD and Class M-1H M-2AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iiiii) secondthird, to the Class M-2 X-0X, X-0XX and Class M-2H M-2BH Reference Tranches, (iv) fourth, to the Class B-1D and Class B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iiiv) thirdfifth, to the Class M-3 B-2D and Class M-3H B-2H Reference TranchesTranche, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B and Class B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, ; and (vvi) fifthsixth, to the Class A-H Reference Tranche.

Allocation of Subordinate Reduction Amount to the Reference Tranches. On each Payment Date on or prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount 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 M-1 2M-1 and Class M-1H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-2 2M-2A and Class M-2H 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3 2M-2B and Class M-3H 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, to the Class B 2B and Class B2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and (v) fifth, to the Class A2A-H Reference TrancheTranche (up to the amount of any remaining unallocated Tranche Write-down Amounts less the amount attributable to clause (d) of the definition of "Principal Loss Amount").