Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (B) second, to the Class 1M-2 and Class 1M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (C) third, to the Class 1B-H Reference Tranche, and (D) fourth, to the Class 1A-H Reference Tranche. (ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (B) second, to the Class 2M-2 and Class 2M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (C) third, to the Class 2B-H Reference Tranche, and (D) fourth, to the Class 2A-H Reference Tranche.
Appears in 5 contracts
Samples: Debt Agreement, Debt Agreement, Debt Agreement
Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 1M-2 1M-2A and Class 1M-2H 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 1B1M-2B and Class 1M-H BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 1M-2C and Class 1M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(E) fifth, to the Class 1B-1 and Class 1B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(F) sixth, to the Class 1B-2H Reference Tranche, and
(DG) fourthseventh, to the Class 1A-H Reference Tranche.
(ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 2M-2 2M-2A and Class 2M-2H 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 2B2M-2B and Class 2M-H BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 2M-2C and Class 2M-CH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(E) fifth, to the Class 2B-1 and Class 2B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(F) sixth, to the Class 2B-2H Reference Tranche, and
(DG) fourthseventh, to the Class 2A-H Reference Tranche.
Appears in 3 contracts
Samples: Debt Agreement, Debt Agreement, Debt Agreement
Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 1M-2 and Class 1M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 1B-H Reference Tranche, and
(D) fourth, to the Class 1A-H Reference Tranche.
(ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 2M-2 and Class 2M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 2B-H Reference Tranche, and
(D) fourth, to the Class 2A-H Reference Tranche.
Appears in 1 contract
Samples: Debt Agreement
Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 1M-2 1M-2A and Class 1M-2H 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 1B1M-2B and Class 1M-H BH Reference TrancheTranches, andpro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 1B and Class 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and
(E) fifth, to the Class 1A-H Reference Tranche.
(ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 2M-2 2M-2A and Class 2M-2H 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 2B2M-2B and Class 2M-H BH Reference TrancheTranches, andpro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 2B or Class 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and
(E) fifth, to the Class 2A-H Reference Tranche.
Appears in 1 contract
Samples: Debt Agreement
Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 1M-2 1M-2A and Class 1M-2H 1M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 1B1M-2B and Class 1M-H BH Reference TrancheTranches, andpro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 1B and Class 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, and
(E) fifth, to the Class 1A-H Reference Tranche.
(ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 2M-2 2M-2A and Class 2M-2H 2M-AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(D) fourth, to the Class 2B-H Reference Tranche, and
(DE) fourthfifth, to the Class 2A-H Reference Tranche.
Appears in 1 contract
Samples: Debt Agreement
Allocation of Subordinate Reduction Amount to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 1 will be allocated to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 1M-2 and Class 1M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 1B-H Reference TrancheXxxxxxx, and
(D) fourth, to the Class 1A-H Reference Tranche.
(ii) On each Payment Date on or prior to the Group 2 Termination Date, the Subordinate Reduction Amount with respect to Loan Group 2 will be allocated to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:
(A) first, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(B) second, to the Class 2M-2 and Class 2M-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,
(C) third, to the Class 2B-H Reference TrancheXxxxxxx, and
(D) fourth, to the Class 2A-H Reference Tranche.
Appears in 1 contract
Samples: Debt Agreement