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

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

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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

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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

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