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

Allocation of 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 Tranche Write- down Amount for that Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, 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, (iii) third, to the Class M-3A and Class M-3AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (v) fifth, 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 (vi) sixth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of 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 Tranche Write- down Amount for that Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3B M-3 and Class M-3BH M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3A and Class M-3AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (viv) fifthfourth, 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) sixthfifth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amountTranche Write-down Amount, if any, of the Tranche Write- down Amount for that such Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 B-2H Reference Tranche; (ii) second, to the Class B-1 and Class B-H B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iiiii) secondthird, to the Class M-3B M-2B and Class M-3BH M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date,; (iiiiv) thirdfourth, to the Class M-3A M-2A and Class M-3AH M-2AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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,; (v) fifth, 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 (vi) sixth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of Tranche Write-down Amounts to the Reference Tranches. On each Payment Date on or prior to the Termination Date, the amountTranche Write-down Amount, if any, of the Tranche Write- down Amount for that such Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 B-2 and Class B-H B-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3B B-1 and Class M-3BH B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3A M-2B and Class M-3AH M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (v) fifth, 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 (vi) sixth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of 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 Tranche Write- down Amount for that Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3B M-3 and Class M-3BH M-3H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3A and Class M-3AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (viv) fifthfourth, 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) sixthfifth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of Tranche Write-down Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, after allocation of the amountSenior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 1, the Tranche Write-down Amount, if any, of the Tranche Write- down Amount for that such Payment Date Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 1 for such Payment Date, Date until such the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Class of Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (iA) first, to the Class B 1B-2H Reference Tranche, (B) second, to the Class 1B-1 and Class B1B-1H Reference Tranches, (C) third, to the Class 1M-2C and Class 1M-H CH Reference Tranches, (D) fourth, to the Class 1M-2B and Class 1M-BH Reference Tranches, (E) fifth, to the Class 1M-2A and Class 1M-AH Reference Tranches, (F) sixth, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts, and (G) seventh, to the Class 1A-H Reference Tranche (up to the amount of any remaining unallocated Tranche Write-down Amounts immediately less the amount attributable to clause (d) of the definition of "Principal Loss Amount"). (ii) On each Payment Date on or prior to the Group 2 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 2, the Tranche Write-down Amount, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 2 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, 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 2B-2H Reference Tranche, (iiB) second, to the Class M-3B 2B-1 and Class M-3BH 2B-1H Reference Tranches, (C) third, to the Class 2M-2C and Class 2M-CH Reference Tranches, (D) fourth, to the Class 2M-2B and Class 2M-BH Reference Tranches, (E) fifth, to the Class 2M-2A and Class 2M-AH Reference Tranches, (F) sixth, 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,Amounts, and (iiiG) thirdseventh, to the Class M-3A and Class M-3AH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (v) fifth, 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 (vi) sixth, to the Class A2A-H Reference Tranche, but only in an amount equal Tranche (up to the excess, if any, amount of the any remaining unallocated Tranche Write-down Amount for such Payment Date over Amounts less the Principal Loss Amount for such Payment Date amount attributable to clause (d) of the definition of “"Principal Loss Amount”"). For the avoidance of doubt, no Tranche Write-down Amount will be applied twice on the same Payment Date.

Allocation of 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 Tranche Write- down Amount for that Payment Date will be allocated, first, to reduce any Overcollateralization Amount for such Payment Date, until such Overcollateralization Amount is reduced to zero, and, second, 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 B-2 and Class B-H B-2H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (ii) second, to the Class M-3B B-1 and Class M-3BH B-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iii) third, to the Class M-3A M-2B and Class M-3AH M-2BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (iv) fourth, 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, (v) fifth, 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 (vi) sixth, to the Class A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.

Allocation of Tranche Write-down Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, after allocation of the amountSenior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 1, the Tranche Write-down Amount for the Group 1 Notes, if any, of the Tranche Write- down Amount for that such Payment Date Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 1 for such Payment Date, Date until such the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Class of Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (iA) first, to the Class B 1B and Class B1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (iiB) second, to the Class M-3B 1M-2B and Class M-3BH 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (iiiC) third, to the Class M-3A 1M-2A and Class M-3AH 1M-AH Reference Tranches, (D) fourth, to the Class 1M-1 and Class 1M-1H Reference Tranches, (E) fifth, to the Class 1A-H Reference Tranche (up to the amount of any remaining unallocated related Tranche Write-down Amounts less the amount attributable to clause (d) of the definition of "Principal Loss Amount"). (ii) On each Payment Date on or prior to the Group 2 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 2, the Tranche Write-down Amount for the Group 2 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 2 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of (A) first, to the Class 2B and Class 2B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (ivB) fourthsecond, to the Class M-2 2M-2B and Class M-2H 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (vC) third, to the Class 2M-2A and Class 2M-AH Reference Tranches, (D) fourth, to the Class 2M-1 and Class 2M-1H Reference Tranches, (E) fifth, 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 (vi) sixth, to the Class A2A-H Reference Tranche, but only in an amount equal Tranche (up to the excess, if any, amount of the any remaining unallocated related Tranche Write-down Amount for such Payment Date over Amounts less the Principal Loss Amount for such Payment Date amount attributable to clause (d) of the definition of “"Principal Loss Amount”").

Allocation of Tranche Write-down Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, after allocation of the amountSenior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 1, the Tranche Write-down Amount for the Group 1 Notes, if any, of the Tranche Write- down Amount for that such Payment Date Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 1 for such Payment Date, Date until such the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Class of Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (iA) first, to the Class B 1B and Class B1B-H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (iiB) second, to the Class M-3B 1M-2B and Class M-3BH 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (iiiC) third, to the Class M-3A 1M-2A and Class M-3AH 1M-AH Reference Tranches, (D) fourth, to the Class 1M-1 and Class 1M-1H Reference Tranches, (E) fifth, to the Class 1A-H Reference Tranche. (ii) On each Payment Date on or prior to the Group 2 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 2, the Tranche Write-down Amount for the Group 2 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 2 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, 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 2B-H Reference Tranche, (B) second, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment DateAmounts, (ivC) third, to the Class 2M-2A and Class 2M-AH Reference Tranches, (D) fourth, to the Class M-2 2M-1 and Class M-2H 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts immediately prior to such Payment Date, (vE) fifth, 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 (vi) sixth, to the Class A2A-H Reference Tranche, but only in an amount equal to the excess, if any, of the remaining unallocated Tranche Write-down Amount for such Payment Date over the Principal Loss Amount for such Payment Date attributable to clause (d) of the definition of “Principal Loss Amount”.