Common use of Calculation of Class C Clause in Contracts

Calculation of Class C. (2014-3) Accreted Discount. The amount of Class C(2014-3) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014-3) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142019-31) Accreted Discount. The amount of Class C(2014C(2019-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- straight-line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2019-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142015-31) Accreted Discount. The amount of Class C(2014C(2015-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- straight-line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2015-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142017-32) Accreted Discount. The amount of Class C(2014C(2017-32) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2017-32) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142011-31) Accreted Discount. The amount of Class C(2014C(2011-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2011-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142011-31) Accreted Discount. The amount of Class C(2014C(2011-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- straight-line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2011-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (2014-32) Accreted Discount. The amount of Class C(2014-32) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014-32) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142013-31) Accreted Discount. The amount of Class C(2014C(2013-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2013-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142017-31) Accreted Discount. The amount of Class C(2014C(2017-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- straight-line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2017-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142015-31) Accreted Discount. The amount of Class C(2014C(2015-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2015-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (2014-3) Accreted Discount. The amount of Class C(2014-3) Accreted Discount as of the end of any Due Period shall be determined on a straight- straight-line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014-3) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.

Calculation of Class C. (20142020-31) Accreted Discount. The amount of Class C(2014C(2020-31) Accreted Discount as of the end of any Due Period shall be determined on a straight- line basis and shall be equal to the product of (x) a fraction the numerator of which shall be the number of Due Periods elapsed since the Note Issuance Date (or if additional Class C(2014C(2020-31) Notes have been issued under Section 2.09, since the Issuance Date of such additional Notes) and the denominator of which shall be the number of Due Periods from the Note Issuance Date (or the Issuance Date of such additional Notes) to and including the Due Period related to the Expected Maturity Date and (y) the Discount Amount.