Common use of Mandatory Decreases Clause in Contracts

Mandatory Decreases. Whenever (a) the Series 2010-3 Enhancement Amount is less than the Series 2010-3 Minimum Enhancement Amount or (b) there exists an Asset Amount Deficiency, then, on the Payment Date immediately following discovery by the Issuer or the Master Servicer of any such deficiency, the Issuer shall decrease the Series 2010-3 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Series 2010-3 Enhancement Amount or the Aggregate Asset Amount on or prior to such Payment Date and to all Decreases of the Series 2010-3 Invested Amount on or prior to such Payment Date, no such deficiency described in either clause (a) or clause (b) shall exist on such Payment Date (each reduction of the Series 2010-3 Invested Amount pursuant to this Section 4A.3(a), a “Mandatory Decrease”). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decrease and the related Payment Date to the Trustee.

Mandatory Decreases. Whenever (a) the Series 2010-3 1 Enhancement Amount is less than the Series 2010-3 1 Minimum Enhancement Amount or (b) there exists an Asset Amount Deficiency, then, on the Payment Date immediately following discovery by the Issuer or the Master Servicer of any such deficiency, the Issuer shall decrease the Series 2010-3 1 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Series 2010-3 1 Enhancement Amount or the Aggregate Asset Amount on or prior to such Payment Date and to all Decreases of the Series 2010-3 1 Invested Amount on or prior to such Payment Date, no such deficiency described in either clause (a) or clause (b) shall exist on such Payment Date (each reduction of the Series 2010-3 1 Invested Amount pursuant to this Section 4A.3(a), a “Mandatory Decrease”). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decrease and the related Payment Date Decreases to the Trustee.

Mandatory Decreases. Whenever (a) the Series 2010-3 2 Enhancement Amount is less than the Series 2010-3 2 Minimum Enhancement Amount or (b) there exists an Asset Amount Deficiency, then, on the Payment Date immediately following discovery by the Issuer or the Master Servicer of any such deficiency, the Issuer shall decrease the Series 2010-3 2 Invested Amount by the amount (if any) necessary, so that after giving effect to any increases in the Series 2010-3 2 Enhancement Amount or the Aggregate Asset Amount on or prior to such Payment Date and to all Decreases of the Series 2010-3 2 Invested Amount on or prior to such Payment Date, no such deficiency described in either clause (a) or clause (b) shall exist on such Payment Date (each reduction of the Series 2010-3 2 Invested Amount pursuant to this Section 4A.3(a), a “Mandatory Decrease”). Upon such discovery, the Issuer shall deliver notice of any such Mandatory Decrease and the related Payment Date to the Trustee.