Common use of Obligation to Decrease Clause in Contracts

Obligation to Decrease. If any Series 2013-B Excess Principal Event shall have occurred and be continuing, then, within five (5) Business Days following HVF II’s discovery of such Series 2013-B Excess Principal Event, HVF II shall withdraw from the Series 2013-B Principal Collection Account an amount equal to the lesser of (x) the amount then on deposit in such account and available for distribution to effect a reduction in the Series 2013-B Principal Amount pursuant to Section 5.2(c), and (y) the amount necessary so that, after giving effect to all Voluntary Decreases prior to such date, no such Series 2013-B Excess Principal Event shall exist, and distribute the lesser of such (x) and (y) to the Series 2013-B Noteholders in respect of principal of the Series 2013-B Notes to make a reduction in the Series 2013-B Principal Amount in accordance with Section 5.2 (each reduction of the Series 2013-B Principal Amount pursuant to this clause (i), a “Mandatory Decrease” and the amount of each such reduction, the “Mandatory Decrease Amount”).

Obligation to Decrease. If any Series 2013-B A Excess Principal Event shall have occurred and be continuing, then, within five (5) Business Days following HVF II’s discovery of such Series 2013-B A Excess Principal Event, HVF II shall withdraw from the Series 2013-B A Principal Collection Account an amount equal to the lesser of (x) the amount then on deposit in such account and available for distribution to effect a reduction in the Series 2013-B A Principal Amount pursuant to Section 5.2(c), and (y) the amount necessary so that, after giving effect to all Voluntary Decreases prior to such date, no such Series 2013-B A Excess Principal Event shall exist, and distribute the lesser of such (x) and (y) to the Series 2013-B A Noteholders in respect of principal of the Series 2013-B A Notes to make a reduction in the Series 2013-B A Principal Amount in accordance with Section 5.2 (each reduction of the Series 2013-B A Principal Amount pursuant to this clause (i), a “Mandatory Decrease” and the amount of each such reduction, the “Mandatory Decrease Amount”).

Obligation to Decrease. If any Series 20132014-B A Excess Principal Event shall have occurred and be continuing, then, within five (5) Business Days following HVF II’s discovery of such Series 20132014-B A Excess Principal Event, HVF II shall withdraw from the Series 20132014-B A Principal Collection Account an amount equal to the lesser of (x) the amount then on deposit in such account and available for distribution to effect a reduction in the Series 20132014-B A Principal Amount pursuant to Section 5.2(c), and (y) the amount necessary so that, after giving effect to all Voluntary Decreases prior to such date, no such Series 20132014-B A Excess Principal Event shall exist, and distribute the lesser of such (x) and (y) to the Series 20132014-B A Noteholders in respect of principal of the Series 20132014-B A Notes to make a reduction in the Series 20132014-B A Principal Amount in accordance with Section 5.2 (each reduction of the Series 20132014-B A Principal Amount pursuant to this clause (i), a “Mandatory Decrease” and the amount of each such reduction, the “Mandatory Decrease Amount”).