Principal Balance Increases. (a) The Series 2007-A Noteholders agree, by acceptance of their Series 2007-A Notes, that the Transferor may, from time to time, prior to the earlier of the commencement of the Scheduled Amortization Period and the commencement of the Early Amortization Period, and so long as a Partial Amortization Period is not outstanding, and subject to the terms, conditions and restrictions set forth in this Section 4.09(a) and in the Note Purchase Agreement, request a Principal Balance Increase. Each such Principal Balance Increase shall, however, be subject to the satisfaction of the Increase Conditions and shall be permitted only (i) during the Revolving Period and (ii) upon the written request made by the Transferor to each Agent to increase the Note Principal Balance and the Invested Amount to an amount not to exceed the Maximum Principal Balance. Any such Principal Balance Increase shall be in a minimum amount of $2,000,000 and integral multiples of $500,000 in excess thereof. To request any such increase, the Transferor shall be required to give to each of the Indenture Trustee, the Servicer and each Agent, by 12:00 p.m., Chicago time, on the first Business Day prior to the date of the requested Principal Balance Increase, a Principal Balance Increase Request, specifying (i) the Increase Amount, (ii) the Increase Date, and (iii) the payment instructions for remittance of the proceeds of such requested Principal Balance Increase.
(b) Each such Principal Balance Increase will be allocated to the Class A Note Principal Balance and the Class B Note Principal Balance on a pro rata basis determined by reference to the Class A Note Maximum Principal Balance and the Class B Note Maximum Principal Balance; provided, however, that if the Increase Condition set forth in clause (f)(ii) of the definition of Increase Condition is not satisfied, the Transferor may, with the prior written consent of each Class B Noteholder, direct the Indenture Trustee in writing, with a copy to each Agent, to allocate to the Class B Note Principal Balance a larger share of the Principal Balance Increase to the extent necessary to satisfy the Increase Condition set forth in clause (f)(i) of the definition of Increase Condition.
(c) On the Increase Date for such Principal Balance Increase, after satisfaction of all conditions to such Principal Balance Increase, each Purchaser shall initiate the remittance of such Increase Amount allocated to it in accordance with Section 4.09(b), to the extent i...
Principal Balance Increases. (a) The Series 2002-A Noteholders agree, by acceptance of their Series 2002-A Notes, that the Servicer, acting on behalf of the Note Administrator, shall, from time to time, request the Noteholders to fund increases to the principal balance of their Notes on any Business Day (an “Increase Date”) in an aggregate amount equal to the Net Purchase Requirement with respect to such Business Day and the Noteholders hereby agree to fund such increases. Each and every increase in the Principal Balance shall, however, be subject to the terms, conditions and restrictions set forth in the Note Purchase Agreement unless, with respect to any Noteholder, such Noteholder has waived any such terms, conditions and restrictions. Any increase shall be made in accordance with the following procedures:
(i) No later than 11:00 a.m. on any Business Day, the Note Administrator, upon receipt of timely instructions from the Servicer, shall withdraw such amounts as are available in the Reserve Account up to the Net Purchase Requirement for such day and remit such amounts to the Transferor on such Increase Date.
(ii) To the extent additional funds are required to fund the Net Purchase Requirement after giving effect to the amounts to be remitted pursuant to clause (i) above, the Note Administrator upon receipt of instructions received no later than 11:00 a.m. on such Business Day from the Servicer shall notify CSG, LLC and the Transferor of the amount of any additional funds that are required to fund the Net Purchase Requirement.
(b) After giving effect to all remittances made by or on behalf of any Purchaser (including any Secondary Purchaser) with respect to the Net Purchase Requirement pursuant to Section 4.02(a) above, the Note Administrator, on the written instruction of the Servicer in accordance with the Note Purchase Agreement, shall promptly annotate the Note Register to reflect the Increase Amount with respect to each Note.
Principal Balance Increases. (a) Upon the terms and subject to the conditions set forth herein and in the Series 2002-A Indenture Supplement, the Purchaser shall fund the Net Purchase Requirement requested by the Servicer with respect to the Purchaser’s Series 2002-A Note in accordance with the procedures described herein. To the extent the Purchaser fails to fund the Net Purchase Requirement in full due to the failure or refusal of a Member of the Purchaser to make a capital contribution as required under the terms of the Amended and Restated LLC Agreement or the Amended and Restated Capital Contribution Agreement, or due to the inability of the Purchaser to fund such Member’s pro rata share of the Net Purchase Requirement (such Member, an “Affected Member”, and the amount which the Affected Member failed or refused to contribute, or with respect to which the Purchaser was unable to fund on behalf of such Affected Member, the “Affected Amount”), the Servicer, acting on behalf of the Note Administrator, shall demand that the Affected Member fund an increase in the Series 2002-A Note held by such Affected Member in an amount equal to the Affected Amount in accordance with the procedures described in Annex B attached hereto.
(b) Upon the satisfaction of the conditions precedent set forth in Section 3.2, the Purchaser shall remit funds in an amount equal to the Net Purchase Requirement in accordance with the procedures described in Annex B attached hereto.
(c) Upon the satisfaction of the conditions precedent set forth in Sections 3.2 and 3.3, each Secondary Purchaser shall remit funds in an amount equal to the Affected Amount required to be funded by such Secondary Purchaser, if any, in accordance with the procedures described in Annex B attached hereto.
