Procedure for Decreasing the Principal Amount Sample Clauses

Procedure for Decreasing the Principal Amount. On any one or more Monthly Sale Dates during the Revolving Period, upon request of the Servicer on behalf of the Trust, the Aggregate Principal Amount may be reduced (a "Decrease") by (A)(i) a deposit by the Transferor to the Distribution Account of the amount of such reduction or (ii) the allocation to the Distribution Account of any amounts available pursuant to Section 4.3(g) of the Agreement or (iii) any combination of (i) and (ii). The Servicer shall give the Deal Agent written notice (effective upon receipt) prior to 12:00 Noon (New York City time) three Business Days prior to the date of any Decrease stating the amount of such Decrease; provided that each such Decrease shall be in an amount equal to or greater than $250,000.
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Procedure for Decreasing the Principal Amount. On any one or more Weekly Sale Dates during the Revolving Period, upon request of the Servicer on behalf of the Trust, the Aggregate Class A Principal Amount may be reduced (a "Class A Decrease") by (A)(i) a deposit by the Transferor to the Distribution Account of the amount of such reduction or (ii) the allocation to the Distribution Account of any amounts available pursuant to Section 4.3(g) of the Agreement or (iii) any combination of (i) and (ii). On any one or more Weekly Sale Dates during the Revolving Period, upon request of the Servicer on behalf of the Trust, the Aggregate Class B Principal Amount may be reduced (a "Class B Decrease") by (A)(i) a deposit by the Transferor to the Distribution Account of the amount of such reduction or (ii) the allocation to the Distribution Account of any amounts available pursuant to Section 4.3(g) or (iii) any combination of (i) and (ii); provided that, after giving effect to such Class B Decrease, the Series Subordinated Amount shall not be less than the Required Series Subordinated Amount and the amount of the Class B Decrease shall not exceed the amount that when subtracted from the Aggregate Class B Principal Amount (after giving effect to amounts previously allocated to thereto pursuant to this Section 8) will cause the Aggregate Class B Principal Amount to equal the Required Subordinated Amount (after giving effect to such Class B Decrease). The Servicer shall give the Administrative Agent written notice (effective upon receipt) prior to 12:00 Noon (New York City time) three Business Days prior to the date of any Decrease stating the amount of such Decrease, the portion thereof to be allocated to the Class A Decrease and the portion thereof to be allocated to the Class B Decrease; provided that each such Decrease shall be in an amount equal to or greater than $250,000.
Procedure for Decreasing the Principal Amount 

Related to Procedure for Decreasing the Principal Amount

  • Designation and Principal Amount There is hereby authorized and established a new series of Securities under the Base Indenture designated as the “3.750% Senior Notes due 2025,” which are not limited in aggregate principal amount. The initial aggregate principal amount of the Notes to be issued under this Supplemental Indenture shall be $700,000,000. Any additional amounts of Notes to be issued shall be set forth in a Company Order.

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