Common use of PSL Tranche Clause in Contracts

PSL Tranche. Percentage (%) Dollar Equivalent (assuming $[ ] total) A PSL Tranche to be sold to fund current PSL Contribution Amount [ ]% $[ ] B1 Plus PSL Tranche to be sold to fund Seller’s costs, fees and expenses (excluding Processing Costs) [ ]% $[ ] B2 Plus PSL Tranche to be sold to fund Processing Costs [ ]% $[ ] C Plus PSL Tranche to be sold and representing Minimum Monthly PSL Tranche [ ]% $[ ] D Plus PSL Tranche to be sold to fund Purchaser’s costs, fees and expenses [ ]% $[ ] E Total PSL Tranche to be sold on Purchase Date [ ]% $[ ] F Total PSL Tranche sold to date (inclusive of % stated above) [ ]% (not to exceed 100%) $[ ] G Total Unsold PSL Tranche [ ]% (100% minus amount set forth above) $[ ] The Seller has been informed by the Purchaser or the Collateral Agent that the Purchaser’s next monthly debt service payment (using the Assumed Interest Rate) for Loans made under the Credit Agreement for the purchase of PSL Tranches is $ and, therefore, the Minimum Monthly PSL Tranche as stated above is [ ]%. The Seller hereby represents that, based on the information provided by the Purchaser or the Collateral Agent, that the total PSL Tranche to be sold to the Purchaser on the Purchase Date is equal to or greater than such Minimum Monthly PSL Tranche. The Seller has also been informed by the Purchaser or the Collateral Agent that prior to the date hereof the Purchaser has borrowed an aggregate cumulative principal amount of $ under the Credit Agreement for the purchase of PSL Tranches. The Seller hereby represents that the Purchaser or the Collateral Agent has advised the Seller that following the sale of the PSL Tranche contemplated by this Notice of Sale, the aggregate cumulative principal amount borrowed by the Purchaser under the Credit Agreement for the purchase of PSL Tranches will be $ [Not to exceed $[[ ] million]].

PSL Tranche. Percentage (%) Dollar Equivalent (assuming $[ ] total) A PSL Tranche to be sold to fund current PSL Contribution Amount [ ]% $[ ] B1 Plus PSL Tranche to be sold to fund Seller’’s costs, fees and expenses (excluding Processing Costs) [ ]% $[ ] B2 Plus PSL Tranche to be sold to fund Processing Costs [ ]% $[ ] C Plus PSL Tranche to be sold and representing Minimum Monthly PSL Tranche [ ]% $[ ] D Plus PSL Tranche to be sold to fund Purchaser’’s costs, fees and expenses [ ]% $[ ] E Total PSL Tranche to be sold on Purchase Date [ ]% $[ ] F Total PSL Tranche sold to date (inclusive of % stated above) [ ]% (not to exceed 100%) $[ ] G Total Unsold PSL Tranche [ ]% (100% minus amount set forth above) $[ ] The Seller has been informed by the Purchaser or the Collateral Agent that the Purchaser’’s next monthly debt service payment (using the Assumed Interest Rate) for Loans made under the Credit Agreement for the purchase of PSL Tranches is $ and, therefore, the Minimum Monthly PSL Tranche as stated above is [ ]%. The Seller hereby represents that, based on the information provided by the Purchaser or the Collateral Agent, that the total PSL Tranche to be sold to the Purchaser on the Purchase Date is equal to or greater than such Minimum Monthly PSL Tranche. The Seller has also been informed by the Purchaser or the Collateral Agent that prior to the date hereof the Purchaser has borrowed an aggregate cumulative principal amount of $ under the Credit Agreement for the purchase of PSL Tranches. The Seller hereby represents that the Purchaser or the Collateral Agent has advised the Seller that following the sale of the PSL Tranche contemplated by this Notice of Sale, the aggregate cumulative principal amount borrowed by the Purchaser under the Credit Agreement for the purchase of PSL Tranches will be $ [Not to exceed $[[ ] million]].