Common use of Rule 2 Clause in Contracts

Rule 2. Repayment of payable Pass-through Loan Tranches after a Step-Up Date Following the occurrence of the Step-Up Date under a series of Loan Tranches (Series A Loan Tranches) and provided that the Funding 1 Share of the Trust Property is greater than zero, the aggregate amount repaid on a Funding 1 Interest Payment Date in relation to Loan Tranches (other than Bullet Loan Tranches or Scheduled Amortisation Instalments) comprising those Series A Loan Tranches under items (d), (e), (f), (g) and (h) of the Funding 1 Pre-Trigger Event, Pre-Acceleration Principal Priority of Payments shall be limited to an amount calculated as follows: Funding1 PrincipalFunds x Outstanding PrincipalAmountof Series A TermAdvance AggregateOutstanding PrincipalAmountof all TermAdvances

Rule 2. Repayment of payable Pass-through Loan Tranches after a Step-Up Date Following the occurrence of the Step-Up Date under a series of Loan Tranches (Series A Loan Tranches) and provided that the Funding 1 Share of the Trust Property is greater than zero, the aggregate amount repaid on a Funding 1 Interest Payment Date in relation to Loan Tranches (other than Bullet Loan Tranches or Scheduled Amortisation Instalments) comprising those Series A Loan Tranches under items (d), (e), (f), (g) and (h) of the Funding 1 Pre-Trigger Event, Pre-Acceleration Principal Priority of Payments shall be limited to an amount calculated as follows: Funding1 PrincipalFunds Principal Funds x Outstanding PrincipalAmountof Principal Amount of Series A TermAdvance AggregateOutstanding PrincipalAmountof Term Advance Aggregate Outstanding Principal Amount of all TermAdvancesTerm Advances