Common use of Selection of Asset Tranches Clause in Contracts

Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings, divide the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding. The total Invested Amount shall be allocated to the Asset Tranches by the Agent, on the Purchaser's behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested Amount, so that: (a) there will be a single Asset Tranche with a Purchaser's Tranche Investment equal to the excess of the Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and (b) there will be one or more Asset Tranches, selected by the Agent, on the Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings.

Selection of Asset Tranches. The Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity FundingsDiscount, divide the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity FundingTranche. The total Invested Amount shall be allocated to the Asset Tranches by the Agent, on the Purchaser's behalf, behalf to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested Amount, so that: (a) there will be a single an Asset Tranche with a Purchaser's Tranche Investment equal to the excess of the Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper Notes; and (b) there will be one or more Asset Tranches, selected by the Agent, on the Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liquidity Fundings.

Selection of Asset Tranches. The Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Alternate Fundings or Liquidity FundingsFundings made by the related Purchaser Group, as the case may be, divide such portion of the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding or an Alternate Funding, as the case may be. The total related Purchaser Group Invested Amount shall be allocated to the each Asset Tranches Tranche by the related Purchaser Agent, on the related Purchaser's ’s behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested AmountInterest, so that: (a) there will be a single Asset Tranche with a Purchaser's Tranche Investment equal to the excess of the related Purchaser Group Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper NotesNotes of the related Purchaser; and (b) there will may be one or more Asset Tranches, selected by the a Purchaser Agent, on the related Purchaser's ’s behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Alternate Fundings or Liquidity FundingsFundings of such Purchaser Group, as the case may be.

Selection of Asset Tranches. The Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liberty Street Alternate Fundings or Liquidity FundingsFundings made by the related Purchaser Group, as the case may be, divide such portion of the Asset Interest into Asset Tranches; in doing so, the Agent shall, prior to the occurrence of a Liquidation Event, consult with the Seller. The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding or a Liberty Street Alternate Funding, as the case may be. The total related Purchaser Group Invested Amount shall be allocated to the each Asset Tranches Tranche by the related Purchaser Agent, on the related Purchaser's behalf, to reflect the funding sources for the Asset Interest such that the total amount of the Purchaser's Tranche Investments of such Asset Tranches shall equal the Invested AmountInterest, so that: (a) there will be a single Asset Tranche with a Purchaser's Tranche Investment equal to the excess of the related Purchaser Group Invested Amount over the aggregate amount allocated at such time pursuant to clause (b) below, which Asset Tranche shall reflect the portion of the Asset Interest funded by Commercial Paper NotesNotes of the related Purchaser; and (b) there will may be one or more Asset Tranches, selected by the a Purchaser Agent, on the related Purchaser's behalf, reflecting the portion or portions of the Asset Interest funded by outstanding Liberty Street Alternate Fundings or Liquidity FundingsFundings of such Purchaser Group, as the case may be.