Common use of Specification of Required Subordinated Amount and Other Terms Clause in Contracts

Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(20__-_) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to ___________% of (i) prior to the occurrence of a Class A(20__-_) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes on such date of determination or (ii) on and after the date on which a Class A(20__-_) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-_) Adverse Event shall have occurred. (b) For the Class A(20__-_) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to ___________% of (i) prior to the occurrence of a Class A(20__-_) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes on such date or (ii) on and after the date on which a Class A(20__-_) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(20__-_) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-_) Adverse Event shall have occurred. (c) The Issuer may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Class A(20__-_) Notes that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Class A(20__-_) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion.

Specification of Required Subordinated Amount and Other Terms. (a) For the Class A(20__-A(200_-_) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to ___________[ ]% of (i) prior to the occurrence of a Class A(20__-A(200_-_) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes on such date of determination or (ii) on and after the date on which a Class A(20__-A(200_-_) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-A(200_-_) Adverse Event shall have occurred. (b) For the Class A(20__-A(200_-_) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to ___________[ ]% of (i) prior to the occurrence of a Class A(20__-A(200_-_) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes on such date or (ii) on and after the date on which a Class A(20__-A(200_-_) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(20__-A(200_-_) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-A(200_-_) Adverse Event shall have occurred. (c) The Issuer may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Class A(20__-A(200_-_) Notes of the ONEseries that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Class A(20__-A(200_-_) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion.

Specification of Required Subordinated Amount and Other Terms. (a) [For the Class A(20__-[__](200[_]-[_]) Notes for any date of determination, the Class A [__] Required Subordinated Amount of Class B [__] Notes will be an amount equal to [___________]% of (i) prior to the occurrence of a Class A(20__-[__](200[_]-[_]) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes on such date of determination or (ii) on and after the date on which a Class A(20__-[__](200[_]-[_]) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-[__](200[_]-[_]) Adverse Event shall have occurred.] (b) [For the Class A(20__-[__](200[_]-[_]) Notes for any date of determination, the Class A [__] Required Subordinated Amount of Class C [__] Notes will be an amount equal to [___________]% of (i) prior to the occurrence of a Class A(20__-[__](200[_]-[_]) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes on such date or (ii) on and after the date on which a Class A(20__-[__](200[_]-[_]) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(20__-[__](200[_]-[_]) Notes as of the close of business on the day immediately preceding the date on which such Class A(20__-[__](200[_]-[_]) Adverse Event shall have occurred.] (c) The Issuer Issuing Entity may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as the Issuer Issuing Entity has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Class A(20__-_) Notes that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with respect to any Outstanding Class A(20__-_) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion.