Common use of VFN Draws, Discretionary Paydowns and Permanent Reductions Clause in Contracts

VFN Draws, Discretionary Paydowns and Permanent Reductions. (i) By no later than 1:00 p.m. Eastern Time on the Business Day prior to any Interim Payment Date or Payment Date during the Revolving Period on which a Class A-2 Note is Outstanding, the Issuer may deliver, or cause to be delivered, to each Holder of a Class A-2 Note and to the Indenture Trustee a report (a “VFN Note Balance Adjustment Request”) for such upcoming Funding Date, requesting such Holders to fund a VFN Principal Balance increase in the amount specified in such request, which request shall instruct the Indenture Trustee to recognize an increase in the VFN Principal Balance, but not in excess of the Maximum VFN Principal Balance. The VFN Note Balance Adjustment Request shall also state the amount, if any, of any principal payment to be made on the VFNs on the upcoming Interim Payment Date or Payment Date.

VFN Draws, Discretionary Paydowns and Permanent Reductions. (i) By With respect to each VFN, by no later than 1:00 p.m. Eastern Time on the Business Day prior to any Interim Payment Date or Payment Date during the Revolving Period for such VFN on which a any applicable Variable Funding Note Class A-2 Note is Outstanding, the Issuer may deliver, or cause to be delivered, to each Holder Noteholder of a Class A-2 Note such Variable Funding Notes and to the Indenture Trustee a report (a “VFN Note Balance Adjustment Request”) for such upcoming Funding Date, requesting such Holders Noteholders to fund a VFN Principal Balance increase on any Class or Classes of VFNs in the amount amount(s) specified in such request, which request shall instruct the Indenture Trustee to recognize an increase in the related VFN Principal Balance, but not in excess of the related Maximum VFN Principal Balance. The VFN Note Balance Adjustment Request shall also state the amount, if any, of any principal payment to be made on the each Outstanding Class of VFNs on the upcoming Interim Payment Date or Payment Date.

VFN Draws, Discretionary Paydowns and Permanent Reductions. (i) By no later than 1:00 p.m. Eastern Time on the Business Day prior to any Interim Payment Date or Payment Date during the Revolving Period on which a any applicable Variable Funding Note Class A-2 Note is Outstanding, the Issuer may deliver, or cause to be delivered, to each Holder of a Class A-2 Note such Variable Funding Notes and to the Indenture Trustee a report (a “VFN Note Balance Adjustment Request”) for such upcoming Funding Date, requesting such Holders to fund a VFN Principal Balance increase on any Class or Classes of VFNs in the amount amount(s) specified in such request, which request shall instruct the Indenture Trustee to recognize an increase in the related VFN Principal Balance, but not in excess of the related Maximum VFN Principal Balance. The VFN Note Balance Adjustment Request shall also state the amount, if any, of any principal payment to be made on the each Outstanding Class of VFNs on the upcoming Interim Payment Date or Payment Date.