Common use of Voluntary Decrease Clause in Contracts

Voluntary Decrease. On any Business Day, upon at least three (3) Business Days' prior written notice to each Series 2011-1 Class A-1 Investor, the Series 2011-1 Class A-1 Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 2011-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 2011-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.2(b), a “Voluntary Decrease”) by depositing in the Series 2011-1 Class A-1 Distribution Account on the Business Day preceding the date specified as the decrease date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2011-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this Section 2.2(b)) up to the Series 2011-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease, plus (ii) any associated Series 2011-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2011-1 Class A-1 Note Purchase Agreement). Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 2011-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Rate).

Voluntary Decrease. On any Business Day, upon at least three (3) Business Days' ’ prior written notice to each Series 20112017-1 Class A-1 Investor, the Series 20112017-1 Class A-1 Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 20112017-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 20112017-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.2(b), a “Voluntary Decrease”) by depositing in the Series 20112017-1 Class A-1 Distribution Account not later than 10 a.m. (New York time) on the Business Day preceding the date specified as the decrease date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 20112017-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this Section 2.2(b)) up to the Series 20112017-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease, plus (ii) any associated Series 20112017-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 20112017-1 Class A-1 Note Purchase Agreement); provided, that to the extent the deposit into the Series 2017-1 Class A-1 Distribution Account described above is not made by 10 a.m. (New York time) on a Business Day, the same shall be deemed to be deposited on the following Business Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 20112017-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate).

Voluntary Decrease. On Except as provided in Section 2.2(d), on any Business Day, upon at least three (3) Business Days' ’ prior written notice to each Series 2011-1 Class A-1 Investor, the Series 2011-1 Class A-1 Administrative Agent and the TrusteeTrustee in the applicable Weekly Manager’s Certificate, Quarterly Noteholders’ Report, or otherwise substantially in the form set forth in Exhibit A hereto, the CoIssuerCo-Issuers may decrease the Series 20112019-1 3 Class A-1 Outstanding Principal Amount (each such decrease of the Series 20112019-1 3 Class A-1 Outstanding Principal Amount pursuant to this Section 2.2(b), a “Voluntary Decrease”) by depositing in the Series 20112019-1 3 Class A-1 Distribution Account not later than 10:00 a.m. (New York City time) on the Business Day preceding the date specified as the decrease date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 2011-1 Class A-1 Note Purchase Agreement (iwhich report shall include the calculation of such amounts and instructions for the distributions thereof) an amount (subject to the last sentence of this Section 2.2(b)) up to the Series 20112019-1 3 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease; provided, plus (ii) any associated that to the extent the deposit into the Series 20112019-1 3 Class A-1 Breakage Amounts incurred as Distribution Account described above is not made by 10:00 a.m. (New York City time) on a result of such decrease (calculated in accordance with Business Day, the Series 2011-1 Class A-1 Note Purchase Agreement)same shall be deemed to be deposited on the following Business Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 2011-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Rate).Purchase

Voluntary Decrease. On any Business Day, upon at least three (3) Business Days' ’ prior written notice to each Series 20112019-1 Class A-1 Investor, the Series 20112019-1 Class A-1 Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 20112019-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 20112019-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.2(b2.02(b), a “Voluntary Decrease”) by depositing in the Series 20112019-1 Class A-1 Distribution Account not later than 10 a.m. (New York time) on the Business Day preceding the date specified as the decrease date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 20112019-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this Section 2.2(b2.02(b)) up to the Series 20112019-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease, plus (ii) any associated Series 20112019-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 20112019-1 Class A-1 Note Purchase Agreement); provided, that to the extent the deposit into the Series 2019-1 Class A-1 Distribution Account described above is not made by 10 a.m. (New York time) on a Business Day, the same shall be deemed to be deposited on the following Business Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 20112019-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate).

Voluntary Decrease. On any Business Day, upon at least three (3) Business Days' ’ prior written notice to each Series 20112021-1 Class A-1 Investor, the Series 20112021-1 Class A-1 Administrative Agent and the Trustee, the Co-Issuers may decrease the Series 20112021-1 Class A-1 Outstanding Principal Amount (each such decrease of the Series 20112021-1 Class A-1 Outstanding Principal Amount pursuant to this Section 2.2(b2.02(b), a “Voluntary Decrease”) by depositing in the Series 20112021-1 Class A-1 Distribution Account not later than 10 a.m. (New York time) on the Business Day preceding the date specified as the decrease date in the prior written notice referred to above and providing a written report to the Trustee directing the Trustee to distribute in accordance with the order of distribution of principal payments set forth in Section 4.02 of the Series 20112021-1 Class A-1 Note Purchase Agreement (i) an amount (subject to the last sentence of this Section 2.2(b2.02(b)) up to the Series 20112021-1 Class A-1 Outstanding Principal Amount equal to the amount of such Voluntary Decrease, plus (ii) any associated Series 20112021-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 20112021-1 Class A-1 Note Purchase Agreement); provided, that to the extent the deposit into the Series 2021-1 Class A-1 Distribution Account described above is not made by 10 a.m. (New York time) on a Business Day, the same shall be deemed to be deposited on the following Business Day. Each such Voluntary Decrease shall be in a minimum principal amount as provided in the Series 20112021-1 Class A-1 Note Purchase Agreement. In connection with any Voluntary Decrease, the Co-Issuers shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Servicing Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate).