Mandatory Decrease definition

Mandatory Decrease has the meaning set forth in Section 2.2(a) of the Series 2019-1 Supplement.

Mandatory Decrease has the meaning specified in Section 2.2(a) of this Series Supplement.

Mandatory Decrease has the meaning specified in Section 4A.3(a) of this Supplement.

Examples of Mandatory Decrease in a sentence

• Any associated Series 2022-1 Class A-1 Breakage Amounts incurred as a result of such decrease (calculated in accordance with the Series 2022-1 Class A-1 Note Purchase Agreement) shall be deposited into the Collection Account for allocation as Series 2022-1 Class A-1 Other Amounts pursuant to the Priority of Payments on the Weekly Allocation Date related to the Weekly Manager’s Certificate indicating such Mandatory Decrease.

• The Issuer and the Manager shall not be responsible for any failure to reflect such allocations or reallocations in any Weekly Manager’s Certificate or Quarterly Noteholders’ Report, or for any payments inconsistent with such allocations or reallocations, until such notice is provided as set forth in this clause (g), including in connection with any Mandatory Decrease, Voluntary Decrease or prepayment of any other Tranche, Class or Series of Notes under the Indenture.

More Definitions of Mandatory Decrease

Mandatory Decrease has the meaning specified in Section 2.3(b).

Mandatory Decrease has the meaning specified in Section 4.3(a).

Mandatory Decrease has the meaning set forth in the Series 2022-1 Class A-1 Note Purchase Agreement.

Mandatory Decrease has the meaning set forth in Section 3.2(a) of the Series 2007-1 Supplement.

Mandatory Decrease is defined in Section 2.5(e).

Mandatory Decrease means a required payment of principal on the Series 2020-1 Notes made pursuant to Section 2.4(b)(i).