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

• In connection with any Mandatory Decrease, the Master Issuer shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate).

• Upon discovery of any Class B Excess Principal Event, HVF II, within two (2) Business Days of such discovery, shall deliver written notice of any related Class B Mandatory Decreases, any related Class B Mandatory Decrease Amount and the date of any such Class B Mandatory Decrease to the Trustee and each Class B Noteholder.

• Upon discovery of any Class A Excess Principal Event, HVF II, within two (2) Business Days of such discovery, shall deliver written notice of any related Class A Mandatory Decreases, any related Class A Mandatory Decrease Amount and the date of any such Class A Mandatory Decrease to the Trustee and each Class A Noteholder.

• In connection with any Mandatory 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).

• Subject to and in accordance with Section 3.6, with respect to each Mandatory Decrease, HVF II shall reimburse each Investor Group on the next succeeding Payment Date for any associated breakage costs payable as a result of such Mandatory Decrease.

• Upon discovery of any Class B Excess Principal Event, the Issuer, within two (2) Business Days of such discovery, shall deliver written notice of any related Class B Excess Principal Mandatory Decreases, any related Class B Excess Principal Mandatory Decrease Amount and the date of any such Class B Excess Principal Mandatory Decrease to the Administrative Agent, the Issuer Security Trustee and each Class B Noteholder.

• Upon discovery of any Class A Excess Principal Event, the Issuer, within two (2) Business Days of such discovery, shall deliver written notice of any related Class A Excess Principal Mandatory Decreases, any related Class A Excess Principal Mandatory Decrease Amount and the date of any such Class A Excess Principal Mandatory Decrease to the Administrative Agent, the Issuer Security Trustee and each Class A Noteholder.

• Upon discovery of any Class C Excess Principal Event, HVF II, within two (2) Business Days of such discovery, shall deliver written notice of any related Class C Mandatory Decreases, any related Class C Mandatory Decrease Amount and the date of any such Class C Mandatory Decrease to the Trustee and each Class C Noteholder.

• Such Mandatory Decrease shall be ratably allocated among the Class A Noteholders, based on their respective portion of the Class A Principal Amount.

• Upon discovery of any Class D Excess Principal Event, HVF II, within two (2) Business Days of such discovery, shall deliver written notice of any related Class D Mandatory Decreases, any related Class D Mandatory Decrease Amount and the date of any such Class D Mandatory Decrease to the Trustee and each Class D Noteholder.

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

Mandatory Decrease is defined in Section 2.5(e).