Common use of Additional Balance Clause in Contracts

Additional Balance. Subject to Section 2.01, in the event that Seller wishes an increase in the VFN Principal Balance, Seller shall deliver to Administrative Agent a copy of the VFN Note Balance Adjustment Request that is delivered under the Indenture. If all the Funding Conditions required pursuant to Section 5.02 hereof and the Indenture have been satisfied, then upon approval in writing by the Administrative Agent of such increase in the VFN Principal Balance (such increase, upon such approval, an “Additional Balance”), (i) the outstanding VFN Principal Balance set forth in the Asset Schedule hereof shall be automatically updated as set forth in the related Transaction Notice in accordance with Section 2.02 and (ii) if requested by Seller pursuant to Section 2.02, Administrative Agent shall thereupon deliver the Purchase Price set forth in Section 2.02(b), which Purchase Price shall equal the Buyer’s pro rata portion (based on the Buyer’s related Borrowing Capacity (as defined in the Indenture)) of the related aggregate purchase price of all Series 2020-SPIADVF1 Notes under all SPIADVF1 Repurchase Agreements.

Additional Balance. Subject to Section 2.01, in the event that Seller wishes an increase in the VFN Principal Balance, Seller shall deliver to Administrative Agent a copy of the VFN Note Balance Adjustment Request that is delivered under the Indenture. If all the Funding Conditions required pursuant to Section Sections 2.02(b) and 5.02 hereof and the Indenture have been satisfied, then upon approval in writing by the Administrative Agent of such increase in the VFN Principal Balance shall be increased by the amount so reflected (such increase, upon such approval, an “Additional Balance”), and (i) the outstanding VFN Principal Balance set forth in the Asset Schedule hereof shall be automatically updated as set forth in the related Transaction Notice in accordance with Section 2.02 and (ii) if requested by Seller pursuant to Section 2.02, Administrative Agent each Buyer shall thereupon deliver its portion of the related Purchase Price as set forth in Section 2.02(b), which Purchase Price shall equal the Buyer’s pro rata portion (based on the Buyer’s related Borrowing Capacity (as defined in the Indenture)) of the related aggregate purchase price of all Series 2020-SPIADVF1 Notes under all SPIADVF1 Repurchase Agreements.