Common use of Amortization Event Clause in Contracts

Amortization Event. (i) Upon the occurrence of an Amortization Event with respect to one or more, but not all, Outstanding Series of Group II Notes, the Trustee shall exercise all remedies hereunder to the extent necessary to pay all interest on and principal of the related Series of Group II Notes up to the Principal Amount of each such Series of Group II Notes; provided that, any such actions shall not adversely affect in any material respect the interests of the Group II Noteholders of any Series of Group II Notes Outstanding with respect to which no Amortization Event shall have occurred.

Amortization Event. (i) Upon the occurrence of an Amortization Event with respect to one or more, but not all, Outstanding Series of Group II I Notes, the Trustee shall exercise all remedies hereunder to the extent necessary to pay all interest on and principal of the related Series of Group II I Notes up to the Principal Amount of each such Series of Group II I Notes; provided that, any such actions shall not adversely affect in any material respect the interests of the Group II I Noteholders of any Series of Group II I Notes Outstanding with respect to which no Amortization Event shall have occurred.