Class B Notes Subordinate to Class A Notes Sample Clauses

Class B Notes Subordinate to Class A Notes. Notwithstanding anything to the contrary contained herein or in any other Related Document, the Class B Notes will be subordinate in all respects to the Class A Notes. Except as provided in Article 5 of this Supplement, no payments on account of interest shall be made with respect to the Class B Notes until all payments of interest then due and payable with respect to the Class A Notes (including, without limitation, all accrued interest, all interest accrued on such accrued interest, and all Class A Deficiency Amounts) have been made in full. The Class B-1 Notes will be subordinated to the Class A-1 Notes and the Class A-2 Notes, such that no payments on account of principal shall be made with respect to the Class B-1 Notes until the Class A-1 Notes and the Class A-2 Notes have been paid in full (except as may otherwise be required in connection with a Waiver Event). The Class B-2 Notes will be subordinated to the Class A-3 Notes, such that no payments on account of principal shall be made with respect to the Class B-2 Notes until the Class A-1 Notes, Class A-2 Notes and Class A-3 Notes have been paid in full (except as may otherwise be required in connection with a Waiver Event). The Class B-3 Notes will be subordinated to the Class A-4 Notes, such that no payments on account of principal shall be made with respect to the Class B-3 Notes until the Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes have been paid in full (except as may otherwise be required in connection with a Waiver Event); provided, however, that with respect to (x) allocations and payments on account of principal during a Series 1996-1 Rapid Amortization Period, and (y) allocation of Losses and Recoveries at any time, all of the Class B Notes will be subordinated to the Class A Notes, as specified herein.