Common use of Class B Notes Subordinate to Class A Notes Clause in Contracts

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 as provided in the Supplement to the Class A Notes. 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 have been made in full. The Class B-1 Notes will be subordinated to the Class A-1 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 have been paid in full (except as may otherwise be required in Article 5 of the Supplement in connection with a Waiver Event), and the Class B-2 Notes will be subordinated to the Class A-2 Notes, such that no payments on account of principal shall be made with respect to the Class B-2 Notes until the Class A Notes have been paid in full (except as may otherwise be required in Article 5 of the Supplement in connection with a Waiver Event); provided, however, that with respect to (x) allocations and payments on account of principal during a Series 1995-1 Rapid Amortization Period, (y) allocation of Losses and Recoveries at any time, and (z) and repurchase of Notes pursuant to Section 7.1 of the Supplement, all of the Class B Notes will be subordinated to the Class A Notes.

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 as provided in the Supplement all respects to the Class A Notes. No 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 Article 5 of the Supplement in connection with a Waiver Event), and the . The Class B-2 Notes will be subordinated to the Class A-2 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 A-1 Notes, Class A-2 Notes and Class A-3 Notes have been paid in full (except as may otherwise be required in Article 5 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 Supplement 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 19951996-1 Rapid Amortization Period, and (y) allocation of Losses and Recoveries at any time, and (z) and repurchase of Notes pursuant to Section 7.1 of the Supplement, all of the Class B Notes will be subordinated to the Class A Notes, as specified herein.

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 as provided in the Supplement all respects to the Class A Notes. 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 B Notes will shall be subordinated to the Class A-1 A Notes, such that (i) no payments on account of principal shall be made with respect to the Class B-1 Notes until the Class A-1 Notes have been paid in full (except as may otherwise be required in Article 5 of the Supplement in connection with a Waiver Event), and the Class B-2 Notes will be subordinated to the Class A-2 Notes, such that no payments on account of principal shall be made with respect to the Class B-2 B Notes until the Class A Notes have been paid in full full, and (except as may otherwise be required in Article 5 of the Supplement in connection with a Waiver Event); provided, however, that ii) with respect to (x) the allocations and payments on account of principal during a Series 1995-1 Rapid Amortization Period, (y) allocation of Losses and Recoveries at any time, time and (z) and any repurchase of Notes pursuant to Section 7.1 8.1 of the this Supplement, all of the Class B Notes will shall be subordinated to the Class A Notes.

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 as provided in the Supplement all respects to the Class A Notes. No Except as provided in Article 6 of the Supplement, no payments on account of interest shall be made with respect -95- 100 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, 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 have been paid in full (except as may otherwise be required in Article 5 of the Supplement in connection with a Waiver Event)full, and the Class B-2 Notes will be subordinated to the Class A-2 Notes, such that no payments on account of principal shall be made with respect to the Class B-2 Notes until the Class A A-2 Notes have been paid in full (except as may otherwise and the Class B-3 Notes will be required subordinated to the Class A-3 Notes, such that no payments on account of principal shall be made with respect to the Class B-3 Notes until the Class A-3 Notes have been paid in Article 5 of the Supplement in connection with a Waiver Event)full; provided, however, that with respect to (x) allocations and payments on account of principal during a Series 1995-1 1997 1/N1 Rapid Amortization Period, (y) allocation of Losses and Recoveries at any time, and (z) and any repurchase of Notes pursuant to Section 7.1 8.1 of the Supplement, all of the Class B Notes will be subordinated to the Class A Notes.