Non-Extending Noteholder Payments Clause Samples

Non-Extending Noteholder Payments. On March 31, 2020, (i) HVF II shall effect a Class A Voluntary Decrease, a Class B Voluntary Decrease and a Class C Voluntary Decrease (without any further notice thereof, notwithstanding anything in this Agreement to the contrary) and shall pay or cause to be paid to the Non-Extending Noteholder (A) the Class A Investor Group Principal Amount, the Class B Investor Group Principal Amount and the Class C Investor Group Principal Amount, in each case, with respect to the Non-Extending Noteholder as of such date and (B) any accrued and unpaid interest and fees with respect to the Non-Extending Noteholder as of such date, (ii) each of the Class A Maximum Investor Group Principal Amount, the Class B Maximum Investor Group Principal Amount and the Class C Maximum Investor Group Principal Amount with respect to the Non-Extending Noteholder shall be automatically and permanently reduced to zero, (iii) each of the Class A Maximum Principal Amount, the Class B Maximum Principal Amount and the Class C Maximum Principal Amount, respectively, shall be automatically reduced by the amount of the reductions effected pursuant to clause (ii) of this sentence, (iv) upon the payment of the amounts required pursuant to clause (i) of this sentence, the Non-Extending Noteholder shall surrender its Class A Note, Class B Note and Class C Note to the Trustee for cancellation, (v) notwithstanding anything herein to the contrary, HVF II may use the proceeds of any Class A Advances, Class B Advances, Class C Advances and/or Class D Advances received on March 31, 2020, to make the payments to the Non-Extending Noteholder required pursuant to clause (i) of this sentence, (vi) the Administrative Agent shall revise Schedule II, Schedule IV and Schedule V to remove the Non-Extending Noteholder, which revisions, for the avoidance of doubt, shall not require the consent of the Trustee or any Series 2013-A Noteholder and (vii) for the avoidance of doubt, the Non-Extending Noteholder shall be deemed to be a Class A Terminated Purchaser, a Class B Terminated Purchaser and a Class C Terminated Purchaser as of such date. Upon the payments required pursuant to clause (i) of the preceding sentence, the Non-Extending Noteholder and its related Class A Investor Group, Class B Investor Group and Class C Investor Group shall cease to be a party to this Series Supplement.

Non-Extending Noteholder Payments. (i) On March 31, 2021, HVF II shall effect a Class A Voluntary Decrease, a Class B Voluntary Decrease and a Class C Voluntary Decrease (without any further notice thereof, notwithstanding anything in this Agreement to the contrary) and shall pay or cause to be paid to each Non-Extending Noteholder, if any (A) the Class A Investor Group Principal Amount, the Class B Investor Group Principal Amount and the Class C Investor Group Principal Amount, if any, in each case, with respect to such Non-Extending Noteholder as of such date and (B) any accrued and unpaid interest and fees with respect to such Non-Extending Noteholder as of such date (ii) In connection with the payment to each Non-Extending Noteholder pursuant to clause (i) of this Section 2.3(e) on March 31, 2021, if any, or any payment to a Non-Extending Noteholder prior to March 31, 2021 pursuant to Sections 9.2(a), (b) and (c) that reduces each of such Non-Extending Noteholder’s Class A Investor Group Principal Amount, Class B Investor Group Principal Amount and Class C Investor Group Principal Amount to zero, A. each of the Class A Maximum Investor Group Principal Amount, the Class B Maximum Investor Group Principal Amount and the Class C Maximum Investor Group Principal Amount with respect to such Non-Extending Noteholder shall be automatically and permanently reduced to zero,