Mandatory Decrease definition
Mandatory Decrease has the meaning set forth in Section 2.2(a) of the Series 2019-1 Supplement.
Mandatory Decrease has the meaning specified in Section 2.2(a) of this Series Supplement.
Mandatory Decrease has the meaning specified in Section 2.3(b).
Examples of Mandatory Decrease in a sentence
In connection with any Mandatory Decrease, the Master Issuer shall reimburse the Trustee, the Servicer and the Manager, as applicable, for any unreimbursed Advances and Manager Advances (in each case, with interest thereon at the Advance Interest Rate).
Such Mandatory Decrease shall be allocated among the Series 2025-1 Class A-1 Noteholders in accordance with the Class A-1 Order of Distribution.
More Definitions of Mandatory Decrease
Mandatory Decrease has the meaning specified in Section 4A.3(a) of this Supplement.
Mandatory Decrease has the meaning set forth in the Series 2022-1 Class A-1 Note Purchase Agreement.
Mandatory Decrease has the meaning set forth in Section 3.2(a) of the Series 2007-1 Supplement.
Mandatory Decrease has the meaning set forth in Section 2.2(a) of this Series Supplement. “Offering Memorandum” means the offering memorandum for the offering of the Series 2025-1 Class A-2 Notes, dated December 5, 2025, prepared by the Master Issuer. “Outstanding Series 2025-1 Class A-1 Notes” means, with respect to the Series 2025-1 Class A-1 Notes, all Series 2025-1 Class A-1 Notes theretofore authenticated and delivered under the Base Indenture, except: (i) Series 2025-1 Class A-1 Notes theretofore canceled by the Registrar or delivered to the Registrar for cancellation; (ii) Series 2025-1 Class A-1 Notes, or portions thereof, for whose payment or redemption funds in the necessary amount have been theretofore irrevocably deposited in the Series 2025-1 Class A-1 Distribution Account and are available for payment of such Series 2025-1 Class A-1 Notes and the Series 2025-1 Class A-1 Commitments with respect to which have terminated; provided that if such Series 2025-1 Class A-1 Notes or portions thereof are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefore reasonably satisfactory to the Trustee has been made; (iii) Series 2025-1 Class A-1 Notes that have been defeased in accordance with Section 12.1 of the Base Indenture; (iv) Series 2025-1 Class A-1 Notes in exchange for, or in lieu of which other Series 2025-1 Class A-1 Notes have been authenticated and delivered pursuant to the Indenture, unless proof reasonably satisfactory to the Trustee is presented that any such Series 2025-1 Class A-1 Notes are held by a holder in due course or protected purchaser; and (v) Series 2025-1 Class A-1 Notes alleged to have been mutilated, destroyed, lost or stolen for which replacement Series 2025-1 Class A-1 Notes have been issued as provided in the Indenture. “Outstanding Series 2025-1 Class A-2 Notes” means, all Series 2025-1 Class A-2 Notes theretofore authenticated and delivered under the Base Indenture, except: (i) Series 2025-1 Class A-2 Notes theretofore canceled by the Registrar or delivered to the Registrar for cancellation; (ii) Series 2025-1 Class A-2 Notes, or portions thereof, for whose payment or redemption funds in the necessary amount have been theretofore irrevocably deposited in the Series 2025-1 Class A-2 Distribution Account and are available for payment of such Series 2025-1 Class A-2 Notes; provided that if such Series 2025-1 Class A-2 Notes or portions thereof are to be redeemed, notice of such redemptio...
Mandatory Decrease is defined in Section 2.5(e).
Mandatory Decrease means a required payment of principal on the Series 2020-1 Notes made pursuant to Section 2.4(b)(i).