Common use of Application of Partial Redemption Clause in Contracts

Application of Partial Redemption. In the event of any purchase or other acquisition permitted by Section 8.5 of less than all of the Notes of any Series, or any tranche of Notes within a Series (a “Partial Redemption”), the amount of the payment required at maturity for such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, and each regularly scheduled prepayment required to be made pursuant to this Section 8.1 or any Supplement for such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, shall be reduced in the proportion that the principal amount of such Partial Redemption bears to the unpaid principal amount of the Notes of such Series, or the applicable tranche of Notes within such Series, as the case may be, immediately prior to such Partial Redemption (after giving effect to any regularly scheduled prepayment made on such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, pursuant to this Section 8.1 or any Supplement on the date of such Partial Redemption).

Application of Partial Redemption. In the event of any purchase or other acquisition permitted by Section 8.5 of less than all of the Notes of any Series, or any tranche of Notes within a Series (a “"Partial Redemption”"), the amount of the payment required at maturity for such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, and each regularly scheduled prepayment required to be made pursuant to this Section 8.1 or any Supplement for such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, shall be reduced in the proportion that the principal amount of such Partial Redemption bears to the unpaid principal amount of the Notes of such Series, or the applicable tranche of Notes within such Series, as the case may be, immediately prior to such Partial Redemption (after giving effect to any regularly scheduled prepayment made on such Series of Notes, or the applicable tranche of Notes within such Series, as the case may be, pursuant to this Section 8.1 or any Supplement on the date of such Partial Redemption).