Common use of Class A Incremental Fundings Clause in Contracts

Class A Incremental Fundings. From time to time during the Revolving Period, Transferor and Servicer may notify one or more Class A Noteholders that a Class A Incremental Funding will occur, subject to the conditions of the Class A Note Purchase Agreement, with respect to the related Ownership Tranche(s) on the next or any subsequent Business Day by delivering a Notice of Class A Incremental Funding (as defined in the Class A Note Purchase Agreement) executed by Transferor and Servicer to the Administrative Agent for each such Class A Noteholder, specifying the amount of such Class A Incremental Funding (which shall be a minimum of $1,000,000 or a higher integral multiple thereof for each Ownership Tranche as to which a Class A Incremental Funding is taking place, except that a Class A Incremental Funding may be requested in the entire remaining Class A Maximum Principal Balance of the related Class A Note) and the Business Day upon which such Class A Incremental Funding is to occur. Upon any Class A Incremental Funding, the Class A Principal Balance, the Collateral Amount, the Note Principal Balance and the Allocation Percentage shall increase as provided herein. The increase in the Class A Principal Balance shall be allocated to the Class A Notes held by the Class A Noteholders from which purchase prices were received in connection with the Class A Incremental Funding in proportion to the amount of such purchase prices received.

Class A Incremental Fundings. From time to time during the Revolving Period, Transferor and Servicer may notify one or more Class A Noteholders Administrative Agents that a Class A Incremental Funding will occur, subject to the conditions of the Class A Note Purchase Agreement, with respect to the related Ownership Tranche(sGroup(s) on the next or any subsequent Business Day by delivering a Notice of Class A Incremental Funding (as defined in the Class A Note Purchase Agreement) executed by Transferor and Servicer to the Administrative Agent for each such Class A NoteholderOwnership Group, specifying the amount of such Class A Incremental Funding (which shall be a minimum of $1,000,000 or a higher integral multiple thereof for each Ownership Tranche Group as to which a Class A Incremental Funding is taking place, except that a Class A Incremental Funding may be requested in the entire remaining Class A Maximum Principal Balance Purchase Limit of the related Class A NoteOwnership Group) and the Business Day upon which such Class A Incremental Funding is to occur. Upon any Class A Incremental Funding, the Class A Principal Balance, the Collateral Amount, the Note Principal Balance and the Allocation Percentage shall increase as provided herein. The increase in For each Class A Incremental Funding, the Class A Principal Balance shall be allocated increase in an amount equal to the Class A Notes held by the Class A Noteholders from which purchase prices were received in connection with Incremental Principal Balance. The amount of the Class A Incremental Funding in proportion to shall be allocated pro rata among Ownership Groups based on the amount of such purchase prices receivedOwnership Group Percentage, as applicable.