Common use of Decreases Clause in Contracts

Decreases. Seller shall provide Agent and each Purchaser with an irrevocable prior written notice (a “Reduction Notice”) two Business Days prior to any proposed reduction of the Aggregate Capital from Collections. Such Reduction Notice shall designate (i) the date (the “Proposed Reduction Date”) upon which any such reduction of the Aggregate Capital shall occur and (ii) the amount of the Aggregate Capital to be reduced that shall be applied ratably to the aggregate Capital of the Purchasers in accordance with the amount of Capital (if any) owing to the Purchasers (ratably to each Purchaser, based on the ratio of such Purchaser’s Capital at such time to the aggregate Capital of all of the Purchasers at such time) (the “Aggregate Reduction”), without regard to any unpaid RPA Deferred Purchase Price. Only one (1) Reduction Notice shall be outstanding at any time. Concurrently with any reduction of the Aggregate Capital pursuant to this Section, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction. No Aggregate Reduction will be made following the occurrence of the Amortization Date without the prior written consent of Agent.

Decreases. Seller shall provide the Agent and each Purchaser with an irrevocable prior --------- written notice in conformity with the Required Notice Period of any reduction from Collections requested by Seller of Capital (a “"Reduction Notice”) two Business Days prior to any proposed reduction of the Aggregate Capital from Collections"). Such ---------------- Reduction Notice shall designate (i) the date (the “"Proposed Reduction Date”") ----------------------- upon which any such reduction of the Aggregate Capital shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the aggregate amount of the Aggregate Capital to be reduced that which shall be applied ratably to the aggregate Capital Purchaser Interests of PREFCO and the Purchasers Financial Institutions in accordance with the amount of Capital (if any) owing to PREFCO, on the Purchasers one hand, and the amount of Capital (ratably if any) owing to each Purchaserthe Financial Institutions (ratably, based on their respective Pro Rata Shares), on the ratio of such Purchaser’s Capital at such time to the aggregate Capital of all of the Purchasers at such time) other hand (the “"Aggregate Reduction”"), without regard to any unpaid RPA Deferred Purchase Price. Only one (1) ------------------- Reduction Notice shall be outstanding at any time. Concurrently with any reduction of Notwithstanding the Aggregate Capital pursuant to this Sectionforegoing, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction. No Aggregate Reduction will not be made following the occurrence of if the Amortization Date without shall have occurred for any reason on or prior to the prior written consent of AgentProposed Reduction Date.

Decreases. In conformity with the Required Notice Period, Seller shall provide Agent and each Purchaser the Agents with an irrevocable prior written notice in a form set forth as Exhibit II-B hereto of any proposed reduction of Aggregate Capital from Collections (a “Reduction Notice”) two Business Days prior to any proposed reduction ), and each of the Aggregate Capital from CollectionsAgents will promptly forward a copy of each such Reduction Notice to the Purchasers in its Purchaser Group. Such Reduction Notice shall designate (i) the date (the “Proposed Reduction Date”) upon which any such reduction of the Aggregate Capital shall occur and (which date shall give effect to the applicable Required Notice Period), (ii) the amount of the Aggregate Capital to be reduced that (the “Aggregate Reduction”) which shall be applied ratably to the aggregate Capital Purchaser Interests of the Purchasers each Purchaser in accordance with the amount of Capital (if any) owing to such Purchaser in each case divided by the Purchasers (ratably to each Purchaser, based on the ratio of such Purchaser’s Aggregate Capital at such time to the aggregate Capital time, and (iii) each Purchaser’s portion of all of the Purchasers at such time) (the “Aggregate Reduction”), without regard to any unpaid RPA Deferred Purchase Price. Only one (1) Reduction Notice shall be outstanding at any time. Concurrently with any reduction of the Aggregate Capital pursuant to this Section, Seller shall pay to the applicable Purchaser all Broken Funding Costs arising as a result of such reduction. No Aggregate Reduction will be made following the occurrence of the Amortization Date without the prior written consent of Agent.