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5.
for any applicable Payment Date following the Ramp-Up End Date, if any Class A Notes are then
Outstanding and if either of the Class A Coverage Tests is not satisfied as of the related
Determination Date. to make payments on the Class A Notes in accordance with the Note Payment
Sequence to the extent necessary to cause both such tests to be satisfied as of the related
Determination Date:
6.
to the Holders of the Class B Notes. the Class B Interest Amount (excluding, for the avoidance of
doubt, any Deferred Interest):
7.
for any applicable Payment Date following the Ramp-Up End Date. if any Class A Notes or
Class B Notes are then Outstanding and if either of the Class B Coverage Tests is not satisfied as
of the related Determination Date, to make payments on the Class A Notes and the Class B Notes
in accordance with thc Note Payment Sequence to the extent necessary to cause both such tests to
be satisfied as of the related Determination Date:
8.
to the Holders of the Class B Notes, all accrued and unpaid Deferred Interest with respect to the
Class B Notes;
9.
to the Holders of the Class C Notes. the Class C Interest Amount (excluding, for the avoidance of
doubt, any Deferred Interest):
10.
for any applicable Payment Date following the Ramp-Up End Date, if any Class A Notes. Class B
Notes or Class C Notes are then Outstanding and if either of the Class C Coverage Tests is not
satisfied as of the related Determination Date, to make payments on the Class A Notes. the Class B
Notes and the Class C Notes in accordance with the Note Payment Sequence to the extent
necessary• to cause both such tests to be satisfied as of the related Determination Date:
11.
to the Holders of the Class C Notes. all accrued and unpaid Deferred Interest with respect to the
Class C Notes;
12.
to the Holders of the Class D Notes. the Class D Interest Amount (excluding, for the avoidance of
doubt, any Deferred Interest);
13.
following the Ramp-Up End Date, if any of the Senior Notes are then Outstanding and if either of
the Class D Coverage Tests is not satisfied as of the related Determination Date and (i) if the Class
A Coverage Tests, Class B Coverage Tests and Class C Coverage Tests were satisfied without
giving effect to payments pursuant to clauses 5, 7 and 10 above), to the payment of accrued and
unpaid Deferred Interest with respect to the Class D Notes, and then to redeem the Class D Notes.
or (ii) otherwise, to make payments in accordance with the Note Payment Sequence. in the case of
either (i) or (ii) to the extent necessary to cause both Class D Coverage Tests to be satisfied as of
such Determination Date;
14.
to the Holders of the Class D Notes. all accrued and unpaid Deferred Interest with respect to the
Class D Notes:
15.
in the event that either Rating Agency has not confirmed in writing its rating in effect on the
Closing Date on each Class of Senior Notes on or prior to the 30ih Business Day following the
Ramp-Up End Date (and has not provided such confirmation on or prior to the Determination Date
related to the current Payment Date), to make payments in accordance with the Note Payment
Sequence until each such rating is confirmed:
16.
during the Reinvestment Period. if the Class D Overcollateralization Ratio is less than 102.4 % as
of the related Determination Date, to the Collection Account for the purchase of additional
Collateral Obligations an amount equal to 50 % of the remaining Interest Proceeds;
27
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0055931
CONFIDENTIAL
SONY GM_00202115
EFTA01365245