Common use of Creation and Designation Clause in Contracts

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2020-2 Exchange Note” is hereby created. (b) The terms of the 2020-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17, 2020; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,000; (iii) the “Cutoff Date” will be the close of business on May 14, 2020; (iv) the “Exchange Note Interest Rate” will be equal to 3.22%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20, 2024; (vi) the 2020-2 Exchange Note will be issued as a single class; and (vii) the 2020-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202018-2 3 Exchange Note” is hereby created. (b) The terms of the 20202018-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17September 26, 20202018; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,295,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 31, 20202018; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.81%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20, 20242022; (vi) the 20202018-2 3 Exchange Note will be issued as a single class; and (vii) the 20202018-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202015-2 Exchange Note” is hereby created. (b) The terms of the 20202015-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17, 20202015; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,072,000,000; (iii) the “Cutoff Date” will be the close of business on May 141, 20202015; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.35%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December in November 20, 20242019; (vi) the 20202015-2 Exchange Note will be issued as a single class; and (vii) the 20202015-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202015-2 1 Exchange Note” is hereby created. (b) The terms of the 20202015-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17March 25, 20202015; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,083,000,000; (iii) the “Cutoff Date” will be the close of business on May 14February 1, 20202015; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.02%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December in March 20, 20242020; (vi) the 20202015-2 1 Exchange Note will be issued as a single class; and (vii) the 20202015-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202025-2 Exchange Note” is hereby created. (b) The terms of the 20202025-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17May 29, 20202025; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,380,000,000; (iii) the “Cutoff Date” will be the close of business on May 14March 31, 20202025; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.05%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20October 22, 20242029; (vi) the 20202025-2 Exchange Note will be issued as a single class; and (vii) the 20202025-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202021-2 3 Exchange Note” is hereby created. (b) The terms of the 20202021-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17August 18, 20202021; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,335,000,000; (iii) the “Cutoff Date” will be the close of business on May 14June 30, 20202021; (iv) the “Exchange Note Interest Rate” will be equal to 3.221.17%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 2022, 20242025; (vi) the 20202021-2 3 Exchange Note will be issued as a single class; and (vii) the 20202021-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202016-2 1 Exchange Note” is hereby created. (b) The terms of the 20202016-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 25, 20202016; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,063,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 4, 20202016; (iv) the “Exchange Note Interest Rate” will be equal to 3.224.09%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December July 20, 20242020; (vi) the 20202016-2 1 Exchange Note will be issued as a single class; and (vii) the 20202016-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202017-2 Exchange Note” is hereby created. (b) The terms of the 20202017-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 1714, 20202017; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 30, 20202017; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.96%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December May 20, 20242022; (vi) the 20202017-2 Exchange Note will be issued as a single class; and (vii) the 20202017-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202021-2 Exchange Note” is hereby created. (b) The terms of the 20202021-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17May 26, 20202021; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,307,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 6, 20202021; (iv) the “Exchange Note Interest Rate” will be equal to 3.221.14%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20September 22, 20242025; (vi) the 20202021-2 Exchange Note will be issued as a single class; and (vii) the 20202021-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2020-2 1 Exchange Note” is hereby created. (b) The terms of the 2020-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 19, 2020; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,305,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 2, 2020; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.29%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December June 20, 2024; (vi) the 2020-2 1 Exchange Note will be issued as a single class; and (vii) the 2020-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202015-2 3 Exchange Note” is hereby created. (b) The terms of the 20202015-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17October 15, 20202015; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,068,000,000; (iii) the “Cutoff Date” will be the close of business on May 14September 2, 20202015; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December August 20, 20242020; (vi) the 20202015-2 3 Exchange Note will be issued as a single class; and (vii) the 20202015-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2020-2 3 Exchange Note” is hereby created. (b) The terms of the 2020-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17September 29, 2020; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,673,000,000; (iii) the “Cutoff Date” will be the close of business on May 14August 24, 2020; (iv) the “Exchange Note Interest Rate” will be equal to 3.221.72%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December February 20, 20242025; (vi) the 2020-2 3 Exchange Note will be issued as a single class; and (vii) the 2020-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202016-2 Exchange Note” is hereby created. (b) The terms of the 20202016-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17May 18, 20202016; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,173,000,000; (iii) the “Cutoff Date” will be the close of business on May 14March 31, 20202016; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.70%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20February 22, 20242021; (vi) the 20202016-2 Exchange Note will be issued as a single class; and (vii) the 20202016-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202021-2 1 Exchange Note” is hereby created. (b) The terms of the 20202021-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 24, 20202021; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,562,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 5, 20202021; (iv) the “Exchange Note Interest Rate” will be equal to 3.221.02%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20July 21, 20242025; (vi) the 20202021-2 1 Exchange Note will be issued as a single class; and (vii) the 20202021-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202018-2 Exchange Note” is hereby created. (b) The terms of the 20202018-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 1727, 20202018; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,300,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 30, 20202018; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.61%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December September 20, 20242022; (vi) the 20202018-2 Exchange Note will be issued as a single class; and (vii) the 20202018-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202024-2 Exchange Note” is hereby created. (b) The terms of the 20202024-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17May 16, 20202024; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,460,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 2, 20202024; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.72%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December October 20, 20242028; (vi) the 20202024-2 Exchange Note will be issued as a single class; and (vii) the 20202024-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202016-2 3 Exchange Note” is hereby created. (b) The terms of the 20202016-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17September 22, 20202016; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,056,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 31, 20202016; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December May 20, 20242021; (vi) the 20202016-2 3 Exchange Note will be issued as a single class; and (vii) the 20202016-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202023-2 1 Exchange Note” is hereby created. (b) The terms of the 20202023-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 16, 20202023; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,610,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 2, 20202023; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.77%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December July 20, 20242027; (vi) the 20202023-2 1 Exchange Note will be issued as a single class; and (vii) the 20202023-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202018-2 1 Exchange Note” is hereby created. (b) The terms of the 20202018-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 22, 20202018; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,314,000,000; (iii) the “Cutoff Date” will be the close of business on May 14December 25, 20202017; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.38%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December October 20, 20242022; (vi) the 20202018-2 1 Exchange Note will be issued as a single class; and (vii) the 20202018-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202017-2 1 Exchange Note” is hereby created. (b) The terms of the 20202017-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17March 15, 20202017; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,322,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 31, 20202017; (iv) the “Exchange Note Interest Rate” will be equal to 3.223.10%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December July 20, 20242021; (vi) the 20202017-2 1 Exchange Note will be issued as a single class; and (vii) the 20202017-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202019-2 3 Exchange Note” is hereby created. (b) The terms of the 20202019-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17August 14, 20202019; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,043,000,000; (iii) the “Cutoff Date” will be the close of business on May 14June 30, 20202019; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.45%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20, 20242023; (vi) the 20202019-2 3 Exchange Note will be issued as a single class; and (vii) the 20202019-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202025-2 3 Exchange Note” is hereby created. (b) The terms of the 20202025-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17August 13, 20202025; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,050,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 1, 20202025; (iv) the “Exchange Note Interest Rate” will be equal to 3.224.61%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20January 22, 20242030; (vi) the 20202025-2 3 Exchange Note will be issued as a single class; and (vii) the 20202025-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202023-2 3 Exchange Note” is hereby created. (b) The terms of the 20202023-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17August 16, 20202023; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,120,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 4, 20202023; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.95%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December January 20, 20242028; (vi) the 20202023-2 3 Exchange Note will be issued as a single class; and (vii) the 20202023-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202025-2 1 Exchange Note” is hereby created. (b) The terms of the 20202025-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 12, 20202025; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,870,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 1, 20202025; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.00%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December July 20, 20242029; (vi) the 20202025-2 1 Exchange Note will be issued as a single class; and (vii) the 20202025-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202022-2 Exchange Note” is hereby created. (b) The terms of the 20202022-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17May 11, 20202022; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,502,000,000; (iii) the “Cutoff Date” will be the close of business on May 14March 29, 20202022; (iv) the “Exchange Note Interest Rate” will be equal to 3.224.34%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20September 21, 20242026; (vi) the 20202022-2 Exchange Note will be issued as a single class; and (vii) the 20202022-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202024-2 3 Exchange Note” is hereby created. (b) The terms of the 20202024-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17October 2, 20202024; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,390,000,000; (iii) the “Cutoff Date” will be the close of business on May 14August 20, 20202024; (iv) the “Exchange Note Interest Rate” will be equal to 3.224.755%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December March 20, 20242029; (vi) the 20202024-2 3 Exchange Note will be issued as a single class; and (vii) the 20202024-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202017-2 3 Exchange Note” is hereby created. (b) The terms of the 20202017-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17September 20, 20202017; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,053,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 31, 20202017; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.84%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December January 20, 20242022; (vi) the 20202017-2 3 Exchange Note will be issued as a single class; and (vii) the 20202017-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202024-2 1 Exchange Note” is hereby created. (b) The terms of the 20202024-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 15, 20202024; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,690,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 2, 20202024; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December July 20, 20242028; (vi) the 20202024-2 1 Exchange Note will be issued as a single class; and (vii) the 20202024-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202023-2 Exchange Note” is hereby created. (b) The terms of the 20202023-2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June May 17, 20202023; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,340,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 2, 20202023; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.78%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December October 20, 20242027; (vi) the 20202023-2 Exchange Note will be issued as a single class; and (vii) the 20202023-2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202022-2 3 Exchange Note” is hereby created. (b) The terms of the 20202022-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June August 17, 20202022; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,470,000,000; (iii) the “Cutoff Date” will be the close of business on May 14July 5, 20202022; (iv) the “Exchange Note Interest Rate” will be equal to 3.225.23%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 2021, 20242026; (vi) the 20202022-2 3 Exchange Note will be issued as a single class; and (vii) the 20202022-2 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202022-2 1 Exchange Note” is hereby created. (b) The terms of the 20202022-2 1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 17February 23, 20202022; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,0001,599,000,000; (iii) the “Cutoff Date” will be the close of business on May 14January 3, 20202022; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.65%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December 20June 22, 20242026; (vi) the 20202022-2 1 Exchange Note will be issued as a single class; and (vii) the 20202022-2 1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20202017-2 3 Exchange Note” is hereby created. (b) The terms of the 20202017-2 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be June 1714, 20202017; (ii) the “Exchange Note Initial Principal Balance” will be $1,326,000,000; (iii) the “Cutoff Date” will be the close of business on May 14April 30, 20202017; (iv) the “Exchange Note Interest Rate” will be equal to 3.222.96%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring on December May 20, 20242022; (vi) the 20202017-2 3 Exchange Note will be issued as a single class; and (vii) the 20202017-2 3 Exchange Note will not be rated.