Common use of Declaration of Amortization Commencement Day Clause in Contracts

Declaration of Amortization Commencement Day. (1) In the case of an Amortization Event described in Section 8.1(a), (b), (d), (g), (h), (l) and (m), an Amortization Period with respect to the Series 2023-1 Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or the Issuer Trustee provides written notice to the Servicer of the Amortization Commencement Day for the Series 2023-1 Ownership Interest, and the Amortization Period with respect to the Series 2023-1 Ownership Interest will commence on the Amortization Commencement Day specified in such notice. (2) In the case of an Amortization Event described in Section 8.1(c), (e), (f), (i), (j) and (k), the Amortization Commencement Day with respect to the Series 2023-1 Ownership Interest will be deemed to be the day on which the Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; provided, however that the Series 2023-1 Co-Owner may, within three (3) Business Days after the recognition by the Custodian or the Issuer Trustee or the Series 2023-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 2023-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect to the Series 2023-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 2023-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 2023-1 Co-Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Day. (3) During the Amortization Period for the Series 2023-1 Ownership Interest, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 2023-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 2023-1 Co-Owner in respect of the Series 2023-1 Ownership Interest for the day in accordance with Section 6.7 of the Pooling and Servicing Agreement. During the three

Declaration of Amortization Commencement Day. (1) In the case of an Amortization Event described in Section 8.1(a), (b), (d), (g), (h), (l) and (m), an Amortization Period with respect to the Series 20232019-1 Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or the Issuer Trustee provides written notice to the Servicer of the Amortization Commencement Day for the Series 20232019-1 Ownership Interest, and the Amortization Period with respect to the Series 20232019-1 Ownership Interest will commence on the Amortization Commencement Day specified in such notice. (2) In the case of an Amortization Event described in Section 8.1(c), (e), (f), (i), (j) and (k), the Amortization Commencement Day with respect to the Series 20232019-1 Ownership Interest will be deemed to be the day on which the Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; provided, however that the Series 20232019-1 Co-Owner may, within three (3) Business Days after the recognition by the Custodian or the Issuer Trustee or the Series 20232019-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 20232019-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect to the Series 20232019-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 20232019-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 20232019-1 Co-Co- Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Day. (3) During the Amortization Period for the Series 20232019-1 Ownership Interest, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 20232019-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 20232019-1 Co-Owner in respect of the Series 20232019-1 Ownership Interest for the day in accordance with Section 6.7 of the Pooling and Servicing Agreement. During the threethree (3) Business Day period referred to in Section 8.2(2) during which the commencement of the Amortization Period may be waived, Collections and Miscellaneous Deposits otherwise distributable to the Series 2019-1 Co-Owner in respect of the Series 2019-1 Ownership Interest, shall be retained in the Collection Account, the Series 2019-1 Liquidation Principal Funding Account or the Series 2019-1 Liquidation Yield Reserve Account, as the case may be.

Declaration of Amortization Commencement Day. (1) In the case of an Amortization Event described in Section 8.1(a), (b), (d), (g), (h), (l) and (m), an Amortization Period with respect to the Series 20232020-1 Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or the Issuer Trustee provides written notice to the Servicer of the Amortization Commencement Day for the Series 20232020-1 Ownership Interest, and the Amortization Period with respect to the Series 20232020-1 Ownership Interest will commence on the Amortization Commencement Day specified in such notice. (2) In the case of an Amortization Event described in Section 8.1(c), (e), (f), (i), (j) and (k), the Amortization Commencement Day with respect to the Series 20232020-1 Ownership Interest will be deemed to be the day on which the Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; provided, however that the Series 20232020-1 Co-Owner may, within three (3) Business Days after the recognition by the Custodian or the Issuer Trustee or the Series 20232020-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 20232020-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect to the Series 20232020-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 20232020-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 20232020-1 Co-Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Day. (3) During the Amortization Period for the Series 20232020-1 Ownership Interest, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 20232020-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 20232020-1 Co-Owner in respect of the Series 20232020-1 Ownership Interest for the day in accordance with Section 6.7 of the Pooling and Servicing Agreement. During the three

Declaration of Amortization Commencement Day. (1) In the case of an Amortization Event described in Section 8.1(a), (b), (d), (g), (h), (l) and (m), an Amortization Period with respect to the Series 20232022-1 Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or the Issuer Trustee provides written notice to the Servicer of the Amortization Commencement Day for the Series 20232022-1 Ownership Interest, and the Amortization Period with respect to the Series 20232022-1 Ownership Interest will commence on the Amortization Commencement Day specified in such notice. (2) In the case of an Amortization Event described in Section 8.1(c), (e), (f), (i), (j) and (k), the Amortization Commencement Day with respect to the Series 20232022-1 Ownership Interest will be deemed to be the day on which the Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; provided, however that the Series 20232022-1 Co-Owner may, within three (3) Business Days after the recognition by the Custodian or the Issuer Trustee or the Series 20232022-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 20232022-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect to the Series 20232022-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 20232022-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 20232022-1 Co-Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Day. (3) During the Amortization Period for the Series 20232022-1 Ownership Interest, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 20232022-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 20232022-1 Co-Owner in respect of the Series 20232022-1 Ownership Interest for the day in accordance with Section 6.7 of the Pooling and Servicing Agreement. During the three

Declaration of Amortization Commencement Day. (1a) In the case of an Amortization Event described in Section 8.1(a6.01(a)(i), (bii), (diii), (g), (h), (lix) and (m), xi) an Amortization Period with respect to the Series 2023202●-1 ● Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or Co-Owner or, if the Issuer Trustee Trust is the Co-Owner, the Administrative Agent provides written notice (the “Amortization Event Notice”) to the Servicer of the Amortization Commencement Day for the Series 2023202●-1 ● Ownership Interest, and the Amortization Period with respect to the Series 2023202●-1 ● Ownership Interest will thereafter commence on the Amortization Commencement Day specified in such notice. (2b) In the case of an Amortization Event described in Section 8.1(c6.01(a)(iv), (ev), (fvi), (ivii), (jviii) and (k)x) above, and Section 3.15(a) of the Pooling and Servicing Agreement, the Amortization Commencement Day with respect to the Series 2023202●-1 ● Ownership Interest will be deemed to be the day on which the such Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; providedCo-Owner. Notice of the commencement of an Amortization Period shall be provided by the Servicer to the Custodian, however that the Series 2023-1 Seller and the Co-Owner may, within three (3) Business Days forthwith after the recognition by the Custodian or the Issuer Trustee or the Series 2023-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 2023-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect pursuant to the Series 2023-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 2023-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 2023-1 Co-Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Daythis Section 6.02(b). (3c) During the Amortization Period for the Series 2023-1 Ownership InterestFor greater certainty, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 2023-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 2023-1 Co-Owner in respect of the Series 2023202●-1 ● Ownership Interest for Interest, an Amortization Event shall only exist based on the day occurrence of one of the events specified in accordance with Section 6.7 6.01(a) above, and in Section 3.15(a) of the Pooling and Servicing Agreement. During No other events, including any regulatory action by the threeOffice of the Superintendent of Financial Institutions (Canada) affecting the Seller, shall cause an Amortization Event in respect of the Series 202●-● Ownership Interest to occur. (d) On each Distribution Day during the Amortization Period, the Servicer shall direct the Custodian to withdraw from the Collection Account and deposit to the Distribution Account, (a) an amount equal to the Series Ownership Entitlement for the related Determination Period, minus the Floating Allocation Percentage of the Pool Expenses in each case for the Series 202●-● Ownership Interest and the related Determination Period, and (b) the lesser of: (i) the sum of the Series Principal Collections and Available Excess Collections in each case for the related Determination Period, and (ii) the Invested Amount for the Series 202●-● Ownership Interest on the immediately preceding Determination Day. On each Distribution Day during the Amortization Period, the Servicer shall direct the Custodian to withdraw from the Reserve Account, to the extent of the Available Reserve Amount, and deposit in the Distribution Account the sum of the Cumulative Entitlement Deficiency and the Cumulative Invested Amount Deficiency, in each case as of the immediately preceding Determination Day.

Declaration of Amortization Commencement Day. (1) In the case of an Amortization Event described in Section 8.1(a), (b), (d), (g), (h), (l) and (m), an Amortization Period with respect to the Series 20232024-1 Ownership Interest will commence only if, after the applicable grace period, if any, either the Custodian or the Issuer Trustee provides written notice to the Servicer of the Amortization Commencement Day for the Series 20232024-1 Ownership Interest, and the Amortization Period with respect to the Series 20232024-1 Ownership Interest will commence on the Amortization Commencement Day specified in such notice. (2) In the case of an Amortization Event described in Section 8.1(c), (e), (f), (i), (j) and (k), the Amortization Commencement Day with respect to the Series 20232024-1 Ownership Interest will be deemed to be the day on which the Amortization Event occurs, without any notice or other action on the part of the Custodian or the Issuer Trustee; provided, however that the Series 20232024-1 Co-Owner may, within three (3) Business Days after the recognition by the Custodian or the Issuer Trustee or the Series 20232024-1 Co-Owner of the applicable Amortization Event waive the commencement of the Amortization Period for the Series 20232024-1 Ownership Interest and, upon such waiver and so long as such waiver is continuing, the Amortization Commencement Day with respect to the Series 20232024-1 Ownership Interest shall be deemed not to have occurred and the Amortization Period with respect to the Series 20232024-1 Ownership Interest shall be deemed not to have commenced. If a waiver is not granted by the Series 20232024-1 Co-Owner within three (3) Business Days after the recognition of such applicable Amortization Event, then, but only then, will the Amortization Period commence, and, in such circumstances, the Amortization Period will be deemed to have commenced on such Amortization Commencement Day. (3) During the Amortization Period for the Series 20232024-1 Ownership Interest, the Custodian, upon the direction of the Servicer, shall withdraw from the Collection Account and the Series 20232024-1 Liquidation Principal Funding Account, as the case may be, and deposit into the Accumulations Account on each Business Day Collections and Miscellaneous Deposits distributable to the Series 20232024-1 Co-Owner in respect of the Series 20232024-1 Ownership Interest for the day in accordance with Section 6.7 of the Pooling and Servicing Agreement. During the three