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 7.1(1)(a), Section 7.1(1)(b) and Section 7.1(1)(d), an Amortization Period with respect to the Series 2025-1 Ownership Interest will commence only if, after the applicable grace period, if any, the Issuer Trustee or the Financial Services Agent, as agent on behalf of the Issuer Trustee, provides written notice to the Servicer of the Amortization Commencement Day for the Series 2025-1 Ownership Interest, and the Amortization Period with respect to the Series 2025-1 Ownership Interest will thereafter commence on the Amortization Commencement Day specified in such notice. 2. In the case of an Amortization Event described in Section 7.1(1)(c), Section 7.1(1)(e), Section 7.1(1)(f), Section 7.1(1)(g), Section 7.1(1)(h), Section 7.1(1)(i), Section 7.1(1)(j), Section 7.1(1)(k), Section 7.1(1)(l), Section 7.1(1)(m) and Section 7.1(1)(n), the Amortization Commencement Day with respect to the Series 2025-1 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. 3. The Servicer, upon learning of the occurrence of an Amortization Event described in paragraph (m) of the definition thereof, shall promptly notify the Seller, the Custodian, the Co-Owner of each Series, any Agent for each Series, any Entitled Party for each Series and each Rating Agency.

Declaration of Amortization Commencement Day. ‌ 1. In the case of an Amortization Event described in Section 7.1(1)(a), Section 7.1(1)(b) ), and Section 7.1(1)(d), an Amortization Period with respect to the Series 20252023-1 Ownership Interest will commence only if, after the applicable grace period, if any, the Issuer Trustee or the Financial Services Agent, as agent on behalf of the Issuer Trustee, provides written notice to the Servicer of the Amortization Commencement Day for the Series 20252023-1 Ownership Interest, and the Amortization Period with respect to the Series 2025-2023- 1 Ownership Interest will thereafter commence on the Amortization Commencement Day specified in such notice. 2. In the case of an Amortization Event described in Section 7.1(1)(c), Section 7.1(1)(e), Section 7.1(1)(f), Section 7.1(1)(g), Section 7.1(1)(h), Section 7.1(1)(i), Section 7.1(1)(j), Section 7.1(1)(k), Section 7.1(1)(l), Section 7.1(1)(m) and Section 7.1(1)(n), the Amortization Commencement Day with respect to the Series 20252023-1 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. 3. The Servicer, upon learning of the occurrence of an Amortization Event described in paragraph (m) of the definition thereof, shall promptly notify the Seller, the Custodian, the Co-Owner of each Series, any Agent for each Series, any Entitled Party for each Series and each Rating Agency.

Declaration of Amortization Commencement Day. ‌ 1. In the case of an Amortization Event described in Section 7.1(1)(a), Section 7.1(1)(b) and Section 7.1(1)(d), an Amortization Period with respect to the Series 20252023-1 2 Ownership Interest will commence only if, after the applicable grace period, if any, the Issuer Trustee or the Financial Services Agent, as agent on behalf of the Issuer Trustee, provides written notice to the Servicer of the Amortization Commencement Day for the Series 20252023-1 2 Ownership Interest, and the Amortization Period with respect to the Series 20252023-1 2 Ownership Interest will thereafter commence on the Amortization Commencement Day specified in such notice. 2. In the case of an Amortization Event described in Section 7.1(1)(c), Section 7.1(1)(e), Section 7.1(1)(f), Section 7.1(1)(g), Section 7.1(1)(h), Section 7.1(1)(i), Section 7.1(1)(j), Section 7.1(1)(k), Section 7.1(1)(l), Section 7.1(1)(m) and Section 7.1(1)(n), the Amortization Commencement Day with respect to the Series 20252023-1 2 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. 3. The Servicer, upon learning of the occurrence of an Amortization Event described in paragraph (m) of the definition thereof, shall promptly notify the Seller, the Custodian, the Co-Owner of each Series, any Agent for each Series, any Entitled Party for each Series and each Rating Agency.

Declaration of Amortization Commencement Day. ‌ 1. In the case of an Amortization Event described in Section 7.1(1)(a), Section 7.1(1)(b) and Section 7.1(1)(d), an Amortization Period with respect to the Series 20252024-1 Ownership Interest will commence only if, after the applicable grace period, if any, the Issuer Trustee or the Financial Services Agent, as agent on behalf of the Issuer Trustee, provides written notice to the Servicer of the Amortization Commencement Day for the Series 20252024-1 Ownership Interest, and the Amortization Period with respect to the Series 20252024-1 Ownership Interest will thereafter commence on the Amortization Commencement Day specified in such notice. 2. In the case of an Amortization Event described in Section 7.1(1)(c), Section 7.1(1)(e), Section 7.1(1)(f), Section 7.1(1)(g), Section 7.1(1)(h), Section 7.1(1)(i), Section 7.1(1)(j), Section 7.1(1)(k), Section 7.1(1)(l), Section 7.1(1)(m) and Section 7.1(1)(n), the Amortization Commencement Day with respect to the Series 20252024-1 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. 3. The Servicer, upon learning of the occurrence of an Amortization Event described in paragraph (m) of the definition thereof, shall promptly notify the Seller, the Custodian, the Co-Owner of each Series, any Agent for each Series, any Entitled Party for each Series and each Rating Agency.