Common use of Execution, Authentication and Delivery Clause in Contracts

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000223,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000258,385,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00065,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000388,134,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000106,731,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00037,600,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 31,820,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00039,330,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000444,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000420,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000210,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000484,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 148,240,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,760,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000287,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000540,700,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000540,700,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000146,580,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00017,650,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 41,700,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00025,670,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000283,200,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000161,510,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000452,100,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00089,000,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00028,920,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00021,160,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00014,110,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000229,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000247,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000106,200,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000266,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00089,920,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 29,500,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00014,750,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000139,600,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000181,200,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000274,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00076,910,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 25,110,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00012,560,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000184,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000271,560,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000110,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000130,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00041,000,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00056,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00061,030,000 and Class E Notes for original issue in an aggregate principal amount of $18,630,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes, Class D Notes and Class D E Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class B Notes and Class C Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Retained Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000249,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000197,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000241,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 198,106,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00031,896,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained the Class B Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000258,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000343,400,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000378,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000112,280,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00034,560,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 31,360,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00022,400,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, Securities Administrator shall upon Issuer Order, Request authenticate and deliver the each Class A-1 of Notes for original issue in an aggregate initial principal amount equal to the Initial Note Principal Balance or Initial Notional Amount, as applicable, for such Class of $309,000,000, Notes. Each of the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Class A-1 Notes and Class A-2 Notes shall be issuable as registered Notes in book-entry form and the Notes shall be issuable in the minimum denominations initial Note Principal Balances of $5,000 25,000 and in integral multiples of $1,000 1 in excess thereof; provided, that the minimum amounts of any Retained . The Class X-1 Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.15. (e) the minimum initial Notional Amount of $25,000 and in integral multiples of $1 in excess thereof. The Class A-3, Class A-4, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Notes shall be issuable as registered Notes in physical form and the Notes shall be issuable in the minimum initial Note Principal Balances of $25,000 and in integral multiples of $1 in excess thereof. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee Securities Administrator by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000456,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000328,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000268,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000522,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 132,260,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,740,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000219,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000396,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000425,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000130,630,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00035,000,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 25,000,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00019,370,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000333,000,000, the Class A-2a A‑2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000577,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000508,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 142,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000355,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000120,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000280,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000360,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 103,750,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 31,250,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000342,800,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000339,600,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000185,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000524,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 85,000,000 and the Class B Notes for original issue use in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 23,100,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2025-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000149,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000235,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000235,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 109,676,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00015,609,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000296,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000506,670,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000606,670,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000143,290,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00027,190,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 47,370,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00022,810,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000247,900,000 , the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000394,260,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000445,570,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000107,090,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00035,540,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 35,540,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00034,100,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Responsible Officers. The signatures signature of any such Authorized Responsible Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Responsible Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of deliverysuch Notes. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000222,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000244,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000437,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000399,400,000, the and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00098,440,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000265,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000437,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000437,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000133,100,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00024,700,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00041,170,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000161,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000272,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000272,800,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 71,720,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00024,520,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000326,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000298,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000298,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000534,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 104,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000216,550,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000258,240,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000110,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000279,880,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00097,610,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 30,230,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00015,120,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000425,600,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000509,726,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000189,474,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000623,200,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 104,500,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000169,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000231,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000281,800,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00076,830,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 25,500,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00012,750,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000152,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000352,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000262,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 74,800,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,030,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000263,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000400,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000450,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 87,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2019-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000431,100,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000315,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000345,400,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000661,200,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 99,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Responsible Officers. The signatures signature of any such Authorized Responsible Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Responsible Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of deliverysuch Notes. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000151,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000384,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000369,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000522,800,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 144,500,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00065,600,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000345,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000157,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000472,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000630,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 101,250,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000291,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000554,800,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000490,300,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 115,200,000 the Class B Notes for original issue in an aggregate principal amount of $50,790,00037,290,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 35,000,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00026,400,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000321,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000320,860,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000263,140,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000555,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 100,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000503,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000390,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000179,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000479,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 155,250,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000216,100,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000221,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000154,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000316,300,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00084,000,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 31,200,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00015,650,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class B Notes and Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000219,000,000, the Class A-2a A-2-A Notes for original issue in an aggregate principal amount of $410,000,000284,200,000, the Class A-2b A-2-B Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000231,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00076,680,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00017,720,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00026,580,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00021,670,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2-A Notes, Class A-2b A-2-B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000341,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000320,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000111,200,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000334,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 111,750,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 31,250,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000168,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000219,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000219,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00060,270,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00012,940,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00021,560,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000245,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000275,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000270,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 94,934,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,957,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000446,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000361,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, 129,000,000 the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000490,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 134,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000241,670,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000404,520,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000374,520,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00075,850,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00021,290,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00035,490,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000254,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000420,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000470,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 106,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2020-B Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000340,240,000, the Class A-2a A-2-A Notes for original issue in an aggregate principal amount of $410,000,000318,815,000, the Class A-2b A-2-B Notes for original issue in an aggregate principal amount of $125,000,000318,815,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000571,440,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00088,610,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00031,800,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00053,010,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2-A Notes, Class A-2b A-2-B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000210,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000467,740,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000416,710,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000104,620,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 37,770,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,900,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000354,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000261,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000111,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000396,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 96,750,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 31,250,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000215,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000257,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000257,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 102,340,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00017,810,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000208,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000340,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000340,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 83,100,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00030,580,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000200,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000310,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000360,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 80,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2018-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000171,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000268,940,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, the 268,940,000 Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00081,820,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 24,900,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00012,450,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, and Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000281,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000359,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000429,120,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 101,640,000 the Class B Notes for original issue in an aggregate principal amount of $50,790,00038,320,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 32,160,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00023,260,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000275,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000371,250,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00060,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000431,250,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 112,500,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2019-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000255,700,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000395,750,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000470,750,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000129,000,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00022,300,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 32,200,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00017,900,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000305,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000405,026,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000189,474,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000527,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 133,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000335,060,000, the Class A-2a A-2-A Notes for original issue in an aggregate principal amount of $410,000,000364,400,000, the Class A-2b A-2-B Notes for original issue in an aggregate principal amount of $200,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $503,900,000, Class A-4 Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00029,700,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00049,500,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2-A Notes, Class A-2b A-2-B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000200,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000387,400,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000387,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000121,600,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 34,530,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00017,270,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $393,000,000 of Class A-1 Notes, (ii) $309,000,000405,000,000 of Class A-2-A Notes, the (iii) $405,000,000 of Class A-2a Notes for original issue in an aggregate principal amount A-2-B Notes, (iv) $564,290,000 of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (v) $220,000,000 of $535,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2-A Notes, Class A-2b A-2-B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2014-A Closing Date, one Class A-1 Note, one Class A-2-A Note, one Class A-2-B Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2-A Note Balance, the Initial Class A-2-B Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000217,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000230,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000153,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000297,200,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00099,500,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 31,390,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00015,740,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class B Notes and Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000237,320,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000309,240,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00065,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000336,770,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00080,300,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 32,400,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00016,200,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000214,300,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000174,260,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000260,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000434,260,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00087,890,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 36,870,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,440,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000300,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000315,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000214,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000467,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00090,740,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00040,560,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00042,090,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00030,610,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000213,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000201,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000201,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000345,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000104,200,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00020,000,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 23,900,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00031,900,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000262,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000378,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000428,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000116,900,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00047,500,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 40,800,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00025,800,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000300,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000227,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000225,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000402,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 95,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000430,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000393,000,000, the Class A-2b A‑2b Notes for original issue in an aggregate principal amount of $125,000,000195,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000590,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 97,750,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000330,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000189,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000389,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 124,620,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual 3 (NAROT 2017-B Indenture) or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000208,170,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000443,680,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000493,680,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000130,080,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00023,860,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 32,980,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00017,550,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6.. Table of Contents (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000501,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000560,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000480,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 165,250,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000448,000,000, the Class A-2a A-2-A Notes for original issue in an aggregate principal amount of $410,000,000436,800,000, the Class A-2b A-2-B Notes for original issue in an aggregate principal amount of $125,000,000250,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000653,200,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000134,660,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00037,340,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00062,230,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2-A Notes, Class A-2b A-2-B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000305,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000135,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000315,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, 400,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 95,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000120,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000242,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000129,890,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00059,560,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00037,970,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00032,390,000 and Class E Notes for original issue in an aggregate principal amount of $16,750,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b ▇-▇▇, ▇▇▇▇▇ ▇-▇ Notes, Class B Notes, Class C Notes, Class D Notes and Class E Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and $1,000 increments in excess thereof, and the Class E Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 increments in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000291,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000443,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00085,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000486,100,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 97,900,000 the Class B Notes for original issue in an aggregate principal amount of $50,790,00040,600,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 32,340,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00024,060,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000310,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000312,300,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000312,300,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000554,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 71,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000200,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000295,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000300,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 130,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000252,100,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000382,100,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000304,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 261,890,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that any Retained Notes retained by NARC II or NMAC or conveyed to an Affiliate of NARC II or NMAC shall be issued as Definitive Notes and the minimum amounts holder of any such Retained Notes shall be subject to a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000220,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000210,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000175,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000305,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 90,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2016-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000283,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000354,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000120,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000460,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000107,900,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00041,700,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 33,900,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00029,500,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000175,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000322,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00070,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000351,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00076,260,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 31,320,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00015,650,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, and Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000356,800,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000273,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000263,900,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 72,922,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 34,022,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes 1,000. Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000280,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000375,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000427,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000117,000,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00039,000,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 41,000,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00021,000,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000130,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000342,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000157,600,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00069,260,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00044,170,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00037,660,000 and Class E Notes for original issue in an aggregate principal amount of $19,480,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 B Notes, Class C Notes, Class D Notes and Class E Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class E Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000255,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000441,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000522,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000136,950,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00045,100,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 28,600,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00020,350,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000241,400,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000309,760,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000110,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000419,760,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00089,300,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the 36,760,000 and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,380,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000383,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000358,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000258,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000616,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 91,250,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000243,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000427,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000428,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000130,500,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00025,950,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 22,100,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00023,450,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000412,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000378,950,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000273,450,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000656,100,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 132,000,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000390,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000367,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000220,634,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000454,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 128,366,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000277,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000412,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000493,900,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 107,910,000 the Class B Notes for original issue in an aggregate principal amount of $50,790,00042,170,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 39,910,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00027,110,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000443,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000460,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000240,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000420,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 143,250,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000190,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000309,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000257,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 127,670,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00018,940,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained the Class A-1 Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000360,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000205,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000442,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 142,500,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2017-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000278,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000392,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000394,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000112,630,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00037,990,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 34,600,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00025,780,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000276,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000472,790,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000364,380,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000108,530,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00034,750,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, 34,750,000 and the Class D Notes for original issue in an aggregate principal amount of $33,050,00033,800,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000253,700,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000420,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000420,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00099,870,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00023,180,000, the and Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00038,630,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000245,510,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000275,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000205,700,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000456,420,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,00096,430,000, the Class B Notes for original issue in an aggregate principal amount of $50,790,00036,350,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,00033,500,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00046,850,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000442,010,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000546,600,000, the Class A-2b A‑2b Notes for original issue in an aggregate principal amount of $125,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000516,600,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 126,040,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000192,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $410,000,000324,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000324,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the 75,480,000 and Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,00026,010,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000454,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000654,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000106,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000486,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 152,100,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000270,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000200,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000290,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000, 410,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 132,710,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual 3 (Nissan 2015-B Indenture) or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $309,000,000401,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $410,000,000397,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,00080,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000428,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, 156,490,000 and the Class B Notes for original issue in an aggregate principal amount of $50,790,000, the Class C Notes for original issue in an 37,510,000. The aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $309,000,000296,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $410,000,000330,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $125,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $535,000,000428,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $88,790,000, the Class B Notes for original issue in an 96,000,000. The aggregate principal amount of $50,790,000, the Class C Notes for original issue in an aggregate principal amount of $48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $33,050,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2016-C Indenture)