Common use of Execution, Authentication and Delivery Clause in Contracts

Execution, Authentication and Delivery. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 the Notes for original issue in an the Classes and aggregate principal amount of $194,000,000, amounts as set forth below: Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, A-1 $ ,000 Class A-2a $ ,000 Class A-2b $ ,000 Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, $ ,000 Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, $ ,000 Class B Notes for original issue in an aggregate principal amount of $27,870,000 and $ ,000 Class C Notes for original issue in an aggregate principal amount of $13,930,000. $ ,000 Class D $ ,000 The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B such Classes of Notes and Class C Notes outstanding Outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall initially be issuable as registered Notes in the minimum denomination denominations of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of $194,000,000Notes: (i) $ of Class A-1 Notes, (ii) $ of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $ of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, (iv) $ of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount Notes, (v) $ of $79,150,000, Class B Notes for original issue in an aggregate principal amount Notes, (vi) $ of $27,870,000 and Class C Notes for original issue in an aggregate principal amount and (vii) $ of $13,930,000Class D Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04excess 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000260,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000360,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 354,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000106,810,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $25,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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-C 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000241,670,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000404,520,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000374,520,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00075,850,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 21,290,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00035,490,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000186,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000369,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000326,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 89,060,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00030,560,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000245,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000275,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000270,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 94,934,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00018,957,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000225,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000272,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $75,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000347,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00080,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000168,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000218,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000176,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 107,515,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00014,342,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000237,320,000, Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000309,240,000, Class A-2b Notes for original issue in an aggregate principal amount of $65,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000336,770,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00080,300,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 32,400,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00016,200,000. The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 the Notes for original issue in an the Classes and initial aggregate principal amount of $194,000,000, amounts as set in the table below. Initial Aggregate Class A-2 Principal Amount ----- ---------------- Class [ ] Notes for original issue in an aggregate principal amount of $305,780,000, $ [o] Class A-3 [ ] Notes for original issue in an aggregate principal amount of $305,780,000, $ [o] Class A-4 [ ] Notes for original issue in an aggregate principal amount of $79,150,000, $ [o] Class B [ ] Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. $ [o] The aggregate principal amount of Class A-1 [ ] Notes, Class A-2 [ ] Notes, Class A-3 Notes, Class A-4 Notes, Class B [ ] Notes and Class C [ ] Notes outstanding Outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. 2.6. (d) The Class [ ], Class [ ], Class [ ] and Class [ ] Notes shall be issuable as registered Book-Entry Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (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 Issuing Entity Issuer by any of its Authorized Responsible Officers. The signature of any such Authorized Responsible Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000151,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000384,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000369,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000522,800,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 144,500,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00065,600,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (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 Issuing Entity Issuer by any of its Authorized Officers. The signature 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that whether any 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 at the on such date of such Notes. authentication or date of delivery. (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000291,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000554,800,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000490,300,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 115,200,000 the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 37,290,000, the Class C Notes for original issue in an aggregate principal amount of $13,930,00035,000,000 and the Class D Notes for original issue in an aggregate principal amount of $26,400,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 5,000 and in integral multiples of $1,0001,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000503,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000390,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $179,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000479,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 155,250,000 and the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00043,750,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. 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; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000149,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000235,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000235,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 109,676,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00015,609,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000265,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000437,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000437,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000133,100,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 24,700,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00041,170,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000161,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000272,800,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000272,800,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 71,720,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00024,520,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000208,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000340,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000340,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 83,100,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00030,580,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000171,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000268,940,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 268,940,000 Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00081,820,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 24,900,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00012,450,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000296,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000330,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000428,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00096,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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)

Execution, Authentication and Delivery. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000330,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $189,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000389,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000124,620,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee Securities Administrator shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver 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 $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note of the Notes 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 denomination initial Note Principal Balances of $1,000 25,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class X Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Notional Amount of $25,000 and in integral multiples of $1 in excess thereof. The Class M, 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000169,000,000, Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000231,800,000, Class A-2b Notes for original issue in an aggregate principal amount of $50,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000281,800,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00076,830,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 25,500,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00012,750,000. The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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 Issuing Entity Issuer by any of its Authorized Officers. The signature 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that whether any 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 at the on such date of such Notes. authentication or date of delivery. (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000287,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000540,700,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000540,700,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000146,580,000, the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 17,650,000, the Class C Notes for original issue in an aggregate principal amount of $13,930,00041,700,000 and the Class D Notes for original issue in an aggregate principal amount of $25,670,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 5,000 and in integral multiples of $1,0001,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000247,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000348,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000348,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000100,750,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 20,260,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00033,800,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000233,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000266,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $80,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000332,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00089,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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-A 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000215,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000257,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000257,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 102,340,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00017,810,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver for original issue the Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, equal to the Initial Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A Principal Balance, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 NotesC Principal Balance, Class A-2 Notes, D Notes for original issue in an aggregate amount equal to the Initial Class A-3 Notes, D Principal Balance and the Class A-4 Notes, E Note for original issue in an aggregate amount equal to the Initial Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06E Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 250,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04excess 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000200,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000295,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $75,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000300,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000130,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000168,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000219,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000219,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00060,270,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 12,940,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00021,560,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000254,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000420,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $50,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000470,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000106,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000262,400,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000380,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000380,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00076,390,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 21,340,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00035,560,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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 Issuing Entity Issuer by any of its Authorized Officers. The signature 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that whether any 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 at the on such date of such Notes. authentication or date of delivery. (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000231,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000548,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000485,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000125,310,000, the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 48,190,000, the Class C Notes for original issue in an aggregate principal amount of $13,930,00038,400,000 and the Class D Notes for original issue in an aggregate principal amount of $24,100,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 5,000 and in integral multiples of $1,0001,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000352,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000219,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $219,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000376,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00083,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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 2023-B Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that whether any 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 at the on such date of such Notes. authentication or date of delivery. (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000276,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000472,790,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000364,380,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000108,530,000, the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 34,750,000, the Class C Notes for original issue in an aggregate principal amount of $13,930,00034,750,000 and the Class D Notes for original issue in an aggregate principal amount of $33,800,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 5,000 and in integral multiples of $1,0001,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee Securities Administrator shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver 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 $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note of the Notes 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 denomination initial Note Principal Balances of $1,000 25,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. 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 2.04the 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000253,700,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000420,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000420,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00099,870,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 23,180,000, and Class C Notes for original issue in an aggregate principal amount of $13,930,00038,630,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000355,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000120,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $280,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000360,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 103,750,000 and the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00031,250,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. 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; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000305,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000135,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $315,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 400,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00095,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee Securities Administrator shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver 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 $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note of the Notes shall be dated the date of its authentication. The Class A-1, Class A-2, Class A-3 and Class A-4 Notes shall be issuable as registered Notes in book-entry form and the Notes shall be issuable in the minimum denomination initial Note Principal Balances of $1,000 100,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class X Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Notional Amount of $100,000 and in integral multiples of $1 in excess thereof. The 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 or Notional Amounts, as applicable, of $100,000 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000300,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000227,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $225,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000402,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00095,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000192,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000324,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000324,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 75,480,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00026,010,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000360,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $205,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000442,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000142,500,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000229,000,000, Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000247,800,000, Class A-2b Notes for original issue in an aggregate principal amount of $106,200,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000266,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00089,920,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 29,500,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00014,750,000. The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000220,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000210,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $175,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000305,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00090,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $25,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000190,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000309,800,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000257,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 127,670,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00018,940,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained the Class A-1 Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000225,500,000, Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000200,000,000, Class A-2b Notes for original issue in an aggregate principal amount of $266,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000403,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00061,570,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 36,320,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00018,160,000. The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000158,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000222,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 336,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00084,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $25,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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 (Nissan 2013-C Indenture)

Execution, Authentication and Delivery. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000263,000,000, the Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000400,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $50,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000450,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00087,000,000. The aggregate principal amount of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. The Notes shall be issuable as registered Notes in minimum denominations of $1,000 and any integral multiple of $1,000 in excess thereof; provided that any Retained Notes shall be issued as Definitive Notes and the 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. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000214,300,000, Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000174,260,000, Class A-2b Notes for original issue in an aggregate principal amount of $260,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000434,260,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00087,890,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 36,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00018,440,000. The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 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 Issuing Entity Issuer by any of its Authorized Officers. The signature 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that whether any 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 at the on such date of such Notes. authentication or date of delivery. (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000251,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000430,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000430,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000117,800,000, the Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 24,800,000, the Class C Notes for original issue in an aggregate principal amount of $13,930,00026,200,000 and the Class D Notes for original issue in an aggregate principal amount of $30,200,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 5,000 and in integral multiples of $1,0001,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000211,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000348,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 347,000,000 Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00082,950,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 31,150,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00015,570,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee Securities Administrator shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver 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 $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note of the Notes 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 denomination initial Note Principal Balances of $1,000 100,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class X Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Notional Amount of $100,000 and in integral multiples of $1 in excess thereof. The 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 or Notional Amounts, as applicable, of $100,000 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver Class A-1 Term Notes for original issue in an aggregate initial principal amount of $194,000,000, Class A-2 516,475,000 and Variable Funding Notes for original issue in an aggregate initial principal amount of $305,780,000, 0. The Class A-3 A-1 Term Notes for original issue in and Class A-2 Term Notes shall have an aggregate initial principal amount of $305,780,000451,475,000 and $65,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000respectively. The Variable Funding Balance of any Class of Variable Funding Notes in the aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed the Maximum Variable Funding Balance for such respective amounts except as provided in Section 2.06Class. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes, and the Term Notes shall be issuable in the minimum denomination denominations of $1,000 250,000 and integral multiples of $1,000; provided, that 1,000 in excess thereof. Each Class of the minimum amounts of any Retained Variable Funding Notes shall be subject initially issued with a Variable Funding Balance of $0 or, if applicable, with a Variable Funding Balance in an amount equal to the restrictions set forth in Balance Differential for the related Loan Group and the Collection Period related to the Payment Date following the date of issuance of such Variable Funding Note pursuant to Section 2.044.01(b). 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. The Notes shall be -------------------------------------- executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 A-1A Notes for original issue in an aggregate principal amount of $194,000,00065,000,000, Class A-2 A-1B Notes for original issue in an aggregate principal amount of $305,780,000136,250,000, Class A-3 A-2 Notes for original issue in an aggregate principal amount of $305,780,00012,500,000, Class A-4 A-3 Notes for original issue in an aggregate principal amount of $79,150,00011,875,000, and Class B A-4 Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,0009,375,000. The aggregate principal amount of Class A-1 A-1A Notes, Class A-1B Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts that amount except as provided in Section 2.062.05. 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000340,000,000, Class A-2 Notes for original issue in an the aggregate principal amount of $305,780,000460,000,000, Class A-3 Notes for original issue in an the aggregate principal amount of $305,780,000375,000,000, Class A-4 Notes for original issue in an the aggregate principal amount of $79,150,000, 280,000,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00045,000,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 shall be issuable as registered Notes in the minimum denomination of $100,000 and in integral multiples of $1,000 in excess thereof. The 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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 Issuing Entity Issuer by any of its Authorized Officers. The signature signatures of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at on the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $194,000,00072,000,000, the Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000136,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000140,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $79,150,00077,250,000, the Class B Notes for original issue in an aggregate principal amount of $27,870,000 14,625,000 and the Class C Notes for original issue in an aggregate principal amount of $13,930,00010,125,000. The aggregate principal amount amounts of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 2,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver Class A-1 Term Notes for original issue in an aggregate initial principal amount of $194,000,000, Class A-2 510,236,000 and Variable Pay Revolving Notes for original issue in an aggregate initial principal amount of $305,780,00011,794,000. The Class A-1 Notes, the Class A-2 Notes and the Class A-3 Notes for original issue in shall have an aggregate initial principal amount of $305,780,000200,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000150,000,000 and $160,236,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06respectively. Each Note shall be dated the date of its authentication. The Term Notes shall be issuable as registered Book-Entry Notes in the minimum denomination denominations of $1,000 25,000 and integral multiples of $1,000; provided, that 1,000 in excess thereof and the minimum amounts of any Retained Variable Pay Revolving Notes shall be subject issued as Definitive Notes in minimum denominations of $250,000 and integral multiples of $1,000 in excess thereof. Each Class of Variable Pay Revolving Note issued pursuant to Section 2.03 shall be issued with an initial Note Balance equal to the restrictions set forth outstanding Note Balance of the related Class of Term Notes as of the related Targeted Final Payment Date, plus, in Section 2.04the case of a substitute Variable Pay Revolving Note issued in connection with an Advance by an existing Holder, the remaining Note Balance of the Variable Pay Revolving Note being so substituted. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Securities Administrator. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee Securities Administrator shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver 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 $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note of the Notes shall be dated the date of its authentication. The Class 1-A-1, Class 2-A-1A, Class 2-A-1B, Class 2-A-1C, Class 2-A-1E, Class 2-A-2, Class 3-A-1, Class 4-A-1, Class 5-A-1 Notes shall be issuable as registered Notes in book-entry form and the Notes shall be issuable in the minimum denomination initial Note Principal Balances of $1,000 25,000 and in integral multiples of $1,000; provided1 in excess thereof. The Class 1-A-2, that the minimum amounts of any Retained Class 3-A-2, Class 4-A-2, Class 5-A-2, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Note Principal Balances, as applicable, of $100,000 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00079,000,000 of Class A-1 Notes, (ii) $97,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $107,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $117,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000189,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000156,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000257,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 139,300,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00043,725,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Request authenticate and deliver the Class A-1 A Notes for original issue in an aggregate initial principal amount of $194,000,000200,646,000. The Class A-1 Notes shall be issued in an aggregate initial Note Balance of $102,596,000, and the Class A-2 Notes for original issue shall be issued in an aggregate principal amount initial Note Balance of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.0698,050,000. Each Note of the Notes shall be dated the date of its authentication. The Class A-1 Notes shall be issuable as registered Notes and the Notes shall be issuable in the minimum denomination initial Note Balances of $1,000 100,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class A-2 Notes shall be subject to issuable as registered Notes and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Note Balances of $25,000 and in integral multiples of $25,000 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000equal to the Initial Class A-1 Principal Balance, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, equal to the Initial Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A-2 Principal Balance, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 NotesC Principal Balance, Class A-2 NotesD Notes for original issue in an aggregate amount equal to the Initial Class D Principal Balance, Class A-3 Notes, E Notes for original issue in an aggregate amount equal to the Initial Class A-4 Notes, E Principal Balance and a Class B Notes and F Note for original issue in an aggregate amount equal to the Initial Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06F Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination initial denominations of $1,000 500,000 and in integral multiples of $1,0001,000 in excess thereof; provided, however, that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its the Authorized OfficersOfficers of the Owner Trustee. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity the Issuer Order authenticate and deliver the Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 153,000,000 Class B Notes for original issue in an the aggregate principal amount of $27,870,000 44,800,000 and Class C Notes for original issue in an the aggregate principal amount of $13,930,0002,300,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 A Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06amounts. Each Note shall be dated the date of its authentication. The Class A Notes and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 250,000 and integral multiples of $1,000; provided, 1,000 thereafter. It is intended that the minimum amounts Class A Notes and Class B Notes be registered so as to participate in a book-entry system with the Clearing Agency as set forth herein. The Class A Notes and Class B Notes shall each be initially issued in the form of any Retained a single fully-registered note for Qualified Institutional Buyers and a single fully-registered note for Institutional Accredited Investors, if any, with a denomination in the aggregate equal to the original principal balance of such class of Notes. Upon initial issuance, the ownership of such Notes shall be subject to registered in the restrictions set forth Note Register in Section 2.04the name of Cede & Co., or any successor thereto, as nominee for the Clearing Agency. 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 signatoriesResponsible Officers, 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver Class A-1 Term Notes for original issue in an aggregate initial principal amount of $194,000,000, Class A-2 258,236,000 and Variable Funding Notes for original issue in an aggregate initial principal amount of $305,780,000, 0. The Class A-3 A-1 Notes for original issue in and the Class A-2 Notes shall have an aggregate initial principal amount of $305,780,000128,836,000 and $129,400,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000respectively. The Variable Funding Balance of the Variable Funding Notes in the aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06the Maximum Variable Funding Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes, and the Term Notes shall be issuable in the minimum denomination denominations of $1,000 25,000 and integral multiples of $1,000; provided, that 1,000 in excess thereof. Each Class of the minimum amounts of any Retained Variable Funding Notes shall be subject initially issued with a Variable Funding Balance of $0 or, if applicable, with a Variable Funding Balance in an amount equal to the restrictions set forth in Balance Differential for the related Group and the Collection Period related to the Payment Date following the date of issuance of such Variable Funding Note pursuant to Section 2.044.01(b). 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000198,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000197,500,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000232,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 163,000,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00046,750,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver [ ]% Class A-1 Asset Backed Notes for original issue in an aggregate principal amount of $194,000,000[ ], [ ]% Class A-2 Asset Backed Notes for original issue in an aggregate principal amount of $305,780,000[ ], [ ]% Class A-3 Asset Backed Notes for original issue in an aggregate principal amount of $305,780,000, [ ] and [ ]% Class A-4 Asset Backed Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000[ ]. The aggregate principal amount amounts of [ ]% Class A-1 Asset Backed Notes, [ ]% Class A-2 Asset Backed Notes, [ ]% Class A-3 Notes, Asset Backed Notes and [ ]% Class A-4 Notes, Class B Notes and Class C Asset Backed Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. thereof. (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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its the Authorized OfficersOfficers of the Owner Trustee. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity the Issuer Order authenticate and deliver the Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000211,000,000, Class B Notes for original issue in an the aggregate principal amount of $27,870,000 41,000,000 and Class C Notes for original issue in an the aggregate principal amount of $13,930,00096,210. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 A Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06amounts. Each Note shall be dated the date of its authentication. The Class A Notes and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 250,000 and integral multiples of $1,000; provided, 1,000 thereafter. It is intended that the minimum amounts Class A Notes and Class B Notes be registered so as to participate in a book-entry system with the Clearing Agency as set forth herein. The Class A Notes and Class B Notes shall each be initially issued in the form of any Retained a single fully-registered note for Qualified Institutional Buyers and a single fully-registered note for Institutional Accredited Investors, if any, with a denomination in the aggregate equal to the original principal balance of such class of Notes. Upon initial issuance, the ownership of such Notes shall be subject to registered in the restrictions set forth Note Register in Section 2.04the name of Cede & Co., or any successor thereto, as nominee for the Clearing Agency. 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 signatoriesResponsible Officers, 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000_____________, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000_____________, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000_____________, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000_____________, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and _____________, Class C Notes for original issue in an aggregate principal amount of $13,930,000_____________ and Class D Notes in an aggregate principal amount of $_____________. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class C D Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.062.05. 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 10,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1 in Section 2.04excess 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that such individuals or any of them shall have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver Class A-1 Term Notes for original issue issuance in their Initial Class Note Balance or Notional Amount as of the Cut-Off Date and Variable Funding Notes for original issuance in an aggregate initial principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000zero. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time Variable Funding Balance may not exceed such respective amounts except as provided in Section 2.06$25,000,000.00. Each Note shall be dated the date of its authentication. The Notes other than the Class A-IO Notes shall be issuable as registered Notes in the minimum denomination initial Note Balances of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class A-IO Notes shall be subject issuable as registered Notes in minimum percentage interests of 5% and in integral multiples of 5% in excess thereof. Each Variable Funding Note shall be initially issued with a Variable Funding Balance of $0 or, if applicable, with a Variable Funding Balance in an amount equal to the restrictions set forth in sum of the Additional Balance Differential for the Collection Period relating to the Payment Date following the date of issuance of such Variable Funding Note pursuant to Section 2.044.01. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any Responsible Officer of its Authorized Officersthe Owner Trustee. The signature of any such Authorized Responsible Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Responsible Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 A-1A Notes for original issue in an aggregate principal amount of $194,000,000equal to the Initial Class A-1A Principal Balance, Class A-2 A-1A VFN Notes for original issue in an aggregate principal amount of $305,780,000equal to the Initial Class A-1A VFN Principal Balance, Class A-3 A-1B Notes for original issue in an aggregate principal amount of $305,780,000equal to the Initial Class A-1B Principal Balance, Class A-4 A-2A Notes for original issue in an aggregate principal amount of $79,150,000equal to the Initial Class A-2A Principal Balance, Class A-2B Notes for original issue in an aggregate amount equal to the Initial Class A-2B Principal Balance, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 NotesC Principal Balance, Class A-2 NotesD Notes for original issue in an aggregate amount equal to the Initial Class D Principal Balance, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C E Notes outstanding at any time may not exceed such respective amounts except as provided for original issue in Section 2.06an aggregate amount equal to the Initial Class E Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as in fully registered Notes form in the minimum denomination denominations of $1,000 250,000 and integral multiples of $1,000 in excess thereof; provided that one Note of each Class may be issued in an incremental denomination of less than $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver Class A-1 Notes for original issue in an aggregate initial principal amount of $194,000,000224,099,000. The Class A-1, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000A-2, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000A-3, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A-4, Class A-5, Class A-6, Class M-1, Class M-2 and Class B Notes for original issue in an aggregate shall have initial principal amount amounts of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of the Initial Class A-1 NotesNote Balance, Initial Class A-2 NotesNote Balance, Initial Class A-3 NotesNote Balance, Initial Class A-4 NotesNote Balance, Initial Class A-5 Note Balance, Initial Class A-6 Note Balance, Initial Class M-1 Note Balance, Initial Class M-2 Note Balance and Initial Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06Note Balance, respectively. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes, and the Notes shall be issuable in the minimum denomination denominations of $1,000 25,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04excess 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 the Floating Rate Notes and the U.S. Rule 144A Global Note Certificates for original issue in an aggregate principal amount of $194,000,0001,739,061,000, Class A-2 Notes and the London Paying Agent, which is hereby appointed as authenticating agent (an "Authenticating Agent"), shall upon Issuer order authenticate and deliver the Non-U.S. Global Note Certificates for original issue in an the aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000(euro)1,060,000,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding Outstanding at any time may not exceed such respective amounts amount except as provided in Section 2.062.5. On each Spread Determination Date, upon receipt of an Issuer Order, the Indenture Trustee shall deliver a revised Schedule A for the Reset Rate Notes to the Custodians. Each Note shall be dated the date of its authentication. The Floating Rate Class A Notes shall be issuable as registered Notes notes in the minimum denomination denominations of $1,000 10,000 and integral multiples additional increments of $1,000; provided, that the minimum amounts of any Retained . The Class B Notes shall be subject to the restrictions set forth issuable as registered notes in Section 2.04minimum denominations of $100,000 and additional increments of $1,000. 1. 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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 the Notes for original issue in an the Classes and initial aggregate principal amount of amounts as set in the table below. Class Initial Aggregate Principal Amount Class A-1 Notes $194,000,000, 700,000,000 Class A-2 A-2a Notes for original issue in an aggregate principal amount of $305,780,000, 515,050,000 Class A-3 A-2b Notes for original issue in an aggregate principal amount of $305,780,000, 574,834,000 Class A-3a Notes $388,858,000 Class A-3b Notes $776,000,000 Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 393,322,000 Class B Notes for original issue in an aggregate principal amount of $27,870,000 and 105,728,000 Class C Notes for original issue in an aggregate principal amount of $13,930,000. $ 70,486,000 The aggregate principal amount of Class A-1 Notes, Class A-2 A-2a Notes, Class A-3 A-2b Notes, Class A-3a Notes, Class A-3b Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding Outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. 2.6. (d) The Class A-1 Notes shall be issuable as registered Book-Entry Notes in the minimum denomination denominations of $100,000 and in integral multiples of $1,000 in excess thereof. The Class A-2a, Class A-2b, Class A-3a, Class A-3b, Class A-4, Class B Notes and Class C No▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇k-Entry Notes in minimum denominations of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its the Authorized OfficersOfficers of the Owner Trustee. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity the Issuer Order authenticate and deliver the Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 231,000,000 Class B Notes for original issue in an the aggregate principal amount of $27,870,000 68,000,000 and Class C Notes for original issue in an the aggregate principal amount of $13,930,000775,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 A Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06amounts. Each Note shall be dated the date of its authentication. The Class A Notes and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 250,000 and integral multiples of $1,000; provided, 1,000 thereafter. It is intended that the minimum amounts Class A Notes and Class B Notes be registered so as to participate in a book-entry system with the Clearing Agency as set forth herein. The Class A Notes and Class B Notes shall each be initially issued in the form of any Retained a single fully-registered note for Qualified Institutional Buyers and a single fully-registered note for Institutional Accredited Investors, if any, with a denomination in the aggregate equal to the original principal balance of such class of Notes. Upon initial issuance, the ownership of such Notes shall be subject to registered in the restrictions set forth Note Register in Section 2.04the name of Cede & Co., or any successor thereto, as nominee for the Clearing Agency. 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 signatoriesResponsible Officers, 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,00038,300,000 with respect to the Class A-1 Notes, $74,000,000 with respect to the Class A-2 Notes for original issue in an aggregate principal amount of Notes, $305,780,000, 69,000,000 with respect to the Class A-3 Notes for original issue in an aggregate principal amount of Notes, $305,780,000, 67,020,000 with respect to the Class A-4 Notes for original issue in an aggregate principal amount of Notes, $79,150,000, 17,190,000 with respect to the Class B Notes for original issue in an aggregate principal amount of and $27,870,000 and 9,490,000 with respect to the Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes Notes, as the case may be, outstanding at any time may not exceed such the respective amounts set forth above with respect to such Classes of Notes, except as otherwise provided in Section 2.06. 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; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.042.05. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000380,000,000, Class A-2 Notes for original issue in an the aggregate principal amount of $305,780,000427,000,000, Class A-3 Notes for original issue in an the aggregate principal amount of $305,780,000366,000,000, Class A-4 Notes for original issue in an the aggregate principal amount of $79,150,000, 282,000,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00045,000,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 shall be issuable as registered Notes in the minimum denomination of $100,000 and in integral multiples of $1,000 in excess thereof. The 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver 5.066% Class A-1 Asset Backed Notes for original issue in an aggregate principal amount of $194,000,00091,000,000, 5.43% Class A-2 Asset Backed Notes for original issue in an aggregate principal amount of $305,780,000110,000,000, 5.50% Class A-3 Asset Backed Notes for original issue in an aggregate principal amount of $305,780,000120,000,000, and 5.63% Class A-4 Asset Backed Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00090,980,000. The aggregate principal amount amounts of 5.066% Class A-1 Asset Backed Notes, 5.43% Class A-2 Asset Backed Notes, 5.50% Class A-3 Notes, Asset Backed Notes and 5.63% Class A-4 Notes, Class B Notes and Class C Asset Backed Notes outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. 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 denominations of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. thereof. (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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 the Floating Rate Notes and the U.S. Rule 144A Global Note Certificates for original issue in an aggregate principal amount of $194,000,0002,853,850,870, Class A-2 Notes and the London Paying Agent, which is hereby appointed as authenticating agent (the "Authenticating Agent"), shall upon Issuer order authenticate and deliver the Non-U.S. Global Note Certificates for original issue in an aggregate principal amount amounts of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 (pound)331,000,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000(euro)408,000,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding Outstanding at any time may not exceed such respective amounts amount except as provided in Section 2.062.5. On each Spread Determination Date, upon receipt of an Issuer Order, the Indenture Trustee shall deliver a revised Schedule A for the Reset Rate Notes to the Custodians. Each Note shall be dated the date of its authentication. The Floating Rate Class A Notes shall be issuable as registered Notes notes in the minimum denomination denominations of $1,000 10,000 and integral multiples additional increments of $1,000; provided, provided that one Class A-3 Note may be purchased in a different principal amount of not less than $10,000 to accommodate the minimum amounts initial principal amount of any Retained the Class A-3 Notes.. The Class B Notes shall be subject to the restrictions set forth issuable as registered notes in Section 2.04minimum denominations of $100,000 and additional increments of $1,000. 1. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00074,800,000 of Class A-1 Notes, (ii) $99,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $122,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $104,200,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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) Each Note shall be dated the date of its authentication, and shall be issuable as a registered Note in the minimum denomination of $1,000 and in integral multiples thereof (except, if applicable, for one Note representing a residual portion of each class which may be issued in a different denomination). (b) The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. . (c) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that such individuals or any of them have ceased to hold such offices office prior to the authentication and delivery of such Notes or did not hold such offices office at the date of such Notes. . (d) The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 to or upon the order of the Issuer, the Notes for original issue in an aggregate principal amount of $194,000,000500,000,000, comprised of (i) Class A-2 A-1 Notes for original issue in an the aggregate principal amount of $305,780,00085,000,000, (ii) Class A-3 A-2 Notes for original issue in an the aggregate principal amount of $305,780,000175,000,000, (iii) Class A-4 A-3 Notes for original issue in an the aggregate principal amount of $79,150,000113,000,000, (iv) Class B A-4 Notes for original issue in an the aggregate principal amount of $27,870,000 108,250,000, and (v) Class C B Notes for original issue in an the aggregate principal amount of $13,930,00018,750,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C all Notes outstanding at any time may not exceed such respective amounts $500,000,000 except as provided in Section 2.06. Each Note shall be dated the date of its authentication. The 2.5. (e) No Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04. 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 set forth, in the case of the Class A-1 Notes, in Exhibit B, and in the case of the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes and the Class B Notes, in Exhibit C, 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00080,000,000 of Class A-1 Notes, (ii) $100,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $100,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $120,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver for original issue the Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, equal to the Initial Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A Principal Balance, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 NotesC Principal Balance, Class A-2 Notes, D Notes for original issue in an aggregate amount equal to the Initial Class A-3 Notes, D Principal Balance and the Class A-4 Notes, E Note for original issue in an aggregate amount equal to the Initial Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06E Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 500,000 and in integral multiples of $1,000100,000 in excess thereof; provided, however, that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver for original issue (i) Class A-1 Notes for original issue in an aggregate principal amount Aggregate Principal Amount of $194,000,000197,000,000, (ii) Class A-2 A-2A Fixed Rate Notes for original issue in an aggregate principal amount Aggregate Principal Amount of $305,780,000105,000,000, (iii) Class A-2B Floating Rate Notes in an Aggregate Principal Amount of $47,000,000, (iv) Class A-3 Notes for original issue in an aggregate principal amount Aggregate Principal Amount of $305,780,000199,035,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, (v) Class B Notes for original issue in an aggregate principal amount Aggregate Principal Amount of $27,870,000 and 18,676,000, (vi) Class C Notes for original issue in an aggregate principal amount Aggregate Principal Amount of $13,930,00026,636,000, and (vii) Class D Notes in an Aggregate Principal Amount of $18,982,039. The aggregate principal amount Aggregate Principal Amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B such Classes of Notes and Class C Notes outstanding Outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.06. Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1.00 in Section 2.04excess 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 by the manual signature of one of its authorized signatoriesResponsible Officers, 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000402,000,000, Class A-2 Notes for original issue in an the aggregate principal amount of $305,780,000620,000,000, Class A-3 Notes for original issue in an the aggregate principal amount of $305,780,000680,000,000, Class A-4 Notes for original issue in an the aggregate principal amount of $79,150,000, 240,000,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00060,000,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 shall be issuable as registered Notes in the minimum denomination of $100,000 and in integral multiples of $1,000 in excess thereof. The 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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. The Notes Bonds shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes Bonds may be manual or facsimile. Notes Bonds bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes Bonds or did not hold such offices at the date of such NotesBonds. The Indenture Trustee shall upon receipt of an Issuing Entity Order Issuer Request authenticate and deliver the Class A-1 Notes A-1, Class M-1 and Class M-2 Bonds for original issue in an aggregate initial principal amount of $194,000,000, 199,000,000. The Class A-2 Notes for original issue A-1 Bonds shall be issued in an aggregate initial principal amount of $305,780,000181,000,000, the Class A-3 Notes for original issue M-1 Bonds shall be issued in an aggregate initial principal amount of $305,780,000, 10,000,000 and the Class A-4 Notes for original issue M-2 Bonds shall be issued in an aggregate initial principal amount of $79,150,000, 8,000,000. The Class B Notes for original issue A-IO Bonds shall be issued in an aggregate principal initial notional amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.0620,000,000. Each Note of the Bonds shall be dated the date of its authentication. The Notes Bonds shall be issuable as registered Notes Bonds and the Bonds shall be issuable in the minimum denomination initial Bond Principal Balances or Notional Amounts of $1,000 25,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1 in Section 2.04excess thereof. No Note Bond shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note Bond 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 Bond shall be conclusive evidence, and the only evidence, that such Note Bond has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000[ ], Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000[ ], Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000[ ], Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, [ ]and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000[ ]. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and in integral multiples of $1,000thereof[; provided, that the minimum amounts of any Retained the Class [ ] Notes shall be subject to the restrictions set forth in Section 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000337,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000499,000,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000451,000,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000151,080,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 28,790,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00044,360,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, the Class B Notes and the Class C 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 Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 and in integral multiples of $1,000 in excess thereof (except for one Note of each class which may be issued in a denomination other than an integral multiple of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04). 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00072,000,000 of Class A-1 Notes, (ii) $132,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $107,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount and (iv) $93,200,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. 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 in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, and Class B Notes for original issue in an aggregate principal amount of $27,870,000 _____________ and $____________, respectively. The Class A Note Balance and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding Note Balance at any time may not exceed such respective amounts except as provided in Section 2.06amounts. 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 in integral multiples of $1,0001,000 in excess thereof; provided, however, that one Note of each Class may be issued in an additional amount equal to any remaining portion of the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04original Note Balance for such Class. 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 of authentication 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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer 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 Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. . (c) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 the Notes for original issue in an the Classes and initial aggregate principal amount of amounts as set in the table below. Class Initial Aggregate Principal Amount Class A-1 Notes $194,000,000, 572,600,000 Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, 842,000,000 Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, 970,000,000 Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, 191,710,000 Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. $ 81,419,000 The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Notes and Class B Notes and Class C Notes outstanding Outstanding at any time may not exceed such those respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. 2.6. (d) The Class A-1 Notes shall be issuable as registered Book-Entry Notes in the minimum denomination denominations of $100,000 and in integral multiples of $1,000 in excess thereof. The Class A-2, Class A-3, Class A-4 and Class B Notes shall be issuable as Book-Entry Notes in minimum denominations of $1,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (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 Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at on the date of such Notes. . (b) The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount amounts of Notes: (i) $194,000,000232,000,000 of Class A-1 Notes, (ii) $175,000,000 of Class A-2 A-2a Notes, (iii) $139,000,000 of Class A-2b Notes, (iv) $183,000,000 of Class A-3a Notes, (v) $100,000,000 of Class A-3b Notes, (vi) $75,000,000 of Class A-4a Notes, (vii) $165,750,000 of Class A-4b Notes for original issue in an aggregate principal amount and (viii) $30,250,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Notes and Class B Notes and Class C Notes outstanding Outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. . (c) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination denominations of $1,000 2,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth 1,000 in Section 2.04. excess thereof. (d) 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Responsible Officers. The signature of any such Authorized Responsible Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Responsible Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000equal to the Initial Class A-1 Principal Balance, Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, equal to the Maximum Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A-2 Commitments, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 NotesC Principal Balance, Class A-2 NotesD Notes for original issue in an aggregate amount equal to the Initial Class D Principal Balance, Class A-3 Notes, E Notes for original issue in an aggregate amount equal to the Initial Class A-4 Notes, E Principal Balance and a Class B Notes and F Note for original issue in an aggregate amount equal to the Initial Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06F Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination initial denominations of $1,000 500,000 and in integral multiples of $1,0001,000 in excess thereof; provided, however, that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 Notes for original issue in an aggregate principal amount of $194,000,000312,000,000, Class A-2 Notes for original issue in an the aggregate principal amount of $305,780,000450,000,000, Class A-3 Notes for original issue in an the aggregate principal amount of $305,780,000570,000,000, Class A-4 Notes for original issue in an the aggregate principal amount of $79,150,000, 134,700,000 and Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,00045,300,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C B 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 shall be issuable as registered Notes in the minimum denomination of $100,000 and in integral multiples of $1,000 in excess thereof. The 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 in integral multiples of $1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.04thereof. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00092,000,000 of Class A-1 Notes, (ii) $92,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $155,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $111,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity shall bind the Issuing Entity, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Order Request authenticate and deliver the Class A-1 A Notes for original issue in an aggregate initial principal amount of $194,000,000184,389,000. The Class A-1 Notes shall be issued in an aggregate initial Note Balance of $91,889,000, and the Class A-2 Notes for original issue shall be issued in an aggregate principal amount initial Note Balance of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.0695,500,000. Each Note of the Notes shall be dated the date of its authentication. The Class A-1 Notes shall be issuable as registered Notes and the Notes shall be issuable in the minimum denomination initial Note Balances of $1,000 100,000 and in integral multiples of $1,000; provided, that the minimum amounts of any Retained 1 in excess thereof. The Class A-2 Notes shall be subject to issuable as registered Notes and the restrictions set forth Notes shall be issuable in Section 2.04the minimum initial Note Balances of $25,000 and in integral multiples of $25,000 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 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00093,000,000 of Class A-1 Notes, (ii) $132,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $106,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $119,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any of its Authorized Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall upon receipt of an Issuing Entity Issuer Order authenticate and deliver Class A-1 A Notes for original issue in an aggregate principal amount of $194,000,000, equal to the Initial Class A-2 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000A Principal Balance, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and equal to the Initial Class B Principal Balance, the Class C Notes for original issue in an aggregate principal amount of $13,930,000. The aggregate principal amount of equal to the Initial Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes C Principal Balance and Class C D Notes outstanding at any time may not exceed such respective amounts except as provided for original issue in Section 2.06an aggregate amount equal to the Initial Class D Principal Balance. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination initial denominations of $1,000 1,000,000 and in integral multiples of $1,0001,000 in excess thereof; provided, however, that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,000181,000,000 of Class A-1 Notes, (ii) $193,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $177,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $149,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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. The Notes shall be executed on behalf of the Issuing Entity Issuer by any an Authorized Officer of its Authorized Officersthe Owner Trustee, as provided in the Trust Agreement. The signature of any such Authorized Officer on the Notes may be manual or facsimile. Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuing Entity Issuer shall bind the Issuing EntityIssuer, notwithstanding 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 at the date of such Notes. The Indenture Trustee shall shall, upon receipt of an Issuing Entity Order Issuer Order, authenticate and deliver Class A-1 Notes for original issue in an the following aggregate principal amount of Notes: (i) $194,000,00075,000,000 of Class A-1 Notes, (ii) $100,000,000 of Class A-2 Notes for original issue in an aggregate principal amount Notes, (iii) $125,000,000 of $305,780,000, Class A-3 Notes for original issue in an aggregate principal amount Notes, and (iv) $100,000,000 of $305,780,000, Class A-4 Notes for original issue in an aggregate principal amount of $79,150,000, Class B Notes for original issue in an aggregate principal amount of $27,870,000 and Class C Notes for original issue in an aggregate principal amount of $13,930,000Notes. The aggregate principal amount of Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes and Class C A-4 Notes outstanding at any time may not exceed such respective amounts amounts, except as otherwise provided in Section 2.062.05. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in the minimum denomination of $1,000 and in integral multiples of $1,000; provided1,000 in excess thereof, except that the minimum amounts one Note of any Retained Notes shall each Class may be subject to the restrictions set forth issued in Section 2.04a different denomination. 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 in the forms of Notes attached as exhibits to this Indenture 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.