Common use of Notes Scheduled Principal Payment Amounts Clause in Contracts

Notes Scheduled Principal Payment Amounts. Series 2025-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 2025-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2026 and prior to the Series 2025-1 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 2025-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to a Tranche of the Series 2025-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, that Series 2025-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 2025-1 Class A-2 Notes shall be due and payable on a Quarterly Payment Date only if the Series 2025-1 Non-Amortization Test is not satisfied with respect to such Quarterly Payment Date; provided, further, that to the extent the Series 2025-1 Non-Amortization Test is satisfied for such Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of the Trustee and the Servicer on or prior to the third Business Day prior to such Quarterly Payment Date, prior to the Series 2025-1 Anticipated Repayment Date, make a Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 2025-1 Class A-2 Notes without requiring a Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect to each Tranche of the Series 2025-1 Class A-2 Notes on a pro rata basis.

Notes Scheduled Principal Payment Amounts. Series 20252022-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 2025-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2026 December 2022 and prior to the Series 20252022-1 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so made available, and failure to pay any Series 20252022-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to a Tranche of the Series 2025-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, provided that Series 20252022-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 2025-1 Class A-2 Notes shall only be due and payable on a Quarterly Payment Date only if the Series 20252022-1 Class A-2 Non-Amortization Test is not satisfied with respect to for such Quarterly Payment Date (as measured on the related Series 2022-1 Non-Amortization Test Date); provided, further, that to the extent if the Series 20252022-1 Class A-2 Non-Amortization Test is satisfied as of the related Series 2022-1 Non-Amortization Test is satisfied Date for such a Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of option, exercised on the Trustee and the Servicer on or prior to the third Business Day prior Quarterly Calculation Date with respect to such Quarterly Payment Date, prior to the Series 20252022-1 Anticipated Repayment Date, make a pay all or any part of such Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 20252022-1 Class A-2 Notes without requiring a Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect Amounts on such Quarterly Payment Date in an amount not to each Tranche of exceed the Series 20252022-1 Class A-2 Notes Scheduled Principal Payment Amount that would otherwise be due on a pro rata basissuch Quarterly Payment Date if the Series 2022-1 Class A-2 Non-Amortization Test was not satisfied. There will be no scheduled payment of principal of the Series 2022-1 Class A-2 Notes (and therefore the Series 2022-1 Class A-2 Non-Amortization Test will not be applicable) on the Initial Quarterly Payment Date.

Notes Scheduled Principal Payment Amounts. Series 20252021-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 20252021-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2026 2022 and prior to the Series 20252021-1 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available, and failure to pay any Series 20252021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to a such Tranche of the Series 20252021-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, that Series 20252021-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 20252021-1 Class A-2 Notes shall be due and payable on a Quarterly Payment Date only if the Series 20252021-1 Non-Amortization Test is not satisfied with respect to such Quarterly Payment Date; provided, further, that to the extent the Series 20252021-1 Non-Amortization Test is satisfied for such Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of the Trustee and the Servicer on or prior to the third Business Day prior to such Quarterly Payment Date, prior to the Series 20252021-1 Anticipated Repayment Date, make a Series 20252021-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 20252021-1 Class A-2 Notes without requiring a Series 20252021-1 Class A-2 Optional Scheduled Principal Payment with respect to each Tranche of the Series 20252021-1 Class A-2 Notes on a pro rata basis.

Notes Scheduled Principal Payment Amounts. Series 20252024-1 Class A-2 Notes Scheduled Principal Payment Amounts will be due and payable with respect to each Tranche of Series 2025-1 Class A-2 Notes in accordance with the definition thereof on any applicable Quarterly Payment Date, commencing on the Quarterly Payment Date occurring in February 2026 March 2025 and prior to the Series 20252024-1 Class A-2 Anticipated Repayment Date, as and when amounts are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments, subject to the terms set forth in the Base Indenture; and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so made available, and failure to pay any Series 20252024-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to a Tranche of the Series 2025-1 Class A-2 Notes in excess of available amounts in accordance with the foregoing will not be an Event of Default; provided, provided that Series 20252024-1 Class A-2 Notes Scheduled Principal Payment Amounts with respect to such Tranche of Series 2025-1 Class A-2 Notes shall only be due and payable on a Quarterly Payment Date only if the Series 20252024-1 Class A-2 Non-Amortization Test is not satisfied with respect to for such Quarterly Payment Date (as measured on the related Series 2024-1 Non-Amortization Test Date); provided, further, that to the extent if the Series 20252024-1 Class A-2 Non-Amortization Test is satisfied as of the related Series 2024-1 Non-Amortization Test is satisfied Date for such a Quarterly Payment Date, the Issuer may, solely at its election upon written notice to each of option, exercised on the Trustee and the Servicer on or prior to the third Business Day prior Quarterly Calculation Date with respect to such Quarterly Payment Date, prior to the Series 20252024-1 Class A-2 Anticipated Repayment Date, make a pay all or any part of such Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect to such Tranche of Series 20252024-1 Class A-2 Notes without requiring a Series 2025-1 Class A-2 Optional Scheduled Principal Payment with respect Amounts on such Quarterly Payment Date in an amount not to each Tranche of exceed the Series 20252024-1 Class A-2 Notes Scheduled Principal Payment Amount that would otherwise be due on a pro rata basissuch Quarterly Payment Date if the Series 2024-1 Class A-2 Non-Amortization Test was not satisfied. There will be no scheduled payment of principal of the Series 2024-1 Class A-2 Notes (and therefore the Series 2024-1 Class A-2 Non-Amortization Test will not be applicable) on the Initial Quarterly Payment Date.