Common use of Notices of Final Payment Clause in Contracts

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 2025-1 Prepayment Date that will be the Series 2025-1 Final Payment Date for a Subclass; provided, however, that with respect to any Series 2025-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2025-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 2025-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j) to each Person in whose name a Series 2025-1 Senior Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 2025-1 Prepayment Date that will be the Series 2025-1 Final Payment Date. Such written notice to be sent to the Series 2025-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 2025-1 Final Payment will be made and shall specify that such Series 2025-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the Series 2025-1 Senior Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, and shall specify the place where the Series 2025-1 Senior Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 2025-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to of the BackSeries 2019-Up Manager) 1 Final Payment Date of a Tranche on or before the Prepayment Record Date preceding the such Series 20252019-1 Prepayment Date that will be the Series 2025-1 Final Payment Date for a SubclassDate; provided, however, that with respect to any Series 20252019-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252019-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 2025-1 Supplement3.6(g). The Trustee shall provide any written notice required under this Section 3.06(j3.6(k) to each Person in whose name a such Tranche of Series 20252019-1 Senior Note for such Subclass Notes is registered at the close of business on such Prepayment Record Date of the Series 20252019-1 Prepayment Date that will be the Series 20252019-1 Final Payment DateDate for such Tranche. Such written notice to be sent to the Series 20252019-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252019-1 Final Payment will be made and shall specify that such Series 20252019-1 Final Payment shall will be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the related Tranche of Series 20252019-1 Senior Notes of such SubclassNotes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) Trustee and their respective affiliates, and shall specify the place where the related Tranche of Series 20252019-1 Senior Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252019-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 20252019-1 Prepayment Date that will be the Series 20252019-1 Final Payment Date for a SubclassDate; provided, however, that with respect to any Series 20252019-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252019-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 2025-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j3.06(k) to each Person in whose name a Series 20252019-1 Senior Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 20252019-1 Prepayment Date that will be the Series 20252019-1 Final Payment Date. Such written notice to be sent to the Series 20252019-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252019-1 Final Payment will be made and shall specify that such Series 20252019-1 Final Payment shall will be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the Series 20252019-1 Senior Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, and shall specify the place where the Series 20252019-1 Senior Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252019-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 20252022-1 Prepayment Date that will shall be the Series 20252022-1 Final Payment Date for a SubclassDate; provided, however, that with respect to any Series 20252022-1 Final Payment that is made in connection with any mandatory prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2022-1 Final Payment, and in the case of any optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252022-1 Final Payment beyond the notice required to be given in connection with such optional prepayment pursuant to Section 3.06(g3.6(g) of this Series 2025-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j3.6(l) to each Person in whose name a Series 20252022-1 Senior Class Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 20252022-1 Prepayment Date that will shall be the Series 20252022-1 Final Payment Date. Such written notice to be sent to the Series 20252022-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252022-1 Final Payment will shall be made and shall specify that such Series 20252022-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, deregistration in the case of Uncertificated Notes) of the Series 20252022-1 Senior Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, and shall specify the place where the Series 20252022-1 Senior Notes of such Subclass (other than any Uncertificated Notes) may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252022-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with a copy to the Back-Up Manager) of the Series 2025-1 Final Payment Date on or before the Prepayment Record Date preceding the Series 2025-1 Prepayment Date that will be the such Series 2025-1 Final Payment Date for a Subclassand such notice shall include the amount to be distributed to each Class of Series 2025-1 Notes in respect of principal and interest and, if any Class of Series 2025-1 Notes are not Book-entry Notes, the portion of such distributions to be made to each Noteholder of such Class of Notes; provided, however, provided that with respect to any Series 2025-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2025-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 2025-1 Supplement3.6(g). The Trustee shall provide any written notice required under this Section 3.06(j3.6(k) to each Person in whose name a such Series 2025-1 Senior Note for such Subclass Notes is registered at the close of business on such Prepayment Record Date of the Series 2025-1 Prepayment Date date that will be the Series 2025-1 Final Payment Date. Such written notice to be sent to the Series 2025-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed sent by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 2025-1 Final Payment will be made and shall specify that such Series 2025-1 Final Payment shall will be payable only upon presentation and surrender (or deregistration, other than in the case of Uncertificated Notes) of the Series 2025-1 Senior Notes of such SubclassNotes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) Trustee and their respective affiliates, and shall specify the place where the Series 2025-1 Senior Notes of such Subclass (other than any Uncertificated Notes) may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 2025-1 Final Payment. If a Quarterly Payment Date occurs on or prior to the Series 2025-1 Final Payment and the Series 2025-1 Notes (other than the Uncertificated Notes) have not been surrendered, no payments shall be made to the holders of such Notes on such Quarterly Payment Date and the final payment shall be made only upon surrender. The Trustee shall deregister a Class of Uncertificated Notes upon distribution of the Series 2025-1 Final Payment with respect to such Class of Notes.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 20252024-1 Prepayment Date that will shall be the Series 20252024-1 Final Payment Date for a SubclassDate; provided, however, that with respect to any Series 20252024-1 Final Payment that is made in connection with any mandatory prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2024-1 Final Payment, and in the case of any optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252024-1 Final Payment beyond the notice required to be given in connection with such optional prepayment pursuant to Section 3.06(g3.6(g) of this Series 2025-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j3.6(l) to each Person in whose name a Series 20252024-1 Senior Class Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 20252024-1 Prepayment Date that will shall be the Series 20252024-1 Final Payment Date. Such written notice to be sent to the Series 20252024-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed sent by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252024-1 Final Payment will shall be made and shall specify that such Series 20252024-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, deregistration in the case of Uncertificated Notes) of the Series 20252024-1 Senior Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, and shall specify the place where the Series 20252024-1 Senior Notes of such Subclass (other than any Uncertificated Notes) may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252024-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 20252021-1 Prepayment Date that will shall be the Series 20252021-1 Final Payment Date for a SubclassDate; provided, however, that with respect to any Series 20252021-1 Final Payment that is made in connection with any mandatory prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2021-1 Final Payment, and in the case of any optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252021-1 Final Payment beyond the notice required to be given in connection with such optional prepayment pursuant to Section 3.06(g3.6(g) of this Series 2025-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j3.6(l) to each Person in whose name a Series 20252021-1 Senior Class A-2 Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 20252021-1 Prepayment Date that will shall be the Series 20252021-1 Final Payment Date. Such written notice to be sent to the Series 20252021-1 Class A-2 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252021-1 Final Payment will shall be made and shall specify that such Series 20252021-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the Series 20252021-1 Senior Class A-2 Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, and shall specify the place where the Series 20252021-1 Senior Class A-2 Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252021-1 Final Payment.

Notices of Final Payment. The Co-Issuers shall notify the Trustee, the Servicer and each of the Rating Agencies (with copy to the Back-Up Manager) on or before the Prepayment Record Date preceding the Series 20252021-1 Prepayment Date that will be the Series 20252021-1 Final Payment Date for a Subclass; provided, however, that with respect to any Series 20252021-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 20252021-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.06(g) of this Series 20252021-1 Supplement. The Trustee shall provide any written notice required under this Section 3.06(j3.06(k) to each Person in whose name a Series 20252021-1 Senior Note for such Subclass is registered at the close of business on such Prepayment Record Date of the Series 20252021-1 Prepayment Date that will be the Series 20252021-1 Final Payment Date. Such written notice to be sent to the Series 20252021-1 Noteholders of such Subclass shall be made at the expense of the Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Co-Issuers indicating that the Series 20252021-1 Final Payment will be made and shall specify that such Series 20252021-1 Final Payment shall be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the Series 20252021-1 Senior Notes of such Subclass, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Back-Up Manager, the Trustee, the Servicer (including in its capacity as Control Party) and their respective affiliates, Subclass and shall specify the place where the Series 20252021-1 Senior Notes of such Subclass may be presented and surrendered (or deregistered, in the case of Uncertificated Notes) for such Series 20252021-1 Final Payment.