Payment of Series 2025-1 Note Principal Clause Samples

Payment of Series 2025-1 Note Principal. (a) Series 2025-1 Senior Notes Principal Payment at Legal Maturity. The Series 2025- 1 Outstanding Principal Amount shall be due and payable on the Series 2025-1 Legal Final Maturity Date. The Series 2025-1 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.06 and, in respect of the Series 2025-1 Class A-1 Outstanding Principal Amount, Section 2.02 of this Series 2025-1 Supplement. (b) Series 2025-1 Anticipated Repayment. The Series 2025-1 Final Payment is anticipated to occur (i) with respect to the Series 2025-1 Class A-1 Notes, on or before the Series 2025-1 Class A-1 Senior Notes Renewal Date, (ii) with respect to the Series 2025-1 Class A-2-I Notes, on or before the Quarterly Payment Date occurring in July 2030 and (iii) with respect to the Series 2025-1 Class A-2-II Notes, on or before the Quarterly Payment Date occurring in July 2032 (each such Quarterly Payment Date, the “Series 2025-1 Anticipated Repayment Date” with respect to such Subclass). The initial Series 2025-1 Class A-1 Senior Notes Renewal Date will be the Quarterly Payment Date occurring in July 2030, unless extended as provided below in this Section 3.06(b).
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Related to Payment of Series 2025-1 Note Principal

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and

  • NOW, THEREFORE the parties hereto agree as follows: