Common use of Payment of Series Clause in Contracts

Payment of Series. 2024-1 Quarterly Post-ARD Additional Interest. Any Series 2024-1 Quarterly Post-ARD Additional Interest shall be due and payable on any applicable Quarterly Payment Date as and when amounts are made available for payment thereof (A) on any related Weekly Allocation Date in accordance with the Priority of Payments and (B) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. The failure to pay any Series 2024-1 Quarterly Post-ARD Additional Interest in excess of available amounts in accordance with the foregoing (including on the Series 2024-1 Legal Final Maturity Date) shall not be an Event of Default and interest shall not accrue on any unpaid portion thereof; provided that in any event all accrued but unpaid Series 2024-1 Quarterly Post-ARD Additional Interest shall be due and payable in full on the Series 2024-1 Legal Final Maturity Date, on any Series 2024-1 Prepayment Date with respect to a prepayment in full of the Series 2024-1 Class A-2 Notes or on any other day on which all of the Series 2024-1 Outstanding Principal Amount is required to be paid in full.

Payment of Series. 20242022-1 Quarterly Post-ARD Additional Interest. Any Series 20242022-1 Quarterly Post-ARD Additional Interest shall be due and payable on any applicable Quarterly Payment Date as and when amounts are made available for payment thereof (A) on any related Weekly Allocation Date in accordance with the Priority of Payments and (B) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, in the amount so available. The failure to pay any Series 20242022-1 Quarterly Post-ARD Additional Interest in excess of available amounts in accordance with the foregoing (including on the Series 20242022-1 Legal Final Maturity Date) shall not be an Event of Default and interest shall not accrue on any unpaid portion thereof; provided that in any event all accrued but unpaid Series 20242022-1 Quarterly Post-ARD Additional Interest shall be due and payable in full on the Series 20242022-1 Legal Final Maturity Date, on any Series 20242022-1 Prepayment Date with respect to a prepayment in full of the Series 20242022-1 Class A-2 Notes or on any other day on which all of the Series 20242022-1 Outstanding Principal Amount is required to be paid in full.