Post-ARD Contingent Interest. From and after the Series 2019-1 Anticipated Repayment Date, until the Series 2019-1 Class A-2 Outstanding Principal Amount has been paid in full, additional interest (“Series 2019-1 Class A-2 Quarterly Post-ARD Contingent Interest”) shall accrue at a per annum rate (equal to the rate determined by the Servicer to be the greater of (A) 5.00% per annum and (B) a rate equal to the amount, if any, by which (a) the sum of (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the Series 2019-1 Anticipated Repayment Date of the United States Treasury Security having a term closest to ten (10) years, plus (y) 5.00%, plus (z) 2.25%, exceeds (b) the Series 2019-1 Class A-2 Note Rate. In addition, regular interest shall continue to accrue at the Offered Notes Rate from and after the Series 2019-1 Anticipated Repayment Date. All computations of Series 2019-1 Class A-2 Quarterly Post-ARD Contingent Interest shall be made on the basis of a 360-day year of twelve 30-day months.
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Post-ARD Contingent Interest. From and after the Series 20192022-1 Anticipated Repayment Date, Date until the Series 20192022-1 Class A-2 Outstanding Principal Amount has been paid in full, additional interest (“Series 20192022-1 Class A-2 Quarterly Post-ARD Contingent Interest”) shall accrue at a per annum rate (equal to the rate determined by the Servicer Manager to be the greater of (A) 5.00% per annum and (B) a rate equal to the amount, if any, by which (a) the sum of (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the Series 20192022-1 Anticipated Repayment Date of the United States Treasury Security having a term closest to ten (10) years, plus (y) 5.00%, plus (z) 2.25%, 3.87% exceeds (b) the Series 20192022-1 Class A-2 Note Rate. In addition, regular interest shall continue to accrue on the Series 2022-1 Class A-2 Notes at the Offered Notes Series 2022-1 Class A-2 Note Rate from and after the Series 20192022-1 Anticipated Repayment Date. All computations of Series 20192022-1 Class A-2 Quarterly Post-ARD Contingent Interest shall be made on the basis of a 360-day year of twelve 30-day months.
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