Common use of Second Extension Election Clause in Contracts

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 2024-1 First Extension Election has been made and become effective, the Managers (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in October 2030 to elect (the “Series 2024-1 Second Extension Election”) to extend the Series 2024-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in October 2031 by delivering written notice to each of the Series 2024-1 Class A-1 Administrative Agent, the Trustee and the Control Party to the effect that the conditions precedent to such Series 2024-1 Second Extension Election have been satisfied; provided that upon such extension, the Quarterly Payment Date occurring in October 2031 shall become the Series 2024-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 20242022-1 First Extension Election has been made and become effective, the Managers (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in October 2030 2028 to elect (the “Series 20242022-1 Second Extension Election”) to extend the Series 20242022-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in October 2031 2029 by delivering written notice to each of the Series 20242022-1 Class A-1 Administrative Agent, the Trustee and the Control Party to the effect that the conditions precedent to such Series 20242022-1 Second Extension Election have been satisfied; provided that upon such extension, the Quarterly Payment Date occurring in October 2031 2029 shall become the Series 20242022-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 20242017-1 First Extension Election has been made and become effective, the Managers Manager (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in October 2030 April 2023 to elect (the “Series 20242017-1 Second Extension Election”) to extend the Series 20242017-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in October 2031 April 2024 by delivering written notice to each of the Series 20242017-1 Class A-1 Administrative AgentAgents, the Trustee and the Control Party to the effect that the conditions precedent to such Series 20242017-1 Second Extension Election have been satisfied; provided that upon . Upon such extension, the Quarterly Payment Date occurring in October 2031 April 2024 shall become the Series 20242017-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 20242018-1 First Extension Election has been made and become effective, the Managers Manager (on behalf of the Co-IssuersIssuer) shall have the option on or before the Quarterly Payment Date occurring in October 2030 December 2022 to elect (the “Series 20242018-1 Second Extension Election”) to extend the Series 20242018-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in October 2031 December 2023 by delivering written notice to each of the Series 20242018-1 Class A-1 Administrative Agent, the Trustee and the Control Party to the effect that the conditions precedent to such Series 20242018-1 Second Extension Election have been satisfied; provided that upon . Upon such extension, the Quarterly Payment Date occurring in October 2031 December 2023 shall become the Series 20242018-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii)) of this Series Supplement, if the Series 20242014-1 First Extension Election has been made and become effective, the Managers (on behalf of the Co-Issuers) Manager shall have the option on or before the Quarterly Payment Date occurring in October 2030 September, 2020 to elect (the “Series 20242014-1 Second Extension Election”) to extend the Series 20242014-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in October 2031 September, 2021 by delivering written notice to each of the Series 2024-1 Class A-1 Administrative Agent, the Trustee and the Control Party no later than the Quarterly Payment Date occurring in September, 2020 to the effect that the conditions precedent to such Series 20242014-1 Second Extension Election have been satisfied; provided that upon such extension, the Quarterly Payment Date occurring in October 2031 September, 2021 shall become the Series 20242014-1 Class A-1 Notes Renewal Date.