Series 2022-1 Class A-2 Notes Interest Sample Clauses

Series 2022-1 Class A-2 Notes Interest. (a) Series 2022-1 Class A‑2 Notes Interest. From the Series 2022-1 Closing Date until the Series 2022-1 Legal Final Maturity Date (or, if earlier, the date on which the Series 2022-1 Class A‑2 Outstanding Principal Amount with respect to a Tranche has been paid in full), the Series 2022-1 Class A‑2 Outstanding Principal Amount with respect to such Tranche (after giving effect to all payments of principal made to Series 2022-1 Class A-2 Noteholders as of the first day of each Interest Accrual Period, or if such day is not a Quarterly Payment Date, as of the following Quarterly Payment Date, and also giving effect to repurchases and cancellations of Series 2022-1 Class A‑2 Notes during such Interest Accrual Period) shall accrue interest at the Series 2022-1 Class A‑2 Note Rate for such Tranche. Such accrued interest shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.13 of the Base Indenture, commencing on May 25, 2022; provided that in any event all accrued but unpaid interest on the Series 2022-1 Class A-2 Outstanding Principal Amount shall be due and payable in full on the Series 2022-1 Class A-2 Legal Final Maturity Date, on any Series 2022-1 Class A-2 Prepayment Date with respect to a prepayment in full of such Tranche or on any other day on which all of the Series 2022-1 Class A‑2 Outstanding Principal Amount of such Tranche is required to be paid in full. To the extent any interest accruing at the Series 2022-1 Class A‑2 Note Rate for any Tranche is not paid on a Quarterly Payment Date when due, such unpaid interest (net of all Debt Service Advances with respect thereto, a “Class A‑2 Quarterly Interest Shortfall Amount”) shall accrue interest at the Series 2022-1 Class A‑2 Note Rate for such Tranche. All computations of interest at the Series 2022-1 Class A‑2 Note Rate shall be made on the basis of a year of 360 days and twelve 30‑day months.
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