Common use of ACCEPTANCE OF APPOINTMENT Clause in Contracts

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the Indenture Trustee, the Issuer and the Administrator. The Issuer will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Secured Parties of its succession and the Issuer or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer and the Administrator. The Issuer will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Secured Parties of its succession and the Issuer or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series [_]-[_] Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2024-3 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-3 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2023-5 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2024-4 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2021-2 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-1 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2023-2 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2023-1 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-4 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2021-1 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2023-7 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-7 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-2 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2023-4 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2024-1 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-6 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.

ACCEPTANCE OF APPOINTMENT. No resignation or removal of the Indenture Trustee will become effective until the acceptance of appointment by the successor Indenture Trustee under this Section 6.8. Any successor Indenture Trustee will deliver a written acceptance of its appointment to the outgoing Indenture Trustee, the Issuer Trust and the Administrator. The Issuer Trust will continue to pay amounts owed to the predecessor Indenture Trustee for the period it was Indenture Trustee according to Sections 6.7 and 8.2. The successor Indenture Trustee will notify the Series 2022-5 Secured Parties of its succession and the Issuer Trust or Administrator will deliver a copy of the notice to the Rating Agencies.