Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, Noteholders of any Series, create and issue additional Series 20__-_ Notes of the same Class as any Class issued on the Closing Date. Any such additional Series 20__-_ Notes will form part of and have the same Principal Terms as such previously issued Class, except for (i) the initial principal amount of such Class, the Initial Invested Amount and the initial Note Balance of such Class on the Closing Date, (ii) the accrual and payment of interest prior to the issuance date of such additional Series 20__-_ Notes, and (iii) the first payment of interest following the issuance of such additional Series 20__-_ Notes. When issued, such additional Series 20__-_ Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applicable to those Series 20__-_ Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20__-_ Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate such additional issuance will be subject to the satisfaction of the following conditions:
(a) on or before the second Business Day preceding the issuance of such additional Series 20__-_ Notes, the Issuer has given the Indenture Trustee and each Rating Agency notice of such additional issuance and the date of such additional issuance;
(b) the Issuer has delivered to the Indenture Trustee any amendments to this Indenture Supplement required to facilitate such additional issuance, in form reasonably satisfactory to the Indenture Trustee executed by the Issuer;
(c) the Rating Agency Condition has been satisfied with respect to such additional issuance;
(d) each Depositor has delivered to the Indenture Trustee an Officer’s Certificate, dated the date of such additional issuance, stating that:
(i) such additional issuance will not have an Adverse Effect or cause an Amortization Event to occur with respect to any Series; and
(ii) all conditions precedent under this Section 2.2 to the issuance of such additional Series 20__-_ Notes have been complied with;
(e) on or before the additional issuance date for any Class (treating the Class A-1 Notes and the Class A-2 Notes as a single Class), the Issuer will have issued Notes of each Class that is junior to such Class such that the proportion of the Note Princip...
Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 2020-2 Notes of the same Class as any Class issued on the Closing Date. Additional Series 2020-2 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2020-2 Notes and (iii) the first payment of interest following the issuance of the additional Series 2020-2 Notes. When issued, the additional Series 2020-2 Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 2020-2 Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 2020-2 Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:
Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 2016-1 Notes of the same Class as any Class issued on the Closing Date. Additional Series 2016-1 Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 2016-1 Notes, and (iii) the first payment of interest following the issuance of the additional Series 2016-1
Additional Issuance; Reopening. The Issuer may from time to time, without notice to, or the consent of, the Noteholders of any Series, create and issue additional Series 20__-__ Notes of the same Class as any Class issued on the Closing Date. Additional Series 20__-__ Notes will form part of and have the same Principal Terms as the previously issued Class, except for (i) the initial principal amount of that Class, the Initial Invested Amount and the initial Note Balance of that Class on the Closing Date, (ii) the accrual and payment of interest before the issuance date of the additional Series 20__-__ Notes, and (iii) the first payment of interest following the issuance of the additional Series 20__-__ Notes. When issued, the additional Series 20__-__ Notes will be equally and ratably entitled to the benefits of the Indenture and this Indenture Supplement applying to those Series 20__-__ Notes of the same Class issued on the Closing Date without preference, priority or distinction. The obligation of the Indenture Trustee to authenticate and deliver additional Series 20__-__ Notes after the Closing Date and to execute and deliver any amendments to this Indenture Supplement to facilitate the additional issuance will be subject to the satisfaction of the following conditions:
