Common use of Class R Notes Clause in Contracts

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2015-3 Collection Account pursuant to Section 3.5(a) and either (x) prior to the Series 2015-3 Rapid Amortization Period or (y) after the Class A Invested Amount has been paid in full and the Class B Invested Amount has been paid in full, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to Class R Noteholders from the Series 2015-3 Distribution Account the amount deposited therein pursuant to Section 3.5(a) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i) and Section 3.5(e)(ii), to the extent necessary to pay the Class R Controlled Distribution Amount with respect to Related Month during any Series 2015-3 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 2015-3 Rapid Amortization Period.

Class R Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20152010-3 6 Collection Account pursuant to Section 3.5(a) and either (x) prior to the Series 20152010-3 6 Rapid Amortization Period or (y) after the Class A Invested Amount has been paid in full and the Class B Invested Amount has been paid in full, the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to Class R Noteholders from the Series 20152010-3 6 Distribution Account the amount deposited therein pursuant to Section 3.5(a) less the aggregate amount applied to make payments required pursuant to Section 3.5(e)(i) and Section 3.5(e)(ii), to the extent necessary to pay the Class R Controlled Distribution Amount with respect to Related Month during any Series 20152010-3 6 Controlled Amortization Period or to the extent necessary to pay the Class R Invested Amount during the Series 20152010-3 6 Rapid Amortization Period.