Common use of Controlled Accumulation Period Clause in Contracts

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation first day of the third Monthly Period preceding the Expected Principal Payment Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMarch 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2015; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2013; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateNovember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2014; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateFebruary 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2013; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJanuary 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2016; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateFebruary 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2020, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the October 2019 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the October 2019 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to February 1, 2020, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the October 2019 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2025, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the January 2025 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the January 2025 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to May 1, 2025, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the January 2025 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2021, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the February 2021 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the February 2021 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to June 1, 2021, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the February 2021 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2015; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the September 2015 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the September 2015 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes and the reduction of the Principal Overcollateralization Amount Class C Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the September 2015 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2013; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the September 2013 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the September 2013 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes and the reduction of the Principal Overcollateralization Amount Class C Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the September 2013 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation first day of the [●] Monthly Period preceding the Expected Principal Payment Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2019; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2017; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust allocated to the Note Trust Certificate and on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust and the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains and the total amount of Principal Receivables (as defined in the Pooling and Servicing Agreement) in DFS Financing Trust remain constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the IssuerIssuer and no additional series of certificates (other than any series of certificates being issued on such date of determination) will be subsequently issued by the DFS Financing Trust. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateSeptember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2016; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateNovember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2018; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2020, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the February 2020 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the February 2020 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to June 1, 2020, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the February 2020 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateSeptember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2013; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateApril 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2009; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2018, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the June 2018 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the June 2018 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to October 1, 2018, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the June 2018 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateAugust 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2018, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2018 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2018 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to August 1, 2018, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2018 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2019, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the June 2019 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the June 2019 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to October 1, 2019, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the June 2019 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateAugust 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2017, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2017 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2017 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to August 1, 2017, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2017 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2014; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2020, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the June 2020 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the June 2020 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to October 1, 2020, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the June 2020 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateSeptember 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2020, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the May 2020 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the May 2020 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to September 1, 2020, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the May 2020 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMarch 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2011; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateSeptember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2014; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2019, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the January 2019 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the January 2019 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to May 1, 2019, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the January 2019 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (32) no Early Amortization Event with respect to any Series will subsequently occur and (43) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2006; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the September 2006 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Class A/B Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the September 2006 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Class A/B Expected Principal Payment Date is expected to equal or exceed the sum of the Class A Note Principal Balance plus and the Class B Note Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the September 2006 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation ------------------------------ Period is scheduled to commence at the beginning close of business on the Controlled Accumulation Date[_____ __, 20__]. On each Determination Date until the Controlled Accumulation DateHowever, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than 12 months, the date on which the Controlled Accumulation Period actually commences will be delayed to the first Business Day of the month that is the number of whole months in the scheduled Controlled Accumulation Period, upon written notice prior to the Indenture TrusteeExpected Principal Distribution Date at least equal to the Accumulation Period Length and, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Accumulation Period Length. On the Determination Date immediately preceding the [_____ ____] Distribution Date, and each Determination Date thereafter until the Controlled Accumulation Period Length; providedbegins, that the length of Servicer will determine the Controlled Accumulation Period will not be less than one (1) month. The “Controlled "Accumulation Period Length” " which will mean a equal the number of whole months such -------------------------- that the amount available for payment of principal on the Notes and the reduction sum of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming Accumulation Period Factors for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer each month during such period will be no equal to or greater than the lowest weighted average monthly principal payment rate for Required Accumulation Factor Number; provided, however, that the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) -------- ------- will not be determined to be less than one month; provided further, however, ---------------- ------- that the commencement date determination of the Controlled Accumulation PeriodPeriod Length may be changed at any time if the Rating Agency Condition is satisfied.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateNovember 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2017; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[________, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length200_]; provided, PROVIDED that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [________, 200_] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period[__] months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Class A/B Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, PROVIDED that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) month. The “such determination of the Controlled Accumulation Period Length” Length shall be made on each Determination Date on and after the [________, 200_] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The "CONTROLLED ACCUMULATION PERIOD LENGTH" will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Class A/B Expected Principal Payment Date is expected to equal or exceed the sum of the Class A Note Principal Balance plus and the Class B Note Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 SECTION 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the [______, 200_] Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2008; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2015; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the March 2015 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the March 2015 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the December 2016 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateApril 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2017; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the December 2016 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the December 2016 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to April 1, 2017, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the December 2016 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateAugust 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2009; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the July 2009 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the July 2009 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes and the reduction of the Principal Overcollateralization Amount Class C Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the July 2009 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled ------------------------------ Accumulation Period is scheduled to commence at the beginning opening of business on the Controlled Accumulation DateMarch 1, 2004. On each Determination Date until the Controlled Accumulation DateHowever, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than 12 months, the date on which the Controlled Accumulation Period actually commences will be delayed to the first Business Day of the month that is the number of whole months in the scheduled Controlled Accumulation Period, upon written notice prior to the Indenture TrusteeExpected Principal Distribution Date at least equal to the Accumulation Period Length and, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Accumulation Period Length. On the Determination Date immediately preceding the February 2004 Distribution Date, and each Determination Date thereafter until the Controlled Accumulation Period begins, the Servicer will determine the "Accumulation Period Length" which will equal the number of whole months -------------------------- such that the sum of the Accumulation Period Factors for each month during such period will be equal to or greater than the Required Accumulation Factor Number; provided, however, that the length of the Controlled Accumulation Period Length will -------- ------- not be determined to be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such ; provided further, however, -------- ------- ------- that the amount available for payment of principal on the Notes and the reduction determination of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) may be changed at any time if the commencement date of the Controlled Accumulation PeriodRating Agency Condition is satisfied.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.modifying

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2016; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the August 2016 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the August 2016 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to October 1, 2016, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the August 2016 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJanuary 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2012; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateOctober 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2006; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[ , the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length200 ]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [ 200 ] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateDecember 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2008; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the November 2008 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the November 2008 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes and the reduction of the Principal Overcollateralization Amount Class C Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the November 2008 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2006; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[•] [•], the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length201[•]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [•] [•] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period[•] months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the [•] [•] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes[,] [and] the Class C Notes [and the reduction of the Principal Overcollateralization Amount Class D Notes] on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the [•] [•] Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2011; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[______ __, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length200_]; provided, PROVIDED that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [_______ 200_] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, PROVIDED that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) month. The “such determination of the Controlled Accumulation Period Length” Length shall be made on each Determination Date on and after the [_____ 200_] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The "CONTROLLED ACCUMULATION PERIOD LENGTH" will mean a number of whole months such that the amount available for payment distribution of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 SECTION 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[•] [•], the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length201[•]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [•] [•] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period[•] months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the [•] [•] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Notes Class A Notes, the Class M Notes, [the Class B Notes][,] [and] [the Class C Notes] [and the reduction of the Principal Overcollateralization Amount Class D Notes] on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the [•] [•] Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2008; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2008 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Class A/B Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2008 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Class A/B Expected Principal Payment Date is expected to equal or exceed the sum of the Class A Note Principal Balance plus and the Class B Note Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2008 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2009; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust allocated to the Note Trust Certificate and on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust and the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains and the total amount of Principal Receivables (as defined in the Pooling and Servicing Agreement) in DFS Financing Trust remain constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the IssuerIssuer and no additional series of certificates (other than any series of certificates being issued on such date of determination) will be subsequently issued by the DFS Financing Trust. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2016, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the January 2016 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the January 2016 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to May 1, 2016, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the January 2016 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2007; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2007 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Class A/B Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2007 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Class A/B Expected Principal Payment Date is expected to equal or exceed the sum of the Class A Note Principal Balance plus and the Class B Note Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2007 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2007; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMarch 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2015; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the January 2015 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period6 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the January 2015 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the January 2015 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[ , the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length200 ]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2016; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the May 2016 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the May 2016 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the May 2016 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2019, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the January 2019 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the January 2019 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to May 1, 2019, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the January 2019 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[•] [•], the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length20[•]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [•] [•] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period[•] months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the [•] [•] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Notes Class A Notes, the Class M Notes, [the Class B Notes][,] [and] [the Class C Notes] [and the reduction of the Principal Overcollateralization Amount Class D Notes] on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the [•] [•] Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateAugust 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2003; provided, PROVIDED that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the July 2003 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer, at its option, may elect to modify the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation DatePeriod actually commences to the first Business Day of the month that is the number of whole months prior to the month in which the Class A/B Expected Principal Payment Date occurs at least equal to the Controlled Accumulation Period Length (so that, so that as a resultresult of such election, the number of Monthly Periods in the Controlled Accumulation Period will at least equal the Controlled Accumulation Period Length); provided, PROVIDED that (i) the length of the Controlled Accumulation Period will not be less than one two months, (1ii) month. The “such determination of the Controlled Accumulation Period Length” Length shall be made on each Determination Date on and after the July 2003 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any election to shorten the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no election to postpone the commencement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The "CONTROLLED ACCUMULATION PERIOD LENGTH" will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes and the reduction of the Principal Overcollateralization Amount Class B Notes on the Class A/B Expected Principal Payment Date is expected to equal or exceed the sum of the Class A Note Principal Balance plus and the Class B Note Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying Servicer electing to modify the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 SECTION 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the July 2003 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMarch 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2018; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the February 2018 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the February 2018 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the February 2018 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2018; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2018 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2018 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2018 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[•] [•], the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length201[•]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the [•] [•] Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the [•] [•] Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes[,] [and] the Class C Notes [and the reduction of the Principal Overcollateralization Amount Class D Notes] on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the [•] [•] Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateMay 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2011; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJune 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2014; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the May 2014 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the May 2014 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes and the reduction of the Principal Overcollateralization Amount Class C Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.14 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the May 2014 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateJuly 22, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2017; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the Controlled Accumulation Date, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization Amount, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuer. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.. 24 Form of Indenture Supplement

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date[ ], the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length20[ ]; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that that, as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that the length of the Controlled Accumulation Period will not be less than one (1) month. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve (12) preceding Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the Issuerissued. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 4.13 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateAugust 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided2019, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the April 2019 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (ii) such determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the April 2019 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to August 1, 2019, and (iii) monthnotwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the April 2019 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation DateFebruary 1, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length2015; provided, provided that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date on or after the December 2014 Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period12 months, upon written notice to the Indenture Trustee, with a copy to Transferor and, each Rating Agency, Servicer shall postpone the Issuer shall either postpone or accelerate, as applicable, date on which the Controlled Accumulation Date, Period actually commences so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, provided that (i) the length of the Controlled Accumulation Period will not be less than one month, (1ii) monthsuch determination of the Controlled Accumulation Period Length shall be made on each Determination Date on and after the December 2014 Determination Date but prior to the commencement of the Controlled Accumulation Period, and any postponement of the Controlled Accumulation Period shall be subject to the subsequent lengthening of the Controlled Accumulation Period to the Controlled Accumulation Period Length determined on any subsequent Determination Date, but the Controlled Accumulation Period shall in no event commence prior to the Controlled Accumulation Date, and (iii) notwithstanding any other provision of this Indenture Supplement to the contrary, no postponement of the Controlled Accumulation Period shall be made after an Early Amortization Event shall have occurred and be continuing with respect to any other Series. The “Controlled Accumulation Period Length” will mean a number of whole months such that the amount available for payment distribution of principal on the Class A Notes, the Class M Notes, the Class B Notes, the Class C Notes and the reduction of the Principal Overcollateralization Amount Class D Notes on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables held by the Issuer will be no greater than with respect to Principal Collections remains constant at the lowest weighted average monthly principal level of such payment rate for during the Receivables held by the Issuer for the prior twelve preceding Monthly Periods (12) Monthly Periodsor such lower payment rate as Servicer may select), (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued issued; provided that the Servicer may on any Determination Date increase the Controlled Accumulation Period Length calculated as described in the preceding sentence by the Issuereither 1 month or 2 months. Any notice by the Issuer Servicer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and Length, (ii) the commencement date of the Controlled Accumulation Period and (iii) the Controlled Accumulation Amount with respect to each Monthly Period during the Controlled Accumulation Period. The Servicer shall calculate the Controlled Accumulation Period Length on each Determination Date prior to the December 2014 Determination Date as necessary to determine the Reserve Account Funding Date.

Controlled Accumulation Period. The Controlled Accumulation Period is scheduled to commence at the beginning of business on the Controlled Accumulation Date. On each Determination Date until the Controlled Accumulation Date, the Issuer shall review the amount of expected Principal Collections and determine the Controlled Accumulation Period Length; provided, that if the Controlled Accumulation Period Length (determined as described below) on any Determination Date is less than or more than the number of months in the scheduled Controlled Accumulation Period, upon written notice to the Indenture Trustee, with a copy to each Rating Agency, the Issuer shall either postpone or accelerate, as applicable, the date on which the Controlled Accumulation DatePeriod actually commences, so that as a result, the number of Monthly Periods in the Controlled Accumulation Period will equal the Controlled Accumulation Period Length; provided, that the length of the Controlled Accumulation Period will not be less than one (1) month. The “"Controlled Accumulation Period Length” " will mean a number of whole months such that the amount available for payment of principal on the Notes and the reduction of the Principal Overcollateralization Amount on the Expected Principal Payment Date is expected to equal or exceed the Note Principal Balance plus the Principal Overcollateralization AmountBalance, assuming for this purpose that (1) the weighted average principal payment rate on the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust allocated to the Note Trust Certificate and on the Receivables held by the Issuer will be no greater than the lowest weighted average monthly principal payment rate for the Receivables (as defined in the Pooling and Servicing Agreement) held in DFS Financing Trust and the Receivables held by the Issuer for the prior twelve (12) Monthly Periods, (2) the total amount of Principal Receivables held by the Issuer in the Trust (and the principal amount on deposit in the Excess Funding Account, if any) remains and the total amount of Principal Receivables (as defined in the Pooling and Servicing Agreement) in DFS Financing Trust remain constant at the level on such date of determination, (3) no Early Amortization Event with respect to any Series will subsequently occur and (4) no additional Series (other than any Series being issued on such date of determination) will be subsequently issued by the IssuerIssuer and no additional series of certificates (other than any series of certificates being issued on such date of determination) will be subsequently issued by the DFS Financing Trust. Any notice by the Issuer modifying the commencement of the Controlled Accumulation Period pursuant to this Section 4.12 shall specify (i) the Controlled Accumulation Period Length and (ii) the commencement date of the Controlled Accumulation Period.