Common use of Creation and Designation Clause in Contracts

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2015-1 Exchange Note” is hereby created. (b) The terms of the 2015-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25, 2015; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,000; (iii) the “Cutoff Date” will be February 1, 2015; (iv) the “Exchange Note Interest Rate” will be equal to 3.02%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20, 2020; (vi) the 2015-1 Exchange Note will be issued as a single class; and (vii) the 2015-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152023-1 3 Exchange Note” is hereby created. (b) The terms of the 20152023-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25August 16, 20152023; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,120,000,000; (iii) the “Cutoff Date” will be February 1the close of business on July 4, 20152023; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.95%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on January 20, 20202028; (vi) the 20152023-1 3 Exchange Note will be issued as a single class; and (vii) the 20152023-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152021-1 2 Exchange Note” is hereby created. (b) The terms of the 20152021-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25May 26, 20152021; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,307,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 6, 20152021; (iv) the “Exchange Note Interest Rate” will be equal to 3.021.14%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on September 22, 20202025; (vi) the 20152021-1 2 Exchange Note will be issued as a single class; and (vii) the 20152021-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152018-1 3 Exchange Note” is hereby created. (b) The terms of the 20152018-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25September 26, 20152018; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,295,000,000; (iii) the “Cutoff Date” will be February 1the close of business on July 31, 20152018; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.81%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on December 20, 20202022; (vi) the 20152018-1 3 Exchange Note will be issued as a single class; and (vii) the 20152018-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152022-1 2 Exchange Note” is hereby created. (b) The terms of the 20152022-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25May 11, 20152022; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,502,000,000; (iii) the “Cutoff Date” will be February 1the close of business on March 29, 20152022; (iv) the “Exchange Note Interest Rate” will be equal to 3.024.34%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on September 21, 20202026; (vi) the 20152022-1 2 Exchange Note will be issued as a single class; and (vii) the 20152022-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152024-1 Exchange Note” is hereby created. (b) The terms of the 20152024-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 15, 20152024; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,690,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 2, 20152024; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on July 20, 20202028; (vi) the 20152024-1 Exchange Note will be issued as a single class; and (vii) the 20152024-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152023-1 Exchange Note” is hereby created. (b) The terms of the 20152023-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 16, 20152023; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,610,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 2, 20152023; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.77%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on July 20, 20202027; (vi) the 20152023-1 Exchange Note will be issued as a single class; and (vii) the 20152023-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152024-1 3 Exchange Note” is hereby created. (b) The terms of the 20152024-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25October 2, 20152024; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,390,000,000; (iii) the “Cutoff Date” will be February 1the close of business on August 20, 20152024; (iv) the “Exchange Note Interest Rate” will be equal to 3.024.755%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in on March 20, 20202029; (vi) the 20152024-1 3 Exchange Note will be issued as a single class; and (vii) the 20152024-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152020-1 2 Exchange Note” is hereby created. (b) The terms of the 20152020-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25June 17, 20152020; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,326,000,000; (iii) the “Cutoff Date” will be February 1the close of business on May 14, 20152020; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.22%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on December 20, 20202024; (vi) the 20152020-1 2 Exchange Note will be issued as a single class; and (vii) the 20152020-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152023-1 2 Exchange Note” is hereby created. (b) The terms of the 20152023-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25May 17, 20152023; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,340,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 2, 20152023; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.78%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on October 20, 20202027; (vi) the 20152023-1 2 Exchange Note will be issued as a single class; and (vii) the 20152023-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152020-1 3 Exchange Note” is hereby created. (b) The terms of the 20152020-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25September 29, 20152020; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,673,000,000; (iii) the “Cutoff Date” will be February 1the close of business on August 24, 20152020; (iv) the “Exchange Note Interest Rate” will be equal to 3.021.72%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on February 20, 20202025; (vi) the 20152020-1 3 Exchange Note will be issued as a single class; and (vii) the 20152020-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152021-1 3 Exchange Note” is hereby created. (b) The terms of the 20152021-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25August 18, 20152021; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,335,000,000; (iii) the “Cutoff Date” will be February 1the close of business on June 30, 20152021; (iv) the “Exchange Note Interest Rate” will be equal to 3.021.17%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on December 22, 20202025; (vi) the 20152021-1 3 Exchange Note will be issued as a single class; and (vii) the 20152021-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152020-1 Exchange Note” is hereby created. (b) The terms of the 20152020-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 19, 20152020; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,305,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 2, 20152020; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.29%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on June 20, 20202024; (vi) the 20152020-1 Exchange Note will be issued as a single class; and (vii) the 20152020-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152017-1 2 Exchange Note” is hereby created. (b) The terms of the 20152017-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25June 14, 20152017; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,326,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 30, 20152017; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.96%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on May 20, 20202022; (vi) the 20152017-1 2 Exchange Note will be issued as a single class; and (vii) the 20152017-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152016-1 Exchange Note” is hereby created. (b) The terms of the 20152016-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March February 25, 20152016; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,063,000,000; (iii) the “Cutoff Date” will be February 1January 4, 20152016; (iv) the “Exchange Note Interest Rate” will be equal to 3.024.09%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on July 20, 2020; (vi) the 20152016-1 Exchange Note will be issued as a single class; and (vii) the 20152016-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2015-1 3 Exchange Note” is hereby created. (b) The terms of the 2015-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25October 15, 2015; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,068,000,000; (iii) the “Cutoff Date” will be February 1September 2, 2015; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on August 20, 2020; (vi) the 2015-1 3 Exchange Note will be issued as a single class; and (vii) the 2015-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152021-1 Exchange Note” is hereby created. (b) The terms of the 20152021-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 24, 20152021; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,562,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 5, 20152021; (iv) the “Exchange Note Interest Rate” will be equal to 3.021.02%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on July 21, 20202025; (vi) the 20152021-1 Exchange Note will be issued as a single class; and (vii) the 20152021-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152018-1 2 Exchange Note” is hereby created. (b) The terms of the 20152018-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25June 27, 20152018; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,300,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 30, 20152018; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.61%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on September 20, 20202022; (vi) the 20152018-1 2 Exchange Note will be issued as a single class; and (vii) the 20152018-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152017-1 Exchange Note” is hereby created. (b) The terms of the 20152017-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 2515, 20152017; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,322,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 31, 20152017; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.10%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on July 20, 20202021; (vi) the 20152017-1 Exchange Note will be issued as a single class; and (vii) the 20152017-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152019-1 3 Exchange Note” is hereby created. (b) The terms of the 20152019-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25August 14, 20152019; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,043,000,000; (iii) the “Cutoff Date” will be February 1the close of business on June 30, 20152019; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.45%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on December 20, 20202023; (vi) the 20152019-1 3 Exchange Note will be issued as a single class; and (vii) the 20152019-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “2015-1 2 Exchange Note” is hereby created. (b) The terms of the 2015-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25June 17, 2015; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,072,000,000; (iii) the “Cutoff Date” will be February May 1, 2015; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.35%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March November 20, 20202019; (vi) the 2015-1 2 Exchange Note will be issued as a single class; and (vii) the 2015-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152017-1 3 Exchange Note” is hereby created. (b) The terms of the 20152017-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25September 20, 20152017; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,053,000,000; (iii) the “Cutoff Date” will be February 1the close of business on July 31, 20152017; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.84%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on January 20, 20202022; (vi) the 20152017-1 3 Exchange Note will be issued as a single class; and (vii) the 20152017-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152018-1 Exchange Note” is hereby created. (b) The terms of the 20152018-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 22, 20152018; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,314,000,000; (iii) the “Cutoff Date” will be February 1the close of business on December 25, 20152017; (iv) the “Exchange Note Interest Rate” will be equal to 3.023.38%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on October 20, 20202022; (vi) the 20152018-1 Exchange Note will be issued as a single class; and (vii) the 20152018-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152024-1 2 Exchange Note” is hereby created. (b) The terms of the 20152024-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25May 16, 20152024; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,460,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 2, 20152024; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.72%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on October 20, 20202028; (vi) the 20152024-1 2 Exchange Note will be issued as a single class; and (vii) the 20152024-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152016-1 3 Exchange Note” is hereby created. (b) The terms of the 20152016-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25September 22, 20152016; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,056,000,000; (iii) the “Cutoff Date” will be February 1the close of business on July 31, 20152016; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.49%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on May 20, 20202021; (vi) the 20152016-1 3 Exchange Note will be issued as a single class; and (vii) the 20152016-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152016-1 2 Exchange Note” is hereby created. (b) The terms of the 20152016-1 2 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25May 18, 20152016; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,173,000,000; (iii) the “Cutoff Date” will be February 1the close of business on March 31, 20152016; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.70%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on February 22, 20202021; (vi) the 20152016-1 2 Exchange Note will be issued as a single class; and (vii) the 20152016-1 2 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152022-1 Exchange Note” is hereby created. (b) The terms of the 20152022-1 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25February 23, 20152022; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,599,000,000; (iii) the “Cutoff Date” will be February 1the close of business on January 3, 20152022; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.65%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on June 22, 20202026; (vi) the 20152022-1 Exchange Note will be issued as a single class; and (vii) the 20152022-1 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152022-1 3 Exchange Note” is hereby created. (b) The terms of the 20152022-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25August 17, 20152022; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,470,000,000; (iii) the “Cutoff Date” will be February 1the close of business on July 5, 20152022; (iv) the “Exchange Note Interest Rate” will be equal to 3.025.23%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March 20on December 21, 20202026; (vi) the 20152022-1 3 Exchange Note will be issued as a single class; and (vii) the 20152022-1 3 Exchange Note will not be rated.

Creation and Designation. (a) An Exchange Note that is to be designated and known as the “20152017-1 3 Exchange Note” is hereby created. (b) The terms of the 20152017-1 3 Exchange Note are as follows: (i) the “Exchange Note Issuance Date” will be March 25June 14, 20152017; (ii) the “Exchange Note Initial Principal Balance” will be $1,083,000,0001,326,000,000; (iii) the “Cutoff Date” will be February 1the close of business on April 30, 20152017; (iv) the “Exchange Note Interest Rate” will be equal to 3.022.96%; (v) the “Exchange Note Final Scheduled Payment Date” will be the Payment Date occurring in March on May 20, 20202022; (vi) the 20152017-1 3 Exchange Note will be issued as a single class; and (vii) the 20152017-1 3 Exchange Note will not be rated.