Common use of Deposit of Note Redemption Price Clause in Contracts

Deposit of Note Redemption Price. The Trust may not exercise an Optional Redemption unless the Note Balance of the Notes, any accrued but unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments and all other amounts payable by the Trust with respect to Series 2024-2, including such amounts due and payable to the Indenture Trustee, the Owner Trustee and the Master Collateral Agent as of such Redemption Date are paid in full in connection therewith. On the Redemption Date, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account and the Principal Funding Account into the Distribution Account. Upon the exercise of the Optional Redemption, the Notes will be redeemed and paid in full.

Deposit of Note Redemption Price. The Trust may not exercise an Optional Redemption unless the Note Balance of the Notes, any accrued but unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments and all other amounts payable by the Trust with respect to Series 20242023-26, including such amounts due and payable to the Indenture Trustee, the Owner Trustee and the Master Collateral Agent as of such Redemption Date are paid in full in connection therewith. On the Redemption Date, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account and the Principal Funding Account into the Distribution Account. Upon the exercise of the Optional Redemption, the Notes will be redeemed and paid in full.

Deposit of Note Redemption Price. The Trust may not exercise an Optional Redemption unless the Note Balance of the Notes, any accrued but unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments and all other amounts payable by the Trust with respect to Series 2024-25, including such amounts due and payable to the Indenture Trustee, the Owner Trustee and the Master Collateral Agent as of such Redemption Date are paid in full in connection therewith. On the Redemption Date, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account and the Principal Funding Account into the Distribution Account. Upon the exercise of the Optional Redemption, the Notes will be redeemed and paid in full.

Deposit of Note Redemption Price. The Trust may not exercise an Optional Redemption unless the Note Balance of the Notes, any accrued but unpaid interest, any unpaid Additional Interest Amounts and any unpaid Make-Whole Payments and all other amounts payable by the Trust with respect to Series 20242023-23, including such amounts due and payable to the Indenture Trustee, the Owner Trustee and the Master Collateral Agent as of such Redemption Date are paid in full in connection therewith. On the Redemption Date, the Indenture Trustee shall transfer any amounts on deposit in the Reserve Account and the Principal Funding Account into the Distribution Account. Upon the exercise of the Optional Redemption, the Notes will be redeemed and paid in full.