Common use of Distribution Notice Clause in Contracts

Distribution Notice. (1) The Series 2024-1 Co-Owner hereby delivers, and the Servicer hereby confirms receipt of, the Distribution Notice for and in respect of the Series 2024-1 Ownership Interest. A true and complete copy of the Distribution Notice is attached hereto as Schedule 2. (2) The Issuer Trustee or the Servicer may from time to time amend or modify the Distribution Notice for the Series 2024-1 Ownership Interest to reflect changes in the amount (but, for greater certainty, not the allocable percentage) of Additional Funding Expenses of the Series 2024-1 Ownership Interest, but, subject to any amendments made pursuant to Sections 3.3 and 6.5(1) of the Pooling and Servicing Agreement and Section 5.1(2)(f), will not (absent manifest error) be permitted to amend or modify the Distribution Notice in relation to the amount of Funding Costs, except upon the written agreement of the Custodian, the Servicer and the Seller. (3) The Series 2024-1 Co-Owner shall provide written notice to the Servicer at a time when sufficient distributions have been made into the Accumulations Account to permit the Series 2024-1 Co-Owner to discharge payment obligations in respect of the Series 2024-1 Ownership Interest which are then payable. (4) Notwithstanding any provision or requirement contained in the Distribution Notice, distributions to the Series 2024-1 Co-Owner shall not be made during the Liquidation Period if and to the extent that, as a consequence of distributions, the Unadjusted Invested Amount would be reduced to an amount less than $1,000 at any time prior to the Business Day immediately preceding the Expected Repayment Date.

Distribution Notice. (1) The Series 20242020-1 Co-Owner hereby delivers, and the Servicer hereby confirms receipt of, the Distribution Notice for and in respect of the Series 20242020-1 Ownership Interest. A true and complete copy of the Distribution Notice is attached hereto as Schedule 2. (2) The Issuer Trustee or the Servicer may from time to time amend or modify the Distribution Notice for the Series 20242020-1 Ownership Interest to reflect changes in the amount (but, for greater certainty, not the allocable percentage) of Additional Funding Expenses of the Series 20242020-1 Ownership Interest, but, subject to any amendments made pursuant to Sections 3.3 and 6.5(1) of the Pooling and Servicing Agreement and Section 5.1(2)(f), will not (absent manifest error) be permitted to amend or modify the Distribution Notice in relation to the amount of Funding Costs, except upon the written agreement of the Custodian, the Servicer and the Seller. (3) The Series 20242020-1 Co-Owner shall provide written notice to the Servicer at a time when sufficient distributions have been made into the Accumulations Account to permit the Series 20242020-1 Co-Owner to discharge payment obligations in respect of the Series 20242020-1 Ownership Interest which are then payable. (4) Notwithstanding any provision or requirement contained in the Distribution Notice, distributions to the Series 2024-1 Co-Owner shall not be made during the Liquidation Period if and to the extent that, as a consequence of distributions, the Unadjusted Invested Amount would be reduced to an amount less than $1,000 at any time prior to the Business Day immediately preceding the Expected Repayment Date.

Distribution Notice. (1) The Series 20242019-1 Co-Owner hereby delivers, and the Servicer hereby confirms receipt of, the Distribution Notice for and in respect of the Series 20242019-1 Ownership Interest. A true and complete copy of the Distribution Notice is attached hereto as Schedule 2. (2) The Issuer Trustee or the Servicer may from time to time amend or modify the Distribution Notice for the Series 20242019-1 Ownership Interest to reflect changes in the amount (but, for greater certainty, not the allocable percentage) of Additional Funding Expenses of the Series 20242019-1 Ownership Interest, but, subject to any amendments made pursuant to Sections 3.3 and 6.5(1) of the Pooling and Servicing Agreement and Section 5.1(2)(f), will not (absent manifest error) be permitted to amend or modify the Distribution Notice in relation to the amount of Funding Costs, except upon the written agreement of the Custodian, the Servicer and the Seller. (3) The Series 20242019-1 Co-Owner shall provide written notice to the Servicer at a time when sufficient distributions have been made into the Accumulations Account to permit the Series 20242019-1 Co-Owner to discharge payment obligations in respect of the Series 20242019-1 Ownership Interest which are then payable. (4) Notwithstanding any provision or requirement contained in the Distribution Notice, distributions to the Series 20242019-1 Co-Owner shall not be made during the Liquidation Period if and to the extent that, as a consequence of distributions, the Unadjusted Invested Amount would be reduced to an amount less than $1,000 at any time prior to the Business Day immediately preceding the Expected Repayment Date.

Distribution Notice. (1) The Series 20242022-1 Co-Owner hereby delivers, and the Servicer hereby confirms receipt of, the Distribution Notice for and in respect of the Series 20242022-1 Ownership Interest. A true and complete copy of the Distribution Notice is attached hereto as Schedule 2. (2) The Issuer Trustee or the Servicer may from time to time amend or modify the Distribution Notice for the Series 20242022-1 Ownership Interest to reflect changes in the amount (but, for greater certainty, not the allocable percentage) of Additional Funding Expenses of the Series 20242022-1 Ownership Interest, but, subject to any amendments made pursuant to Sections 3.3 and 6.5(1) of the Pooling and Servicing Agreement and Section 5.1(2)(f), will not (absent manifest error) be permitted to amend or modify the Distribution Notice in relation to the amount of Funding Costs, except upon the written agreement of the Custodian, the Servicer and the Seller. (3) The Series 20242022-1 Co-Owner shall provide written notice to the Servicer at a time when sufficient distributions have been made into the Accumulations Account to permit the Series 20242022-1 Co-Owner to discharge payment obligations in respect of the Series 20242022-1 Ownership Interest which are then payable. (4) Notwithstanding any provision or requirement contained in the Distribution Notice, distributions to the Series 2024-1 Co-Owner shall not be made during the Liquidation Period if and to the extent that, as a consequence of distributions, the Unadjusted Invested Amount would be reduced to an amount less than $1,000 at any time prior to the Business Day immediately preceding the Expected Repayment Date.

Distribution Notice. (1) The Series 20242023-1 Co-Owner hereby delivers, and the Servicer hereby confirms receipt of, the Distribution Notice for and in respect of the Series 20242023-1 Ownership Interest. A true and complete copy of the Distribution Notice is attached hereto as Schedule 2. (2) The Issuer Trustee or the Servicer may from time to time amend or modify the Distribution Notice for the Series 20242023-1 Ownership Interest to reflect changes in the amount (but, for greater certainty, not the allocable percentage) of Additional Funding Expenses of the Series 20242023-1 Ownership Interest, but, subject to any amendments made pursuant to Sections 3.3 and 6.5(1) of the Pooling and Servicing Agreement and Section 5.1(2)(f), will not (absent manifest error) be permitted to amend or modify the Distribution Notice in relation to the amount of Funding Costs, except upon the written agreement of the Custodian, the Servicer and the Seller. (3) The Series 20242023-1 Co-Owner shall provide written notice to the Servicer at a time when sufficient distributions have been made into the Accumulations Account to permit the Series 20242023-1 Co-Owner to discharge payment obligations in respect of the Series 20242023-1 Ownership Interest which are then payable. (4) Notwithstanding any provision or requirement contained in the Distribution Notice, distributions to the Series 2024-1 Co-Owner shall not be made during the Liquidation Period if and to the extent that, as a consequence of distributions, the Unadjusted Invested Amount would be reduced to an amount less than $1,000 at any time prior to the Business Day immediately preceding the Expected Repayment Date.