Common use of Exchange Note Default Clause in Contracts

Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 2023-A Reference Pool, the following proviso shall be added at the end of Section 8.7(a) of the Collateral Agency Agreement: “Notwithstanding the foregoing, a delay or failure of performance referred to under any of the foregoing clauses shall not constitute an Exchange Note Default for a period of thirty (30) additional days after the applicable cure period specified in such clause, to the extent such delay or failure arose from Force Majeure.”

Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 20232022-A Reference Pool, the following proviso shall be added at the end of Section 8.7(a) of the Collateral Agency Agreement: “Notwithstanding the foregoing, a delay or failure of performance referred to under any of the foregoing clauses shall not constitute an Exchange Note Default for a period of thirty (30) additional days after the applicable cure period specified in such clause, to the extent such delay or failure arose from Force Majeure.”

Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 20232024-A Reference Pool, the following proviso shall be added at the end of Section 8.7(a) of the Collateral Agency Agreement: “Notwithstanding the foregoing, a delay or failure of performance referred to under any of the foregoing clauses shall not constitute an Exchange Note Default for a period of thirty (30) additional days after the applicable cure period specified in such clause, to the extent such delay or failure arose from Force Majeure.”

Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 202320[ ]-A [ ] Reference Pool, the following proviso shall be added at the end of Section [8.7(a) )] of the Collateral Agency Agreement: “Notwithstanding the foregoing, a delay or failure of performance referred to under any of the foregoing clauses shall not constitute an Exchange Note Default for a period of thirty (30) additional days after the applicable cure period specified in such clause, to the extent such delay or failure arose from Force Majeure.”