Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 2024-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.”
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Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)
Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 20242022-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.”
Appears in 2 contracts
Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)
Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 20242023-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.”
Appears in 2 contracts
Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)
Exchange Note Default. For purposes of Exchange Note Defaults with respect to the 202420[ ]-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.”
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