Common use of Initial Purchases Clause in Contracts

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Note in an amount equal to its Commitment Percentage of the Series 2004-4 Initial Invested Amount on the Series 2004-4 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing Date its APA Bank Percentage of that portion of such Series 2004-4 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Note on the Series 2004-4 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Note, subject to increase or decrease during the period from the Series 2004-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 2004-4 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection Account.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Class A Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the applicable Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Class A Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 20042015-4 3 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Class A Note, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Class A Note on the Series 2004-4 Closing A&R Effective Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the applicable Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Class A Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the applicable Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2015-3 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iv). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser and/or may, in its sole discretion, purchase a Class B Note in an amount equal to all or a portion of its Class B Commitment Percentage (if any) of the APA Banks Class B Initial Invested Amount on any Business Day during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, and if any such CP Conduit Purchaser shall be made in immediately available funds on have notified the Series 2004-4 Closing Date to Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser for remittance that it has elected not to fund a Class B Note in an amount equal to its Class B Commitment Percentage (if any) of the Class B Initial Invested Amount on the A&R Effective Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the A&R Effective Date its APA Bank Percentage of that portion of such Class B Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each applicable Non-Conduit Purchaser shall maintain its Class B Note, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Class B Note on the A&R Effective Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Class B Note, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement and (C) the applicable APA Banks shall maintain their respective APA Bank Percentages of the Class B Note with respect to its Related Purchaser Group, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to such Purchaser Group, in accordance with the provisions of this Supplement. The aggregate outstanding principal amount of such Class B Notes on the A&R Effective Date shall be the “Class B Initial Invested Amount”. (iii) Subject to the Trustee for deposit into terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Committed Note Purchaser shall purchase a Class R Note in an amount equal to $0 (the “Class R Initial Invested Amount”) on the Series 20042015-4 Collection Account3 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, other than during any Series 2015-3 Controlled Amortization Period or Series 2015-3 Rapid Amortization Period, decrease, in accordance with the provisions of this Supplement.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Class A Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the applicable Expiry Date with respect to its Related Purchaser Group, and if each such CP Conduit Purchaser in a Related Purchaser Group shall have notified the Administrative Agent and the Funding Agent with respect to such Purchaser Group that it has elected not to fund a Class A Note in an amount equal to its Class A Commitment Percentage of the Class A Initial Invested Amount on the Series 2010-6 Closing Date, each APA Bank with respect to such CP Conduit Purchasers shall fund on the A&R Effective Date its APA Bank Percentage of that portion of such Class A Note not to be funded by such CP Conduit Purchasers and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Class A Note, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) each CP Conduit Purchaser may, in its sole discretion, maintain all or any portion of the Class A Note with respect to the Related Purchaser Group, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement and (C) the APA Banks shall maintain their respective APA Bank Percentages of the Class A Note with respect to its Related Purchaser Group, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to such Purchaser Group, in accordance with the provisions of this Supplement. Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2010-6 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iv). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit PurchaserPurchaser may, in its sole discretion, purchase a Class B Note in an amount equal to all or a portion of its Class B Commitment Percentage (if any) of the Class B Initial Invested Amount on any Business Day during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Class B Note in an amount equal to its Class B Commitment Percentage (if any) of the Series 2004-4 Class B Initial Invested Amount on the Series 2004-4 Closing A&R Effective Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class B Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each applicable Non-Conduit Purchaser shall maintain its Class B Note, subject to increase or decrease during the period from the A&R Effective Date to and including the applicable Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Class B Note on the Series 2004-4 Closing DateA&R Effective Date , such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class B Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the applicable Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the applicable APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Class B Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the applicable Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments by The aggregate outstanding principal amount of such Class B Notes on the A&R Effective Date shall be the “Class B Initial Invested Amount”. (iii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Committed Note Purchaser shall be made purchase a Class R Note in immediately available funds an amount equal to $93,775,000 (the “Class R Initial Invested Amount”) on the Series 20042010-4 6 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, other than during any Series 2010-6 Controlled Amortization Period or Series 2010-6 Rapid Amortization Period, decrease, in accordance with the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection Accountprovisions of this Supplement.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 20042010-4 6 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Class A Note, subject to increase or decrease during the period from the A&R Effective Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Class A Note on the Series 2004-4 Closing A&R Effective Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Class A Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2010-6 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iii). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Committed Note Purchaser shall purchase a Class R Note in an amount equal to $93,775,000 (the “Class R Initial Invested Amount”) on the Series 2010-6 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, prior to the Series 2010-6 Controlled Amortization Period, decrease during the period from the Series 2010-6 Closing Date to and including the Expiry Date, in accordance with the provisions of this Supplement. (iii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, each Non-Conduit Purchaser and/or the APA Banks with respect to such and CP Conduit Purchaser shall be made in immediately available funds deliver its Series 2010-6 Note on the Series 2004-4 Closing A&R Effective Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into cancellation in accordance with Section 2.14 of the Base Indenture. In exchange for such Series 2010-6 Note, the Trustee shall deliver to each such Non-Conduit Purchaser and CP Conduit Purchaser, a Class A Note in an amount equal to the outstanding principal amount of the Series 20042010-4 Collection Account6 Note delivered by such Non-Conduit Purchaser or CP Conduit Purchaser, as applicable, in accordance with the terms and conditions of this Supplement. The aggregate outstanding principal amount of such Class A Notes on the A&R Effective Date shall be the “Class A Initial Invested Amount”. The parties hereto agree that any amounts accrued and unpaid as of the A&R Effective Date with respect to the Series 2010-6 Notes under the Second A&R Series 2010-6 Supplement shall be deemed to have accrued with respect to the Class A Notes and shall be payable in accordance with the provisions hereof.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042009-4 3 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042009-4 3 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 20042009-4 3 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042009-4 3 Note in an amount equal to its Commitment Percentage of the Series 20042009-4 3 Initial Invested Amount on the Series 20042009-4 3 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042009-4 3 Closing Date its APA Bank Percentage of that portion of such Series 20042009-4 3 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042009-4 3 Note on the Series 20042009-4 3 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042009-4 3 Note, subject to increase or decrease during the period from the Series 20042009-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042009-4 3 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042009-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042009-4 3 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042009-4 3 Collection Account.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042015-4 3 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042015-4 3 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 20042015-4 3 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042015-4 3 Note in an amount equal to its Commitment Percentage of the Series 20042015-4 3 Initial Invested Amount on the Series 20042015-4 3 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042015-4 3 Closing Date its APA Bank Percentage of that portion of such Series 20042015-4 3 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Series 2015-3 Note, subject to increase or decrease during the period from the Series 2015-3 Closing Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 20042015-4 3 Note on the Series 20042015-4 3 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042015-4 3 Note, subject to increase or decrease during the period from the Series 20042015-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042015-4 3 Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 20042015-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments by each the Non-Conduit Purchasers, the CP Conduit Purchaser Purchasers and/or the APA Banks with respect to such the CP Conduit Purchaser Purchasers shall be made in immediately available funds on the Series 20042015-4 3 Closing Date to the Funding Agent in accordance with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection AccountSection 2.3(d).

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042010-4 6 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042010-4 6 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 20042010-4 6 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042010-4 6 Note in an amount equal to its Commitment Percentage of the Series 20042010-4 6 Initial Invested Amount on the Series 20042010-4 6 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042010-4 6 Closing Date its APA Bank Percentage of that portion of such Series 20042010-4 6 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Series 2010-6 Note, subject to increase or decrease during the period from the Series 2010-6 Closing Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 20042010-4 6 Note on the Series 20042010-4 6 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042010-4 6 Note, subject to increase or decrease during the period from the Series 20042010-4 6 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042010-4 6 Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 20042010-4 6 Closing Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments by each the Non-Conduit Purchasers, the CP Conduit Purchaser Purchasers and/or the APA Banks with respect to such the CP Conduit Purchaser Purchasers shall be made in immediately available funds on the Series 20042010-4 6 Closing Date to the Funding Agent in accordance with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection AccountSection 2.3(d).

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 2004-4 Closing A&R Effective Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Class A Note, subject to increase or decrease during the period from the A&R Effective Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Class A Note on the Series 2004-4 Closing A&R Effective Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Class A Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 20042015-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2015-3 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iii). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Committed Note Purchaser shall purchase a Class R Note in an amount equal to $0 (the “Class R Initial Invested Amount”) on the Series 2015-3 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, prior to the Series 2015-3 Controlled Amortization Period, decrease during the period from the Series 2015-3 Closing Date to and including the Expiry Date, in accordance with the provisions of this Supplement. (iii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, each Non-Conduit Purchaser and/or the APA Banks with respect to such and CP Conduit Purchaser shall be made in immediately available funds deliver its Series 2015-3 Note on the Series 2004-4 Closing A&R Effective Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into cancellation in accordance with Section 2.14 of the Base Indenture. In exchange for such Series 2015-3 Note, the Trustee shall deliver to each such Non-Conduit Purchaser and CP Conduit Purchaser, a Class A Note in an amount equal to the outstanding principal amount of the Series 20042015-4 Collection Account3 Note delivered by such Non-Conduit Purchaser or CP Conduit Purchaser, as applicable, in accordance with the terms and conditions of this Supplement. The aggregate outstanding principal amount of such Class A Notes on the A&R Effective Date shall be the “Class A Initial Invested Amount”. The parties hereto agree that any amounts accrued and unpaid as of the A&R Effective Date with respect to the Series 2015-3 Notes under the Original Series 2015-3 Supplement shall be deemed to have accrued with respect to the Class A Notes and shall be payable in accordance with the provisions hereof.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance accor-dance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042005-4 3 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042005-4 3 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 20042005-4 3 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042005-4 3 Note in an amount equal to its Commitment Commit-ment Percentage of the Series 20042005-4 3 Initial Invested Amount on the Series 20042005-4 3 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042005-4 3 Closing Date its APA Bank Percentage of that portion of such Series 20042005-4 3 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042005-4 3 Note on the Series 20042005-4 3 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042005-4 3 Note, subject to increase or decrease during the period from the Series 20042005-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042005-4 3 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042005-4 3 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042005-4 3 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042005-4 3 Collection Account.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042002-4 2 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042002-4 2 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004"SERIES 2002-4 Closing Date”2 CLOSING DATE") to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042002-4 2 Note in an amount equal to its Commitment Percentage of the Series 20042002-4 2 Initial Invested Amount on the Series 20042002-4 2 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042002-4 2 Closing Date its APA Bank Percentage of that portion of such Series 20042002-4 2 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042002-4 2 Note on the Series 20042002-4 2 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042002-4 2 Note, subject to increase or decrease during the period from the Series 20042002-4 2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of -27- the Series 20042002-4 2 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042002-4 2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042002-4 2 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042002-4 2 Collection Account.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042002-4 2 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042002-4 2 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004"SERIES 2002-4 Closing Date”2 CLOSING DATE") to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042002-4 2 Note in an amount equal to its Commitment Percentage of the Series 20042002-4 2 Initial Invested Amount on the Series 20042002-4 2 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042002-4 2 Closing Date its APA Bank Percentage of that portion of such Series 20042002-4 2 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042002-4 2 Note on the Series 20042002-4 2 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042002-4 2 Note, subject to increase or decrease during the period from the Series 20042002-4 2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042002-4 2 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042002-4 2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042002-4 2 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042002-4 2 Collection Account.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance accor­dance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042008-4 1 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042008-4 1 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 20042008-4 1 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042008-4 1 Note in an amount equal to its Commitment Commit­ment Percentage of the Series 20042008-4 1 Initial Invested Amount on the Series 20042008-4 1 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042008-4 1 Closing Date its APA Bank Percentage of that portion of such Series 20042008-4 1 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042008-4 1 Note on the Series 20042008-4 1 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042008-4 1 Note, subject to increase or decrease during the period from the Series 20042008-4 1 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042008-4 1 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042008-4 1 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042008-4 1 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042008-4 1 Collection Account.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if each such CP Conduit Purchaser in a Related Purchaser Group shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser Group that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 20042010-4 6 Closing Date, each APA Bank with respect to such CP Conduit Purchaser Purchasers shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser Purchasers and (ii) thereafter, (A) if a CP each Non-Conduit Purchaser shall have purchased a Series 2004-4 Note on the Series 2004-4 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and Supplement, (B) the APA Banks with respect to such each CP Conduit Purchaser shall may, in its sole discretion, maintain their respective APA Bank Percentages all or any portion of the Series 2004-4 Class A Note with respect to such the Related Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement and (C) the APA Banks shall maintain their respective APA Bank Percentages of the Class A Note with respect to its Related Purchaser Group, subject to increase or decrease during the period from the A&R Effective Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2010-6 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iii). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Committed Note Purchaser shall purchase a Class R Note in an amount equal to $93,775,000 (the “Class R Initial Invested Amount”) on the Series 2010-6 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, prior to the Series 2010-6 Controlled Amortization Period, decrease during the period from the Series 2010-6 Closing Date to and including the Expiry Date, in accordance with the provisions of this Supplement. (iii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, each Non-Conduit Purchaser and/or the APA Banks with respect to such and CP Conduit Purchaser shall be made in immediately available funds deliver its Series 2010-6 Note on the Series 2004-4 Closing A&R Effective Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into cancellation in accordance with Section 2.14 of the Base Indenture. In exchange for such Series 2010-6 Note, the Trustee shall deliver to each such Non-Conduit Purchaser and CP Conduit Purchaser, a Class A Note in an amount equal to the outstanding principal amount of the Series 20042010-4 Collection Account6 Note delivered by such Non-Conduit Purchaser or CP Conduit Purchaser, as applicable, in accordance with the terms and conditions of this Supplement. The aggregate outstanding principal amount of such Class A Notes on the A&R Effective Date shall be the “Class A Initial Invested Amount”. The parties hereto agree that any amounts accrued and unpaid as of the A&R Effective Date with respect to the Series 2010-6 Notes under the Third A&R Series 2010-6 Supplement shall be deemed to have accrued with respect to the Class A Notes and shall be payable in accordance with the provisions hereof.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 initial principal amount of the Class A Notes (the “Class A Initial Invested Amount Amount”) on any Business Day during the period from the Effective Series 2022-2 Closing Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if each such CP Conduit Purchaser in a Related Purchaser Group shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser Group that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 20042022-4 2 Closing Date, each APA Bank with respect to such CP Conduit Purchaser Purchasers shall fund on the Series 20042022-4 2 Closing Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser Purchasers and (ii) thereafter, (A) if a CP each Non-Conduit Purchaser shall have purchased a Series 2004-4 Note on the Series 2004-4 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 20042022-4 2 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and Supplement, (B) the APA Banks with respect to such each CP Conduit Purchaser shall may, in its sole discretion, maintain their respective APA Bank Percentages all or any portion of the Series 2004-4 Class A Note with respect to such the Related Purchaser Group, subject to increase or decrease during the period from the Series 20042022-4 2 Closing Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement and (C) the APA Banks shall maintain their respective APA Bank Percentages of the Class A Note with respect to its Related Purchaser Group, subject to increase or decrease during the period from the Series 2022-2 Closing Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments by each the Non-Conduit Purchasers, the CP Conduit Purchaser Purchasers and/or the APA Banks with respect to such the CP Conduit Purchaser Purchasers shall be made in immediately available funds on the Series 20042022-4 2 Closing Date in accordance with Section 2.3(d). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Committed Note Purchaser shall purchase a Class R Note in an amount equal to $48,000,000 (the “Class R Initial Invested Amount”) on the Series 2022-2 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, prior to the Series 2022-2 Controlled Amortization Period, decrease during the period from the Series 2022-2 Closing Date to and including the Funding Agent Expiry Date, in accordance with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 2004-4 Collection Accountprovisions of this Supplement.

Initial Purchases. Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042002-4 Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042002-4 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004"SERIES 2002-4 Closing Date”CLOSING DATE") to and including the Expiry Date with respect to such CP Conduit Purchaser, and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042002-4 Note in an amount equal to its Commitment Percentage of the Series 20042002-4 Initial Invested Amount on the Series 20042002-4 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042002-4 Closing Date its APA Bank Percentage of that portion of such Series 20042002-4 Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042002-4 Note on the Series 20042002-4 Closing Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042002-4 Note, subject to increase or decrease during the period from the Series 20042002-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042002-4 Note with respect to such Purchaser Group, subject to increase or decrease during the period from the Series 20042002-4 Closing Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042002-4 Closing Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into the Series 20042002-4 Collection Account.

Initial Purchases. (i) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each Non-Conduit Purchaser shall purchase, and each CP Conduit Purchaser may, in its sole discretion, purchase a Series 2004-4 Class A Note in an amount equal to all or a portion of its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on any Business Day during the period from the A&R Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, and if any such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 2004-4 Class A Note in an amount equal to its Commitment Percentage of the Series 2004-4 Class A Initial Invested Amount on the Series 20042015-4 3 Closing Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 2004-4 Closing A&R Effective Date its APA Bank Percentage of that portion of such Series 2004-4 Class A Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) each Non-Conduit Purchaser shall maintain its Class A Note, subject to increase or decrease during the period from the A&R Effective Date to and including the Expiry Date with respect to its Related Purchaser Group, in accordance with the provisions of this Supplement, (B) if a CP Conduit Purchaser shall have purchased a Series 2004-4 Class A Note on the Series 2004-4 Closing A&R Effective Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 2004-4 Class A Note, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaserits Related Purchaser Group, in accordance with the provisions of this Supplement and (BC) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 2004-4 Class A Note with respect to such its Related Purchaser Group, subject to increase or decrease during the period from the Series 2004-4 Closing A&R Effective Date to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser Group, in accordance with the provisions of this Supplement. Payments Each Purchaser Group as of the A&R Effective Date shall be deemed to have satisfied its obligation to purchase a Class A Note under this Section 2.1(a) on such date by exchanging the Series 2015-3 Note held by it and outstanding on the day immediately preceding the A&R Effective Date for a Class A Note issued on the A&R Effective Date in accordance with Section 2.1(a)(iii). (ii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, (i) each CP Committed Note Purchaser shall purchase a Class R Note in an amount equal to $0 (the “Class R Initial Invested Amount”) on the Series 2015-3 Closing Date and (ii) thereafter, each Committed Note Purchaser shall maintain its Class R Note, subject to increase or, prior to the Series 2015-3 Controlled Amortization Period, decrease during the period from the Series 2015-3 Closing Date to and including the Expiry Date, in accordance with the provisions of this Supplement. (iii) Subject to the terms and conditions of this Supplement, including delivery of notice in accordance with Section 2.3, each Non-Conduit Purchaser and/or the APA Banks with respect to such and CP Conduit Purchaser shall be made in immediately available funds deliver its Series 2015-3 Note on the Series 2004-4 Closing A&R Effective Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Trustee for deposit into cancellation in accordance with Section 2.14 of the Base Indenture. In exchange for such Series 2015-3 Note, the Trustee shall deliver to each such Non-Conduit Purchaser and CP Conduit Purchaser, a Class A Note in an amount equal to the outstanding principal amount of the Series 20042015-4 Collection Account3 Note delivered by such Non-Conduit Purchaser or CP Conduit Purchaser, as applicable, in accordance with the terms and conditions of this Supplement. The aggregate outstanding principal amount of such Class A Notes on the A&R Effective Date shall be the “Class A Initial Invested Amount”. The parties hereto agree that any amounts accrued and unpaid as of the A&R Effective Date with respect to the Series 2015-3 Notes under the A&R Series 2015-3 Supplement shall be deemed to have accrued with respect to the Class A Notes and shall be payable in accordance with the provisions hereof.

Initial Purchases. Subject to the terms and conditions of this Indenture Supplement, including delivery of notice in accordance with Section SECTION 2.3, (i) each CP Conduit Purchaser may, in its sole discretion, purchase a Series 20042001-4 1 Investor Note in an amount equal to all or a portion of its Commitment Percentage of the Series 20042001-4 1 Initial Invested Amount on any Business Day during the period from the Effective Date (the “Series 2004-4 Closing Date”) to and including the Expiry Date with respect to such CP Conduit PurchaserPurchaser (the "SERIES 2001-1 INITIAL FUNDING DATE"), and if such CP Conduit Purchaser shall have notified the Administrative Agent and the Funding Agent with respect to such CP Conduit Purchaser that it has elected not to fund a Series 20042001-4 1 Investor Note in an amount equal to its Commitment Percentage of the Series 20042001-4 1 Initial Invested Amount on the Series 20042001-4 Closing 1 Initial Funding Date, each APA Bank with respect to such CP Conduit Purchaser shall fund on the Series 20042001-4 Closing 1 Initial Funding Date its APA Bank Percentage of that portion of such Series 20042001-4 1 Investor Note not to be funded by such CP Conduit Purchaser and (ii) thereafter, (A) if a CP Conduit Purchaser shall have purchased a Series 20042001-4 1 Investor Note on the Series 20042001-4 Closing 1 Initial Funding Date, such CP Conduit Purchaser may, in its sole discretion, maintain its Series 20042001-4 1 Investor Note, subject to increase or decrease during the period from the Series 2004-4 Closing Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Indenture Supplement and (B) the APA Banks with respect to such CP Conduit Purchaser shall maintain their respective APA Bank Percentages of the Series 20042001-4 1 Investor Note with respect to such Purchaser GroupPurchaser, subject to increase or decrease during the period from the Series 2004-4 Closing Effective Date to and including the Expiry Date with respect to such CP Conduit Purchaser, in accordance with the provisions of this Indenture Supplement. Payments by each CP Conduit Purchaser and/or the APA Banks with respect to such CP Conduit Purchaser shall be made in immediately available funds on the Series 20042001-4 Closing 1 Initial Funding Date to the Funding Agent with respect to such CP Conduit Purchaser for remittance to the Indenture Trustee for deposit into the Series 20042001-4 1 Collection AccountSubaccount.