Common use of Issuance of Revolving Liquidity Note Clause in Contracts

Issuance of Revolving Liquidity Note. On the date hereof, the Issuer will execute and deliver to the Holder, and the Owner Trustee will authenticate, a physical certificate evidencing the Revolving Liquidity Note, substantially in the form of Exhibit A hereto. Each Revolving Liquidity Note issued hereunder will evidence the repayment obligations of the Issuer set forth in Section 2.4 hereof and the funding obligations of the Holder thereof set forth in Section 2.1 and 2.2 hereof, and will be dated the date of its issuance.

Appears in 11 contracts

Samples: Liquidity Note Agreement (Toyota Lease Trust), Revolving Liquidity Note Agreement (Toyota Auto Finance Receivables LLC), Liquidity Note Agreement (Toyota Lease Trust)

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Issuance of Revolving Liquidity Note. On the date hereof, the Issuer will execute and deliver to the Holder, and the Owner Trustee will authenticate, Holder a physical certificate evidencing the Revolving Liquidity Note, substantially in the form of Exhibit A hereto. Each Revolving Liquidity Note issued hereunder will evidence the repayment obligations of the Issuer set forth in Section 2.4 hereof and the funding obligations of the Holder thereof set forth in Section 2.1 and 2.2 hereof, and will be dated the date of its issuance.

Appears in 4 contracts

Samples: Revolving Liquidity Note Agreement (Toyota Motor Credit Corp), Revolving Liquidity Note Agreement (Toyota Motor Credit Corp), Revolving Liquidity Note Agreement (Toyota Motor Credit Corp)

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Issuance of Revolving Liquidity Note. On the date hereof, the Issuer will execute and deliver to the Holder, and the Owner Trustee will authenticate, a physical certificate evidencing the Revolving Liquidity Note, substantially in the form of Exhibit A hereto. Each Revolving Liquidity Note issued hereunder will evidence the repayment obligations of the Issuer set forth in Section 2.4 2.3 hereof and the funding obligations of the Holder thereof set forth in Section 2.1 and 2.2 hereof, and will be dated the date of its issuance.

Appears in 1 contract

Samples: Revolving Liquidity Note Agreement (National Collegiate Student Loan Trust 2006-1)

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