Common use of Payment of Series 2022-1 Note Principal Clause in Contracts

Payment of Series 2022-1 Note Principal. (a) Series 2022-1 Notes Principal Payment at Legal Maturity. The Series 2022-1 Outstanding Principal Amount shall be due and payable on the applicable Series 2022-1 Legal Final Maturity Date. The Series 2022-1 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.06 and, in respect of the Series 2022-1 Class A-1 Outstanding Principal Amount, Section 2.02 of this Series Supplement. (b) Series 2022-1 Class A‑2 Anticipated Repayment Date; Series 2022-1 Class A-1 Renewal Date. The “Series 2022-1 Anticipated Repayment Date” means, (i) with respect to the Series 2022-1 Class A-2-I Notes, the Quarterly Payment Date occurring in February 2027 and (ii) with respect to the Series 2022-1 Class A-2-II Notes, the Quarterly Payment Date occurring in February 2032. The initial Series 2022-1 Class A-1 Notes Renewal Date shall be the Quarterly Payment Date occurring in February 2027, unless extended as provided below in this Section 3.06(b).

Payment of Series 2022-1 Note Principal. (a) Series 2022-1 Notes Principal Payment at Legal Maturity. The Series 2022-1 Class A-2 Outstanding Principal Amount shall be due and payable on the applicable Series 2022-1 Class A-2 Legal Final Maturity Date. The Series 2022-1 Class A-2 Outstanding Principal Amount is not prepayable, in whole or in part, except as set forth in this Section 3.06 3.6 and, in respect of the Series 2022-1 Class A-1 Outstanding Principal Amount, Section 2.02 2.2 of this Series Supplement. (b) Series 2022-1 Class A‑2 A-2 Anticipated Repayment Date; Series 2022-1 Class A-1 Renewal Date. The “Series 2022-1 Anticipated Repayment Date” means, means (i) with respect to the Series 2022-1 Class A-2-I Notes, the Quarterly Payment Date occurring in February 2027 December 2026 and (ii) with respect to the Series 2022-1 Class A-2-II Notes, the Quarterly Payment Date occurring in February 2032. The initial Series 2022-1 Class A-1 Notes Renewal Date shall be the Quarterly Payment Date occurring in February 2027, unless extended as provided below in this Section 3.06(b)December 2031.