Common use of Series 2020-1 Notices of Final Payment Clause in Contracts

Series 2020-1 Notices of Final Payment. The Issuer shall notify the Trustee, the Manager and each of the Rating Agencies of the Series 2020-1 Final Payment Date of a Class of Notes on or before the Prepayment Record Date preceding such Series 2020-1 Prepayment Date; provided, however, that with respect to any Series 2020-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Issuer shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2020-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.5(e). The Trustee shall provide any written notice required under this Section 3.5(h) to each Person in whose name such Series 2020-1 Notes are registered at the close of business on such Prepayment Record Date of the Series 2020-1 Prepayment Date that will be the Series 2020-1 Final Payment Date for such Class of Notes. Such written notice to be sent to the Series 2020-1 Noteholders shall be made at the expense of the Issuer and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Issuer indicating that the Series 2020-1 Final Payment will be made and shall specify that such Series 2020-1 Final Payment will be payable only upon presentation and surrender of the related Series 2020-1 Notes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Issuer, the Manager, the Trustee and their affiliates, and shall specify the place where the related Series 2020-1 Notes may be presented and surrendered for such Series 2020-1 Final Payment.

Series 2020-1 Notices of Final Payment. The Issuer shall notify the Trustee, the Manager Servicer and each of the Rating Agencies of the Series 2020-1 Final Payment Date of a Class of Notes Agency on or before the Prepayment Record Date preceding such the Series 2020-1 Prepayment Date that will be the Series 2020-1 Final Payment Date; provided, however, that with respect to any Series 2020-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Issuer shall not be obligated to provide any additional notice to the Trustee Trustee, the Servicer or the Rating Agencies Agency of such Series 2020-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.5(e3.6(g). The Trustee shall provide any written notice required under this Section 3.5(h3.6(j) to each Person in whose name such a Series 2020-1 Notes are Note is registered at the close of business on such Prepayment Record Date of the Series 2020-1 Prepayment Date that will be the Series 2020-1 Final Payment Date for such Class of NotesDate. Such written notice to be sent to the Series 2020-1 Noteholders shall be made at the expense of the Issuer and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Issuer indicating that the Series 2020-1 Final Payment will be made and shall specify that such Series 2020-1 Final Payment will be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the related Series 2020-1 Notes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the IssuerSecuritization Entities, the Manager, the Trustee and their affiliates, and shall specify the place where the related Series 2020-1 Notes (other than any Uncertificated Notes) may be presented and surrendered for such Series 2020-1 Final Payment.

Series 2020-1 Notices of Final Payment. The Issuer Co-Issuers shall notify the Trustee, the Manager Servicer and each of the Rating Agencies of the Series 2020-1 Final Payment Date of a Class of Notes on or before the Prepayment Record Date preceding such the Series 2020-1 Prepayment Date that shall be the Series 2020-1 Final Payment Date; provided, however, that with respect to any Series 2020-1 Final Payment that is made in connection with any mandatory prepayment in full, the Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2020-1 Final Payment, and in the case of any optional prepayment in full, the Issuer Co-Issuers shall not be obligated to provide any additional notice to the Trustee or the Rating Agencies of such Series 2020-1 Final Payment beyond the notice required to be given in connection with such optional prepayment pursuant to Section 3.5(e)3.6(g) of this Series Supplement. The Trustee shall provide any written notice required under this Section 3.5(h3.6(l) to each Person in whose name such a Series 2020-1 Notes are Class A-2 Note is registered at the close of business on such Prepayment Record Date of the Series 2020-1 Prepayment Date that will shall be the Series 2020-1 Final Payment Date for such Class of NotesDate. Such written notice to be sent to the Series 2020-1 Class A-2 Noteholders shall be made at the expense of the Issuer Co-Issuers and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Issuer Co-Issuers indicating that the Series 2020-1 Final Payment will shall be made and shall specify that such Series 2020-1 Final Payment will shall be payable only upon presentation and surrender of the related Series 2020-1 Notes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Issuer, the Manager, the Trustee and their affiliates, Class A-2 Notes and shall specify the place where the related Series 2020-1 Class A-2 Notes may be presented and surrendered for such Series 2020-1 Final Payment.

Series 2020-1 Notices of Final Payment. The Issuer shall notify the Trustee, the Manager Servicer and each of the Rating Agencies Agency of the Series 2020-1 Final Payment Date of a Class of Notes on or before the Prepayment Record Date preceding such Series 2020-1 Prepayment Date; provided, however, that with respect to any Series 2020-1 Final Payment that is made in connection with any mandatory or optional prepayment in full, the Issuer shall not be obligated to provide any additional notice to the Trustee Trustee, the Servicer or the any Rating Agencies Agency of such Series 2020-1 Final Payment beyond the notice required to be given in connection with such prepayment pursuant to Section 3.5(e3.6(g). The Trustee shall provide any written notice required under this Section 3.5(h3.6(k) to each Person in whose name such any one or more Series 2020-1 Notes are registered at the close of business on such Prepayment Record Date of the Series 2020-1 Prepayment Date that will be the Series 2020-1 Final Payment Date for such Class of NotesDate. Such written notice to be sent to the Series 2020-1 Noteholders shall be made at the expense of the Issuer and shall be mailed by the Trustee within five (5) Business Days of receipt of notice from the Issuer indicating that the Series 2020-1 Final Payment will be made and shall specify that such Series 2020-1 Final Payment will be payable only upon presentation and surrender (or deregistration, in the case of Uncertificated Notes) of the related Series 2020-1 Notes, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the IssuerSecuritization Entities, the Manager, the Trustee and their affiliates, and shall specify the place where the related Series 2020-1 Notes (other than any Uncertificated Notes) may be presented and surrendered for such Series 2020-1 Final Payment.