Series Supplement for Each Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which may include, without limitation:
(a) its name or designation;
(b) the Initial Principal Amount with respect to such Series;
(c) the Note Rate with respect to such Series or each Class of such Series and the applicable Default Rate;
(d) the Series Closing Date;
(e) the Series Anticipated Repayment Date, if any;
(f) the Series Legal Final Maturity Date;
(g) the principal amortization schedule with respect to such Series, if any;
(h) each Rating Agency rating such Series;
(i) the name of the Clearing Agency, if any;
(j) the names of the Series Distribution Accounts and any other Series Accounts to be used with respect to such Series and the terms governing the operation of any such account and the use of moneys therein;
(k) the method of allocating amounts deposited into any Series Distribution Account with respect to such Series;
(l) whether the Notes of such Series will be issued in multiple Classes or Subclasses and the rights and priorities of each such Class or Subclass;
(m) any deposit of funds to be made in any Base Indenture Account or any Series Account on the Series Closing Date and whether any such Base Indenture Account or Series Account shall be U.S. Dollar-denominated or Canadian Dollar-denominated;
(n) whether the Notes of such Series may be issued as either Definitive Notes or Book-Entry Notes and any limitations imposed thereon;
(o) whether the Notes of such Series include Senior Notes, Senior Subordinated Notes and/or Subordinated Notes;
(p) whether the Notes of such Series include Class A-1 Notes or subfacilities of Class A-1 Notes issued pursuant to a Class A-1 Note Purchase Agreement; and
(q) any other relevant terms of such Series of Notes (all such terms, the “Principal Terms” of such Series).
Series Supplement for Each Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which shall include, as applicable: (i) its name or designation, (ii) the Initial Aggregate Note Balance or the method for determining the Aggregate Note Balance of the Notes if such Series will have a variable principal amount, (iii) the Note Rate (or the method for allocating interest payments or other cash flows to such Series) with respect to such Series, (iv) the interest payment date or dates (if other than a Payment Date) and the date or dates from which interest shall accrue, (v) the method of allocating Collections with respect to such Series and the method by which the principal amount of Notes of such Series shall amortize or accrete, (vi) the names of any Series Accounts to be used by such Series and the terms governing the operation of any such accounts, (vii) the terms of any Enhancement with respect to such Series, (viii) the Enhancement Provider with respect to such Series, if any, (ix) the name of the Clearing Agency, if any, or Foreign Clearing Agency, if any, (x) the terms on which the Notes of such Series may be redeemed, repurchased or remarketed to other investors, (xi) whether the Notes of such Series will be issued in multiple Classes and, if so, the rights and priorities of each such Class, and (xii) any other relevant terms of such Series of Notes that do not conflict with the provisions of this 2007-1 Base Indenture (all such terms, the “Principal Terms” of such Series).
Series Supplement for Each Series. (a) In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which shall include, as applicable: (i) its name or designation,
Series Supplement for Each Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement (and, in the case of Class A-1 Notes, a Variable Funding Note Purchase Agreement), which document(s) shall specify the relevant terms with respect to such new Series of Notes, which may include, without limitation: (a) its name or designation; (b) the Initial Principal Amount with respect to such new Series of Notes or, to the extent applicable, each Class, Subclass or Tranche of such new Series of Notes; (c) the Note Rate with respect to such new Series of Notes or, to the extent applicable, each Class, Subclass or Tranche of such new Series and the applicable default rate; (d) the Series Closing Date; (e) the Series Anticipated Repayment Date with respect to such new Series of Notes or, to the extent applicable, each Class, Subclass or Tranche of such new Series of Notes, if any; (f) the Series Legal Final Maturity Date;
Series Supplement for Each Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which may include, without limitation:
(a) the name or designation of such Series;
(b) the Initial Principal Amount (or the method of calculating the Initial Principal Amount) with respect to such Series;
(c) the Note Rate with respect to such Series or each Class of such Series and the applicable default rate;
(d) the Series Closing Date;
(e) the Series Anticipated Repayment Date, if any;
(f) the Series Legal Final Maturity Date;
(g) the principal amortization schedule with respect to such Series, if any;
(h) the name of the Clearing Agency for such Series, if any;
(i) any deposit of funds to be made in any Indenture Trust Account on the Series Closing Date; and
(j) any other relevant terms of such Series of Notes (all such terms in clauses (a) through (j) of this Section 2.3, the “Principal Terms” of such Series).
Series Supplement for Each Series. In conjunction with the issuance of a new Series, the parties hereto shall execute a Series Supplement, which shall specify the relevant terms with respect to such new Series of Notes, which may include, without limitation: Table of Contents
(1) its name or designation;
(2) the Initial Invested Amount or the method of calculating the Initial Invested Amount with respect to such Series;
(3) the Note Rate with respect to such Series;
(4) the Series Closing Date;
(5) the interest payment date or dates and the date or dates from which interest shall accrue;
(6) the method of allocating Collections allocated to such Series;
(7) whether the Notes of such Series will be issued in multiple Classes and, if so, the method of allocating Collections allocated to such Series among such Classes and the rights and priorities of each such Class;
(8) the method by which the principal amount of the Notes of such Series shall amortize or accrete;
(9) the names of any Series Accounts to be used by such Series and the terms governing the operation of any such account and the use of moneys therein;
(10) any deposit of funds to be made in any Series Account on the Series Closing Date;
(11) the terms of any related Enhancement and the Enhancement Provider thereof, if any;
(12) the form of the Notes and whether the Notes may be issued in bearer form and any limitations imposed thereon;
(13) the Series Termination Date of such Series; and
(14) any other relevant terms of such Series of Notes (including whether or not such Series will be pledged as collateral for an issuance by an Affiliate Issuer) that do not change the terms of any Series of Notes Outstanding (all such terms, the “Principal Terms” of such Series).
