Common use of Specification of Required Subordinated Amount and Adjustments Thereto Clause in Contracts

Specification of Required Subordinated Amount and Adjustments Thereto. (a) For the Class A(2024-1) Notes for any date of determination, the “Class A Required Subordinated Amount of Class B Notes” will be an amount equal to 12.50000% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-1) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-1) Notes shall have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded zero. (b) For the Class A(2024-1) Notes for any date of determination, the “Class A Required Subordinated Amount of Class C Notes” will be an amount equal to 8.12500% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-1) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-1) Notes shall have occurred or if the Class A Usage of the Class C Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount exceeded zero. (c) For the Class A(2024-1) Notes for any date of determination, the “Class A Required Subordinated Amount of Class D Notes” will be an amount equal to 4.37500% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-1) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-1) Notes shall have occurred or if the Class A Usage of the Class D Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-1) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class D Required Subordinated Amount exceeded zero. (d) The Issuer may change the percentage set forth in clause (a) or (b) above without the consent of any Noteholder or any Note Rating Agency, but with written notice to Moody’s (if Xxxxx’x is a Note Rating Agency at the time of such change) at least ten (10) Business Days prior to the effectiveness of such change, so long as, after giving effect to such change, (x) the sum of the percentages set forth in clauses (a) and (b) above after giving effect to such change is equal or greater than the sum of such percentages immediately prior to giving effect to such change, (y) the Class A Required Subordinated Amount of Class B Notes for the Class A(2024-1) Notes does not exceed the Maximum Subordinated Amount of Class B Notes for the Class A(2024-1) Notes and (z) the Class A Required Subordinated Amount of Class C Notes for the Class A(2024-1) Notes is greater than zero. (e) The Issuer may also change the percentage set forth in clause (a), (b) or (c) above without the consent of any Noteholder so long as (i) the Rating Agency Condition shall be satisfied with respect to the change in such percentage, (ii) the Issuer has delivered to the Indenture Trustee and the Note Rating Agencies an Issuer Tax Opinion and (iii) after giving effect to such change, the Class A Required Subordinated Amount of Class C Notes for the Class A(2024-1) Notes is greater than zero.

Specification of Required Subordinated Amount and Adjustments Thereto. (a) For the Class A(2024-12) Notes for any date of determination, the “Class A Required Subordinated Amount of Class B Notes” will be an amount equal to 12.50000% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-12) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-12) Notes shall have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded zero. (b) For the Class A(2024-12) Notes for any date of determination, the “Class A Required Subordinated Amount of Class C Notes” will be an amount equal to 8.12500% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-12) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-12) Notes shall have occurred or if the Class A Usage of the Class C Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount exceeded zero. (c) For the Class A(2024-12) Notes for any date of determination, the “Class A Required Subordinated Amount of Class D Notes” will be an amount equal to 4.37500% of (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes on such date or (ii) if an Early Redemption Event with respect to the Class A(2024-12) Notes shall have occurred, if an Event of Default and acceleration of the Class A(2024-12) Notes shall have occurred or if the Class A Usage of the Class D Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal Amount of the Class A(2024-12) Notes as of close of business on the day immediately preceding the occurrence of such Early Redemption Event, such Event of Default and acceleration or the date on which the Class A Usage of Class D Required Subordinated Amount exceeded zero. (d) The Issuer may change the percentage set forth in clause (a) or (b) above without the consent of any Noteholder or any Note Rating Agency, but with written notice to Moody’s Xxxxx’x (if Xxxxx’x is a Note Rating Agency at the time of such change) at least ten (10) Business Days prior to the effectiveness of such change, so long as, after giving effect to such change, (x) the sum of the percentages set forth in clauses (a) and (b) above after giving effect to such change is equal or greater than the sum of such percentages immediately prior to giving effect to such change, (y) the Class A Required Subordinated Amount of Class B Notes for the Class A(2024-12) Notes does not exceed the Maximum Subordinated Amount of Class B Notes for the Class A(2024-12) Notes and (z) the Class A Required Subordinated Amount of Class C Notes for the Class A(2024-12) Notes is greater than zero. (e) The Issuer may also change the percentage set forth in clause (a), (b) or (c) above without the consent of any Noteholder so long as (i) the Rating Agency Condition shall be satisfied with respect to the change in such percentage, (ii) the Issuer has delivered to the Indenture Trustee and the Note Rating Agencies an Issuer Tax Opinion and (iii) after giving effect to such change, the Class A Required Subordinated Amount of Class C Notes for the Class A(2024-12) Notes is greater than zero.