Common use of Termination of Series Supplement Clause in Contracts

Termination of Series Supplement. This Series 2022-1 Supplement shall cease to be of further effect when (i) all Outstanding Series 2022-1 Class A-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 2022-1 Class A-1 Notes that have been replaced or paid) to the Trustee for cancellation (or have been deregistered, in the case of Uncertificated Notes) and all Letters of Credit have expired, have been cash collateralized in full pursuant to the terms of the Series 2022-1 Class A-1 Note Purchase Agreement or are deemed to no longer be outstanding in accordance with Section 4.04 of the Series 2022-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 2022-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 2022-1 Class A-1 Commitments have been terminated and (iii) the Co-Issuers have paid all sums payable hereunder; provided that any provisions of this Series 2022-1 Supplement required for the Series 2022-1 Final Payment to be made shall survive until the Series 2022-1 Final Payment is paid to the Series 2022-1 Class A-1 Noteholders. In accordance with Section 6.1(a) of the Base Indenture, the final principal payment due on each Series 2022-1 Class A-1 Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of such Note at the applicable Corporate Trust Office, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the Manager, the Trustee and their affiliates.

Termination of Series Supplement. This Series 2022-1 Supplement shall cease to be of further effect when (i) all Outstanding Series 20222019-1 Class A-1 3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20222019-1 Class A-1 3 Notes that have been replaced or paid) to the Trustee for cancellation (or have been deregistered, in the case of Uncertificated Notes) and all Letters of Credit have expired, have been cash collateralized in full pursuant to the terms of the Series 2022-1 Class A-1 Note Purchase Agreement or are deemed to no longer be outstanding in accordance with Section 4.04 of the Series 2022-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 2022-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 20222019-1 3 Class A-1 Commitments have been terminated and (iii) the CoIssuer hasCo-Issuers have paid all sums payable hereunder; provided that any provisions of this Series 2022-1 Supplement required for the Series 20222019-1 3 Final Payment to be made shall survive until the Series 20222019-1 3 Final Payment is paid to the Series 20222019-1 Class A-1 3 Noteholders. In accordance with Section 6.1(a) of the Base Indenture, the final principal payment due on each Series 20222019-1 Class A-1 3 Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of such Note at the applicable Corporate Trust Office, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the ManagerManagerManagers, the Trustee and their affiliatesAffiliates. In addition to (and notwithstanding) the terms of Section 12.1 of the Base Indenture, upon the payment in full (whether optional or mandatory) or a redemption in full of the Series 2019-3 Notes as provided hereunder as Defeased Notes, the Obligations of the IssuerCo-Issuers and the Guarantors under the Indenture Documents in respect of such Defeased Notes shall be terminated.

Termination of Series Supplement. This Series 20222018-1 Series Supplement shall cease to be of further effect when (i) all Outstanding Series 20222018-1 Class A-1 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20222018-1 Class A-1 Notes that have been replaced or paid) to the Trustee for cancellation (or have been deregistered, in the case of Uncertificated Notes) and all Letters of Credit have expired, have been cash collateralized in full pursuant to the terms of the Series 20222018-1 Class A-1 Note Purchase Agreement or are deemed to no longer be outstanding in accordance with Section 4.04 of the Series 20222018-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 20222018-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 20222018-1 Class A-1 Commitments have been terminated and (iii) the Co-Issuers have paid all sums payable hereunder; provided that any provisions of this Series 20222018-1 Series Supplement required for the Series 20222018-1 Final Payment to be made shall survive until the Series 20222018-1 Final Payment is paid to the Series 20222018-1 Class A-1 Noteholders. In accordance with Section 6.1(a) of the Base Indenture, the final principal payment due on each Series 20222018-1 Class A-1 Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of such Note at the applicable Corporate Trust Office, which such surrender shall also constitute a general release by the applicable Noteholder from of any claims against the Securitization Entities, the Manager, the Trustee and their respective affiliates.

Termination of Series Supplement. This Series 2022-1 Supplement shall cease to be of further effect when (i) all Outstanding Series 20222019-1 Class A-1 3 Notes theretofore authenticated and issued have been delivered (other than destroyed, lost, or stolen Series 20222019-1 Class A-1 3 Notes that have been replaced or paid) to the Trustee for cancellation (or have been deregistered, in the case of Uncertificated Notes) and all Letters of Credit have expired, have been cash collateralized in full pursuant to the terms of the Series 2022-1 Class A-1 Note Purchase Agreement or are deemed to no longer be outstanding in accordance with Section 4.04 of the Series 2022-1 Class A-1 Note Purchase Agreement, (ii) all fees and expenses and other amounts under the Series 2022-1 Class A-1 Note Purchase Agreement have been paid in full and all Series 20222019-1 3 Class A-1 Commitments have been terminated and (iii) the Co-Issuers have paid all sums payable hereunder; provided that any provisions of this Series 2022-1 Supplement required for the Series 20222019-1 3 Final Payment to be made shall survive until the Series 20222019-1 3 Final Payment is paid to the Series 20222019-1 Class A-1 3 Noteholders. In accordance with Section 6.1(a) of the Base Indenture, the final principal payment due on each Series 20222019-1 Class A-1 3 Note shall only be paid upon due presentment and surrender of such Note for cancellation in accordance with the provisions of such Note at the applicable Corporate Trust Office, which such surrender shall also constitute a general release by the applicable Noteholder from any claims against the Securitization Entities, the ManagerManagers, the Trustee and their affiliatesAffiliates. In addition to (and notwithstanding) the terms of Section 12.1 of the Base Indenture, upon the payment in full (whether optional or mandatory) or a redemption in full of the Series 2019-3 Notes as provided hereunder as Defeased Notes, the Obligations of the Co-Issuers and the Guarantors under the Indenture Documents in respect of such Defeased Notes shall be terminated.