Common use of The Initial Advance Notes Clause in Contracts

The Initial Advance Notes. (a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Master Issuer shall issue and shall request the Trustee to authenticate (in the case of Series 2021-1 Class A-1 Advance Notes in the form of definitive notes) or register as described in Section 4.1(e) of the Series 2021-1 Supplement (in the case of Uncertificated Notes) the initial Series 2021-1 Class A-1 Advance Notes, which the Master Issuer shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Closing Date. Such Series 2021-1 Class A-1 Advance Note for each Investor Group shall be dated the their date of authentication or, if an Uncertificated Note, registration, shall be registered in the name of the related Funding Agent or its nominee, as agent for the related Investors, or in such other name or nominee as such Funding Agent may request, shall have a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group, shall have an initial outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 2021-1 Class A-1 Initial Advance Principal Amount, and (other than any Uncertificated Notes) shall be duly authenticated in accordance with the provisions of the Indenture.

The Initial Advance Notes. (a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Master Issuer shall issue and shall request the Trustee to authenticate (in the case of the Series 20212022-1 Class A-1 Advance Notes in the form of definitive notes) or register as described in Section 4.1(e4.01(e) of the Series 20212022-1 Supplement (in the case of Uncertificated Notes) the initial Series 20212022-1 Class A-1 Advance Notes, which the Master Issuer shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Closing Date. Such The Series 20212022-1 Class A-1 Advance Note for each Investor Group Group, shall (i) be dated the their date of authentication or, if an Uncertificated Note, registration, shall (ii) be registered in the name of the related Funding Agent or its nominee, as agent for the related Investors, or in such other name or nominee as such Funding Agent may request, shall (iii) have a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group, shall (iv) have an initial outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 20212022-1 Class A-1 Initial Advance Principal Amount, and (v) other than any Uncertificated Notes) shall , be duly authenticated in accordance with the provisions of the Indenture.

The Initial Advance Notes. (a) On the terms and conditions set forth in the Indenture and this Agreement, and in reliance on the covenants, representations and agreements set forth herein and therein, the Master Issuer shall issue and shall request the Trustee to authenticate (in the case of Series 20212020-1 Class A-1 Advance Notes in the form of definitive notes) or register as described in Section 4.1(e) of the Series 20212020-1 Supplement (in the case of Uncertificated Notes) the initial Series 20212020-1 Class A-1 Advance Notes, which the Master Issuer shall deliver to each Funding Agent on behalf of the Investors in the related Investor Group on the Closing Date. Such Series 20212020-1 Class A-1 Advance Note for each Investor Group shall be dated the their date of authentication or, if an Uncertificated Note, registration, shall be registered in the name of the related Funding Agent or its nominee, as agent for the related Investors, or in such other name or nominee as such Funding Agent may request, shall have a maximum principal amount equal to the Maximum Investor Group Principal Amount for such Investor Group, shall have an initial outstanding principal amount equal to such Investor Group’s Commitment Percentage of the Series 20212020-1 Class A-1 Initial Advance Principal Amount, and (other than any Uncertificated Notes) shall be duly authenticated in accordance with the provisions of the Indenture.