Common use of Undrawn Commitment Fees Clause in Contracts

Undrawn Commitment Fees. From and after the Series 2019-3 Closing Date, Undrawn Commitment Fees will accrue as provided in the Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 2019-3 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 20192016-3 1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture, commencing on August 25, 2016. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20192016-3 1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 20192022-3 1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2022-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 of the Base Indenture. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20192022-3 1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 20192016-3 1 Closing Date, Undrawn Commitment Fees will accrue as provided in the Series 2016-1 Class A-1 Note Purchase Agreement. Such accrued fees will be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Weekly Interim Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 5.14 of the Base Indenture, commencing on June 20, 2016. To the extent any such amount is not paid when due, such unpaid amount will accrue interest at the Series 20192016-3 1 Class A-1 Note Rate.