Common use of Undrawn Commitment Fees Clause in Contracts

Undrawn Commitment Fees. From and after the Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 2018-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim 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 December 5, 2018. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 2018-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 2018-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 2022-1 Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 20182022-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 5.13 of the Base Indenture, commencing on December 5May 25, 20182022. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182022-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 20182022-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Closing Date, Undrawn Commitment Fees shall will accrue as provided in the Series 2018-1 Class A-1 Note Purchase Agreement. Such accrued fees shall 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 Interim 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 December 5March 15, 2018. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 2018-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall will accrue interest at the Series 2018-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 20182022-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim 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 December June 5, 20182022. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182022-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 20182022-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 2019-1 Closing Date, Undrawn Commitment Fees shall will accrue as provided in the Series 20182019-1 Class A-1 Note Purchase Agreement. Such accrued fees shall 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 Interim 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 December 5, 2018the Quarterly Payment Date in September 2019. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182019-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall will accrue interest at the Series 20182019-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 2022-1 Closing Date, Undrawn Commitment Fees shall accrue as provided in the Series 20182022-1 Class A-1 Note Purchase Agreement. Such accrued fees shall be due and payable in arrears on each Quarterly Payment Date, from amounts that are made available for payment thereof (i) on any related Interim Weekly Allocation Date in accordance with the Priority of Payments and (ii) on such Quarterly Payment Date in accordance with Section 5.12 5.13 of the Base Indenture, commencing on December 5September 15, 20182022. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182022-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall accrue interest at the Series 20182022-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 2021-1 Closing Date, Undrawn Commitment Fees shall will accrue as provided in the Series 20182021-1 Class A-1 Note Purchase Agreement. Such accrued fees shall 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 Interim 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 December 5, 2018the Quarterly Payment Date in September 2021. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182021-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall will accrue interest at the Series 20182021-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Series 2020-1 Closing Date, Undrawn Commitment Fees shall will accrue as provided in the Series 20182020-1 Class A-1 Note Purchase Agreement. Such accrued fees shall 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 Interim 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 December 5, 2018the Quarterly Payment Date in September 2020. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182020-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall will accrue interest at the Series 20182020-1 Class A-1 Note Rate.

Undrawn Commitment Fees. From and after the Closing Date, Undrawn Commitment Fees shall will accrue as provided in the Series 20182015-1 Class A-1 Note Purchase Agreement. Such accrued fees shall 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 Interim 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 December 5September 15, 20182015. To the extent any such amount is not paid on a Quarterly Payment Date when due (a “Series 20182015-1 Class A-1 Quarterly Commitment Fees Shortfall Amount”), such unpaid amount shall will accrue interest at the Series 20182015-1 Class A-1 Note Rate.