Class A-1 Notes Renewal Date definition

Class A-1 Notes Renewal Date means, with respect to any Series of Class A-1 Notes, the date identified as the “Class A-1 Notes Renewal Date” in the applicable Series Supplement.

Class A-1 Notes Renewal Date means, with respect to any Series of Class A-1 Notes, the date identified as the “Class A-1 Notes Renewal Date” in the applicable Series Supplement or Variable Funding Note Purchase Agreement. “Class A-1 Notes Voting Amount” has the meaning set forth in Section 2.1(b)(i) of the Base Indenture or Variable Funding Note Purchase Agreement. “Class A-1 Quarterly Commitment Fee Amounts” means, for any Interest Accrual Period, with respect to each Series of Class A-1 Notes Outstanding, the aggregate amount of commitment fees due and payable, with respect to such Interest Accrual Period, on such Series of Class A-1 Notes that is identified as “Class A-1 Quarterly Commitment Fee Amounts” in the applicable Series Supplement or Variable Funding Note Purchase Agreement.

Class A-1 Notes Renewal Date in the applicable Series Supplement or Variable Funding Note Purchase Agreement. “Class A-1 Notes Voting Amount” has the meaning set forth in Section 2.1(b)(i) of the Base Indenture or Variable Funding Note Purchase Agreement. “Class A-1 Quarterly Commitment Fee Amounts” means, for any Interest Accrual Period, with respect to each Series of Class A-1 Notes Outstanding, the aggregate amount of commitment fees due and payable, with respect to such Interest Accrual Period, on such Series of Class A-1 Notes that is identified as “Class A-1 Quarterly Commitment Fee Amounts” in the applicable Series Supplement or Variable Funding Note Purchase Agreement.

Examples of Class A-1 Notes Renewal Date in a sentence

• Subject to Section 3.6(b)(iii), upon delivery of such notice certifying that the conditions precedent to such Series 2020-1 Second Extension Election have been satisfied, the Quarterly Payment Date occurring in December 2027 shall become the Series 2020-1 Class A-1 Notes Renewal Date.

• Upon such extension, the Quarterly Payment Date occurring in April 2024 shall become the Series 2017-1 Class A-1 Notes Renewal Date.

• Upon such extension, the Quarterly Payment Date occurring in April 2023 shall become the Series 2017-1 Class A-1 Notes Renewal Date.

• Subject to Section 3.6(b)(iii), upon delivery of such notice certifying that the conditions precedent to such Series 2018-1 First Extension Election have been satisfied, the Quarterly Payment Date occurring in December 2022 shall become the Series 2018-1 Class A-1 Notes Renewal Date.

• From and after the Series 2019-1 Class A-1 Notes Renewal Date, if the Series 2019-1 Final Payment has not been made, additional interest will accrue on the Series 2019-1 Class A-1 Outstanding Principal Amount (excluding any Undrawn L/C Face Amounts included therein) at an annual rate equal to 5.00% per annum (the “Series 2019-1 Class A-1 Post-Renewal Date Contingent Interest Rate”) in addition to the regular interest that will continue to accrue at the Series 2019-1 Class A-1 Note Rate.

• The initial Series 2016-1 Class A-1 Notes Renewal Date will be the Payment Date occurring in May 2021, unless extended as provided below in this Section 3.6(b).

• On each Weekly Allocation Date, if the Series 2019-3 Class A-1 Notes Renewal Date has not occurred, the Issuer (or the Manager on its behalf) shall instruct the Trustee in writing to allocate from the Collection Account any outstanding amounts due and payable in respect of the Outstanding Principal Amount of the Series 2019-3 Class A-1 Notes pursuant to, and to the extent that funds are available therefor in accordance with the provisions of, the Priority of Payments.

• Upon such extension, the Quarterly Payment Date occurring in December 2023 shall become the Series 2018-1 Class A-1 Notes Renewal Date.

• The initial Series 2016-1 Class A-1 Notes Renewal Date will be the Quarterly Payment Date occurring in May 2021, unless extended as provided below in this Section 3.6(b).

• Subject to Section 3.6(b)(iii), upon delivery of such notice certifying that the conditions precedent to such Series 2020-1 First Extension Election have been satisfied, the Quarterly Payment Date occurring in December 2026 shall become the Series 2020-1 Class A-1 Notes Renewal Date.