Exchange Note Initial Principal Balance definition

Exchange Note Initial Principal Balance has the meaning stated in Section 2.2(a)(iii) of the Exchange Note Supplement.

Exchange Note Initial Principal Balance for the 2025-A Exchange Note is $1,496,195,876.29;

Exchange Note Initial Principal Balance means $1,030,927,835.05, which is approximately 91.55% of the Initial Pool Balance.

More Definitions of Exchange Note Initial Principal Balance

Exchange Note Initial Principal Balance means $__________, which is approximately [___]% of the 201[__]-[__] Cutoff Date Aggregate Securitization Value.

Exchange Note Initial Principal Balance means $[__________], which is approximately [____]% of the initial Pool Balance.

Exchange Note Initial Principal Balance will be [(A) as of the 20 - Closing Date] $ [and (B) at any time thereafter, the amount specified as the “Exchange Note Initial Principal Balance (Revised)” in the most recently delivered Exchange Note Increase Notice, which amount will be calculated for each such Exchange Note Increase Notice as equal to the product of (x) the Designated Pool Balance immediately after the allocation of additional Collateral Leases and Collateral Leased Vehicles to the 20 - Designated Pool on the “Addition Date” specified in such Exchange Note Increase Notice times (y) %];