Common use of Class D Notes Clause in Contracts

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2025-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2025-2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 2025-2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 2025-2 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 2025-2 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20252021-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20252021-2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 20252021-2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 20252021-2 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 20252021-2 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20252026-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20252026-2 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 20252026-2 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 20252026-2 1 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 20252026-2 1 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20252026-2 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20252026-2 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 20252026-2 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 20252026-2 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 20252026-2 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20252022-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20252022-2 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 20252022-2 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 20252022-2 1 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 20252022-2 1 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2025-2 4 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2025-2 4 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 2025-2 4 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 2025-2 4 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 2025-2 4 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 20252021-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 20252021-2 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 20252021-2 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 20252021-2 1 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 20252021-2 1 Rapid Amortization Period.

Class D Notes. On each Distribution Date occurring on or after the date a withdrawal is made from the Series 2025-2 1 Collection Account pursuant to Section 2.5(a) or amounts are deposited in the Series 2025-2 1 Distribution Account pursuant to Section 2.5(b), (c) or (d) the Paying Agent shall, in accordance with Section 6.1 of the Base Indenture, pay pro rata to each Class D Noteholder from the Series 2025-2 1 Distribution Account the amount deposited therein pursuant to Section 2.5(a), (b), (c) or (d) less the aggregate amount applied to make the payments required pursuant to Section 2.5(e)(i), Section 2.5(e)(ii) and Section 2.5(e)(iii), to the extent necessary to pay the Class D Controlled Distribution Amount during the Series 2025-2 1 Controlled Amortization Period or to the extent necessary to pay the Class D Invested Amount during the Series 2025-2 1 Rapid Amortization Period.