Common use of Demand Note Draw Clause in Contracts

Demand Note Draw. If the amount to be deposited in the Series 2024-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 2024-2 Final Distribution Date is less than the Series 2024-2 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 2024-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 2024-2 Demand Notes in an amount equal to the lesser of (x) such insufficiency and (y) the sum of the Class A/B/C Letter of Credit Amount and the Class D Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2024-2 Demand Notes to be deposited into the Series 2024-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242010-2 4 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242010-2 4 Final Distribution Date is less than the Series 20242010-2 Senior 4 Invested Amount and there are any MultiSeries 2010-Series 4 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242010-2 4 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242010-2 4 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2010-4 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242010-2 4 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242010-2 4 Demand Notes to be deposited into the Series 20242010-2 4 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242011-2 3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242011-2 3 Final Distribution Date is less than the Series 20242011-2 Senior 3 Invested Amount and there are any MultiSeries 2011-Series 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242011-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242011-2 3 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2011-3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242011-2 3 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242011-2 3 Demand Notes to be deposited into the Series 20242011-2 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242019-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242019-2 Final Distribution Date is less than the Series 20242019-2 Senior Invested Amount and there are any MultiSeries 2019-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242019-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242019-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2019-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242019-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242019-2 Demand Notes to be deposited into the Series 20242019-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242013-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242013-2 1 Final Distribution Date is less than the Series 20242013-2 Senior 1 Invested Amount and there are any MultiSeries 2013-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242013-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242013-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C B Letter of Credit Amount and the Class D C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242013-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242013-2 1 Demand Notes to be deposited into the Series 20242013-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2024-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 2024-2 Final Distribution Date is less than the Series 2024-2 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 2024-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 2024-2 Demand Notes in an amount equal to the lesser of (x) such insufficiency and (y) the sum of the Class A/B/C Letter of Credit Amount and the Class D Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition 50 thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2024-2 Demand Notes to be deposited into the Series 2024-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242023-2 6 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242023-2 6 Final Distribution Date is less than the Series 20242023-2 6 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242023-2 6 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242023-2 6 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2023-6 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242023-2 6 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242023-2 6 Demand Notes to be deposited into the Series 20242023-2 6 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242017-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242017-2 Final Distribution Date is less than the Series 20242017-2 Senior Invested Amount and there are any MultiSeries 2017-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242017-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242017-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2017-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242017-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the AMERICAS 93983148 (2K) 37 Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242017-2 Demand Notes to be deposited into the Series 20242017-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242025-2 4 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242025-2 4 Final Distribution Date is less than the Series 20242025-2 4 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242025-2 4 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242025-2 4 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2025-4 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242025-2 4 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242025-2 4 Demand Notes to be deposited into the Series 20242025-2 4 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242012-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242012-2 Final Distribution Date is less than the Series 20242012-2 Senior Invested Amount and there are any MultiSeries 2012-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242012-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242012-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2012-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242012-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242012-2 Demand Notes to be deposited into the Series 20242012-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242013-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242013-2 1 Final Distribution Date is less than the Series 20242013-2 Senior 1 Invested Amount and there are any MultiSeries 2013-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242013-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242013-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2013-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242013-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242013-2 1 Demand Notes to be deposited into the Series 20242013-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242019-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242019-2 1 Final Distribution Date is less than the Series 20242019-2 1 Senior Invested Amount and there are any MultiSeries 2019-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242019-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242019-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2019-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242019-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242019-2 1 Demand Notes to be deposited into the Series 20242019-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242018-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242018-2 1 Final Distribution Date is less than the Series 20242018-2 1 Senior Invested Amount and there are any MultiSeries 2018-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242018-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242018-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2018-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242018-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242018-2 1 Demand Notes to be deposited into the Series 20242018-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242016-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242016-2 Final Distribution Date is less than the Series 20242016-2 Senior Invested Amount and there are any MultiSeries 2016-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242016-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242016-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2016-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242016-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242016-2 Demand Notes to be deposited into the Series 20242016-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242013-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242013-2 Final Distribution Date is less than the Series 20242013-2 Senior Invested Amount and there are any MultiSeries 2013-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242013-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242013-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C B Letter of Credit Amount and the Class D C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242013-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242013-2 Demand Notes to be deposited into the Series 20242013-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242015-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242015-2 1 Final Distribution Date is less than the Series 20242015-2 Senior 1 Invested Amount and there are any MultiSeries 2015-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242015-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242015-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2015-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242015-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242015-2 1 Demand Notes to be deposited into the Series 20242015-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242011-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242011-2 1 Final Distribution Date is less than the Series 20242011-2 Senior 1 Invested Amount and there are any MultiSeries 2011-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242011-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242011-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2011-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242011-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242011-2 1 Demand Notes to be deposited into the Series 20242011-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242017-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242017-2 1 Final Distribution Date is less than the Series 20242017-2 1 Senior Invested Amount and there are any MultiSeries 2017-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242017-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242017-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2017-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242017-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242017-2 1 Demand Notes to be deposited into the Series 20242017-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242021-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242021-2 1 Final Distribution Date is less than the Series 20242021-2 1 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242021-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242021-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2021-1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242021-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242021-2 1 Demand Notes to be deposited into the Series 20242021-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242022-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242022-2 1 Final Distribution Date is less than the Series 20242022-2 1 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242022-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242022-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2022-1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242022-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242022-2 1 Demand Notes to be deposited into the Series 20242022-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242021-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242021-2 Final Distribution Date is less than the Series 20242021-2 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242021-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242021-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2021-2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242021-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242021-2 Demand Notes to be deposited into the Series 20242021-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242010-2 3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242010-2 3 Final Distribution Date is less than the Series 20242010-2 Senior 3 Invested Amount and there are any MultiSeries 2010-Series 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242010-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I F on the Demand Note Issuers for payment under the Series 20242010-2 3 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2010-3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242010-2 3 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242010-2 3 Demand Notes to be deposited into the Series 20242010-2 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242012-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242012-2 Final Distribution Date is less than the Series 20242012-2 Senior Invested Amount and there are any MultiSeries 2012-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242012-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242012-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C B Letter of Credit Amount and the Class D C Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242012-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242012-2 Demand Notes to be deposited into the Series 20242012-2 Distribution Account.. NEWYORK ▇▇▇▇▇▇▇ (2K)A&R Series 2012-2 Supplement (Class C Note issuance) 43

Demand Note Draw. If the amount to be deposited in the Series 20242025-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242025-2 1 Final Distribution Date is less than the Series 20242025-2 1 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242025-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242025-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2025-1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242025-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242025-2 1 Demand Notes to be deposited into the Series 20242025-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 2024-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 2024-2 1 Final Distribution Date is less than the Series 2024-2 1 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 2024-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 2024-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2024-1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 2024-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 2024-2 1 Demand Notes to be deposited into the Series 2024-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242025-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242025-2 Final Distribution Date is less than the Series 20242025-2 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242025-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I on the Demand Note Issuers for payment under the Series 20242025-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2025-2 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242025-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242025-2 Demand Notes to be deposited into the Series 20242025-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242018-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242018-2 Final Distribution Date is less than the Series 20242018-2 Senior Invested Amount and there are any MultiSeries 2018-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242018-2 Final Distribution Date, the AMERICAS 96004183 37 Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242018-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2018-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242018-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242018-2 Demand Notes to be deposited into the Series 20242018-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242011-2 5 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242011-2 5 Final Distribution Date is less than the Series 20242011-2 Senior 5 Invested Amount and there are any MultiSeries 2011-Series 5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242011-2 5 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242011-2 5 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2011-5 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242011-2 5 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242011-2 5 Demand Notes to be deposited into the Series 20242011-2 5 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242023-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242023-2 1 Final Distribution Date is less than the Series 20242023-2 1 Senior Invested Amount and there are any Multi-Series Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242023-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242023-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2023-1 Allocated Multi-Series Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242023-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242023-2 1 Demand Notes to be deposited into the Series 20242023-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242013-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242013-2 Final Distribution Date is less than the Series 20242013-2 Senior Invested Amount and there are any MultiSeries 2013-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242013-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I F on the Demand Note Issuers for payment under the Series 20242013-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2013-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242013-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242013-2 Demand Notes to be deposited into the Series 20242013-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242010-2 5 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242010-2 5 Final Distribution Date is less than the Series 20242010-2 Senior 5 Invested Amount and there are any MultiSeries 2010-Series 5 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242010-2 5 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242010-2 5 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2010-5 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242010-2 5 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242010-2 5 Demand Notes to be deposited into the Series 20242010-2 5 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242009-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242009-2 Final Distribution Date Date, is less than the Series 20242009-2 Senior Invested Amount and there are any MultiSeries 2009-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the such Series 20242009-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I F on the Demand Note Issuers for payment under the Series 20242009-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2009-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242009-2 Final Distribution Date Date, deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242009-2 Demand Notes to be deposited into the Series 20242009-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242014-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242014-2 Final Distribution Date is less than the Series 20242014-2 Senior Invested Amount and there are any MultiSeries 2014-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242014-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I F on the Demand Note Issuers for payment under the Series 20242014-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2014-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242014-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242014-2 Demand Notes to be deposited into the Series 20242014-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242020-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242020-2 1 Final Distribution Date is less than the Series 20242020-2 1 Senior Invested Amount and there are any MultiSeries 2020-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242020-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242020-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2020-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242020-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242020-2 1 Demand Notes to be deposited into the Series 20242020-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242012-2 3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242012-2 3 Final Distribution Date is less than the Series 20242012-2 Senior 3 Invested Amount and there are any MultiSeries 2012-Series 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242012-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242012-2 3 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2012-3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242012-2 3 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242012-2 3 Demand Notes to be deposited into the Series 20242012-2 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242010-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242010-2 Final Distribution Date is less than the Series 20242010-2 Senior Invested Amount and there are any MultiSeries 2010-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242010-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I F on the Demand Note Issuers for payment under the Series 20242010-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2010-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242010-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242010-2 Demand Notes to be deposited into the Series 20242010-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242015-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242015-2 Final Distribution Date is less than the Series 20242015-2 Senior Invested Amount and there are any MultiSeries 2015-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242015-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242015-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2015-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242015-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242015-2 Demand Notes to be deposited into the Series 20242015-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242014-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242014-2 1 Final Distribution Date is less than the Series 20242014-2 Senior 1 Invested Amount and there are any MultiSeries 2014-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242014-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242014-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2014-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242014-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242014-2 1 Demand Notes to be deposited into the Series 20242014-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242016-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242016-2 1 Final Distribution Date is less than the Series 20242016-2 Senior 1 Invested Amount and there are any MultiSeries 2016-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242016-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242016-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2016-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242016-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242016-2 1 Demand Notes to be deposited into the Series 20242016-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242012-2 1 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242012-2 1 Final Distribution Date is less than the Series 20242012-2 Senior 1 Invested Amount and there are any MultiSeries 2012-Series 1 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242012-2 1 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242012-2 1 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2012-1 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242012-2 1 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242012-2 1 Demand Notes to be deposited into the Series 20242012-2 1 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242011-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242011-2 Final Distribution Date is less than the Series 20242011-2 Senior Invested Amount and there are any MultiSeries 2011-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242011-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I G on the Demand Note Issuers for payment under the Series 20242011-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2011-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242011-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) 60 consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242011-2 Demand Notes to be deposited into the Series 20242011-2 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242019-2 3 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242019-2 3 Final Distribution Date is less than the Series 20242019-2 3 Senior Invested Amount and there are any MultiSeries 2019-Series 3 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242019-2 3 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242019-2 3 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2019-3 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242019-2 3 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242019-2 3 Demand Notes to be deposited into the Series 20242019-2 3 Distribution Account.

Demand Note Draw. If the amount to be deposited in the Series 20242020-2 Distribution Account in accordance with Section 2.5(a) together with any amounts to be deposited therein in accordance with Section 2.5(b) on the Series 20242020-2 Final Distribution Date is less than the Series 20242020-2 Senior Invested Amount and there are any MultiSeries 2020-Series 2 Letters of Credit on such date, then, prior to 10:00 a.m. (New York City time) on the second Business Day prior to the Series 20242020-2 Final Distribution Date, the Administrator shall instruct the Trustee in writing to make a demand (a “Demand Notice”) substantially in the form attached hereto as Exhibit I H on the Demand Note Issuers for payment under the Series 20242020-2 Demand Notes in an amount equal to the lesser of (xi) such insufficiency and (yii) the sum of the Class A/B/C Letter of Credit Amount and the Class D Series 2020-2 Letter of Credit Amount. The Trustee shall, prior to 12:00 noon (New York City time) on the second Business Day preceding such Series 20242020-2 Final Distribution Date deliver such Demand Notice to the Demand Note Issuers; provided, however, that if an Event of Bankruptcy (or the occurrence of an event described in clause (a) of the definition thereof, without the lapse of a period of sixty (60) consecutive days) with respect to a Demand Note Issuer shall have occurred and be continuing, the Trustee shall not be required to deliver such Demand Notice to such Demand Note Issuer. The Trustee shall cause the proceeds of any demand on the Series 20242020-2 Demand Notes to be deposited into the Series 20242020-2 Distribution Account.