Common use of Execution, Authentication and Delivery Clause in Contracts

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $265,000,000 of Class A-1 Notes, (ii) $297,000,000479,000,000 of Class A-2 Notes, the Class A-2a Notes for original issue in an aggregate principal amount (iii) $479,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (iv) $94,110,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2019-A Closing Date, one Class A-1 Note, one Class A-2 Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000216,550,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000258,240,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000110,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000279,880,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00097,610,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 30,230,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,120,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000263,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000271,250,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000271,250,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000480,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00090,700,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00044,810,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 42,530,000, and the Class D Notes for original issue in an aggregate principal amount of $29,390,00036,460,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000245,510,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000275,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000205,700,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000456,420,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00096,430,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00036,350,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 33,500,000, and the Class D Notes for original issue in an aggregate principal amount of $29,390,00046,850,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000291,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000443,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00085,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000486,100,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 97,900,000 the Class B Notes for original issue in an aggregate principal amount of $42,210,00040,600,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 32,340,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00024,060,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000310,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000312,300,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000312,300,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000554,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 71,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000217,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000230,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000153,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000297,200,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00099,500,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 31,390,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,740,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class B Notes and Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000200,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000310,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000360,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 80,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2018-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000171,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000268,940,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the 268,940,000 Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00081,820,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 24,900,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00012,450,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, and Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000180,500,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000368,090,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000368,080,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00096,650,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 31,920,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,960,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000345,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000157,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000472,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000630,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 101,250,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, Securities Administrator shall upon Issuer Order, Request authenticate and deliver the each Class A-1 of Notes for original issue in an aggregate initial principal amount equal to the Initial Note Principal Balance or Initial Notional Amount, as applicable, for such Class of $297,000,000, Notes. Each of the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Class A-1 Notes and Class A-2 Notes shall be issuable as registered Notes in book-entry form and the Notes shall be issuable in the minimum denominations initial Note Principal Balances of $5,000 25,000 and in integral multiples of $1,000 1 in excess thereof; provided, that the minimum amounts of any Retained . The Class X-1 Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.15. (e) the minimum initial Notional Amount of $25,000 and in integral multiples of $1 in excess thereof. The Class A-3, Class A-4, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Notes shall be issuable as registered Notes in physical form and the Notes shall be issuable in the minimum initial Note Principal Balances of $25,000 and in integral multiples of $1 in excess thereof. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee Securities Administrator by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000390,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000367,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000220,634,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000454,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 128,366,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000247,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000348,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000348,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000100,750,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00020,260,000, the and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00033,800,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000190,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000145,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000169,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000314,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00059,060,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 27,530,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00013,790,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that and the minimum amounts of any Retained Class B Notes and Class C Notes shall be subject to issuable as registered Notes in the restrictions set forth minimum denomination of $2,000,000 (or such lower amount as may be approved by the Depositor in Section 2.15. (econsultation with tax counsel) and integral multiples of $1,000 in excess thereof. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or electronic signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000296,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000468,700,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000473,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 103,820,000 the Class B Notes for original issue in an aggregate principal amount of $42,210,00033,840,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 30,070,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00024,070,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000260,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000220,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000188,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000408,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00082,330,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 36,380,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,200,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000 in excess thereof, and the Retained Notes shall be issuable in the minimum denominations of $5,000 2,000,000 and in integral multiples of $1,000 in excess thereof; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000245,900,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000233,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000185,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000418,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00081,810,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 36,510,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,300,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000 in excess thereof, and any Retained Notes shall be issuable in the minimum denominations of $5,000 2,000,000 and in integral multiples of $1,000 in excess thereof; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or electronic signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000195,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000363,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000390,600,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000100,020,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 33,030,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00016,520,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000231,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000548,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000485,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000125,310,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00048,190,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 38,400,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00024,100,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000249,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000197,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000241,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 198,106,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00031,896,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained the Class B Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000258,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000343,400,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000378,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000112,280,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00034,560,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 31,360,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00022,400,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000456,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000328,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000268,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000522,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 132,260,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 43,740,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000305,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000135,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000315,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 400,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 95,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000120,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000242,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00050,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000129,890,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00059,560,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the 37,970,000, Class D Notes for original issue in an aggregate principal amount of $29,390,00032,390,000 and Class E Notes for original issue in an aggregate principal amount of $16,750,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b ▇-▇▇, ▇▇▇▇▇ ▇-▇ Notes, Class B Notes, Class C Notes, Class D Notes and Class E Notes outstanding at any time may not exceed such respective amounts except as provided in Section 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and $1,000 increments in excess thereof, and the Class E Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 increments in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, Securities Administrator shall upon Issuer Order, Request authenticate and deliver the each Class A-1 of Notes for original issue in an aggregate initial principal amount equal to the Initial Note Principal Balance or Initial Notional Amount, as applicable, for such Class of $297,000,000, Notes. Each of the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Class A-1, Class A-2, Class A-3 and Class A-4 Notes shall be issuable as registered Notes in book-entry form and the Notes shall be issuable in the minimum denominations initial Note Principal Balances of $5,000 100,000 and in integral multiples of $1,000 1 in excess thereof; provided, that the minimum amounts of any Retained . The Class X Notes shall be subject to issuable as registered Notes in physical form and the restrictions set forth Notes shall be issuable in Section 2.15. (e) the minimum initial Notional Amount of $100,000 and in integral multiples of $1 in excess thereof. The Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Notes shall be issuable as registered Notes in physical form and the Notes shall be issuable in the minimum initial Note Principal Balances or Notional Amounts, as applicable, of $100,000 and in integral multiples of $1 in excess thereof. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee Securities Administrator by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $157,000,000 of Class A-1 Notes, (ii) $297,000,000420,000,000 of Class A-2 Notes, the Class A-2a Notes for original issue in an aggregate principal amount (iii) $345,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (iv) $88,120,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2020-B Closing Date, one Class A-1 Note, one Class A-2 Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000309,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000410,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000535,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00088,790,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00050,790,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 48,370,000, and the Class D Notes for original issue in an aggregate principal amount of $29,390,00033,050,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000291,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000554,800,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000490,300,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 115,200,000 the Class B Notes for original issue in an aggregate principal amount of $42,210,00037,290,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 35,000,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00026,400,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000321,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000320,860,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000263,140,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000555,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 100,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000130,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000285,520,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00090,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000160,930,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 47,210,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00044,700,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, and Class A-3 Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that and the minimum amounts of any Retained Class B Notes and Class C Notes shall be subject to issuable as registered Notes in the restrictions set forth minimum denomination of $2,000,000 (or such lower amount as may be approved by the Depositor in Section 2.15. (econsultation with tax counsel) and integral multiples of $1,000 in excess thereof. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or electronic signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000225,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000475,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000328,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00094,900,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00021,840,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 32,770,000, and the Class D Notes for original issue in an aggregate principal amount of $29,390,00026,710,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000215,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000257,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000257,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 102,340,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00017,810,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000401,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000397,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00080,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000428,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 156,490,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 37,510,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000241,400,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000309,760,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000110,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000419,760,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00089,300,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 36,760,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,380,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000260,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000360,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 354,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 106,810,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual 3 (Nissan 2015-C Indenture) or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000200,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000295,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000300,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 130,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000216,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000280,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000133,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000234,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 125,000,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00021,160,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes Bonds shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes Bonds may be manual or facsimile. (b) Notes . Bonds bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes Bonds or did not hold such offices on such at the date of authentication or date of delivery. (c) such Bonds. The Indenture Trustee shall, shall upon Issuer Order, Request authenticate and deliver the Class A-1 Notes A-1, Class M-1, Class M-2 and Class B Bonds for original issue in an aggregate initial principal amount of $297,000,000, the 199,003,831. The Class A-2a Notes for original issue A-1 Bonds shall be issued in an aggregate initial principal amount of $453,000,000174,503,831, the Class A-2b Notes for original issue M-1 Bonds shall be issued in an aggregate initial principal amount of $70,000,0009,500,000, the Class A-3 Notes for original issue M-2 Bonds shall be issued in an aggregate initial principal amount of $468,000,000, 8,000,000 and the Class A-4 Notes for original issue B Bonds shall be issued in an aggregate initial principal amount of $104,970,000, the 7,000,000. The Class B Notes for original issue A-IO Bonds shall be issued in an aggregate principal initial notional amount of $42,210,000, 25,000,000. Each of the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note Bonds shall be dated the date of its authentication. The Notes Bonds shall be issuable as registered Notes Bonds and the Bonds shall be issuable in the minimum denominations initial Bond Principal Balances or Notional Amounts of $5,000 25,000 and in integral multiples of $1,000 1 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) . No Note Bond shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note Bond a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note Bond shall be conclusive evidence, and the only evidence, that such Note Bond has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000300,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000315,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000214,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000467,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00090,740,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00040,560,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 42,090,000, and the Class D Notes for original issue in an aggregate principal amount of $29,390,00030,610,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000443,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000460,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000240,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000420,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 143,250,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000352,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000219,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000219,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000376,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 83,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2023-B Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000219,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000330,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 351,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 100,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (Nissan 2014-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000263,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000306,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000306,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 100,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 25,000,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000353,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000372,600,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000200,650,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000573,250,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 158,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 42,500,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Offered Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000279,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000145,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000293,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000438,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 95,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000158,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000222,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 336,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 84,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (Nissan 2013-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000190,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000309,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000257,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 127,670,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,940,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained the Class A-1 Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000360,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000350,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000205,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000442,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 142,500,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2017-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $345,000,000 of Class A-1 Notes, (ii) $297,000,000495,000,000 of Class A-2 Notes, the Class A-2a Notes for original issue in an aggregate principal amount (iii) $489,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (iv) $101,264,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2012-A Closing Date, one Class A-1 Note, one Class A-2 Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000480,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000510,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000368,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 98,693,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 43,506,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000243,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000427,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000428,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000130,500,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00025,950,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 22,100,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00023,450,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000296,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000506,670,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000606,670,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000143,290,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00027,190,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 47,370,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00022,810,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $266,000,000 of Class A-1 Notes, (ii) $297,000,000460,000,000 of Class A-2 Notes, the Class A-2a Notes for original issue in an aggregate principal amount (iii) $460,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (iv) $100,253,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2018-A Closing Date, one Class A-1 Note, one Class A-2 Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000175,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000322,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000351,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00076,260,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 31,320,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,650,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, and Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000211,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000348,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the 347,000,000 Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00082,950,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 31,150,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,570,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, and Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000216,100,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000221,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000154,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000316,300,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00084,000,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 31,200,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,650,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class B Notes and Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000186,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000160,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000160,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000354,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 107,600,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00020,730,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000281,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000359,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000429,120,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 101,640,000 the Class B Notes for original issue in an aggregate principal amount of $42,210,00038,320,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 32,160,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00023,260,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000275,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000371,250,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00060,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000431,250,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 112,500,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2019-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000287,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000540,700,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000540,700,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000146,580,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00017,650,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 41,700,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00025,670,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000252,100,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000382,100,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000304,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 261,890,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that any Retained Notes retained by NARC II or NMAC or conveyed to an Affiliate of NARC II or NMAC shall be issued as Definitive Notes and the minimum amounts holder of any such Retained Notes shall be subject to a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000220,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000210,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000175,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000305,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 90,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2016-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000283,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000354,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000120,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000460,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000107,900,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00041,700,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 33,900,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00029,500,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000245,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000275,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000270,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 94,934,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,957,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Request authenticate and deliver the Class A-1 Term Notes for original issue in an aggregate initial principal amount of $297,000,000, the Class A-2a 540,206,000 and Variable Pay Revolving Notes for original issue in an aggregate initial principal amount of $453,000,0002,714,603. The Class A-1 Notes, the Class A-2b A-2 Notes for original issue in and the Class A-3 Notes shall have an aggregate initial principal amount of $70,000,000210,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000158,000,000 and $172,206,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000respectively. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Term Notes shall be issuable as registered Book-Entry Notes and the Variable Pay Revolving Notes shall be issued as Definitive Notes, and each of the Notes shall be issuable in minimum denominations of $5,000 25,000 and in integral multiples of $1,000 in excess thereof; provided, that . Each Class of the minimum amounts of any Retained Variable Pay Revolving Notes shall be subject issued as a single note. Each Class of Variable Pay Revolving Note issued pursuant to Section 2.03 shall be issued with an initial Note Balance equal to the restrictions set forth in Section 2.15. (e) outstanding Note Balance of the related Class of Term Notes as of the related Targeted Final Payment Date. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000237,320,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000309,240,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00065,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000336,770,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00080,300,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 32,400,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00016,200,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000333,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000300,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000230,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, the 530,000,000 and Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000107,000,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000149,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000235,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000235,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 109,676,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,609,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000225,500,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000200,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000266,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000403,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00061,570,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 36,320,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,160,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000139,600,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000181,200,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000125,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000274,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00076,910,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 25,110,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00012,560,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000342,800,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000339,600,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000185,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000524,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 85,000,000 and the Class B Notes for original issue use in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 23,100,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2025-A Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000172,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000356,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000356,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 115,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000323,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000365,400,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000156,600,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000490,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 127,500,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 37,500,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an the following aggregate principal amount amounts: (i) $300,000,000 of Class A-1 Notes, (ii) $297,000,000160,000,000 of Class A-2A Notes, the (iii) $315,000,000 of Class A-2a Notes for original issue in an aggregate principal amount A-2B Notes, (iv) $475,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (v) $77,500,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2A Notes, Class A-2b A-2B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2025-B Closing Date, one Class A-1 Note, one Class A-2A Note, one Class A-2B Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2A Note Balance, the Initial Class A-2B Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000179,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000243,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 343,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 85,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (Nissan 2014-B Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000501,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000560,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000480,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 165,250,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 43,750,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000354,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000352,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000395,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 117,750,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 31,250,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000225,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000272,500,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,00075,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000347,500,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 80,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000197,100,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000188,900,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000188,900,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000317,800,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00061,560,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 30,060,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00015,020,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes, Class A-4 Notes, and Class B Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000244,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000385,010,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000385,010,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000100,230,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 35,090,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00017,550,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof1,000; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $280,000,000 of Class A-1 Notes, (ii) $297,000,000429,000,000 of Class A-2A Notes, the (iii) $184,000,000 of Class A-2a Notes for original issue in an aggregate principal amount A-2B Notes, (iv) $325,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (v) $79,930,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a A-2A Notes, Class A-2b A-2B Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2016-A Closing Date, one Class A-1 Note, one Class A-2A Note, one Class A-2B Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2A Note Balance, the Initial Class A-2B Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000169,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000338,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000337,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00090,000,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00025,000,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 24,000,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00017,000,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue the Notes in an the following aggregate principal amount amounts: (i) $234,000,000 of Class A-1 Notes, (ii) $297,000,000345,000,000 of Class A-2 Notes, the Class A-2a Notes for original issue in an aggregate principal amount (iii) $365,000,000 of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount and (iv) $90,020,000 of $468,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000Notes. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D A-4 Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes notes in book-entry form in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, however, that on the minimum amounts 2018-B Closing Date, one Class A-1 Note, one Class A-2 Note, one Class A-3 Note and one Class A-4 Note may be issued in a denomination that includes any remaining portion of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial A-3 Note Balance and the Initial Class A-4 Note Balance, respectively. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000210,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000467,740,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000416,710,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000104,620,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 37,770,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,900,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000265,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000437,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000437,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000133,100,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00024,700,000, the and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00041,170,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.06. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts thereof (except for one Note of any Retained Notes shall each class which may be subject to the restrictions set forth issued in Section 2.15. (e) a denomination other than an integral multiple of $1,000). No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000161,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000272,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000272,800,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 71,720,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00024,520,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000279,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000280,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000120,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000462,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 87,900,000 and the Class B Notes for original issue use in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 21,100,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; providedprovided that any Retained Notes, that if any, may, at the minimum amounts request of any the Depositor, be issued as Definitive Notes and the holder of such Retained Notes shall be subject a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note may be sold, pledged or otherwise transferred to the restrictions set forth any Person except in accordance with Section 2.15. (e) 2.04 and any attempted sale, pledge or transfer in violation of such Section shall be null and void. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1 or Exhibit A-2 hereto, as applicable, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000454,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000654,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000106,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000486,400,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 152,100,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000270,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000200,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000290,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000, 410,000,000 and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 132,710,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual 3 (Nissan 2015-B Indenture) or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000230,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000200,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000228,500,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000428,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,00089,800,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the 37,000,000 and Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,500,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D C Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Class A-1 Notes, Class A-2 Notes, Class A-3 Notes and Class A-4 Notes shall be issuable as registered Notes in the minimum denomination of $1,000 and integral multiples of $1,000, and the Class B Notes and Class C Notes shall be issuable in the minimum denominations of $5,000 250,000 and in integral multiples of $1,000 in excess thereof1,000; providedprovided further, that the minimum amounts of any Retained Notes shall also be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000296,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000330,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000100,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000428,000,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 96,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.. 3 (NAROT 2016-C Indenture)

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000305,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000405,026,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000189,474,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000527,500,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 133,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 40,000,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000412,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000378,950,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000273,450,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000656,100,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 132,000,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 47,500,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a Notes, the Class A-2b A‑2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Class A Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A-1, Exhibit A-2 or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000230,000,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000194,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000194,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000365,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000113,900,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00028,200,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 31,700,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00018,200,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000365,700,000, the Class A-2a Notes for original issue in an aggregate principal amount of $453,000,000388,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000150,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000472,300,000, and the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the Class B Notes for original issue in an 124,000,000. The aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 Notes, the Class A-2a A-2 Notes, Class A-2b Notes, the Class A-3 Notes, Notes and the Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 25,000 and in any integral multiples multiple of $1,000 in excess thereof; provided, provided that the minimum amounts of any Retained Notes shall be subject to issued as Definitive Notes and the restrictions set forth in Section 2.15. (e) holder of such Retained Notes shall be a Note Owner and a Noteholder for all purposes of this Indenture. Each Note shall be dated the date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit A, as the case may be, executed by the Indenture Trustee by the manual 3 (NAROT 2016-B Indenture) or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer Issuing Entity by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer Issuing Entity shall bind the IssuerIssuing Entity, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, receipt of an Issuing Entity Order authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000168,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000218,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000176,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, the 107,515,000 and Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00014,342,000. The aggregate principal amounts amount of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D B Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) 2.06. Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in the minimum denominations denomination of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) 2.04. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any such individuals have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such date of authentication or date of delivery. (c) The Indenture Trustee shall, upon Issuer Order, authenticate and deliver the Class A-1 Notes for original issue in an aggregate principal amount of $297,000,000219,000,000, the Class A-2a A-2 Notes for original issue in an aggregate principal amount of $453,000,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000396,000,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000425,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000130,630,000, the Class B Notes for original issue in an aggregate principal amount of $42,210,00035,000,000, the Class C Notes for original issue in an aggregate principal amount of $35,430,000 25,000,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,00019,370,000. The aggregate principal amounts of Class A-1 Notes, Class A-2a Notes, Class A-2b A-2 Notes, Class A-3 Notes, Class A-4 Notes, Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes shall be subject to the restrictions set forth in Section 2.15. (e) No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially in the form provided for herein executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.

Execution, Authentication and Delivery. (a) The Notes shall be executed on behalf of the Issuer by any of its Authorized Officers. The signatures signature of any such Authorized Officer of the Issuer on the Notes may be manual or facsimile. (b) . Notes bearing the manual or facsimile signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding whether any that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or did not hold such offices on such at the date of authentication or date of delivery. (c) such Notes. The Indenture Trustee shall, shall upon Issuer Order, Order authenticate and deliver the Class A-1 A‑1 Notes for original issue in an aggregate principal amount of $297,000,000341,000,000, the Class A-2a A‑2a Notes for original issue in an aggregate principal amount of $453,000,000320,800,000, the Class A-2b Notes for original issue in an aggregate principal amount of $70,000,000111,200,000, the Class A-3 Notes for original issue in an aggregate principal amount of $468,000,000334,000,000, the Class A-4 Notes for original issue in an aggregate principal amount of $104,970,000, 111,750,000 and the Class B Notes for original issue in an aggregate principal amount of $42,210,000, the Class C Notes for original issue in an 31,250,000. The aggregate principal amount of $35,430,000 and the Class D Notes for original issue in an aggregate principal amount of $29,390,000. The aggregate principal amounts of Class A-1 A‑1 Notes, the Class A-2a A‑2a Notes, the Class A-2b Notes, the Class A-3 Notes, the Class A-4 Notes, Notes and the Class B Notes, Class C Notes and Class D Notes outstanding at any time may not exceed those such respective amounts except as provided in Section 2.6. (d) Each Note shall be dated the date of its authentication2.05. The Notes shall be issuable as registered Notes in minimum denominations of $5,000 1,000 and in integral multiples of $1,000 in excess thereof; provided, that the minimum amounts of any Retained Notes . Each Note shall be subject to dated the restrictions set forth in Section 2.15. (e) date of its authentication. No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose purpose, unless there appears on such Note a certificate of authentication substantially in the form provided for herein included in Exhibit ▇-▇, ▇▇▇▇▇▇▇ ▇-▇ or Exhibit A-3, as applicable, executed by the Indenture Trustee by the manual or facsimile signature of one of its authorized signatories, and such certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder.