Common use of Initial Capital Contribution of Owner Trust Estate Clause in Contracts

Initial Capital Contribution of Owner Trust Estate. On the Closing Date, the Depositor will sell the Receivables and other related property to the Trust in exchange for the Notes and Certificates pursuant to Section 2.1(a) of the Sale and Servicing Agreement. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.

Initial Capital Contribution of Owner Trust Estate. On The Depositor sold, assigned, transferred, conveyed and set over to the Closing DateOwner Trustee, as of December 27, 2023, the Depositor will sell sum of one dollar. The Owner Trustee hereby acknowledges receipt in trust from the Receivables and other related property to the Trust in exchange for the Notes and Certificates pursuant to Section 2.1(a) Depositor, as of December 27, 2023, of the Sale and Servicing Agreementforegoing contribution which constituted the initial Owner Trust Estate. The Depositor shall pay organizational expenses of the Trust as they may arise or shall, upon the request of the Owner Trustee, promptly reimburse the Owner Trustee for any such expenses paid by the Owner Trustee.