Common use of Liquidation Period Clause in Contracts

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 2020-1 Ownership Interest, the Revolving Period for the Series 2020-1 Ownership Interest will end and the Liquidation Period for the Series 2020-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 2020-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 2020-1 Ownership Interest.

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20202022-1 Ownership Interest, the Revolving Period for the Series 20202022-1 Ownership Interest will end and the Liquidation Period for the Series 20202022-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20202022-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20202022-1 Ownership Interest.1

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20202023-1 Ownership Interest, the Revolving Period for the Series 20202023-1 Ownership Interest will end and the Liquidation Period for the Series 20202023-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20202023-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20202023-1 Ownership Interest.

Liquidation Period. (1) Subject to the earlier commencement of an Amortization Period with respect to the Series 20202019-1 Ownership Interest, the Revolving Period for the Series 20202019-1 Ownership Interest will end and the Liquidation Period for the Series 20202019-1 Ownership Interest will begin on the Liquidation Commencement Day. The Liquidation Period will end on the earlier of (a) the first Determination Day when the Invested Amount with respect to the Series 20202019-1 Ownership Interest is reduced to zero and (b) the Amortization Commencement Day for the Series 20202019-1 Ownership Interest.