Common use of Notes Payable on Redemption Date Clause in Contracts

Notes Payable on Redemption Date. A notice of redemption having been given as aforesaid, this Note shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) shall cease to bear interest. Upon surrender of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for the Note is not paid in full on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of the Redemption Price shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to apply.

Notes Payable on Redemption Date. A The Notes to be redeemed shall, following notice of redemption having been given as aforesaidpursuant to this Article, this Note shall become due and payable on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Price) no interest shall cease accrue on the Redemption Price for any period after the date to bear interest. Upon surrender which accrued interest is calculated for purposes of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at calculating the Redemption Price. If this Note is called for there are not sufficient funds in the Collection Account on the Payment Date on which the Notes are to be redeemed available to pay the Redemption Price, the notice of redemption shall be deemed to have been revoked and the Redemption Price for the Note is Notes shall not paid in full be redeemed on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company Date. Payments will be required to comply made on such Payment Date in accordance with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments 5.5 of the Redemption Price Sale and Servicing Agreement as though no notice of redemption had been given and the Notes shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to applyRate.

Notes Payable on Redemption Date. A The Notes or portions thereof to be redeemed shall, following notice of redemption having been given as aforesaidpursuant to this Article X, this Note shall become due and payable on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Price) no interest shall cease accrue on the Redemption Price for any period after the date to bear interest. Upon surrender which accrued interest is calculated for purposes of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at calculating the Redemption Price. If this Note is called for there are not sufficient funds in the Collection Account on the Payment Date on which the Notes are to be redeemed available to pay the Redemption Price, the notice of redemption shall be deemed to have been revoked and the Redemption Price for the Note is Notes shall not paid in full be redeemed on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company Date. Payments will be required to comply made on such Payment Date in accordance with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments 4.7 of the Redemption Price Sale and Servicing Agreement as though no notice of redemption had been given and the Notes shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to applyClass A Interest Rate.

Notes Payable on Redemption Date. A notice of redemption having been given as aforesaid, unless converted, this Note shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) shall cease to bear interest. Upon surrender of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for the Note is not paid in full on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of the Redemption Price shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to apply. 2 Insert date that is 3 years after the Closing Date.

Notes Payable on Redemption Date. A notice of redemption having been given as aforesaid, unless converted, this Note shall on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price) shall cease to bear interest. Upon surrender of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for the Note is not paid in full on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of the Redemption Price shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to apply.

Notes Payable on Redemption Date. A The Notes or portions thereof to be redeemed shall, following notice of redemption having been given as aforesaidpursuant to this Article X, this Note shall become due and payable on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Price) no interest shall cease accrue on the Redemption Price for any period after the date to bear interest. Upon surrender which accrued interest is calculated for purposes of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at calculating the Redemption Price. If this Note is called for there are not sufficient funds in the Collection Account on the Payment Date on which the Notes are to be redeemed available to pay the Redemption Price, the notice of redemption shall be deemed to have been revoked and the Redemption Price for the Note is Notes shall not paid in full be redeemed on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company Date. Payments will be required to comply made on such Payment Date in accordance with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments 4.5 of the Redemption Price Sale and Servicing Agreement as though no notice of redemption had been given and the Notes shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note shall continue to applyClass A Interest Rate.

Notes Payable on Redemption Date. A notice Notice of redemption having been given as aforesaidprovided in Section 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 14.4 hereof, this Note the Notes shall on the Redemption Date Date, become due and payable at the Redemption Price therein specifiedPrice, and from and after and, on such date (unless the Company shall default in the payment of the Redemption Price) Date, such Notes shall cease to bear accrue interest. Upon surrender of this Note for redemption The Indenture Trustee shall apply all available funds in accordance with said notice, this Note Section 6.6(b) hereof and the Noteholders shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for by the Note is not paid in full Indenture Trustee on behalf of the Servicer or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee; provided, that if the Redemption Date upon surrender thereof for redemptionis prior to the Facility Termination Date, then the Redemption Date Noteholders shall be deemed retain their Notes and shall not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order present and surrender the same. If the Servicer or the Issuer, as the case may be, shall have failed to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of deposit the Redemption Price shall be allocated first to any accrued with the Indenture Trustee, the principal and unpaid interest with respect to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note Notes shall, until paid, continue to bear accrue interest at the rate prescribed hereinSOFR Bank Rate. The Servicer’s or the Issuer’s, as the case may be, failure to deposit the Redemption Price shall not constitute an Event of Default hereunder.      [Signature Page to Seventh Amended and all other terms and conditions of this Note shall continue to apply.Restated Indenture]

Notes Payable on Redemption Date. A notice Notice of redemption having been given as aforesaidprovided in Section 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 14.4 hereof, this Note the Notes shall on the Redemption Date Date, become due and payable at the Redemption Price therein specifiedPrice, and from and after and, on such date (unless the Company shall default in the payment of the Redemption Price) Date, such Notes shall cease to bear accrue interest. Upon surrender of this Note for redemption The Indenture Trustee shall apply all available funds in accordance with said notice, this Note Section 6.6(b) hereof and the Noteholders shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for by the Note is not paid in full Indenture Trustee on behalf of the Servicer or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee; provided, that if the Redemption Date upon surrender thereof for redemptionis prior to the Facility Termination Date, then the Redemption Date Noteholders shall be deemed retain their Notes and shall not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order present and surrender the same. If the Servicer or the Issuer, as the case may be, shall have failed to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of deposit the Redemption Price shall be allocated first to any accrued with the Indenture Trustee, the principal and unpaid interest with respect to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note Notes shall, until paid, continue to bear accrue interest at their respective Note Rates. The Servicer’s or the rate prescribed hereinIssuer’s, and all other terms and conditions as the case may be, failure to deposit the Redemption Price shall not constitute an Event of this Note shall continue to applyDefault hereunder.

Notes Payable on Redemption Date. A The Notes to be redeemed shall, following notice of redemption having been given as aforesaidpursuant to this Article, this Note shall become due and payable on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Price) no interest shall cease accrue on the Redemption Price for any period after the date to bear interest. Upon surrender which accrued interest is calculated for purposes of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at calculating the Redemption Price. If this Note is called for there are not sufficient funds in the Collection Account on the Payment Date on which the Notes are to be redeemed available to pay the Redemption Price, the notice of redemption shall be deemed to have been revoked and the Redemption Price for the Note is Notes shall not paid in full be redeemed on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company Date. Payments will be required to comply made on such Payment Date in accordance with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments SECTION 5.5 of the Redemption Price Sale and Servicing Agreement as though no notice of redemption had been given and the Notes shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed hereinClass A Note Rate or Class B Note Rate, and all other terms and conditions of this Note shall continue to applyas applicable.

Notes Payable on Redemption Date. A notice Notice of redemption having been given as aforesaidprovided in Section 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 14.4 hereof, this Note the Notes shall on the Redemption Date Date, become due and payable at the Redemption Price therein specifiedPrice, and from and after and, on such date (unless the Company shall default in the payment of the Redemption Price) Date, such Notes shall cease to bear accrue interest. Upon surrender of this Note for redemption The Indenture Trustee shall apply all available funds in accordance with said notice, this Note Section 6.6(b) hereof and the Noteholders shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for by the Note is not paid in full Indenture Trustee on behalf of the Servicer or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee; provided, that if the Redemption Date upon surrender thereof for redemptionis prior to the Facility Termination Date, then the Redemption Date Noteholders shall be deemed retain their Notes and shall not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order present and surrender the same. If the Servicer or the Issuer, as the case may be, shall have failed to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of deposit the Redemption Price shall be allocated first to any accrued with the Indenture Trustee, the principal and unpaid interest with respect to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note Notes shall, until paid, continue to bear accrue interest at their respective Note Rates. The Servicer’s or the rate prescribed hereinIssuer’s, and all other terms and conditions as the case may be, failure to deposit the Redemption Price shall not constitute an Event of this Note shall continue to apply.Default hereunder.    

Notes Payable on Redemption Date. A notice Notice of redemption having been given as aforesaidprovided in Section 14.3 hereof and deposit of the Redemption Price with the Indenture Trustee having been made as provided in Section 14.4 hereof, this Note the Notes shall on the Redemption Date Date, become due and payable at the Redemption Price therein specifiedPrice, and from and after and, on such date (unless the Company shall default in the payment of the Redemption Price) Date, such Notes shall cease to bear accrue interest. Upon surrender of this Note for redemption The Indenture Trustee shall apply all available funds in accordance with said notice, this Note Section 6.6(b) hereof and the Noteholders shall be paid by the Company at the Redemption Price. If this Note is called for redemption and the Redemption Price for by the Note is not paid in full Indenture Trustee on behalf of the Servicer 84 or the Issuer, as the case may be, upon presentment and surrender of their Notes at the office of the Indenture Trustee; provided, that if the Redemption Date upon surrender thereof for redemptionis prior to the Facility Termination Date, then the Redemption Date Noteholders shall be deemed retain their Notes and shall not to have occurred and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order present and surrender the same. If the Servicer or the Issuer, as the case may be, shall have failed to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of deposit the Redemption Price shall be allocated first to any accrued with the Indenture Trustee, the principal and unpaid interest with respect to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note Notes shall, until paid, continue to bear accrue interest at their respective Note Rates. The Servicer’s or the rate prescribed hereinIssuer’s, and all other terms and conditions as the case may be, failure to deposit the Redemption Price shall not constitute an Event of this Note shall continue to applyDefault hereunder.

Notes Payable on Redemption Date. A notice Notice of redemption having been given as aforesaid, this Note shall the Notes to be redeemed shall, on the Redemption Date Date, become due and payable at the Redemption Price therein specified, specified and from on and after such date (unless the Company shall default in the payment of the Redemption Price) such Notes shall cease to bear interest, if any. Upon surrender of this any such Note for redemption in accordance with said such notice, this such Note shall be paid by the Company at the Redemption Price. If this Note , provided, however, that instalments of interest, if any, on Notes whose Stated Maturity is called for redemption and the Redemption Price for the Note is not paid in full on the Redemption Date upon surrender thereof for redemption, then or prior to the Redemption Date shall be deemed not payable to have occurred the Holders of such Notes, or one or more Predecessor Notes, registered as such on the relevant Regular Record Date according to their terms and in that case (x) the Company will be required to comply with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments of the Redemption Price shall be allocated first to any accrued and unpaid interest 4.11. Interest accruing on or prior to the Redemption Date and then on Notes to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed herein, and all other terms and conditions of this Note be redeemed shall continue to applybe payable (to the extent not previously paid) (but without interest thereon, unless the Company shall default in the due payment or provision for payment thereof) to the Holders thereof according to their terms in the customary manner.

Notes Payable on Redemption Date. A The Notes or portions thereof to be redeemed shall, following notice of redemption having been given as aforesaidpursuant to this Article X, this Note shall become due and payable on the Redemption Date become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company Issuer shall default in the payment of the Redemption Price) no interest shall cease accrue on the Redemption Price for any period after the date to bear interest. Upon surrender which accrued interest is calculated for purposes of this Note for redemption in accordance with said notice, this Note shall be paid by the Company at calculating the Redemption Price. If this Note is called for there are not sufficient funds in the Collection Account on the Payment Date on which the Notes are to be redeemed available to pay the Redemption Price, the notice of redemption shall be deemed to have been revoked and the Redemption Price for the Note is Notes shall not paid in full be redeemed on the Redemption Date upon surrender thereof for redemption, then the Redemption Date shall be deemed not to have occurred and in that case (x) the Company Date. Payments will be required to comply made on such Payment Date in accordance with all provisions of this Article 5 in order to redeem this Note as if the notice required by this Section 5.3 had not been delivered, (y) all payments 4.5 of the Redemption Price Sale and Servicing Agreement as though no notice of redemption had been given and the Notes shall be allocated first to any accrued and unpaid interest to the Redemption Date and then to the unpaid principal amount of this Note and (z) the unpaid principal amount of this Note shall, until paid, continue to bear interest at the rate prescribed hereinClass A Interest Rate or Class B Interest Rate, and all other terms and conditions of this Note shall continue to applyas applicable.