Common use of Rating Letters Clause in Contracts

Rating Letters. The Trustee’s receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and “AA” by S&P and Fitch, (iv) the Class C Notes have been rated at least “A1” by Moody’s and “A+” by S&P and Fitch, (v) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and Fitch, (vi) the Class E Notes have been rated at least “A3” by Moody’s and “A-“ by S&P and Fitch, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and Fitch, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and Fitch, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s and “BBB-“ by S&P and Fitch, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2” by Moody’s and “B” by S&P and Fitch and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trusteedelivery to the Trustee of an Officer’s receipt certificate of the Issuer, to the effect that (i) attached thereto are true and correct copies of (A) a letter signed by each Rating Agency and Standard & Poor’s confirming that the Class A-1 Notes have been rated “AAA” by Standard & Poor’s, the Class A-2 Notes have been rated “AAA” by Standard & Poor’s, the Class A-3 Notes have been rated “AAA” by Standard & Poor’s, the Class B Notes have been rated “AA” by Standard & Poor’s, the Class C Notes have been rated “A” by Standard & Poor’s, the Class D Notes have been rated “BBB” by Standard & Poor’s and the Class E Notes have been rated “BB+” by Standard & Poor’s; (iB) one or more letters signed by Fitch confirming that the Class A-1 Notes have been rated “AAA” by Fitch, the Class A-2 Notes have been rated “AAA” by Fitch, the Class A-3 Notes have been rated “AAA” by Fitch, the Class B Notes have been rated “AA” by Fitch, the Class C Notes have been rated “A” by Fitch, the Class D Notes have been rated “BBB” by Fitch, the Class E Notes have been rated “BB+” by Fitch and the Combination Notes have been rated “AA” by Fitch; and (C) a letter signed by Moody’s confirming that the Class A-1 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and “AA” by S&P and Fitch, (iv) the Class C Notes have been rated at least “A1” by Moody’s and “A+” by S&P and Fitch, (v) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and Fitch, (vi) the Class E Notes have been rated at least “A3” by Moody’s and “A-“ by S&P and Fitch, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and Fitch, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and Fitch, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s and “BBB-“ by S&P and Fitch, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2” by Moody’s and “B” by S&P and Fitch and that such ratings are in full force and effect on the Closing Date’s.

Rating Letters. The Trustee’s 's receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes have been rated “"Aaa” " by Moody’s 's and “"AAA” " by S&P and Fitch, (ii) the Class A-2 Notes have been rated “"Aaa” " by Moody’s 's and “"AAA” " by S&P and Fitch, (iii) the Class B Notes have been rated at least “"Aa2” " by Moody’s 's and “"AA” " by S&P and Fitch, (iv) the Class C Notes have been rated at least “"A1” " by Moody’s 's and “"A+” " by S&P and Fitch, (v) the Class D Notes have been rated at least “"A2” " by Moody’s 's and “"A” " by S&P and Fitch, (vi) the Class E Notes have been rated at least “"A3” " by Moody’s 's and “"A-“ " by S&P and Fitch, (vii) the Class F Notes have been rated at least “"Baa1” " by Moody’s 's and “"BBB+” " by S&P and Fitch, (viii) the Class G Notes have been rated at least “"Baa2” " by Moody’s 's and “"BBB” " by S&P and Fitch, Fitch and (ix) the Class H Notes have been rated at least “"Baa3” " by Moody’s 's and “"BBB-“ by S&P and Fitch, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2” by Moody’s and “B” " by S&P and Fitch and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trustee’s receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes, the Class A-1R Notes, the Class A-2 Notes and the Class A-2R Notes have been rated “Aaa” by Moody’s and ’s, “AAA” by S&P and “AAA” by Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and ’s, “AA” by S&P and “AA” by Fitch, (iviii) the Class C Notes have been rated at least “A1” by Moody’s and ’s, “A+” by S&P and “A+” by Fitch, (viv) the Class D Notes have been rated at least “A2” by Moody’s and ’s, “A” by S&P and “A” by Fitch, (viv) the Class E Notes have been rated at least “A3” by Moody’s ’s, “A-” by S&P and “A-“ ” by S&P and Fitch, (viivi) the Class F Notes have been rated at least “Baa1” by Moody’s and ’s, “BBB+” by S&P and “BBB+” by Fitch, (viiivii) the Class G Notes have been rated at least “Baa2” by Moody’s and ’s, “BBB” by S&P and “BBB” by Fitch, and (ixviii) the Class H Notes have been rated at least “Baa3” by Moody’s and ’s, “BBB-“ by S&P and Fitch, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2BBB-” by Moody’s and “B” by S&P and Fitch Fitch, and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trustee’s 's receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 A-1A Notes have been rated “"Aaa” " by Moody’s 's and “"AAA” " by S&P and Fitch, (ii) the Class A-2 A-1AR Notes have been rated “"Aaa” " by Moody’s 's and “"AAA” " by S&P and Fitch, (iii) the Class B A-2 Notes have been rated at least “Aa2” "Aaa" by Moody’s 's and “AA” "AAA" by S&P and Fitch, (iv) the Class C B Notes have been rated at least “A1” "Aa2" by Moody’s 's and “A+” "AA" by S&P and Fitch, (v) the Class D C Notes have been rated at least “A2” "A1" by Moody’s 's and “A” "A+" by S&P and Fitch, (vi) the Class E D Notes have been rated at least “A3” "A2" by Moody’s 's and “A-“ "A" by S&P and Fitch, (vii) the Class F E Notes have been rated at least “Baa1” "A3" by Moody’s 's and “BBB+” "A-" by S&P and Fitch, (viii) the Class G F Notes have been rated at least “Baa2” "Baa1" by Moody’s 's and “BBB” "BBB+" by S&P and Fitch, (ix) the Class G Notes have been rated at least "Baa2" by Moody's and "BBB" by Fitch and (x) the Class H Notes have been rated at least “"Baa3” " by Moody’s 's and “"BBB-“ " by S&P and Fitch, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2” by Moody’s and “B” by S&P and Fitch and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trustee’s receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes have been rated “Aaa” by Moody’s Xxxxx’x and “AAA” by S&P and FitchS&P, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s Xxxxx’x and “AAA” by S&P and FitchS&P, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s Xxxxx’x and “AA” by S&P and FitchS&P, (iv) the Class C Notes have been rated at least “A1” by Moody’s Xxxxx’x and “A+” by S&P and FitchS&P, (v) the Class D Notes have been rated at least “A2” by Moody’s Xxxxx’x and “A” by S&P and FitchS&P, (vi) the Class E Notes have been rated at least “A3” by Moody’s Xxxxx’x and “A-“ ” by S&P and FitchS&P, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s Xxxxx’x and “BBB+” by S&P and FitchS&P, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s Xxxxx’x and “BBB” by S&P and FitchS&P, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s Xxxxx’x and “BBB-“ ” by S&P and FitchS&P, (viiix) the Class J Notes have been rated at least “Ba3Ba2” by Moody’s Xxxxx’x and “BB” by S&P and Fitch and (ixxi) the Class K Notes have been rated 116 at least “B2” by Moody’s Xxxxx’x and “B” by S&P and Fitch and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trusteedelivery to the Trustee of an Officer’s receipt certificate of the Issuer, to the effect that (A) a letter signed by each Rating Agency and Moody’s confirming that (i) the Class A-1 Notes have been rated “Aaa” by Moody’s and ”, Class A-R Notes have been rated “AAA” by S&P and FitchAaa”, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch”, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and “AA” by S&P and FitchAa1”, (iv) the Class C Notes have been rated at least “A1” by Moody’s and “A+” by S&P and FitchAa2”, (v) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and FitchAa3”, (vi) the Class E Notes have been rated at least “A3” by Moody’s and “A-“ by S&P and FitchA1”, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and FitchA2”, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and FitchA3”, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s and “BBB-“ by S&P and FitchBaa1”, (viii) the Class J Notes have been rated at least “Baa2”, the Class K Notes have been rated at least “Baa3”, the Class L Notes have been rated at least “Ba1”, the Class M Notes have been rated at least “Ba2”, the Class N Notes have been rated at least “Ba3” by Moody’s and (B) a letter signed by Fitch confirming that the Class A-1 Notes have been rated “BB” by S&P and Fitch and (ix) AAA”, Class A-R Notes have been rated “AAA”, Class A-2 Notes have been rated “AAA”, the Class B Notes have been rated at least “AA+”, the Class C Notes have been rated at least “AA”, the Class D Notes have been rated at least “AA-”, the Class E Notes have been rated at least “A+”, the Class F Notes have been rated at least “A”, the Class G Notes have been rated at least “A-”, the Class H Notes have been rated at least “BBB+”, the Class J Notes have been rated at least “BBB”, the Class K Notes have been rated at least “B2BBB-”, the Class L Notes have been rated at least “BB+”, the Class M Notes have been rated at least “BB” by Moody’s and the Class N Notes have been rated at least “B” by S&P and BB-”by Fitch and that (ii) each such ratings are rating is in full force and effect on the Closing Date.

Rating Letters. The Trustee’s receipt of a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and “AA” by S&P and Fitch, (iv) the Class C Notes have been rated at least “A1” by Moody’s and “A+” by S&P and Fitch, (v) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and Fitch, (vi) the Class E Notes have been rated at least “A3” by Moody’s and “A-“ ” by S&P and Fitch, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and Fitch, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and Fitch, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s and “BBB-“ ” by S&P and Fitch, (viiix) the Class J Notes have been rated at least “Ba3Ba2” by Moody’s and “BB” by S&P and Fitch and (ixxi) the Class K Notes have been rated at least “B2” by Moody’s and “B” by S&P and Fitch and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trustee’s receipt of Trustee shall receive a letter signed by each Rating Agency and confirming that (i) the Class A-1 Notes have been rated “Aaa” by Moody’s and ’s, “AAA” by S&P and “AAA” by Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and ’s, “AAA” by S&P and “AAA” by Fitch, (iii) the Class B A-3 Notes have been rated “Aaa” by Moody’s, “AAA” by S&P and “AAA” by Fitch, (iv) the Class B-FL Notes have been rated at least “Aa2” by Moody’s and ’s, at least “AA” by S&P and at least “AA” by Fitch, (ivv) the Class C B-FX Notes have been rated at least “A1Aa2” by Moody’s ’s, at least “AA” by S&P and at least “AA” by Fitch, (vi) the Class C-FL Notes have been rated at least “A+” by S&P and at least “A+” by Fitch, (vvii) the Class C-FX Notes have been rated at least “A+” by S&P and at least “A+” by Fitch, (viii) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and at least “A” by Fitch, (viix) the Class E Notes have been rated at least “A3A-” by Moody’s and “A-“ by S&P and at least “A-” by Fitch, (viix) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and at least “BBB+” by Fitch, (viiixi) the Class G G-FL Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and at least “BBB” by Fitch, (ixxii) the Class H G-FX Notes have been rated at least “Baa3BBB” by Moody’s and “BBB-“ by S&P and at least “BBB” by Fitch, (viiixiii) the Class H-FL Notes have been rated at least “BBB-” by S&P and at least “BBB-” by Fitch, (xiv) the Class H-FX Notes have been rated at least “BBB-” by S&P and at least “BBB-” by Fitch, (xv) the Class J Notes have been rated at least “Ba3” by Moody’s and “BBBB-” by S&P and at least “BB-” by Fitch and (ixxvi) the Class K Notes have been rated at least “B2CCC-” by Moody’s and “B” by S&P and Fitch S&P, and that such ratings are in full force and effect on the Closing Date.

Rating Letters. The Trusteedelivery to the Trustee of an Officer’s receipt certificate of the Issuer, to the effect that (i) attached thereto are true and correct copies of (A) a letter signed by each Rating Agency and S&P confirming that the Class A-1 Notes have been rated “AAA”, Class A-R Notes have been rated “AAA”, Class A-2 Notes have been rated “AAA”, the Class B Notes have been rated at least “AA”, the Class C Notes have been rated at least “A+”, the Class D Notes have been rated at least “A-”, the Class E Notes have been rated at least “BBB+”, the Class F Notes have been rated at least “BBB”, the Class G Notes have been rated at least “BBB-”, each of the Class H Notes and Class J Notes have been rated at least “BB” and the Class K Notes have been rated at least “B” by S&P, (iB) a letter signed by Moody’s confirming that the Class A-1 Notes have been rated “Aaa” by Moody’s and ”, Class A-R Notes have been rated “AAA” by S&P and FitchAaa”, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch”, (iii) the Class B Notes have been rated at least “Aa2” by Moody’s and “AA” by S&P and Fitch”, (iv) the Class C Notes have been rated at least “A1” by Moody’s and “A+” by S&P and Fitch”, (v) the Class D Notes have been rated at least “A2” by Moody’s and “A” by S&P and FitchA3”, (vi) the Class E Notes have been rated at least “A3” by Moody’s and “A-“ by S&P and FitchBaa1”, (vii) the Class F Notes have been rated at least “Baa1” by Moody’s and “BBB+” by S&P and FitchBaa2”, (viii) the Class G Notes have been rated at least “Baa2” by Moody’s and “BBB” by S&P and FitchBaa3”, (ix) the Class H Notes have been rated at least “Baa3” by Moody’s and “BBB-“ by S&P and FitchBa2”, (viii) the Class J Notes have been rated at least “Ba3” by Moody’s and “BB” by S&P and Fitch and (ix) the Class K Notes have been rated at least “B2” by Moody’s and (C) a letter signed by Fitch confirming that the Class A-1 Notes have been rated “AAA”, Class A-R Notes have been rated “AAA”, Class A-2 Notes have been rated “AAA”, the Class B Notes have been rated at least “AA”, the Class C Notes have been rated at least “A+”, the Class D Notes have been rated at least “A-”, the Class E Notes have been rated at least “BBB+”, the Class F Notes have been rated at least “BBB”, the Class G Notes have been rated at least “BBB-”, each of the Class H Notes and the Class J Notes have been rated at least “BB” and the Class K Notes have been rated at least “B” by S&P and Fitch and that (ii) each such ratings are rating is in full force and effect on the Closing Date.

Rating Letters. The TrusteeAn Officer’s receipt certificate of a letter the Issuer to the effect that attached thereto are true and correct copies of letters signed by each Rating Agency Xxxxx’x, S&P and Fitch and confirming that (i) the Class A-1 A Notes have been rated “Aaa” by Moody’s Xxxxx’x and “AAA” by S&P and Fitch, (ii) the Class A-2 Notes have been rated “Aaa” by Moody’s and “AAA” by S&P and Fitch, (iii) that the Class B Notes have been rated at least “Aa2” by Moody’s Xxxxx’x and at least “AA” by S&P and Fitch, (iv) that the Class C Notes have been rated at least “A1” by Moody’s Xxxxx’x and at least “A+” by S&P and Fitch, (v) that the Class D Notes have been rated at least “A2A3” by Moody’s Xxxxx’x and at least “AA-” by S&P and “A+” by Fitch, (vi) that the Class E Notes have been rated at least “A3Baa1” by Moody’s Xxxxx’x and at least “BBB+” by S&P and “A-“ ” by S&P and Fitch, (vii) that the Class F Notes have been rated at least “Baa1” by Moody’s Xxxxx’x and at least “BBB+BBB” by S&P and “A-” by Fitch, (viii) that the Class G Notes have been rated at least “Baa2Baa3” by Moody’s Xxxxx’x and at least “BBBBBB-” by S&P and BBB+ by Fitch, (ix) that the Class H Notes have been rated at least “Baa3BBB-” by Moody’s and “BBB-“ by S&P and at least “BBB+” by Fitch, (viii) that the Class J Notes have been rated at least “Ba3Ba2” by Moody’s Xxxxx’x and at least “BB” by S&P and Fitch “BBB-” by Fitch, and (ix) that the Class K Notes have been rated at least “B2” by Moody’s Xxxxx’x and at least “B” by S&P and Fitch “BB” by Fitch, and that such ratings are in full force and effect on the Closing Date.