Common use of Reserve Account Step-up Deposit Clause in Contracts

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - Reserve Account Required Amount in the Series 20 - Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2020-1 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2020-1 Reserve Account Required Amount in the Series 20 - 2020-1 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2020-1 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2018-2 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2018-2 Reserve Account Required Amount in the Series 20 - 2018-2 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2018-2 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2019-4 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2019-4 Reserve Account Required Amount in the Series 20 - 2019-4 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2019-4 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2017-1 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2017-1 Reserve Account Required Amount in the Series 20 - 2017-1 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2017-1 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2020-2 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2020-2 Reserve Account Required Amount in the Series 20 - 2020-2 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2020-2 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2017-3 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2017-3 Reserve Account Required Amount in the Series 20 - 2017-3 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2017-3 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2017-2 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2017-2 Reserve Account Required Amount in the Series 20 - 2017-2 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2017-2 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2016-3 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2016-3 Reserve Account Required Amount in the Series 20 - 2016-3 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2016-3 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2018-4 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2018-4 Reserve Account Required Amount in the Series 20 - 2018-4 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2018-4 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2016-1 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2016-1 Reserve Account Required Amount in the Series 20 - 2016-1 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2016-1 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2019-3 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2019-3 Reserve Account Required Amount in the Series 20 - 2019-3 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2019-3 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2019-1 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2019-1 Reserve Account Required Amount in the Series 20 - 2019-1 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2019-1 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2016-4 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2016-4 Reserve Account Required Amount in the Series 20 - 2016-4 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2016-4 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2019-2 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2019-2 Reserve Account Required Amount in the Series 20 - 2019-2 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2019-2 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2016-5 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2016-5 Reserve Account Required Amount in the Series 20 - 2016-5 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2016-5 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2018-3 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2018-3 Reserve Account Required Amount in the Series 20 - 2018-3 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2018-3 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.

Reserve Account Step-up Deposit. On or before the first day of any Subordination Step-up Period, the Depositors may elect to increase the Series 20 - 2018-1 Reserve Account Required Percentage for that Subordination Step-up Period instead of increasing the Subordination Factor, by (i) notifying the Servicer and the Indenture Trustee of the election and (ii) depositing the amount of the related increase of the Series 20 - 2018-1 Reserve Account Required Amount in the Series 20 - 2018-1 Reserve Account. However, if the Depositors fail to deposit the amount of the increase in the Series 20 - 2018-1 Reserve Account on or before the Payment Date of that Subordination Step-up Period, the Subordination Factor will automatically increase according to the definition of Subordination Factor.