Common use of Second Extension Election Clause in Contracts

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 2017-1 First Extension Election has been made and become effective, the Manager (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in April 2023 to elect (the “Series 2017-1 Second Extension Election”) to extend the Series 2017-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in April 2024 by delivering written notice to each of the Series 2017-1 Class A-1 Administrative Agents, the Trustee and the Control Party to the effect that the conditions precedent to such Series 2017-1 Second Extension Election have been satisfied. Upon such extension, the Quarterly Payment Date occurring in April 2024 shall become the Series 2017-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii)) of this Series Supplement, if the Series 20172014-1 First Extension Election has been made and become effective, the Manager (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in April 2023 September, 2020 to elect (the “Series 20172014-1 Second Extension Election”) to extend the Series 20172014-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in April 2024 September, 2021 by delivering written notice to each of the Series 2017-1 Class A-1 Administrative AgentsAgent, the Trustee and the Control Party no later than the Quarterly Payment Date occurring in September, 2020 to the effect that the conditions precedent to such Series 20172014-1 Second Extension Election have been satisfied. Upon ; provided that upon such extension, the Quarterly Payment Date occurring in April 2024 September, 2021 shall become the Series 20172014-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 20172024-1 First Extension Election has been made and become effective, the Manager Managers (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in April 2023 October 2030 to elect (the “Series 20172024-1 Second Extension Election”) to extend the Series 20172024-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in April 2024 October 2031 by delivering written notice to each of the Series 20172024-1 Class A-1 Administrative AgentsAgent, the Trustee and the Control Party to the effect that the conditions precedent to such Series 20172024-1 Second Extension Election have been satisfied. Upon ; provided that upon such extension, the Quarterly Payment Date occurring in April 2024 October 2031 shall become the Series 20172024-1 Class A-1 Notes Renewal Date.

Second Extension Election. Subject to the conditions set forth in Section 3.6(b)(iii), if the Series 20172022-1 First Extension Election has been made and become effective, the Manager Managers (on behalf of the Co-Issuers) shall have the option on or before the Quarterly Payment Date occurring in April 2023 October 2028 to elect (the “Series 20172022-1 Second Extension Election”) to extend the Series 20172022-1 Class A-1 Notes Renewal Date to the Quarterly Payment Date occurring in April 2024 October 2029 by delivering written notice to each of the Series 20172022-1 Class A-1 Administrative AgentsAgent, the Trustee and the Control Party to the effect that the conditions precedent to such Series 20172022-1 Second Extension Election have been satisfied. Upon ; provided that upon such extension, the Quarterly Payment Date occurring in April 2024 October 2029 shall become the Series 20172022-1 Class A-1 Notes Renewal Date.