Common use of Voting by Noteholders Clause in Contracts

Voting by Noteholders. (a) The Voting Rights shall be allocated among the respective Classes of Notes in proportion to the aggregate Class Principal Balances of all Classes of Outstanding Notes. Voting Rights allocated to a Class of Notes are allocated among the Notes of such Class in proportion to the Percentage Interests in such Class evidenced thereby. Notes held by the Co-Issuers or any of their Affiliates shall be deemed not to be outstanding for purposes of calculating Voting Rights. The Series 2021-1 Class A-1 Commitment Amount shall be deemed to be fully drawn for all voting purposes under this Base Indenture. (b) Except as otherwise provided herein or in any Indenture Supplement, all resolutions of Noteholders shall be passed by votes representing more than 50% of the Voting Rights of Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC procedures.

Voting by Noteholders. (a) The 100% of the Voting Rights shall will be allocated among the respective Classes of Notes in proportion according to the ratio of the Class Principal Balance of each Class of Outstanding Notes to the aggregate Class Principal Balances of all Classes of Outstanding Notes. Voting Rights allocated to a Class of Notes are will be allocated among the Notes of such Class in proportion to the Percentage Interests Interest in such Class evidenced thereby. Notes held by the Co-Issuers Issuer or any of their Affiliates shall be deemed not to be outstanding for purposes of calculating Outstanding in determining Voting Rights. The Series 2021-1 Class A-1 Commitment Amount shall be deemed to be fully drawn for all voting purposes under this Base Indenture. (b) Except as otherwise provided herein in this Indenture or in any Indenture Series Supplement, all resolutions of Noteholders shall be passed by votes Noteholders representing more than fifty percent (50% %) of the Voting Rights aggregate Class Principal Balances of all Classes of Outstanding Notes. Book-Entry Notes shall be voted by the Depositary on behalf of the Beneficial Owners thereof in accordance with written instructions received in accordance with applicable DTC proceduresprocedures of the Depositary.