Class C(2020-3) Adverse Event means the occurrence of any of the following: (a) an Early Redemption Event with respect to the Class C(2020-3) Notes or (b) an Event of Default and acceleration of the Class C(2020-3) Notes; provided, however, that if the only such event to have occurred is an Excess Spread Early Redemption Event for which an Excess Spread Early Redemption Cure has occurred, a Class C(2020-3) Adverse Event shall not be treated as continuing from and after the date of such cure.