Exchange Note Supplement definition
Examples of Exchange Note Supplement in a sentence
However, the Seller’s obligations under this Section with respect to the First-Tier Assets will terminate upon the payment in full of the 2026-A Exchange Note pursuant to the Basic Collateral Agency Agreement and the 2026-A Exchange Note Supplement.
The transactions contemplated by the Basic Collateral Agency Agreement, the 2026-A Exchange Note Supplement, the First-Tier Sale Agreement and the Indenture will be consummated on or prior to the 2026-A Closing Date.
Immediately preceding its sale of the 2026-A Exchange Note to the Purchaser, the Seller was the owner of the 2026-A Exchange Note, free and clear of any claims, and after such sale of the 2026-A Exchange Note to the Purchaser, the Purchaser shall be entitled to all of the rights and benefits of a holder of the 2026-A Exchange Note under the Basic Collateral Agency Agreement and the 2026-A Exchange Note Supplement.
Upon the delivery of the 2026-A Exchange Note to the Issuer or its designee, the rights of the Indenture Trustee, as Registered Pledgee of the 2026-A Exchange Note shall terminate and, pursuant to Section 3.01(d) of the 2026-A Exchange Note Supplement, the 2026-A Reference Pool shall be terminated and the 2026-A Leases and 2026-A Vehicles shall be reallocated to the Revolving Pool.
However, the Seller’s obligations under this Section with respect to the 2026-A Exchange Note will terminate upon the payment in full of the 2026-A Exchange Note pursuant to the Basic Collateral Agency Agreement and the 2026-A Exchange Note Supplement.