Final Scheduled Maturity Date shall mean the January 2027 Distribution
Financed Vehicle shall mean a new or used motor vehicle, together with all accessions thereto, securing an
Obligors indebtedness under a Receivable.
Fiscal Year shall mean the
12-month period ending on the last day in February in each year.
mean Fitch Ratings, Inc.
Grant shall mean to mortgage, pledge, bargain, sell, warrant, alienate, remise, release,
convey, assign, transfer, create, and to grant a lien upon and a security interest in and right of set-off against, and to deposit, set over and confirm pursuant to the Indenture. A Grant of the Collateral or
of any other agreement or instrument shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for
principal and interest payments in respect of the Collateral and all other monies payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring Proceedings
in the name of the granting party or otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto.
Holder shall mean a Noteholder or a Certificateholder, as the case may be.
Indemnified Parties shall have the meaning specified in Section 8.2 of the Trust Agreement.
Indenture shall mean the Indenture, dated as of July 1, 2020, between the Trust and the Indenture Trustee, as amended,
supplemented or otherwise modified and in effect from time to time.
Indenture Trustee shall mean Wilmington Trust,
National Association, a national banking association, not in its individual capacity but solely as Indenture Trustee under the Indenture, and any successor Indenture Trustee under the Indenture.
Independent shall mean, when used with respect to any specified Person, that such Person (i) is in fact independent of
the Issuer, any other obligor on the Notes, the Depositor, the Seller, the Servicer and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial interest or any material indirect financial interest in the Issuer,
any such other obligor, the Depositor, the Seller, the Servicer or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor, the Depositor, the Seller, the Servicer or any Affiliate of any
of the foregoing Persons as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions.
Independent Certificate shall mean a certificate or opinion to be delivered to the Indenture Trustee under the
circumstances described in, and otherwise complying with, the applicable requirements of Section 11.1 of the Indenture, made by an Independent appraiser or other expert appointed by an Issuer Order and approved by the Indenture Trustee in the
exercise of reasonable care, and such opinion or certificate shall state that the signer has read the definition of Independent in the Indenture and that the signer is Independent within the meaning thereof.