Common use of Cleanup Call Clause in Contracts

Cleanup Call. (a) The Notes shall be subject to purchase by the initial Servicer at its option, in accordance with the terms specified in subsection 13.4(a) of the Base Indenture on any Settlement Date on or after the Settlement Date on which the Note Principal is reduced to an amount less than or equal to 10% of the Maximum Principal Amount.

Cleanup Call. (a) The Notes shall be subject to purchase by the initial Servicer at its option, in accordance with the terms specified in subsection Section 13.4(a) of the Base Indenture on any Settlement Date on or after the Settlement Date on which the Note Principal is reduced to an amount less than or equal to 10% of the Maximum Principal Amount. Any exercise by the initial Servicer of a purchase option with respect to any Series other than Series 2010-A shall be accompanied by a concurrent purchase of Series 2010-A hereunder unless otherwise consented to in writing by the Funding Agent.