Early Redemption Events. (a) In the event and on each occasion that any Net Proceeds are received by or on behalf of the Issuer or any Subsidiary in respect of any Early Redemption Event, the Issuer shall (i) in the case of an event described in part (a) or (b) of the definition of Early Redemption Event, apply all such Net Proceeds, or (ii) in the case of an event described in part (c) or (d) of the definition of Early Redemption Event, apply 75% of such Net Proceeds to redeem Notes in an Early Redemption Offer pursuant to and subject to the conditions of this Section 4.01; provided that, in the case of any event described in clause (a) of the definition of the term "Early Redemption Event" occurring on or prior to the six-month anniversary of the Issue Date (other than the sale, transfer or other disposition of (i) Receivables in connection with a Permitted Receivables Financing, or (ii) other assets of the Issuer or any Subsidiary in connection with the incurrence of Indebtedness in respect of an asset-backed financing entered into with the consent of the Holders of a majority (by aggregate principal amount) of the Notes), if the Issuer shall deliver to the Trustee a certificate of a Financial Officer to the effect that no Default has occurred and is continuing, then no redemption shall be required pursuant to this paragraph in respect of the Net Proceeds in respect of such event until the six-month anniversary of the Issue Date; and further provided, that the Issuer shall have no obligation to make such an Early Redemption Offer unless so directed by the Holders of a majority, in aggregate principal amount, of the Notes (in accordance with part (b) of this Section 4.01); and further provided that, for so long as any Revolver Obligations are outstanding, an Early Redemption Offer shall only be made to the extent of Net Proceeds remaining following the repayment in full of such Revolver Obligations or to the extent that the lenders of such Revolver Obligations provide their consent.
(b) Within 5 Business Days following the occurrence of an Early Redemption Event that, pursuant to part (a) of this Section 4.01, requires an Early Redemption Offer to be made, the Issuer shall mail a notice to each Holder with a copy to the Trustee, stating that an Early Redemption Event has occurred and requesting that the Holders of Notes provide their instructions as to whether or not the Issuer should make an Early Redemption Offer. If the Holders of a majority (by aggregate principal amount) of...
Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, each of the following events will also be an Early Redemption Event with respect to the Series [____] Notes:
(1) failure on the part of DCWR, the Servicer or DCS (if DCS is no longer the Servicer), as applicable,
(a) to make any payment or deposit required by the Pooling and Servicing Agreement or the Receivables Purchase Agreement, including but not limited to any Transfer Deposit Amount or Adjustment Payment, on or before the date occurring two Business Days after the date that payment or deposit is required to be made; or
(b) to deliver a Distribution Date Statement on the date required under the Pooling and Servicing Agreement, or within the applicable grace period which will not exceed five business days; or
(c) to comply with its covenant in the Pooling and Servicing Agreement not to create any lien on a Receivable; or
(d) to observe or perform in any material respect any other covenants or agreements set forth in the Pooling and Servicing Agreement or the Receivables Purchase Agreement, which failure continues unremedied for a period of 45 days after written notice of that failure in accordance with the Pooling and Servicing Agreement;
(2) any representation or warranty made by DCS, as seller, in the Receivables Purchase Agreement or by DCWR in the Pooling and Servicing Agreement or any information required to be given by DCWR to the Trustee to identify the Accounts proves to have been incorrect in any material respect when made and continues to be incorrect in any material respect for a period of 60 days after written notice and as a result the interests of the Certificateholders are materially and adversely affected. An Early Redemption Event, however, shall not be deemed to occur if DCWR has repurchased the related Receivables or all of the Receivables, if applicable, during that period in accordance with the provisions of the Pooling and Servicing Agreement;
(3) the occurrence of any event specified in the Section 9.01(c), (d) or (e) of the Pooling and Servicing Agreement relating to DCS or DaimlerChrysler;
(4) a failure by DCWR to convey Receivables in Additional Accounts to the CARCO Trust within five Business Days after the day on which it is required to convey those Receivables under the Pooling and Servicing Agreement;
(5) on any Transfer Date, the [Primary] Overcollateralization Amount for the next Payment Date will be reduced to an amount les...
Early Redemption Events. In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if the average Portfolio Yield for any three consecutive Monthly Periods is less than the average Base Rate for such three consecutive Monthly Periods, an “Early Redemption Event” with respect to the Series 2008-2 Notes will be deemed to have occurred.
Early Redemption Events. Notwithstanding any provision of the Indenture or the Indenture Supplement to the contrary, upon the occurrence of an Early Redemption Event with respect to the Class C(2002-1) Notes (other than an Early Redemption Event described in Section 1201(c) of the Indenture), if none of (i) an Early Redemption Event described in Section 1201(c) of the Indenture, (ii) an Interest Reserve Account Event, (iii) the termination of the Derivative Agreement pursuant to its terms or (iv) an Event of Default and acceleration of the Class C(2002-1) Notes has previously occurred, then the Issuer will not pay any amounts accumulated in the Principal Funding sub-Account for the Class C(2002-1) Notes to the holders of the Class C(2002-1) Notes until the Monthly Principal Payment Date occurring on or immediately following the earliest to occur of: (a) the Expected Principal Payment Date; (b) the date on which an Early Redemption Event Described in Section 1201(c) of the Indenture occurs; (c) the date on which an Interest Reserve Account Event occurs; and (d) the date on which the Derivative Agreement terminates pursuant to its terms. If the Issuer is unable to pay the redemption price in full on such Monthly Principal Payment Date, monthly payments on the Class C(2002-1) Notes will thereafter be made on each following Monthly Principal Payment Date until the Outstanding Dollar Principal Amount of the Class C(2002-1) Notes, plus all accrued and unpaid interest, is paid in full or the Legal Maturity Date occurs, whichever is earlier, subject to Article V of the Indenture and Article III
Early Redemption Events. ING may redeem one or more series of the notes upon the occurrence of certain tax events or in the event of changes in treatment of the notes for purposes of certain loss absorption regulations.
Early Redemption Events. (a) In addition to the events identified as Early Redemption Events in Section 1201 of the Indenture, if for any month the amount of Excess Available Funds averaged over the three preceding Monthly Periods is less than the Required Excess Available Funds for such month, an “Early Redemption Event” with respect to the BAseries Notes will be deemed to have occurred.
(b) In addition, the terms document for any tranche of Notes may list additional events which are “Early Redemption Events” with respect to such tranche of Notes.
Early Redemption Events. (a) In addition to the events identified as Early Redemption Events in Section 1101 of the Indenture, each of the following events will be an "Early Redemption Event" with respect to the Card Series Notes:
Early Redemption Events. 12 Section 2.11.
Early Redemption Events. Section 5.02. Events of Default Section 5.03. Acceleration of Maturity; Rescission and Annulment Section 5.04. Collection of Indebtedness and Suits for Enforcement by Indenture Trustee Section 5.05. Remedies; Priorities Section 5.06. Optional Preservation of the Trust Estate
Early Redemption Events. (a) In addition to the events identified as Early Redemption Events in Section 1101 of the Indenture, each of the following events will be an “Early Redemption Event” with respect to the Card Series Notes:
(i) if for any month, the average of the Excess Spread Amounts for the three preceding Monthly Periods is less than the Required Excess Spread Amount for such month; or
(ii) the occurrence of any Pay Out Event as defined in the COMT Pooling and Servicing Agreement or any Pay Out Event pursuant to Section 6.01 of the Series 2002-CC Supplement, or, if the Note Rating Agencies require upon the addition of any Collateral Certificate (other than the COMT Collateral Certificate) to Asset Pool 1, the occurrence of a Pay Out Event (as such term is defined in the related Pooling and Servicing Agreement and Series Supplement) with respect to any Collateral Certificate that has been added to Asset Pool 1.
(b) In addition, the Terms Document for any Tranche of Notes may list additional events which are “Early Redemption Events” with respect to such Tranche of Notes.
