Common use of Exchange of Notes for Transferor Amount Clause in Contracts

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] Notes from Series 2003-[*] Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes and Class B Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2002-1 Notes from Series 2003-[*] 2002-1 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2002-1 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes and Class B Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2002-1 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2002-1 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.. [END OF ARTICLE IV]

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2002-1 Notes from Series 2003-[*] 2002-1 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2002-1 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes A, Class B and Class B C Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2002-1 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2002-1 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2002-3 Notes from Series 2003-[*] 2002-3 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2002-3 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes A, Class B and Class B C Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2002-3 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2002-3 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2002-2 Notes from Series 2003-[*] 2002-2 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2002-2 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes A, Class B and Class B C Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2002-2 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2002-2 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2001-2 Notes from Series 2003-[*] 2001-2 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2001-2 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes and Class B Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2001-2 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2001-2 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*[ ] Notes from Series 2003-[*[ ] Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*[ ] Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes and Class B Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*[ ] Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*2003-[ ] Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2003-1 Notes from Series 2003-[*] 2003-1 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2003-1 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes A, Class B and Class B C Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2003-1 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2003-1 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor purchases Series 2003-[*] 2003-2 Notes from Series 2003-[*] 2003-2 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2003-2 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes A, Class B and Class B C Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2003-2 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2003-2 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.

Exchange of Notes for Transferor Amount. If the Transferor --------------------------------------- purchases Series 2003-[*] 2000-1 Notes from Series 2003-[*] 2000-1 Noteholders, the Transferor may, on any Distribution Date (after giving effect to all required allocations and payments on such Distribution Date), cancel such purchased Series 2003-[*] 2000-1 Notes by delivering a written request to the Indenture Trustee to do so; provided, however, that the Transferor may only cancel Class A Notes and Class B Notes it has purchased if the Rating Agency Condition has been satisfied and a credit enhancement deficiency will not result. The Transferor may in connection with such cancellation reduce a portion of the O/C Amount and may (but shall not be required to) cancel such portion of the O/C Amount; , provided that the reduction in the O/C Amount resulting from such cancellation may not result in the O/C Amount being less than the Required O/C Amount. As a result of any cancellation of Series 2003-[*] 2000-1 Notes pursuant to this Section, (a) the Invested Amount shall be reduced by (i) the aggregate principal amount of such purchased Series 2003- [*] 2000-1 Notes and (ii) the reduction in the O/C Amount and (b) the Transferor Amount shall be increased in an amount equal to such reduction in the Invested Amount.. [END OF ARTICLE IV]