Loan Repurchase Date. 8.12 The Loan Repurchase Date for any Loan and its Related Security to be repurchased pursuant to this Clause 8, whether as a result of a Mandatory Repurchase Event or, subject to Clause 8.8 and Clause 8.9, an Optional Repurchase Event, shall be the date set out in the relevant Loan Repurchase Notice, being the date on which the purchase price has been or is to be paid for the relevant Loan and the Loan and its Related Security are transferred to the Seller, which date shall be the Trust Calculation Date after the date of the Loan Repurchase Notice or such other date as specified in the Loan Repurchase Notice (provided that the date so specified shall not be later than 90 days after the date of the Loan Repurchase Notice) or:
