Common use of Mandatory Redemption by Note Issuer Clause in Contracts

Mandatory Redemption by Note Issuer. If the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “Mandatory Redemption Date”) for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “Mandatory Redemption Price”). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is ------------------------------------ required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Series of Notes on or before the fifth Business Day following the Repurchase Date date of such repurchase (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than one Business Day before after such Repurchase Date repurchase date and shall deposit with the Note Trustee, not later than one three Business Day Days prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes of all such Series pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the Transition Property pursuant to Section 5.01(e) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the later of (i) the Mandatory Redemption Date and (ii) the Special Distribution Date (as defined in the Certificate Indenture) with respect to the related Certificates (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to 12:00 noon Eastern Time on the Mandatory Redemption Repurchase Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the Transition Property pursuant to Section 5.01(e) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Finance Authority and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to on the Mandatory Redemption Repurchase Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is ----------------------------------- required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Series of Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a ------------------------- purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If -------------------------- the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies Moody's not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes of all such Series pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is ------------------------------------ required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Series of Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes of all such Series pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is ----------------------------------- required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Series of Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes of all such Series pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the ------------------------------------ Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Series of Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the Mandatory Redemption Date (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Trustee and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to the Mandatory Redemption Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes of all such Series pursuant to this Section 10.04.

Mandatory Redemption by Note Issuer. If the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement, or elects to repurchase the Transition Property pursuant to Section 5.01(e) of the Sale Agreement, the Note Issuer shall be required to redeem all outstanding Notes on or before the fifth Business Day following the Repurchase Date (such date of mandatory redemption, the “"Mandatory Redemption Date”") for a purchase price equal to the then outstanding principal amount of the Notes plus accrued and unpaid interest thereon at the Note Interest Rate to the later of (i) the Mandatory Redemption Date and (ii) the Special Distribution Date (as defined in the Certificate Indenture) with respect to the related Certificates (such price being called the “"Mandatory Redemption Price”"). If the Note Issuer is required to redeem the Notes pursuant to this Section 10.04, it shall furnish written notice (which notice shall state all items listed in Section 10.05) of such redemption to the Note Trustee, the Certificate Trustee, the Agencies Finance Authority and the Rating Agencies not later than one Business Day before such Repurchase Date and shall deposit with the Note Trustee, not later than one Business Day prior to 12:00 noon Eastern Time on the Mandatory Redemption Repurchase Date, the Mandatory Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Mandatory Redemption Date upon the furnishing of a notice complying with Section 10.05 hereof to each Holder of the Notes pursuant to this Section 10.04.