Optional Early Pay Out. (a) On any Funding Change Date falling in the Revolving Period, Issuer may cause the Notes to be prepaid in full or in part, on not less than three Business Days prior written notice by the Servicer to the Indenture Trustee and the Agent, with funds on deposit in the Excess Funding Account in accordance with Section 4.6(b)(ii).
Optional Early Pay Out. (a) On any Funding Change Date falling in the Revolving Period, the Seller may cause the principal portion of the Certificates to be prepaid in full or in part, (x) if the aggregate principal amount of such prepayment is greater than $150,000,000, on not less than five Business days prior written notice by the Servicer or (y) otherwise, on not less than three Business Days prior written notice by the Servicer to the Master Trust Trustee and the Administrative Agent, with Shared Principal Collections as provided in Section 4.03(e) of the Agreement; provided, however that such prepayment shall not be permitted unless all due (or if the Certificates are paid in full, all accrued) and unpaid Monthly Interest, Additional Amounts and Non-Use Fees have been paid in full.
Optional Early Pay Out. (a) On any Business Day falling in the Revolving Period, Transferor may provide notice (an "Accumulation Notice") to Trustee of its intention to accumulate funds to cause the Series 1996-2 Certificates to be prepaid in full, or, for the Class A Certificates, the Class B Certificates or (subject to the last sentence of this subsection (a)) the Class C Certificates to be prepaid in part, in a minimum amount of $10,000,000 or in higher integral multiples of $500,000. When amounts sufficient for such prepayment have been accumulated, Transferor may provide notice to Trustee on any Distribution Date falling in the Revolving Period (a "Prepayment Notice") of the date, at least 30 days after the date of such Prepayment Notice, when the prepayment shall occur. Trustee shall notify the affected Holders within five Business Days of receiving such Prepayment Notice. No Class B Certificates may be prepaid unless either (x) the Class A Certificates have been paid in full or (y) after giving effect to such prepayment the Net Invested Amount would not exceed the Base Amount. No Class C Certificates may be prepaid unless either (x) the Class A Certificates and the Class B Certificates have been paid in full or (y) after giving effect to such prepayment the Net Invested Amount would not exceed the Base Amount. In the event of any partial prepayment of the Class A Certificates, the Class B Certificates or the Class C Certificates, the Holders of those Class A Certificates or Class B Certificates (as the case may be) will be paid their pro rata share of such partial prepayment calculated in accordance with the outstanding principal amount of each Class A Certificate, Class B Certificate or Class C Certificate (as the case may be) as of the related Record Date. The Class C Certificates may not be partially prepaid except as a result of a prepayment of at least 50% of the Class C Invested Amount as in effect on the date hereof.
Optional Early Pay Out. (a) The Notes are subject to redemption in whole, but not in part, on any Prepayment Payment Date on which Servicer exercises its option to purchase the Receivables pursuant to Clause (b) below; provided, however, that Issuer has available funds sufficient to pay an amount (the "PREPAYMENT AMOUNT") equal to the unpaid Principal Amount of the Notes plus accrued and unpaid interest on the unpaid principal amount of the Notes (and accrued and unpaid interest with respect to interest amounts that were due but not paid on a prior Payment Date) through the day preceding the Prepayment Payment Date at the rates of interest then applicable to such Notes. Issuer shall furnish ten days' prior written notice of such redemption to Servicer, Trustee and the Rating Agencies. Upon tender of all outstanding Notes by the Noteholders, Trustee shall then pay such amounts, together with all other amounts on deposit in the Principal Funding Account to the Noteholders on the next Payment Date in repayment of the principal amount and all accrued and unpaid interest owing to the Noteholders. Following the Prepayment Payment Date, the Noteholders shall have no further rights with respect to the Receivables and Trustee shall execute and deliver the instruments of release (including any document necessary to release the security interest in favor of Trustee in the Collateral and to release any filing evidencing or perfecting the security interest), in each case without recourse, representation or warranty, as shall be reasonably requested by Issuer to vest in Issuer all right, title and interest that Trustee had in the Collateral. In the event that Servicer fails for any reason to deposit the Prepayment Amount, payments shall continue to be made to the Noteholders in accordance with the terms of this Agreement.
Optional Early Pay Out. (a) In addition to Transferor's right to reduce the Series 1996-3 Invested Amount from time to time in accordance with Section 3.1 of the Certificate Purchase Agreement, Transferor may cause a prepayment of the Series 1996-3 Certificates pursuant to, and subject to the limitations set forth in, this Section 4.5. On any Business Day falling in the Revolving Period, Transferor may provide notice to Trustee of its intention to accumulate funds to cause the Series 1996-3 Certificates to be prepaid in full, or in part in a minimum amount of $1,000,000 or in higher integral multiples of $1,000,000 (or in an amount equal to the entire principal amount of the Series 1996-3 Certificates, if less). When amounts sufficient for such prepayment have been accumulated, Transferor may provide notice to Trustee on any Distribution Date falling in the Revolving Period (the "Prepayment Notice") of the date, at least three Business Days after the date of such Prepayment Notice, when the prepayment shall occur. Trustee shall notify the affected Holders promptly upon receiving such Prepayment Notice. In the event of any partial prepayment of the Series 1996-3 Certificates, the Holders of those Series 1996-3 Certificates will be paid their pro rata share of such partial prepayment calculated in accordance with the outstanding principal amount of each Series 1996-3 Certificate as of the date of such prepayment.
