Common use of Optional Redemption of Investor Interests Clause in Contracts

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early Amortization Period with respect to the Series 1996-1 Certificates on or after the date that the Invested Amount is reduced to ten percent or less of the sum of the initial Stated Amounts for the Certificates, Transferor shall have the option to redeem the Series 1996-1 Series Interest. The purchase price will be an amount equal to the Invested Amount plus accrued and unpaid interest (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the Distribution Date at the applicable interest rates (as specified in Section 4.1) for such Certificates plus the aggregate amount by which the Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due. Upon the tender of the outstanding Certificates of the Series by the Holders, Trustee shall distribute the amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 1996-1 Certificates, to the Holders of the Series on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Holders. Following any redemption, the Holders of the Series shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Funding Account the aggregate purchase price for the Series 1996-1 Certificates, payments shall continue to be made to the Holders of the Series in accordance with the terms of the Pooling Agreement and this Supplement.

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early Amortization Period with respect to the Series 1996-1 2 Certificates on or after the date that the Invested Amount aggregate Unpaid Balance of the Receivables then included in the Receivables Pool is reduced to ten percent or less of the sum aggregate Unpaid Balance of the initial Stated Amounts for Receivables included in the CertificatesReceivables Pool as of the commencement of such Early Amortization Period, Transferor shall have the option to redeem the Series 1996-1 2 Series Interest. The purchase price will be an amount equal to the Series 1996-2 Invested Amount plus accrued and unpaid interest (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the Distribution Date at the applicable interest rates rate (as specified in Section 4.1) for such Certificates plus the aggregate amount by which the Series 1996-2 Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due). Upon the tender of the outstanding Certificates of the Series 1996-2 by the HoldersHolders thereof, Trustee shall distribute the amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 1996-1 2 Certificates, to the Holders of the Series 1996-2 Certificates on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the such Holders. Following any redemption, the Holders of the Series 1996-2 Certificates shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Funding Account the aggregate purchase price for the Series 1996-1 2 Certificates, payments shall continue to be made to the Holders of the Series 1996-2 Certificates in accordance with the terms of the Pooling Agreement and this Supplement. Notwithstanding the foregoing, no redemption pursuant to this Article VII shall occur if the Series Invested Amount attributable to any Senior Class or Senior Subordinated Class of any Series in Group I shall have been reduced on account of Investor Write-Offs and/or Investor Allocable Dilution (and not subsequently reinstated) unless all such reductions are reinstated prior to such redemption.

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early the Amortization Period with respect to the Series 19961998-1 4 Certificates on or after the date that the Aggregate Invested Amount is reduced to ten percent (10%) or less of the sum Aggregate Invested Amount as of the initial Stated Amounts for commencement of the CertificatesAmortization Period, Transferor shall have the option to redeem the Series 19961998-1 4 Series Interest; provided that on or prior to such Distribution Date, Transferor shall have furnished to Trustee, the Agent and the Rating Agencies a legal opinion, in form and substance satisfactory to Trustee, the Agent and the Rating Agencies, to the effect that the payment of such redemption price does not constitute a fraudulent conveyance. The purchase redemption price will shall be an amount equal to the sum of (a) the Aggregate Invested Amount Amount, plus (b) accrued and unpaid interest on the Series 1998-4 Certificates (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the such Distribution Date at the applicable interest rates (as specified in accordance with Section 4.1, plus (c) for such Certificates plus the aggregate amount by which the Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due. Upon the tender of the outstanding Certificates of the Series by the Holders1998-4 Certificates, Trustee shall distribute the such amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 19961998-1 4 Certificates, to the Holders of the Series 1998-4 Certificateholders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the HoldersSeries 1998-4 Certificateholders. Following any redemption, the Holders of the Series 1998-4 Certificateholders shall have no further rights with respect to the Receivables, subject to Section 8.10. In the event that Transferor fails for any reason to deposit such redemption price in the Principal Funding Account the aggregate purchase price for the Series 1996-1 CertificatesAccount, payments shall continue to be made to the Holders of the Series 1998-4 Certificateholders in accordance with the terms of the Pooling Agreement and this Supplement.

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early Amortization Period with respect to the Series 19961998-1 Certificates on or after the date that the Invested Amount aggregate Unpaid Balance of the Tricon Receivables is reduced to ten percent (10%) or less of the sum aggregate Unpaid Balance of the initial Stated Amounts for Tricon Receivables as of the Certificatescommencement of such Early Amortization Period, Transferor shall have the option to redeem the Series 19961998-1 Series Interest. The purchase price will shall be an amount equal to the sum of (a) the Aggregate Invested Amount Amount, plus (b) accrued and unpaid interest on the Series 1998-1 Certificates (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the such Distribution Date at the applicable interest rates (as specified in accordance with Section 4.1, plus (c) for such Certificates plus the aggregate amount by which the Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due. Upon the tender of the outstanding Certificates of the Series by the Holders1998-1 Certificates, Trustee shall distribute the amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 19961998-1 Certificates, to the Holders of the Series 1998-1 Certificateholders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the HoldersSeries 1998-1 Certificateholders. Following any redemption, the Holders of the Series 1998-1 Certificateholders shall have no further rights with respect to the Receivables, subject to Section 8.10. In the event that Transferor fails for any reason to deposit in the Principal Funding Account the aggregate purchase price for the Series 19961998-1 Certificates, payments shall continue to be made to the Holders of the Series 1998-1 Certificateholders in accordance with the terms of the Pooling Agreement and this Supplement.

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early Amortization Period with respect to the Series 1996-1 Certificates on or after the date that the Invested Amount is reduced to ten percent or less of the sum of the initial Stated Amounts for the Certificates, Transferor shall have the option to redeem the Series 1996-1 Series Interest. The purchase price will be an amount equal to the Invested Amount plus accrued and unpaid interest (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the Distribution Date at the Certificate Rate applicable interest rates (as specified in Section 4.1) for such Certificates to the Series plus the aggregate amount by which the Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due. Upon the tender of the outstanding Certificates of the Series by the Holders, Trustee shall distribute the amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 1996-1 Certificates, to the Holders of the Series on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Holders. Following any redemption, the Holders of the Series shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Funding Account the aggregate purchase price for the Series 1996-1 Certificates, payments shall continue to be made to the Holders of the Series in accordance with the terms of the Pooling Agreement and this Supplement.1

Optional Redemption of Investor Interests. On any Distribution Date occurring during an Early the Amortization Period with respect to the Series 19961998-1 3 Certificates on or after the date that the Invested Amount Outstanding Principal Balance of the Series 1998-3 Certificates is reduced to ten percent (10%) or less of the sum Outstanding Principal Balance of the initial Stated Amounts for Series 1998-3 Certificates as of the Certificatescommencement of the Amortization Period, Transferor shall have the option to redeem the Series 19961998-1 3 Series Interest, provided that, on or prior to such Distribution Date, Transferor shall have furnished to Trustee and the Rating Agencies a legal opinion, in form and substance reasonably satisfactory to Trustee and the Rating Agencies, to the effect that the payment of such redemption price does not constitute a fraudulent conveyance. The purchase redemption price will shall be an amount equal to the Invested Amount sum of (a) the Outstanding Principal Balances of the Series 1998-3 Certificates, plus (b) accrued and unpaid interest on the Series 1998-3 Certificates (and accrued and unpaid interest with respect to interest that was due but not paid on any prior Distribution Date) through the day preceding the such Distribution Date at the applicable interest rates (as specified in accordance with Section 4.1) for such Certificates plus the aggregate amount by which the Invested Amount has been reduced on account of Investor Write-Offs and Investor Allocable Dilution (and not subsequently reinstated) plus any Additional Amounts then due. Upon the tender of the outstanding Certificates of the Series by the Holders1998-3 Certificates, Trustee shall distribute the such amounts, together with all funds on deposit in the Principal Funding Account that are allocable to the Series 19961998-1 3 Certificates, to the Holders of the Series 1998-3 Certificateholders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the HoldersSeries 1998-3 Certificateholders. Following any redemption, the Holders of the Series 1998-3 Certificateholders shall have no further rights with respect to the Receivables, subject to Section 8.9. In the event that Transferor fails for any reason to deposit such redemption price in the Principal Funding Account the aggregate purchase price for the Series 1996-1 CertificatesAccount, payments shall continue to be made to the Holders of the Series 1998-3 Certificateholders in accordance with the terms of the Pooling Agreement and this Supplement.