Common use of Optional Redemption of Note Clause in Contracts

Optional Redemption of Note. On any Remittance Date (i) --------------------------- following the occurrence of a Termination and Amortization Event (which Termination and Amortization Event itself occurs on or after the twelfth (12/th/) Remittance Date), the Note Insurer, on not fewer than fifteen (15) prior Business Days' written notice delivered to the Debtor, the Servicer, the Collateral Agent and the Purchaser may, or (ii) on or after the twenty-fourth (24/th/ Remittance Date, the Debtor not fewer than fifteen (15) prior Business Day's written notice delivered to the Note Insurer, the Purchaser and the Collateral Agent, may, redeem the Note, in whole or in part, on, in each case for a purchase price equal to the Net Investment then outstanding, plus all accrued and unpaid Note Interest, to the date of payment; and provided that all amounts, if any, then due and owing to the Note Insurer, the Collateral Agent and the Servicer are paid in full in cash. The purchase price shall be applied as set forth in Section 6.5 hereof.

Optional Redemption of Note. On any Remittance Date (i) --------------------------- following the occurrence of a Termination and Amortization Event (which Termination and Amortization Event itself occurs on or after the twelfth (12/th/) Remittance Date), the Note Insurer, on not fewer than fifteen (15) prior Business Days' written notice delivered to the Debtor, the Servicer, the Collateral Agent and the Purchaser may, or (ii) on or after the twenty-fourth (24/th/ 24th Remittance Date, the Debtor not fewer than fifteen (15) prior Business Day's written notice delivered to the Note Insurer, the Purchaser and the Collateral Agent, may, redeem the Note, in whole or in part, on, in each case for a purchase price equal to the Net Investment then outstanding, plus all accrued and unpaid Note Interest, to the date of payment; and provided that all amounts, if any, then due and owing to the Note Insurer, the Collateral Agent and the Servicer are paid in full in cash. The purchase price shall be applied as set forth in Section 6.5 hereof.

Optional Redemption of Note. On any Remittance Date (i) --------------------------- following the occurrence of a Termination and Amortization Event (which Termination and Amortization Event itself occurs on or after the twelfth eleventh (12/th/11th) Remittance Date), the Note Insurer, on not fewer than fifteen (15) prior Business Days' written notice delivered to the Debtor, the Servicer, the Collateral Agent and the Purchaser may, or (ii) on or after the twenty-fourth third (24/th/ 23rd Remittance Date, the Debtor not fewer than fifteen (15) prior Business Day's written notice delivered to the Note Insurer, the Purchaser and the Collateral Agent, may, redeem the Note, in whole or in part, on, in each case for a purchase price equal to the Net Investment then outstanding, plus all accrued and unpaid Note Interest, to the date of payment; and provided that all amounts, if any, then due and owing to the Note Insurer, the Collateral Agent and the Servicer are paid in full in cash. The purchase price shall be applied as set forth in Section 6.5 hereof.

Optional Redemption of Note. On any Remittance MTN Payment Date (i) --------------------------- following the occurrence of a Termination and Amortization Event (which Termination and Amortization Event itself occurs on or after the twelfth (12/th/12th) Remittance Date), the Note Insurer, on not fewer than fifteen ten (1510) prior Business Days' ’ written notice notice, substantially in the form of Exhibit Q hereto, delivered to the Debtor, the Servicer, the Collateral Agent and the Purchaser may, or (ii) on or after the twenty-fourth (24/th/ 24th) Remittance Date, the Debtor not fewer than fifteen ten (1510) prior Business Day's ’s written notice delivered to the Note Insurer, the Purchaser and the Collateral Agent, may, redeem the Note, in whole or in part, on, in each case for a purchase price equal to the Net Investment then outstanding, plus all accrued and unpaid Note Interest, to the date of paymentapplicable MTN Payment Date; and provided that all amounts, if any, then due and owing to the Note Insurer, the Collateral Agent and the Servicer are paid in full in cash. The purchase price shall be applied as set forth in Section 6.5 hereof.

Optional Redemption of Note. On any Remittance Date (i) --------------------------- following the occurrence of a Termination and Amortization Event (which Termination and Amortization Event itself occurs on or after the twelfth (12/th/12th) Remittance Date), the Note Insurer, on not fewer than fifteen (15) prior Business Days' ’ written notice notice, substantially in the form of Exhibit Q hereto, delivered to the Debtor, the Servicer, the Collateral Agent and the Purchaser may, or (ii) on or after the twenty-fourth (24/th/ Remittance 24th)Remittance Date, the Debtor not fewer than fifteen (15) prior Business Day's ’s written notice delivered to the Note Insurer, the Purchaser and the Collateral Agent, may, redeem the Note, in whole or in part, on, in each case for a purchase price equal to the Net Investment then outstanding, plus all accrued and unpaid Note Interest, to the date of payment; and provided that all amounts, if any, then due and owing to the Note Insurer, the Collateral Agent and the Servicer are paid in full in cash. The purchase price shall be applied as set forth in Section 6.5 hereof.