Common use of Optional Repurchase of Investor Notes Clause in Contracts

Optional Repurchase of Investor Notes. On any Payment Date occurring on or after the date on which the Invested Amount of any Series or class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class set forth in the Indenture Supplement related to such Series, or at such other time otherwise provided for in the Indenture Supplement relating to such Series, the Issuer shall have the option to purchase all Outstanding Investor Notes of such Series, or class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Payment Date) equal to (unless otherwise specified in the related Indenture Supplement) the Invested Amount of such Series on such Payment Date, plus accrued and unpaid interest on the unpaid principal balance of the Investor Notes of such Series (calculated at the Investor Note Rate of such Series) through the day immediately prior to the date of such purchase plus, if provided for in the related Indenture Supplement, any premium payable at such time. The Issuer shall give the Indenture Trustee at least 30 days' prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on such Payment Date, an amount of the purchase price equal to the Invested Amount of all Investor Notes of such Series on such Payment Date and the amount of accrued and unpaid interest with respect to such Investor Notes and any applicable premium will be deposited into the applicable Series Account for such Series in immediately available funds. The funds deposited into such Series Account or distributed to the Paying Agent will be passed through in full to the Investor Noteholders on such Payment Date.

Optional Repurchase of Investor Notes. On any Payment Date occurring on or after the date on which the Invested Amount of any Series or class Class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class Class set forth in the Indenture Supplement related to such Series, or at such other time otherwise provided for in the Indenture Supplement relating to such Series, the Issuer shall have the option to purchase all Outstanding Investor Notes of such Series, or class Class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Payment Date) equal to (unless otherwise specified in the related Indenture Supplement) the Invested Amount of such Series Series, or Class of such Series, on such Payment Date, plus accrued and unpaid interest on the unpaid principal balance of the Investor Notes of such Series, or Class of such Series (calculated at the Investor Note Rate of such SeriesSeries or Class) through the day immediately prior to the date of such purchase plus, if provided for in the related Indenture Supplement, any premium payable at such time. The Issuer shall give the Indenture Trustee at least 30 days' ten (10) Business Days’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, Noon (New York City time, ) on such Payment Date, an amount of the purchase price equal to the Invested Amount of all Investor Notes of such Series or Class of such Series on such Payment Date and the amount of accrued and unpaid interest with respect to such Investor Notes and any applicable premium will be deposited into the applicable Series Account for such Series in immediately available funds. The funds deposited into such Series Account or distributed to the Paying Agent will be passed through in full to the Investor Noteholders on such Payment Date.

Optional Repurchase of Investor Notes. On any Payment Date occurring on or after the date on which the Invested Amount of any Series or class Class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class Class set forth in the Indenture Supplement related to such Series, or at such other time otherwise provided for in the Indenture Supplement relating to such Series, the Issuer shall have the option to purchase all Outstanding Investor Notes of such Series, or class Class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Payment Date) equal to (unless otherwise specified in the related Indenture Supplement) the Invested Amount of such Series Series, or Class of such Series, on such Payment Date, plus accrued and unpaid interest on the unpaid principal balance of the Investor Notes of such Series, or Class of such Series (calculated at the Investor Note Rate of such SeriesSeries or Class) through the day immediately prior to the date of such purchase plus, if provided for in the related Indenture Supplement, any premium payable at such time. The Issuer shall give the Indenture Trustee at least 30 days' 10 Business Days’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, Noon (New York City time, ) on such Payment Date, an amount of the purchase price equal to the Invested Amount of all Investor Notes of such Series or Class of such Series on such Payment Date and the amount of accrued and unpaid interest with respect to such Investor Notes and any applicable premium will be deposited into the applicable Series Account for such Series in immediately available funds. The funds deposited into such Series Account or distributed to the Paying Agent will be passed through in full to the Investor Noteholders on such Payment Date.

Optional Repurchase of Investor Notes. On any Payment Date occurring on or after the date on which the Invested Amount of any Series or class of such Series is equal to or less than the Repurchase Amount (if any) for such Series or class set forth in the Indenture Supplement related to such Series, or at such other time otherwise provided for in the Indenture Supplement relating to such Series, the Issuer shall have the option to purchase all Outstanding Investor Notes of such Series, or class of such Series, at a purchase price (determined after giving effect to any payment of principal and interest on such Payment Date) equal to (unless otherwise specified in the related Indenture Supplement) the Invested Amount of such Series on such Payment Date, plus accrued and unpaid interest on the unpaid principal balance of the Investor Notes of such Series (calculated at the Investor Note Rate of such Series) through the day immediately prior to the date of such purchase plus, if provided for in the related Indenture Supplement, any premium payable at such time. The Issuer shall give the Indenture Trustee at least 30 days' ’ prior written notice of the date on which the Issuer intends to exercise such option to purchase. Not later than 12:00 noon, New York City time, on such Payment Date, an amount of the purchase price equal to the Invested Amount of all Investor Notes of such Series on such Payment Date and the amount of accrued and unpaid interest with respect to such Investor Notes and any applicable premium will be deposited into the applicable Series Account for such Series in immediately available funds. The funds deposited into such Series Account or distributed to the Paying Agent will be passed through in full to the Investor Noteholders on such Payment Date.