Common use of Optional Repurchase; Reassignment and Termination Provisions Clause in Contracts

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Certificates shall be subject to purchase by the Servicer at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount is reduced to an amount less than or equal to 10% of the highest historical Invested Amount by deposit into the Collection Account a final distribution for application in accordance with Section 12.2 an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested Amount, plus (ii) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Certificates by the Investor Holders, Trustee shall, in accordance with the instructions of the Servicer, distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Investor Holders. Following any redemption, the Investor Holders shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Holders in accordance with the terms of the Agreement and this Series Supplement.

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Series 2001-1-VFC Certificates shall be subject to purchase by transfer to the Servicer Transferor at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount is permanently reduced to an amount less than or equal to 10% of the sum of the highest historical Invested Class A Funded Amount plus the highest Subordinated Transferor Funded Amount outstanding during the Revolving Period by deposit into the Collection Account of a final distribution for application in accordance with Section 12.2 12.3 in an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) of: the Invested Amount, ; plus (ii) accrued and unpaid interest on the Investor Class A Certificates through the day preceding the Distribution Date on which the purchase occurs; plus any accrued and unpaid Class A Additional Amounts in respect of the Class A Certificates through the day preceding the Distribution Date on which the repurchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs. ; Upon the tender of the outstanding Investor Series 2001-1-VFC Certificates by the Investor HoldersSeries 2001-1-VFC Certificateholders, the Trustee shall, in accordance with the instructions of the Servicer, shall distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Holders Series 2001-1-VFC Certificateholders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest and other amounts owing to the Investor HoldersSeries 2001-1-VFC Certificateholders. Following any redemptionpayment of the aggregate purchase price as provided above, the Investor Holders Series 2001-1-VFC Certificateholders shall have no further rights with respect to the Receivables. In the event that Transferor the Servicer fails for any reason to deposit in the Principal Collection Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Holders Series 2001-1-VFC Certificateholders in accordance with the terms of the Agreement and this Series Supplement. The Servicer shall not be permitted to effect an optional repurchase pursuant to this Section 5 unless, after payment of the amount specified above, the Class A Funded Amount shall have been paid in full.

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Series 2000-VFC Certificates shall be subject to purchase by transfer to the Servicer at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount Investor Interest is permanently reduced to an amount less than or equal to 10% of the highest historical Invested sum of the Maximum Class A Funded Amount plus the Maximum Class B Funded Amount by deposit into the Collection Account of a final distribution for application in accordance with Section 12.2 12.3 in an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested AmountInvestor Interest, plus (ii) accrued and unpaid interest on the Investor Series 2000-VFC Certificates through the day preceding the Distribution Date on which the repurchase purchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Class A Certificates through the day preceding the Distribution Date on which the repurchase occurs plus (iv) any accrued and unpaid Class B Non-Use Fees and Class B Additional Amounts in respect of the Class B Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Series 2000-VFC Certificates by the Investor Holders, the Trustee shall, in accordance with the instructions of the Servicer, shall distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Series 2000-VFC Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest and other amounts owing to the Investor Series 2000-VFC Holders. Following any redemptionpayment of the aggregate purchase price as provided above, the Investor Series 2000-VFC Holders shall have no further rights with respect to the Receivables. In the event that Transferor the Servicer fails for any reason to deposit in the Principal Collection Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Series 2000-VFC Holders in accordance with the terms of the Agreement and this Series Supplement. The Servicer shall not be permitted to effect an optional repurchase pursuant to this Section 5 unless, after payment of the amount specified above, the Class A Funded Amount shall have been paid in full.

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Certificates shall be subject to purchase by the Servicer at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount is reduced to an amount less than or equal to [10% %] of the highest historical Invested Amount by deposit into the Collection Account a final distribution for application in accordance with Section 12.2 an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested Amount, plus (ii) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Certificates by the Investor Holders, Trustee shall, in accordance with the instructions of the Servicer, distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Investor Holders. Following any redemption, the Investor Holders shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Holders in accordance with the terms of the Agreement and this Series Supplement.

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Series 2004-VFC Certificates shall be subject to purchase by transfer to the Servicer at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount Investor Interest is permanently reduced to an amount less than or equal to 10% of the highest historical Invested sum of the Maximum Class A Funded Amount plus the Maximum Class B Funded Amount by deposit into the Collection Account of a final distribution for application in accordance with Section 12.2 12.3 in an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested AmountInvestor Interest, plus (ii) accrued and unpaid interest on the Investor Series 2004-VFC Certificates through the day preceding the Distribution Date on which the repurchase purchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Class A Certificates through the day preceding the Distribution Date on which the repurchase occurs plus (iv) any accrued and unpaid Class B Non-Use Fees and Class B Additional Amounts in respect of the Class B Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Series 2004-VFC Certificates by the Investor Holders, the Trustee shall, in accordance with the instructions of the Servicer, shall distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Series 2004-VFC Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest and other amounts owing to the Investor Series 2004-VFC Holders. Following any redemptionpayment of the aggregate purchase price as provided above, the Investor Series 2004-VFC Holders shall have no further rights with respect to the Receivables. In the event that Transferor the Servicer fails for any reason to deposit in the Principal Collection Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Series 2004-VFC Holders in accordance with the terms of the Agreement and this Series Supplement. The Servicer shall not be permitted to effect an optional repurchase pursuant to this Section 5 unless, after payment of the amount specified above, the Class A Funded Amount shall have been paid in full.

Optional Repurchase; Reassignment and Termination Provisions. (a) The b)The Investor Certificates shall be subject to purchase by the Servicer at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount is reduced to an amount less than or equal to 10% of the highest historical Invested Amount by deposit into the Collection Account a final distribution for application in accordance with Section 12.2 an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested Amount, plus (ii) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Certificates by the Investor Holders, Trustee shall, in accordance with the instructions of the Servicer, distribute the amounts, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, to the Investor Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Investor Holders. Following any redemption, the Investor Holders shall have no further rights with respect to the Receivables. In the event that Transferor fails for any reason to deposit in the Principal Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Holders in accordance with the terms of the Agreement and this Series Supplement.

Optional Repurchase; Reassignment and Termination Provisions. (a) The Investor Certificates shall be subject to purchase by the Servicer retransfer to Transferor at its option on any Distribution Date, on or after the Distribution Date on which the Invested Amount is reduced to an amount less than or equal to 105% of the highest historical Initial Invested Amount by deposit into the Collection Account a final distribution for application in accordance with Section 12.2 of an amount which shall include the amount, if any, on deposit in the Principal Account and will be equal to the sum of (i) the Invested Amountoutstanding principal amount of the Class A Certificates, Class B Certificates and Class C Interests (less any amounts then on deposit in the Principal Funding Account or the Principal Account), plus (ii) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs, plus (iii) any accrued and unpaid Class A Non-Use Fees and Class A Additional Amounts in respect of the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs. Upon the tender of the outstanding Investor Series 1999-A Certificates by the Investor HoldersHolders (and without tender in the case of the Class C Interests), Trustee shall, in accordance with the instructions of the Servicer, shall distribute the amountssuch amount, together with all funds on deposit in the Principal Account that are allocable to the Investor Certificates, and Principal Funding Account to the Investor Holders on the next Distribution Date in repayment of the principal amount and accrued and unpaid interest owing to the Investor Holders. Following any redemption, the Investor Holders shall have no further rights with respect to the Receivables. In the event that If Transferor fails for any reason to deposit in the Principal Collection Account the aggregate purchase price for the Investor Certificates, payments shall continue to be made to the Investor Holders in accordance with the terms of the Agreement and this Series Supplement.