Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) On any Distribution Date occurring after the date on which the Invested Amount is reduced to $25,000,000 or less, the Seller shall have the option to purchase the entire Series 1995-5 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Carco Auto Loan Master Trust

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Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951999-5 3 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 6 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951997-5 2 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 3 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951997-5 7 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any Distribution Date occurring after the date on which the Invested Amount is reduced to $25,000,000 [ ] or less, the Seller shall have the option option, subject to the condition set forth in paragraph (c) to purchase the entire Series 1995-5 [199_-_] Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Carco Auto Loan Master Trust)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951999-5 7 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 7 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951997-5 8 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 2 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

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Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951999-5 2 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951997-5 3 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Execution Copy (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 1 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951999-5 1 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951998-5 9 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951997-5 10 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to $25,000,000 5% of the Initial Invested Amount or less, the Seller Sellers shall have the option to purchase the entire Series 19951999-5 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citibank South Dakota N A)

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