Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% or less of the Initial Invested Amount, the Transferor shall have the option to purchase the Series 1997-1 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 1997-1 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% or less of the Initial Invested Amount, the Transferor shall have the option to purchase the Series 1997-1 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 1997-1 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b8.1(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% or less of the Initial Invested Amount, the Transferor shall have the option to purchase the Series 19971996-1 3 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 19971996-1 3 shall be reduced to zero and the Series 19971996-1 3 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105.0% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 1997-1 Certificateholders' InterestInterest represented by Series 2001-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 thirty days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 19972001-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19971998-1 Certificateholders' InterestHolders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19971998-1 shall each be reduced to zero and the Series 19971998-1 Certificateholders and the Class C Interest Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105.0% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 1997-1 Certificateholders' InterestInterest represented by Series 2000-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 thirty days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 19972000-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972002-1 Certificateholders' Interest3 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972002-1 3 shall be reduced to zero and the Series 19972002-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest7 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 7 shall be reduced to zero and the Series 19972001-1 7 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest5 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 5 shall be reduced to zero and the Series 19972001-1 5 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Sellers shall have the option to purchase the Series 1997-1 3 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Sellers shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends Sellers intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Sellers shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-1 3 shall be reduced to zero and the Series 1997-1 3 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).the

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972000-1 Certificateholders' Interest2 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 2 shall be reduced to zero and the Series 19972000-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Sellers shall have the option to purchase the Series 1997-1 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Sellers shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends Sellers intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Sellers shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 1997-1 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Transferors shall have the option to purchase the Series 1997-1 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Transferors shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends Transferors intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor Transferors shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 1997-1 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972000-1 Certificateholders' Interest3 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 3 shall be reduced to zero and the Series 19972000-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Sellers shall have the option to purchase the Series 1997-1 4 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Sellers shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends Sellers intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Sellers shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-1 4 shall be reduced to zero and the Series 1997-1 4 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or -------------------- after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 19972000-1 3 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 3 shall be reduced to zero and the Series 19972000-1 3 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' InterestHolders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 shall be reduced to zero and the Series 19972001-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest4 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 4 shall be reduced to zero and the Series 19972001-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105.0% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 1997-1 Certificateholders' InterestInterest represented by Series 2002-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 thirty days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 19972002-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 1997-1 Certificateholders' Interest199_-_ Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-1 199_-_ shall each be reduced to zero and the Series 1997-1 199_-_ Certificateholders and the Class C Interest Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972000-1 Certificateholders' Interest5 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 5 shall be reduced to zero and the Series 19972000-1 5 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972002-1 Certificateholders' Interest4 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972002-1 4 shall be reduced to zero and the Series 19972002-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 1997-1 Certificateholders' Interest2001- 2 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 2 shall be reduced to zero and the Series 19972001-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19971999-1 Certificateholders' InterestHolders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19971999-1 shall each be reduced to zero and the Series 19971999-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972002-1 Certificateholders' Interest2 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972002-1 2 shall be reduced to zero and the Series 19972002-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest8 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 8 shall be reduced to zero and the Series 19972001-1 8 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% or less of the Initial largest Invested AmountAmount at any time on or after the Closing Date, the Transferor shall have the option to purchase the Series 1997-1 One Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon11:00 a.m., New York City time, on such day the Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 One shall be reduced to zero and the Series 1997-1 One Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972000-1 Certificateholders' InterestHolders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 shall be reduced to zero and the Series 19972000-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19971998-1 Certificateholders' Interest4 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19971998-1 4 shall each be reduced to zero and the Series 19971998-1 4 Certificateholders and the Class C Interest Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105.0% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 1997-1 Certificateholders' InterestInterest represented by Series 2000-__, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 thirty days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 1997-1 2000-__ Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest6 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 6 shall be reduced to zero and the Series 19972001-1 6 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19972000-1 Certificateholders' Interest4 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 4 shall be reduced to zero and the Series 19972000-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19971999-1 Certificateholders' Interest3 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19971999-1 3 shall each be reduced to zero and the Series 19971999-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 19972000-1 2 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 2 shall be reduced to zero and the Series 1997-1 S Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the Series 19972000-1 Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972000-1 shall be reduced to zero and the Series 19972000-1 Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).the

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor Seller shall have the option to purchase the interest of the Series 19971999-1 Certificateholders' Interest2 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19971999-1 2 shall each be reduced to zero and the Series 19971999-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 105% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Transferor Servicer or an Affiliate thereof) shall have the option to purchase the interest of the Series 19972001-1 Certificateholders' Interest3 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor Such Seller shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Transferor that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 19972001-1 3 shall be reduced to zero and the Series 19972001-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% [5]% or less of the Initial Invested Amount, the Transferor shall have the option to purchase the Series 1997-1 [199_-_] Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 [199_-_] shall be reduced to zero and the Series 1997-1 [199_-_] Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 10% or less of the Initial largest Invested AmountAmount at any time on or after the Closing Date, the Transferor shall have the option to purchase the Series 19971999-1 One Certificateholders' Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Transferor shall give the Servicer and the Trustee at least 30 days prior written notice of the date on which the Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the The Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available fundssame day funds and such Transferor shall use reasonable efforts to initiate such deposit prior to 11:00 a.m. New York City time on such day. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 19971999-1 One shall be reduced to zero and the Series 19971999-1 One Certificateholders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in subsection 8.01(b).