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.

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.

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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 1015% or less of the Initial highest Invested AmountAmount during the Revolving Period, at any time on or after the Closing Date, the Transferor shall have the option to purchase the Series 19971999-1 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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor shall have the option (so long as the Transferor is an Affiliate of the Servicer) to purchase the interest of the Series 19972003-1 Certificateholders' InterestA 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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor shall have the option (so long as the Transferor is an Affiliate of the Servicer) to purchase the interest of the Series 19972002-1 Certificateholders' InterestC 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.

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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor shall have the option to purchase the interest of the Series 1997-1 Certificateholders' Interest200_-_ 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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 10% [10]% or less of the Initial Invested Investor Amount, the Transferor shall have the option to purchase the interest of the Series 1997-1 Certificateholders' Interest[__________] Certificateholders (including the Class C Interests), 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.

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.

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.

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.

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.

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.

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.

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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor shall have the option (so long as the Transferor is an Affiliate of the Servicer) to purchase the interest of the Series 19972002-1 Certificateholders' InterestB 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.

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.

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.

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.

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.

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.

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.

Optional Repurchase. (a) On Subject to Section 12.5 of the Agreement, on any day occurring on or after the date on which the Invested Investor Amount is reduced to 10% or less of the Initial Invested Investor Amount, the Transferor shall have the option to purchase the interest of the Series 19971998-1 Certificateholders' Interest, 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.

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.

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Investor Amount is reduced to 105% or less of the Initial Invested Amount, the Transferor shall have the option (so long as the Transferor is an Affiliate of the Servicer) to purchase the interest of the Series 19972002-1 Certificateholders' InterestA 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.

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.

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.

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.

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.

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 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.