Optional Repurchases. At any time that the Aggregate Investment is less than 10% of the Aggregate Commitment in effect on the date hereof, the Seller may, upon thirty days' notice to the Agent and each Purchaser Agent, repurchase the entire Sold Interest from the Purchasers at a price equal to the outstanding Matured Aggregate Investment and all other amounts then owed hereunder.
Optional Repurchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, the Transferor shall have the right, but not the obligation, to repurchase from the Retention Holder and cause the Retention Holder to repurchase from the Issuer and convey to the Transferor any such Collateral Obligation subject to the Repurchase and Substitution Limit and the applicable provisions set forth in Sections 12.3 and 12.4 of the Indenture. In the event of such a repurchase, the Transferor shall deposit in the Collection Account an amount equal to the Transfer Deposit Amount for such Collateral Obligation (or applicable portion thereof) as of the date of such repurchase (with the amount of the Transfer Deposit Amount representing the outstanding principal balance of the repurchased Collateral Obligation being deposited into the Principal Collection Subaccount and the amount of the Transfer Deposit Amount representing accrued interest being deposited into the Interest Collection Subaccount, regardless of whether such amounts are deemed to be capital contributions). The Transferor, the Retention Holder and the Issuer and, at the written direction of the Issuer, the Trustee, shall execute and deliver such instruments, consents or other documents and perform all acts reasonably requested by the Transferor or by the Collateral Manager in order to effect the transfer and release of any of the Issuer’s and Retention Holder’s interests in the Collateral Obligations (together with the Assets related thereto) that are being repurchased and the release thereof from the lien of the Indenture and from any security interests therein granted pursuant to this Agreement. To the extent any cash or other property received by the Issuer from the Retention Holder in connection with such a repurchase exceeds the fair market value of the repurchased Collateral Obligation, such excess shall be deemed a capital contribution from the Retention Holder to the Issuer, and to the extent any cash or other property received by the Retention Holder from the Transferor in connection with such a repurchase exceeds the fair market value of the repurchased Collateral Obligation, such excess shall be deemed a capital contribution from the Transferor to the Retention Holder.
Optional Repurchases. At any time that the Aggregate Investment is less than 10% of the highest Aggregate Investment outstanding at any time hereunder, the Master Servicer may, upon thirty days’ notice to the Agent, purchase the Sold Interests from the Purchasers at a price equal to the outstanding Matured Aggregate Class A Investment, the outstanding Matured Aggregate Class B Investment and all other amounts then owed hereunder.
Optional Repurchases. With respect to each Trigger Test Pool, (i) at any time after July 31, 2010, or (ii) at any time after the Trigger Test Pools become Terminated Trigger Test Pools and, in each case, upon at least thirty (30) days prior written notice from the Seller to the Purchaser (each, a “Repurchase Notice”), Seller, in its sole discretion, shall have the right but not the obligation to repurchase any Trigger Test Pool or such Terminated Trigger Test Pools, as applicable, in each case in whole, but not in part, by remitting the Repurchase Amount. If any Trigger Test Pool, other than Terminated Trigger Test Pools, is to be repurchased pursuant to this Section 9.1, the Seller shall designate a date for such repurchase in the Repurchase Notice (the “Repurchase Date”) which shall be a date occurring in August 2010, if applicable, or thereafter in the first calendar month of March, June, September or December to begin after the date of the Repurchase Notice. If Terminated Trigger Test Pools are to be repurchased pursuant to this Section 9.1, the Seller shall designate a date for such repurchase in the Repurchase Notice (the “Repurchase Date”) which shall be at least thirty (30) days, but not more than sixty (60) days, after the date of the Repurchase Notice. The Repurchase Amount shall be determined as of the Repurchase Date and, in connection with such repurchase, all amounts owed to the Sub-Servicer, and the Master Servicer with respect to the Trigger Test Pool(s) or Terminated Trigger Test Pools, as applicable, being repurchased shall be paid. The Seller shall wire transfer the Repurchase Amount to Purchaser on the Repurchase Date; if, however, in the event that payment of the Repurchase Amount shall occur after the Repurchase Date, Purchase shall be entitled to receive any and all Yield Premium through the date that the Repurchase Amount is tendered to Purchaser. Thereupon, the Seller shall succeed to all interests of the Purchaser in and to the property comprising the applicable Tranche. Purchaser hereby agrees to execute all documents of assignment as are requested by Seller.
Optional Repurchases. 18 Section 6.3 Conveyance of Repurchased Receivables.................................... 19 Section 6.4 Sole Remedy.............................................................. 19 Section 6.5
Optional Repurchases. 6 Section 1.8. Assignment of Purchase Agreement..................... 6
Optional Repurchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, the Transferor shall have the right, but not the obligation, to repurchase from the Depositor and cause the Depositor to repurchase from the Issuer and convey to the Transferor any such Collateral Obligation subject to the Repurchase and Substitution Limit and the applicable provisions set forth in Sections 12.3 and 12.4 of the Indenture. In the event of such a repurchase, the Transferor shall deposit in the Collection Account an amount equal to the Transfer Deposit Amount for such Collateral Obligation (or applicable portion thereof) as of the date of such repurchase. The Transferor, the Depositor and the Issuer and, at the written direction of the Issuer, the Trustee, shall execute and deliver such instruments, consents or other documents and perform all acts reasonably requested by the Transferor or by the Collateral Manager in order to effect the transfer and release of any of the Issuer’s and Depositor’s interests in the Collateral Obligations (together with the Assets related thereto) that are being repurchased and the release thereof from the lien of the Indenture and from any security interests therein granted pursuant to this Agreement. To the extent any cash or other property received by the Issuer from the Depositor and by the Depositor from the Transferor in connection with such a repurchase exceeds the fair market value of the repurchased Collateral Obligation, such excess shall be deemed a capital contribution from the Transferor to the Depositor and from the Depositor to the Issuer.
Optional Repurchases. In addition to the right to substitute for any Collateral Obligations that become subject to a Substitution Event, the Originator shall have the right, but not the obligation, to repurchase from the Issuer any such Collateral Obligation subject to the Repurchase and Substitution Limit and the conditions set forth in the Indenture. In the event of such a repurchase, the Originator shall deposit in the Collection Account an amount equal to the Transfer Deposit Amount for such Collateral Obligation (or applicable portion thereof) as of the date of such repurchase. The Originator, the Depositor and the Issuer shall execute and deliver such instruments, consents or other documents and perform all acts reasonably requested by the Originator and the Collateral Manager in order to effect the transfer and release of any of the Issuer’s interests in the Collateral Obligations (together with the Assets related thereto) that are being repurchased and the release thereof from the lien of the Indenture.
Optional Repurchases. Subject to the payment of any LIBOR breakage costs and any other fee or payment then due in accordance with terms hereof, the applicable Seller may repurchase Purchased Assets, without penalty or premium (other than any fees payable), in whole on any date and in part on any date so long as no Margin Deficit, Default or Event of Default shall have occurred and then be continuing. If the applicable Seller intends to make any such repurchase, Seller shall give one (1) Business Day's prior written notice thereof to Buyer, which notice shall specifically identify any Purchased Assets to be repurchased in whole. The Repurchase Price specified in any such notice shall be due and payable on the date specified therein, and, upon payment thereof, such amount shall be applied (i) with respect to Purchased Assets being repurchased in whole, subject to Section 3.04(c), to the Repurchase Price of the Purchased Assets identified by the Seller and (ii) with respect to repurchases made in part, pro rata to the Repurchase Price of all Purchased Assets.
Optional Repurchases. (a) Buyer shall have the option to -------------------- require RPA Seller to repurchase all of Buyer's rights, titles, and interests in, to, and under all Receivables transferred by RPA Seller hereunder and created pursuant to certain Accounts designated by Buyer (the "Removed Accounts"); provided that, Buyer shall only be entitled to require ---------------- -------- ---- such repurchase (i) if Buyer is able to effect a retransfer of such Receivables from the Receivables Trust in compliance with Section 2.7 of ----------- the Servicing Agreement, and (ii) if Buyer and both RPA Seller mutually agree as to the designation of the Removed Accounts. On or before the fifth Business Day (the "Repurchase Notice Date") prior to the date on which the ---------------------- Removed Accounts will be designated by Buyer, Buyer shall give RPA Seller written notice of its election to require RPA Seller to so repurchase the Receivables of the Removed Accounts on the date specified in such notice (the "Repurchase Date"). The Repurchase Price for an optional repurchase --------------- effected pursuant to this Section 6.2(a) shall be for Receivables purchased -------------- pursuant to Section 2.7 of the Servicing Agreement, an amount equal to the ----------- total recorded unpaid balance of such repurchased Receivables (including Principal Receivables and Finance Charge
