Common use of Prepaid Contract Clause in Contracts

Prepaid Contract. The Servicer may, at its option and in accordance with its customary and usual practices, agree to permit a Contract in the Contract Pool that is not otherwise contractually prepayable by its terms to become a Prepaid Contract (which shall not include a Contract that becomes an Prepaid Contract due to a Casualty Loss); provided, that the Servicer will not permit the early termination or full prepayment of such a Contract unless (i) such early termination or full prepayment would not result in the Trust receiving an amount (the "Prepayment Amount") less than the sum of (A) the Discounted Contract Balance on the date of such prepayment plus any accrued and unpaid interest payments thereon (at the Discount Rate) and (B) any outstanding Servicer Advances thereon, or (ii) if such early termination or full prepayment would result in the Trust receiving a Prepayment Amount less than the amount set forth in clause (i), either the Vendor or the Sellers shall have agreed to pay the Trust the difference between the Prepayment Amount actually paid and the amount set forth in clause (i) (such payment by the Vendor or Seller also to be considered a "Prepayment Amount").

Prepaid Contract. (a) The Servicer may, at its option and in accordance with its customary and usual practices, agree to permit a Contract in the Contract Contracts Pool that is not otherwise contractually prepayable by its terms to become a Prepaid Contract (which shall not include a Contract that becomes an a Prepaid Contract due to a Casualty Loss); providedPROVIDED, that the Servicer will not permit the early termination or full prepayment of such a Contract unless (i) such early termination or full prepayment would not result in the Trust receiving an amount (the "Prepayment AmountPREPAYMENT AMOUNT") less than the sum of (A) the Discounted Contract Balance on the date of such prepayment plus any accrued and unpaid interest payments thereon (at the Discount Rate) and (B) any outstanding Servicer Advances thereon, or (ii) if such early termination or full prepayment would result in the Trust receiving a Prepayment Amount less than the amount set forth in clause (i), either the Vendor or the Sellers Originators shall have agreed to pay the Trust the difference between the Prepayment Amount actually paid and the amount set forth in clause (i) (such payment by the Vendor or Seller Originator also to be considered a "Prepayment AmountPREPAYMENT AMOUNT"). At the option of the Originators, the Servicer may use the Prepayment Amount to purchase a Substitute Contract for such Prepaid Contract from the Originators.

Prepaid Contract. The Servicer may, at its option and in accordance with its customary and usual credit and collection practices, agree to permit a Contract in the Contract Contracts Pool that is not otherwise contractually prepayable by its terms to (a) prepay in part or (b) become a Prepaid Contract (which shall not include a Contract that becomes an Prepaid Contract due to a Casualty Loss); provided, provided that the Servicer will not permit the early termination or full prepayment of such a Contract unless (i) such early termination or full prepayment would not result in the Trust receiving an amount (the "Prepayment Amount") less than the sum of (A) the Discounted Contract outstanding Principal Balance on the date of such prepayment plus any accrued and unpaid interest payments thereon (at the Discount Rate) and (B) any outstanding Unreimbursed Servicer Advances thereonthereon (unless effectively waived and released by the Servicer), or (ii) if such early termination or full prepayment would result in the Trust receiving a Prepayment Amount less than the amount set forth in clause (i), either the Vendor or the Sellers Originator shall have agreed to pay the Trust the difference between the Prepayment Amount actually paid and the amount set forth in clause (i) (such payment by the Vendor or Seller Originator also to be considered a "Prepayment Amount").Prepayment

Prepaid Contract. The Servicer may, at its option and in accordance with its customary and usual practices, agree to permit a Contract in the Contract Contracts Pool that is not otherwise contractually prepayable by its terms to become a Prepaid Contract (which shall not include a Contract that becomes an Prepaid Contract due to a Casualty Loss); provided, that the Servicer will not permit the early termination or full prepayment of such a Contract unless (i) such early termination or full prepayment would not result in the Trust receiving an amount (the "Prepayment Amount") less than the sum of (A) the Discounted Contract Balance on the date of such prepayment plus any accrued and unpaid interest payments thereon (at the Discount Rate) and (B) any outstanding Servicer Advances thereon, or (ii) if such early termination or full prepayment would result in the Trust receiving a Prepayment Amount less than the amount set forth in clause (i), either the Vendor or the Sellers Originators shall have agreed to pay the Trust the difference between the Prepayment Amount actually paid and the amount set forth in clause (i) (such payment by the Vendor or Seller Originator also to be considered a "Prepayment Amount"). At the option of the Originators, the Servicer may use the Prepayment Amount to purchase a Substitute Contract for such Prepaid Contract from the Originators.

Prepaid Contract. The Servicer may, at its option and in accordance with its customary and usual practices, agree to permit a Contract in the Contract Pool that is not otherwise contractually prepayable by its terms to become a Prepaid Contract (which shall not include a Contract that becomes an Prepaid Contract due to a Casualty Loss); provided, that the Servicer will not permit the early termination or full prepayment of such a Contract unless (i) such early termination or full prepayment would not result in the Trust receiving an amount (the "Prepayment Amount") less than the greater of (x) the sum of (A) the Discounted Contract Balance on the date of such prepayment plus any accrued and unpaid interest payments thereon (at the weighted average of the Series Discount RateRates in effect on the date of such payment) and (B) any outstanding Servicer Advances thereonthereon and (y) the present value of remaining Scheduled Payments under such Contract, discounted at a rate equal to 150 basis points over the monthly-equivalent yield of the U.S. treasury security with a maturity closest to the remaining life of the Contract being prepaid or (ii) if such early termination or full prepayment would result in the Trust receiving a Prepayment Amount from the End-User less than the amount set forth in clause (i), either the Vendor or the Sellers Financing Originator shall have agreed to pay the Trust the difference between the Prepayment Amount actually paid by the End-User and the amount set forth in clause (i) (such payment by the Vendor or Seller Financing Originator also to be considered a "Prepayment Amount").