Common use of Reacquisition of Receivables; Payment of Acquisition Amount Clause in Contracts

Reacquisition of Receivables; Payment of Acquisition Amount. If an Originator chooses to cure a breach of the Eligibility Representation that has a material adverse effect on the Issuer, such breach must be cured by such Originator by the end of the second month following the month the Responsible Person of such Originator received written notice of the breach as set forth above. If such breach (i) is not cured and (ii) had a material adverse effect on the Issuer, then such Originator must reacquire any such Receivable transferred by it to the Depositor for which the Eligibility Representation was breached. Each Originator will reacquire the Receivables transferred by it to the Depositor as described in the immediately preceding sentence by remitting the Acquisition Amount for the related Receivables on or before the Business Day before the Payment Date following the end of the second month referenced in the first sentence hereof (or, with satisfaction of the Rating Agency Condition, on such Payment Date).

Reacquisition of Receivables; Payment of Acquisition Amount. If an Originator chooses to cure a breach of the Eligibility Representation that has a material adverse effect on the Issuer, such breach must be cured by such Originator by the end of the second month following the month the Responsible Person of such Originator received written notice of the breach as set forth above. If such breach (i) is not cured and (ii) had a material adverse effect on the Issuer, then such Originator must reacquire any such Receivable transferred by it to the Depositor for which the Eligibility Representation was breached. Each Originator will reacquire the Receivables transferred by it to the Depositor as described in the immediately preceding sentence by remitting the Acquisition Amount for the related Receivables on or before the Business Day before the Payment Date following the end of the second month referenced in the first foregoing sentence hereof (or, with satisfaction of the Rating Agency Condition, on such Payment Date).

Reacquisition of Receivables; Payment of Acquisition Amount. If an Originator chooses to cure a breach of the Eligibility Representation that has a material adverse effect on the Issuer, such breach must be cured by such Originator by the end of the second month following the month the Responsible Person of such Originator received written notice of the breach as set forth above. If such breach (i) is not cured and (ii) had a material adverse effect on the Issuer, then such Originator must reacquire any such Receivable transferred by it to the Depositor for which the Eligibility Representation was breached. Each Originator will reacquire the Receivables transferred by it to the Depositor as described in the immediately preceding sentence by remitting paying the Acquisition Amount for the related Receivables on or before the Business Day before the Payment Date following the end of the second month referenced in the first foregoing sentence hereof (or, with satisfaction of the Rating Agency Condition, on such Payment Date).

Reacquisition of Receivables; Payment of Acquisition Amount. If an Originator chooses to cure a breach of the Eligibility Representation that has a material adverse effect on the Issuer, such breach must be cured by such Originator by the end of the second [second] month following the month the Responsible Person of such Originator received written notice of the breach as set forth above. If such breach (i) is not cured and (ii) had a material adverse effect on the Issuer, then such Originator must reacquire any such Receivable transferred by it to the Depositor for which the Eligibility Representation was breached. Each Originator will reacquire the Receivables transferred by it to the Depositor as described in the immediately preceding sentence by remitting paying the Acquisition Amount for the related Receivables on or before the Business Day before the Payment Date following the end of the second [second] month referenced in the first foregoing sentence hereof (or, with satisfaction of the Rating Agency Condition, on such Payment Date).

Reacquisition of Receivables; Payment of Acquisition Amount. If an Originator chooses to cure a breach of the Eligibility Representation that has a material adverse effect on the Issuer, such breach must be cured by such Originator by the end of the second month following the month the Responsible Person of such Originator received written notice of the breach as set forth above. If such breach (i) is not cured and (ii) had a material adverse effect on the Issuer, then such Originator must reacquire any such Receivable transferred by it to the Depositor for which the Eligibility Representation was breached. Each Originator will reacquire the Receivables transferred by it to the Depositor as described in the immediately preceding sentence by remitting payingremitting the Acquisition Amount for the related Receivables on or before the Business Day before the Payment Date following the end of the second month referenced in the first foregoing sentence hereof (or, with satisfaction of the Rating Agency Condition, on such Payment Date).