Reassignment and Transfer Terms. The Investor Certificates shall be subject to retransfer to the Seller at its option, in accordance with the terms specified in subsection 12.02(a), on any Distribution Date on or after the Distribution Date on which the Investor Interest is reduced to an amount less than or equal to 5% of the Initial Investor Interest. The deposit required in connection with any such repurchase shall include the amount, if any, on deposit in the Principal Funding Account and will be equal to the sum of (a) the Investor Interest and (b) accrued and unpaid interest on the Investor Certificates through the day preceding the Distribution Date on which the repurchase occurs.
Reassignment and Transfer Terms. 28 SECTION 5. Delivery and Payment for the Certificates .....................................................28 SECTION 6. Form of Delivery of the Series 1998-1 Certificates ............................................29 SECTION 7.
Reassignment and Transfer Terms. The Series 2001-1 ------------------------------- Certificates shall be subject to retransfer to the Transferor at its option, in accordance with the terms specified in subsection 12.02(a) of the Agreement, on any Distribution Date on or after the Distribution Date on which the Invested Amount is reduced to an amount less than or equal to 5% of the Initial Invested Amount. The deposit required in connection with any such repurchase shall be equal to the Invested Amount plus accrued and unpaid interest on the Series 2001-1 Certificates through the Record Date preceding the Distribution Date on which the repurchase occurs.
Reassignment and Transfer Terms. 13 SECTION 5. Delivery and Payment for the Investor Certificates............13 SECTION 6. Form of Delivery of Investor Certificates.....................13 SECTION 7. Article IV of Agreement.......................................13 SECTION 8. Article V of the Agreement....................................24 SECTION 9. Series 2003-5 Pay Out Events..................................26 SECTION 10. Series 2003-5 Termination....................................27 SECTION 11. Counterparts.................................................28 SECTION 12. (a) Governing Law............................................28 (b) Article 8................................................28
Reassignment and Transfer Terms. 21 SECTION 5. Delivery and Payment for the Investor Certificates.............21 SECTION 6. Depository; Form of Delivery of Investor Certificates; Legends; Transfer Restrictions and Procedures...........................21
Reassignment and Transfer Terms. The Series 1998-1 Certificates may be reassigned and transferred to the Transferor at the option of the Transferor on any Distribution Date during the Amortization Period on or after which the Invested Amount is reduced to an amount less than or equal to 5% of the Initial Invested Amount, subject to the provisions of Section 12.2 of the Agreement.
Reassignment and Transfer Terms. 2 SECTION 4. Delivery and Payment for the Collateral Certificates......... 2 SECTION 5. Form of Delivery of Collateral Certificates.................. 2 SECTION 6. Article IV of Agreement...................................... 2 SECTION 7. Series Pay Out Events and Events of Default; Servicer Defaults............................................ 3 SECTION 8. Successors and Assigns....................................... 3 SECTION 9. Modification to and Ratification of Agreement................ 3 SECTION 10. Counterparts................................................. 3
Reassignment and Transfer Terms. (a) If the Servicer purchases, redeems or prepays any Note Series pursuant to an optional redemption provision under the related Indenture Supplement, then the related Collateral Series shall be deemed to have been retired. Upon the termination of any Note Series pursuant to the Indenture, the related Collateral Series shall also terminate.
(b) Once each Series of Certificates issued under the Agreement has been retired, other than the Collateral Series and any other Series the requisite holders of which have consented to the following transactions, the holder of the Transferor Interest shall have the option to transfer the Transferor Interest to the Note Trust, upon which transfer the Trust shall terminate, and all of the Trust Assets shall be distributed to the Note Trust, as holder of all of the beneficial interests in the Trust; PROVIDED that such termination shall not take effect until Transferor has delivered to the Indenture Trustee a Tax Opinion (as defined in Annex A to the Master Indenture) with respect to the termination and favorable legal opinions as to (i) the enforceability of any documents executed by Transferor in connection with the termination and (ii) the validity and priority of the security interest in the Receivables and the proceeds thereof granted by Transferor to Issuer pursuant to the Transfer and Servicing Agreement, on terms substantially similar to the most recent legal opinion delivered by Transferor's counsel as to the validity and priority of the security interest granted by Transferor to the Trust in connection with the then most recently issued Note Series.
Reassignment and Transfer Terms. The Series 1997-U ------------------------------- Certificates may be reassigned and transferred to the Seller on any Distribution Date in the Amortization Period or the Rapid Amortization Period on or after the Invested Amount is reduced to an amount less than or equal to 5% of the Initial Invested Amount in accordance with the terms specified in subsection 12.02(a) of the Agreement, subject to any limitation specified in the Loan Agreement. The repurchase price of any such repurchase shall be equal to the Adjusted Invested Amount plus accrued and unpaid interest on the Series 1997-U Certificates through the Distribution Date on which the repurchase occurs.
Reassignment and Transfer Terms. The Series 1998-1 Investor Certificates shall be subject to transfer to the Transferor at its option, in accordance with the terms specified in subsection 12.2(a) of the Agreement, on any Distribution Date on or after the Distribution Date on which the Investor Interest is reduced to an amount less than or equal to 5% of the Initial Investor Interest. The Series 1998-1 Investor Certificates shall be subject to mandatory transfer to the Transferor, in accordance with the terms specified in subsection 12.2(a) of the Agreement, on the Distribution Date immediately preceding the Scheduled Series 1998-1 Termination Date if the Investor Interest is reduced to an amount less than or equal to 5% of the Initial Investor Interest and the conditions specified in the proviso to Section 12.2(a) of the Agreement shall have been satisfied. The deposit required in connection with any such purchase shall be equal to (a) the Investor Interest, plus (b) accrued and unpaid interest (other than Class A Excess Interest or Class B Excess Interest, as the case may be) on the Series 1998-1 Investor Certificates through and including the day preceding the day on which such purchase occurs, plus (c) all additional amounts then due and payable to the Collateral Interest Holder under the Loan Agreement, less (d) the amount on deposit in the Finance Charge Account which will be transferred to the Distribution Account pursuant to Section 4.6 on the related Transfer Date, less (e) the amount on deposit in the Principal Account which will be transferred to the Distribution Account pursuant to the second paragraph of Subsection 4.8(a) on the related Transfer Date. The mandatory purchase requirement is in addition to any other provisions and remedies provided by the Agreement and shall not serve to relieve any party of obligations it may otherwise have or waive any remedy that is otherwise provided in the Agreement.
