Common use of Redemption of the Notes Clause in Contracts

Redemption of the Notes. (a) Subject to Section 7.01(b), on any Business Day after July 2015, the Issuers may, at their option, elect to purchase the Outstanding Notes, in whole or in part, to be allocated pro rata among all Series and Class of Notes on any Business Day (such date, the “Redemption Date”) in an amount equal to (i) the Applicable Paydown Percentage with respect to the then outstanding Aggregate Series Principal Balance, plus all accrued and unpaid interest (including any Post-ARD Additional Interest) thereon, (ii) all amounts outstanding to the Indenture Trustee, the Property Manager, the Special Servicer and the Back-Up Manager and (iii) the required Make Whole Amount, if any ((i), (ii) and (iii), the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 days prior to the Redemption Date, which such notice will include the Applicable Paydown Percentage of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (ii) of the definition of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shall: (1) remit principal amounts set forth under clause (i) of the definition of Redemption Amount, pro rata, to the Noteholders of each Series based on the respective Outstanding Principal Balances of each such Series, and shall remit interest amounts set forth under clause (i) of the definition of Redemption Amount and amounts set forth under clause (iii) of the definition of Redemption Amount to the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to payment; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a); and (3) with respect to a purchase of all of the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the Properties, the Leases and the Mortgage Loans specified in the applicable redemption notice and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designees. (b) In addition to the right of redemption set forth in Section 7.01(a), the Notes of each Series shall be subject to mandatory or optional redemption as provided in the applicable Series Supplement.

Redemption of the Notes. (a) Subject to Section 7.01(b), on any Business Day after July 2015, the Issuers may, at their option, elect to purchase the Outstanding Notes, in whole or in part, to be allocated pro rata among all Series and Class of Notes on any Business Day (such date, the “Redemption Date”) in an amount equal to (i) the Applicable Paydown Percentage with respect to the then outstanding Aggregate Series Principal Balance, plus all accrued and unpaid interest (including any Post-ARD Additional Interest) thereon, (ii) all amounts outstanding to the Indenture Trustee, the Property Manager, the Special Servicer and the Back-Up Manager and (iii) the required Make Whole Amount, if any ((i), (ii) and (iii), the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 days prior to the Redemption Date, which such notice will include the Applicable Paydown Percentage of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (ii) of the definition of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shall: (1) remit principal amounts set forth under clause (i) of the definition of Redemption Amount, pro rata, to the Noteholders of each Series based on the respective Outstanding Principal Balances of each such Series, and shall remit interest amounts set forth under clause (i) of the definition of Redemption Amount and amounts set forth under clause (iii) of the definition of Redemption Amount to the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to payment; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a); and (3) with respect to a purchase of all of the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the Properties, the Leases and the Mortgage Loans specified in the applicable redemption notice and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designees. (b) In addition to the right of redemption set forth in Section 7.01(a), the The Notes of each Series shall be subject to mandatory or optional redemption as provided in clause (b) below unless otherwise specified in the applicable Series Supplement. (b) Unless otherwise specified in a Series Supplement for any Series of Notes, an optional redemption (it being understood that, for purposes of this Section 7.01, the allocation and distribution of Unscheduled Principal Proceeds shall not constitute an optional redemption) with respect to such Series of Notes or any Class thereof shall occur in the following manner: (i) Any such optional redemption of any Series or Class of Notes shall occur on a Payment Date after the Optional Repayment Date for such Series or Class of Notes; provided, that, if there is no Optional Repayment Date for any Series or Class of Notes, such Series or Class of Notes may be optionally redeemed on any Payment Date. (ii) The applicable Issuers shall provide written notice of any such optional redemption to the Indenture Trustee at least ten (10) days prior to its exercise, and such notice shall specify the amount of principal that will be redeemed (the “Principal Redemption Amount”) and, if available, the amount of any Make Whole Payment (or similar payment), if any, that will be due in respect of such optional redemption (such amount of principal and Make Whole Payment (or similar payment) with respect to any optional redemption, the “Specified Terms”). Following receipt of such notice, the Indenture Trustee, shall provide written notice to the Noteholders of the optional redemption of such Notes. Such notice to Noteholders shall to the extent practicable be mailed no later than five Business Days prior to such Payment Date and shall specify (a) the Specified Terms and (b) in the event that such Payment Date will constitute the Final Payment Date with respect to any Notes, that amounts will be payable on such Payment Date only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for such final payment. (c) In the event of any optional redemption with respect to any Notes of any Series, the applicable Issuer(s) will deposit (or cause to be deposited) amounts (other than Available Amounts) that, when combined with the Series Available Amount allocated to such Series on the Payment Date on which such optional redemption occurs, will result in sufficient funds being available in order to pay in full, pursuant to the terms of the applicable Series Supplement, (i) the Principal Redemption Amount with respect to such Notes, (ii) all accrued and unpaid interest on such Notes and (iii) the Make Whole Payment (or any similar payment) payable on such Notes in respect of such optional redemption. The Indenture Trustee shall treat any amounts so deposited as Series Available Amounts with respect to such Series of Notes, and such amounts shall not be available to make payments with respect to any other Series of Notes or pay any other obligations of any Issuer. In the event that any such optional redemption is to occur on any Payment Date, the applicable Issuer(s) shall deposit (or cause to be deposited) amounts (other than Available Amounts) that, when combined with the Available Amount on such Payment Date, will be sufficient in order to pay in full all Collateral Pool Expenses for such Payment Date in accordance with Section 2.11(b).

Redemption of the Notes. 6.1 On or after the Scheduled Special Rights Expiration Date, for so long as the Assignee or its Affiliate is the Note Holder (aas defined in the Notes) Subject and one or both of the Notes remains outstanding, Assignee or its Affiliate, as the case may be, as the Note Holder, may cause the Company to Section 7.01(bredeem the outstanding Note(s) and cause to be due and payable the outstanding principal amount of such Note(s), on any Business Day after July 2015plus accrued and unpaid interest to, but not including, the Issuers may, at their option, elect to purchase the Outstanding Notes, in whole or in part, to be allocated pro rata among all Series and Class of Notes on any Business Day redemption date (such date, the “Redemption DatePrice”), by delivering written notice to Assignor and the Company (“Redemption Notice”) in an amount equal electing for the Note(s) to be redeemed. Effective upon delivery of the Redemption Notice, (i) the Applicable Paydown Percentage with respect to Special Rights shall be reinstated (or if the then outstanding Aggregate Series Principal BalanceRedemption Notice is provided on the Scheduled Special Rights Expiration Date, plus all accrued the Special Rights shall continue without interruption), and unpaid interest (including any Post-ARD Additional Interest) thereonbe in full force and effect, and (ii) all amounts outstanding to the Indenture TrusteeMinority Rights (as defined in the Stockholders Agreement) shall be suspended (or if the Redemption Notice is provided on the Scheduled Special Rights Expiration Date, the Property ManagerMinority Rights shall not then become effective), in all instances pending action of the Assignor as provided in Section 6.2 below. 6.2 If, within fifteen (15) days following the date of the delivery of the Redemption Notice (“Response Period”), Assignor delivers to Assignee a responsive notice (“Response Notice”) electing to maintain the reinstatement (or continued instatement, as the case may be) of the Special Servicer Rights, then (i) the Special Rights shall continue to be reinstated (or instated), and shall remain in existence with full force and effect, until the Back-Up Manager earlier of (A) the Maturity Date and (iiiB) the required Make Whole Amount, if any date of full repayment of unpaid principal and accrued interest on the Notes ((i), the “Repayment Date”) by the Company and (ii) the Minority Rights (as defined in the Stockholders Agreement) shall be suspended, to be reinstated (or instated for the first time, as the case may be) on the Repayment Date. For the avoidance of doubt, after the Scheduled Special Rights Expiration Date, Assignee shall not have Special Rights unless and until reinstated (iii)or remaining in existence, as the case may be) pursuant to the terms of Section 6.1 and this Section 6.2. 6.3 If Assignor does not timely deliver the Response Notice, the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Company shall redeem the Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 days prior to Redemption Price shall be due and payable on a Business Day (as defined in the Redemption Date, which such notice will include Notes) mutually agreed between the Applicable Paydown Percentage Company and Assignee that shall be between five (5) Business Days and ten (10) Business Days after the date of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (ii) expiration of the definition Response Period (or if there is no such agreement, then on the tenth (10th) Business Day after the expiration of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shallResponse Period). 6.4 The parties hereto acknowledge and agree that: (1) remit principal amounts the terms of this Section 6 are intended to supplement the rights and obligations set forth under clause (i) in Section 2 of the definition Stockholders Agreement and in the event of Redemption Amount, pro rata, to any conflict or inconsistency between the Noteholders of each Series based on the respective Outstanding Principal Balances of each such Series, and shall remit interest amounts set forth under clause (i) terms of the definition of Redemption Amount Stockholders Agreement and amounts set forth under clause (iii) of the definition of Redemption Amount to terms hereof, the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to paymentterms hereof shall govern; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as rights and obligations set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a)6 may not be transferred and are not binding on Assignor or the Company upon a transfer of this Agreement, except in connection with a transfer to an Affiliate of ORIX PTP Holdings LLC; and (3) with respect notwithstanding anything contained in the Stockholders Agreement and anything contained herein, upon a transfer to a purchase third party that is not an Affiliate of all of ORIX PTP Holdings LLC that occurs on a date that is after the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the PropertiesScheduled Special Rights Expiration Date, the Leases Special Rights (but not the Minority Rights, which shall remain in full force and the Mortgage Loans specified in the applicable redemption notice effect) shall terminate and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall may not be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designeesreinstated. (b) In addition to the right of redemption set forth in Section 7.01(a), the Notes of each Series shall be subject to mandatory or optional redemption as provided in the applicable Series Supplement.

Redemption of the Notes. (a) Subject to Section 7.01(b), on any Business Day after July 2015, the Issuers may, at their option, elect to purchase the Outstanding Notes, in whole or in part, to be allocated pro rata among all Series and Class of Notes on any Business Day (such date, the “Redemption Date”) in an amount equal to (i) the Applicable Paydown Percentage with respect to the then outstanding Aggregate Series Principal Balance, plus all accrued and unpaid interest (including any Post-ARD Additional Interest) thereon, (ii) all amounts outstanding to the Indenture Trustee, the Property Manager, the Special Servicer and the Back-Up Manager and (iii) the required Make Whole Amount, if any ((i), (ii) and (iii), the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 days prior to the Redemption Date, which such notice will include the Applicable Paydown Percentage of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (ii) of the definition of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shall: (1) remit principal amounts set forth under clause (i) of the definition of Redemption Amount, pro rata, to the Noteholders of each Series based on the respective Outstanding Principal Balances of each such Series, and shall remit interest amounts set forth under clause (i) of the definition of Redemption Amount and amounts set forth under clause (iii) of the definition of Redemption Amount to the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to payment; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a); and (3) with respect to a purchase of all of the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the Properties, the Leases and the Mortgage Loans specified in the applicable redemption notice and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designees. (b) In addition to the right of redemption set forth in Section 7.01(a), the The Notes of each Series shall be subject to mandatory or optional redemption as provided in the applicable Series Supplement. (b) The Notes shall not be redeemed in an optional redemption, unless the Issuer sends written notice to the Indenture Trustee and each Insurer stating that it will redeem the Notes, in whole or in part as set forth in such notice on a Payment Date that is not less than 32 days from the date of such notice. The Issuer may rescind such notice of an optional redemption, by written notice to the Indenture Trustee and each Insurer not less than 7 days before the applicable date of such optional redemption. (c) The Indenture Trustee shall apply the proceeds received in connection with any optional redemption, pro rata, based on the principal balance of the Notes to be redeemed, to the Holders of the related Class or Classes of Notes. The Issuer or Co-Issuer, as applicable, shall determine the applicable date of redemption and the redemption record date and give notice thereof to the Indenture Trustee pursuant to Section 7.01(d). (d) In the event of any redemption, the Issuer or the Co-Issuer, as applicable, shall, at least 30 days prior to the applicable date of redemption (unless the Indenture Trustee shall agree to a shorter notice period), notify the applicable Hedge Counterparty, the applicable Insurer and the Indenture Trustee of such applicable date of redemption, the redemption record date and the redemption price of the Notes of each Class. In addition, the Issuer or the Co-Issuer, as applicable, shall promptly notify the Rating Agencies after any redemption. (e) Notice of a redemption shall be given by first-class mail, postage prepaid, mailed not later than 30 days prior to the applicable date of redemption, to each applicable Noteholder at such Noteholder’s address in the Note Register. All such notices shall state: (i) the applicable date of redemption; (ii) the redemption price for each Class; (iii) if applicable, that final repayment of all the Notes of each such Class is being made and that interest on such Notes shall cease to accrue on the date specified in the notice; and (iv) if applicable, the place or places where any such Notes to be redeemed are to be surrendered for payment of the redemption price, which shall be the office or agency of the Indenture Trustee. In the event such redemption is withdrawn, the Indenture Trustee shall give notice of such withdrawal by overnight courier guaranteeing next day delivery, sent not later than the third Business Day prior to the scheduled date of redemption, to each Noteholder to be repaid or redeemed at such Noteholder’s address in the Note Register, the applicable Hedge Counterparty and each Insurer. Notice of redemption shall be given by the Issuer or the Co-Issuer, as applicable, or, at the Issuer’s or such Co-Issuer’s request, by the Indenture Trustee in the name and at the expense of the Issuer or such Co-Issuer. Failure to give such notice, or any defect therein, to the Holder of any Note selected for redemption shall not impair or affect the validity of the redemption of any other Notes. (f) Notice of redemption having been given as required pursuant to this Section 7.01, unless such notice has been withdrawn, the Notes subject to redemption shall, on the date of redemption, become due and payable at the redemption price therein specified, and from and after the date of redemption (unless the Issuer or the Co-Issuer, as applicable, shall default in the payment of the redemption price) such Notes shall cease to bear interest. Upon final payment on a Note to be repaid or redeemed in full, the Noteholder shall present and surrender such Note at the place specified in the notice of repayment or redemption on or prior to such date of redemption; provided, however, that if there is delivered to the Issuer or the Co-Issuer, as applicable, such security or indemnity as may be required by them to save each of them harmless and an undertaking thereafter to surrender such Note, then, in the absence of notice to the Issuer or the Co-Issuer, as applicable, such final payment shall be made without presentation or surrender. If any Note to be called for redemption shall not be paid upon surrender thereof for redemption, the principal thereof shall, until paid, bear interest from the date of redemption at the applicable Interest Rate for each successive Accrual Period the Note remains outstanding.

Redemption of the Notes. Section 401 Redemption of the Notes at the Option of the Corporation. (a) Subject to Section 7.01(b)The Notes at any time from their date of issuance, on any Business Day after July 2015, the Issuers may, at their option, elect to purchase the Outstanding Notesare redeemable, in whole or in part, to be allocated pro rata among all Series and Class at the option of Notes on any Business Day (such datethe Corporation, the “Redemption Date”) in an amount equal to upon not less than (i) the Applicable Paydown Percentage with respect 45 days notice to the then outstanding Aggregate Series Principal Balance, plus all accrued Trustee (unless a shorter time shall be acceptable to the Trustee for its convenience) and unpaid interest (including any Post-ARD Additional Interest) thereon, (ii) all amounts outstanding 30 nor more than 60 days prior written notice at a Redemption Price as evidenced by an Officer's Certificate of the Corporation equal to the Indenture Trustee, the Property Manager, the Special Servicer and the Back-Up Manager and (iii) the required Make Whole Amount, if any (greater of (i), ) 100% of their principal amount or (ii) the sum of the present values of the remaining scheduled payments of principal and (iii), the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 days prior interest thereon discounted to the Redemption Date, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at the applicable Treasury Yield plus 20 basis points, together with the accrued interest to the Redemption Date; provided, however, that interest installments due on an Interest Payment Date which such notice is on or prior to the Redemption Date will include the Applicable Paydown Percentage be payable to those Holders who are Holders of record of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (iior one or more predecessor Notes) as of the definition close of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shall: (1) remit principal amounts set forth under clause (i) of the definition of Redemption Amount, pro rata, to the Noteholders of each Series based business on the respective Outstanding Principal Balances of each regular record date preceding such Series, and shall remit interest amounts set forth under clause (i) of the definition of Redemption Amount and amounts set forth under clause (iii) of the definition of Redemption Amount to the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to payment; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a); and (3) with respect to a purchase of all of the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the Properties, the Leases and the Mortgage Loans specified in the applicable redemption notice and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designeesInterest Payment Date. (b) In addition If the Notes are only partially redeemed pursuant to this Section 401, such Notes will be redeemed pro rata or by lot or by any other method utilized by the right Security Registrar; provided, that if at the time of redemption set forth in Section 7.01(a)redemption, the Notes are registered as a Global Note, the Depositary shall determine, in accordance with its procedures, the principal amount of such Notes beneficially held by each Series shall Holder of Notes to be subject to mandatory or optional redemption as provided in the applicable Series Supplementredeemed.

Redemption of the Notes. (a) Subject to Section 7.01(b), on any Business Day after July 2015Day, the Issuers may, at their option, elect to purchase the Outstanding Notes, in whole or in part, to be allocated pro rata among all Series and Class of Notes on any Business Day (such date, the “Redemption Date”) in an amount equal to (i) the Applicable Paydown Percentage with respect to the then outstanding Aggregate Series Principal Balance, plus all accrued and unpaid interest (including any Interest Carry-Forward Amounts, Post-ARD Additional Interest and Deferred Post-ARD Additional Interest) thereon, (ii) all amounts outstanding to the Indenture Trustee, the Property Manager, the Special Servicer and the Back-Up Manager Manager, and (iii) the required Make Whole Amount, if any ((i), (ii) and (iii), the “Redemption Amount”), any such amounts deposited pursuant to clauses (i) and (iii) above to be allocated pro rata among all Series and Class of Notes by giving written notice to the Indenture Trustee, the Property Manager, the Special Servicer, the Back-Up Manager and the Rating Agencies no less than 15 fifteen (15) days prior to the Redemption Date, which such notice will include the Applicable Paydown Percentage of the Notes to be purchased on such Redemption Date, and the parties to whom payments are owed, and the respective amounts thereof, under clause (ii) of the definition of Redemption Amount. In the event such option is exercised, the Issuers shall deposit in the Collection Account not later than the related Redemption Date an amount in immediately available funds equal to the Redemption Amount. Upon confirmation that such deposit has been made, the Indenture Trustee shall: (1) remit principal amounts set forth under clause (i) of the definition of Redemption Amount, pro rata, to the Noteholders of each Series based on the respective Outstanding Principal Balances of each such Series, and shall remit interest amounts set forth under clause (i) of the definition of Redemption Amount and amounts set forth under clause (iii) of the definition of Redemption Amount to the Noteholders of each Series in accordance with the respective accrued and unpaid amounts to which they are then entitled to payment; (2) pay all amounts set forth under clause (ii) of the definition of Redemption Amount to each applicable party as set forth in the notice of redemption provided by the Issuers pursuant to this Section 7.01(a); and (3) with respect to a purchase of all of the Outstanding Notes under this Section 7.01(a), release or cause to be released to the Issuers the Lease Files and the Loan Files for the Properties, the Leases and the Mortgage Loans specified in the applicable redemption notice and execute all assignments, endorsements and other instruments furnished to it by the Issuers without recourse, as shall be necessary to effectuate transfer of the Notes, the Mortgages, the Mortgage Loans and the Leases to the Issuers or their respective designees. (b) In addition to the right of redemption set forth in Section 7.01(a), the Notes of each Series shall be subject to mandatory or optional redemption or other Voluntary Prepayment as provided in the applicable Series Supplement.