Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 18 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2005-2), Indenture (Harley Davidson Customer Funding Corp), Indenture (Harley Davidson Motorcycle Trust 2004 1)
Redemption. (a) In the event that the Seller Servicer purchases all outstanding Contracts and the related Contract Assets pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the TrustAgreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes Date Amount to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 16 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2019-A), Indenture (Harley-Davidson Motorcycle Trust 2019-A), Indenture (Harley-Davidson Customer Funding Corp.)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 9.01(a) of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Master Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Master Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 15 contracts
Samples: Indenture (WFS Financial 1997-D Owner Trust), Indenture (WFS Financial Auto Loans Inc), Indenture (WFS Financial Auto Loans Inc)
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 8.01(a) of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 14 contracts
Samples: Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 twenty (20) days prior to the Redemption Date and the Issuer shall deposit on the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes. For the avoidance of doubt, the Trust Accounts need not be closed until thirty (30) days after the receipt of such notice.
Appears in 14 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Indenture (BMW Vehicle Owner Trust 2023-A)
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2011-2), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2011-2), Indenture (Harley-Davidson Motorcycle Trust 2011-1)
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 8.01(a) of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 10 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon the Collateral shall be released from the lien of this Indenture and all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 11 contracts
Samples: Onyx Acceptance Owner Trust 2005-A, Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit on the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 11 contracts
Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit no later than the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 10 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2013-C), Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Auto Receivables Trust 2013-A)
Redemption. (a) In the event that the Seller Servicer purchases all outstanding Contracts and the related Contract Assets pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the TrustAgreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall prior to the Redemption Date deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes Date Amount to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 9 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2022-A), Indenture (Harley-Davidson Motorcycle Trust 2022-A), Indenture (Harley-Davidson Customer Funding Corp.)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Receivables pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit no later than the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 9 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2015-C), Indenture (Hyundai Auto Receivables Trust 2015-B), Indenture (Hyundai Auto Receivables Trust 2016-B)
Redemption. (a) In the event that the Seller Servicer purchases all outstanding Contracts and the related Contract Assets pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the TrustAgreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 twenty (20) days prior to the Redemption Date and the Issuer shall prior to the Redemption Date deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes Date Amount to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 8 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-B), Indenture (Harley-Davidson Motorcycle Trust 2024-A)
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 6 contracts
Samples: Indenture (Harley Davidson Customer Funding Corp), Indenture (Harley-Davidson Motorcycle Trust 2006-3), Sale and Servicing Agreement (Harley-Davidson Motorcycle Trust 2007-2)
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 5 contracts
Samples: Indenture (Uacsc 2000-D Owner Trust Auto Rec Backed Notes), Indenture (Uacsc Auto Trusts Uacsc 1999-D Owner Trust Auto Rec Bac Note), Indenture (Uacsc Auto Trusts Uacsc 2000-B Owner Trust Auto Rec Bac Note)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 11.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Seller or the Servicer, for a purchase price equal acting on behalf of and at the direction of the Seller, exercises its option to the outstanding principal, and accrued interest make all required payments on the Notes; provided, however, that Notes and retain the Issuer has available funds sufficient to pay such amountsTrust Property. Seller, the The Servicer or the Issuer shall furnish each Rating Agency the Insurer prior written notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account Payment Account, the Redemption Price of the Notes five Business Days prior to be redeemed the Redemption Date whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes10.2.
Appears in 4 contracts
Samples: Indenture (TFC Enterprises Inc), TFC Enterprises Inc, TFC Enterprises Inc
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Security Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 15 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 3 contracts
Samples: Note Depository Agreement (Franklin Auto Trust 2003-2), Note Depository Agreement (Franklin Auto Trust 2004-2), Note Depository Agreement (Franklin Receivables Auto Trust 2003-1)
Redemption. (a) In the event that the Seller SPC pursuant to Section 7.10 5.1 of the Sale Contribution and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. SellerThe SPC, the Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)paragraph, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days (or such lesser number of days as shall be satisfactory to the Trustee) prior to the Redemption Date Date, and the Issuer shall deposit with deposit, or cause to be deposited, into the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Conseco Finance Lease 2000-1 LLC), Indenture (Green Tree Lease Finance 1997-1 LLC)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Receivables pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 10 days prior to the Redemption Date and the Issuer shall deposit no later than the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.. 54 (2017-B Indenture)
Appears in 2 contracts
Samples: Indenture (Hyundai Auto Receivables Trust 2017-B), Indenture (Hyundai Auto Receivables Trust 2017-B)
Redemption. (a) In the event that the Seller Certificateholder pursuant to Section 7.10 16.02 of the Sale and Servicing Trust Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Bay View Securitization Corp), Indenture (Uacsc Auto Trusts)
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 16.02 of the Sale and Servicing Trust Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)11.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 11.02 to each Holder of the Notes.
Appears in 2 contracts
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Transferor pursuant to Section 9.02 of the Transfer and Servicing Agreement, on the any Distribution Date on which such repurchase occurs, for a the Transferor exercises the option to purchase price equal the Owner Trust Estate pursuant to said Section 9.02 of the outstanding principal, Transfer and accrued interest on the NotesServicing Agreement; provided, however, that such purchase is subject to such payment resulting in the Issuer has having available funds sufficient to pay such amountsthe Redemption Price for the Notes. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 15 days prior to the Redemption Date Date, and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Metlife Capital Equipment Loan Trusts, Metlife Capital Equipment Loan Trusts
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Receivables pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 10 days prior to the Redemption Date and the Issuer shall deposit no later than the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Hyundai Abs Funding LLC), Indenture (Hyundai Auto Receivables Trust 2017-A)
Redemption. (a) In the event that the Seller Servicer purchases all outstanding Contracts and the related Contract Assets pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the TrustAgreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued and unpaid interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes Date Amount to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Harley-Davidson Motorcycle Trust 2016-A), Indenture (Harley-Davidson Motorcycle Trust 2016-A)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Class A-2 Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Class A-2 Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Eaglemark Inc, Eaglemark Inc
Redemption. (a) In the event that the Seller pursuant to Section 7.10 7.08 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Heller Funding Corp, Heller Funding Corp
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 2 contracts
Samples: Tia Indenture (Painewebber Asset Acceptance Corp), Prudential Securities Secured Financing Corp
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes and Certificates are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)11.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee and the Owner Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes and the Certificates will be paid in full to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 11.02 hereof to each Holder of the NotesNotes and the Certificates.
Appears in 2 contracts
Samples: Indenture (Bay View Deposit CORP), Indenture (Bay View Deposit CORP)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit on the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes. For the avoidance of doubt, the Trust Accounts need not be closed until 30 days after the receipt of such notice.
Appears in 2 contracts
Samples: Indenture (BMW Vehicle Owner Trust 2016-A), Indenture (BMW Vehicle Owner Trust 2016-A)
Redemption. (a) In the event that the Seller Company or the Servicer pursuant to Section 7.10 Article VIII of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. SellerThe Company, the Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days prior to the Redemption Date Date, and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Green Tree Financial Corp), Green Tree Financial Corp
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer (so long as an Insurer Default shall not have occurred and be continuing and the Policy shall be in effect), and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (Uacsc 2001-a Owner Trust), Indenture (Uacsc 2001-C Owner Trust)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principalRedemption Price; PROVIDED, and accrued interest on the Notes; provided, howeverHOWEVER, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Security Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 2 contracts
Samples: Indenture (TMS Auto Holdings Inc), TMS Auto Holdings Inc
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer or a Seller pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the any Distribution Date on which such repurchase occursthe Servicer or a Seller exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Trustee and the Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Americredit Corp)
Redemption. (a) In the event that the Seller Originators pursuant to Section 7.10 7.08 of the Sale and Servicing Agreement purchases purchase (through the Trust Depositor) the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. SellerOriginator, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the any Distribution Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, provided that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.1, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Bank One Auto Securitization Trust 2003-1)
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer, and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Insurer and Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Bay View Securitization Corp
Redemption. (a) In the event that the Seller pursuant to Section 7.10 11.03 of the Sale and Servicing Agreement purchases (through the Trust Depositor) the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. The Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Fidelity Leasing Inc
Redemption. (a) In the event that the Seller pursuant to Section 7.10 7.08 of the Sale and Servicing Agreement purchases (through the Trust Depositor) the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; providedPROVIDED, howeverHOWEVER, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Newcourt Receivables Corp Ii
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 7.08 of the Sale Pooling and Servicing Agreement Agreement, purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Date Amount; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee and the Swap Counterparty not later than 20 twenty (20) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account no later than one Business Day prior to the Redemption Price Date the Redemption Date Amount of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 11.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Seller or the Servicer, for a purchase price equal acting on behalf of and at the direction of the Seller, exercises its option to the outstanding principal, and accrued interest make all required payments on the Notes; provided, however, that Notes and retain the Issuer has available funds sufficient to pay such amountsTrust Property. Seller, the The Servicer or the Issuer shall furnish each Rating Agency the Insurer prior written notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account Payment Account, the Redemption Price of the Notes Five Business Days prior to be redeemed the Redemption Date whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes10.2.
Appears in 1 contract
Samples: TFC Enterprises Inc
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 8.01(a) of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 10 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller Servicer purchases all the Contract Assets pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the TrustAgreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes Date Amount to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Receivables pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit no later than the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.. 58 (2015-A Indenture)
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Class A-2 Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Class A-2 Notes; providedPROVIDED, howeverHOWEVER, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee and the Swap Counterparty not later than 20 days prior to the Redemption Date and the Issuer shall deposit the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Hyundai Abs Funding Corp)
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)11.01, the Servicer or the Issuer shall furnish notice of such election to the Insurer and Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 11.02 hereof to each Holder of the Notes.. Indenture
Appears in 1 contract
Samples: Indenture (Bay View Deposit CORP)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement Servicer purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Uacsc Auto Trusts Uacsc 1999-C Owner Trust Auto Rec Bac Note)
Redemption. (a) In the event that the Seller Seller, pursuant to Section 7.10 9.01(a) of the Sale and Servicing Agreement Agreement, purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. The Seller, the Master Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Master Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (WFS Receivables Corp 2)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 4.01(a) of the Sale and Servicing Assignment Agreement purchases the corpus of the TrustTrust Property, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the Servicer The Seller or the Issuer shall furnish each the Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)Section, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer Seller shall deposit deposit, or cause to be deposited, with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon the Underlying Certificates shall be released from the lien of this Indenture and all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Onyx Acceptance Corp
Redemption. (a) In the event that the Seller Sellers, pursuant to Section 7.10 9.01(a) of the Sale and Servicing Agreement purchases Agreement, purchase the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. SellerThe Sellers, the Master Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Master Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: WFS Receivables Corp
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 16.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)11.01, the Servicer or the Issuer shall furnish notice of such election to the Insurer and Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 11.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price in an amount equal to the outstanding principalprincipal amount thereof, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Harley Davidson Customer Funding Corp)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.. (2009-A Indenture)
Appears in 1 contract
Samples: Indenture (Hyundai Abs Funding Corp)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 11.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 11.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Note Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.1, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 7.08 of the Sale Pooling and Servicing Agreement Agreement, purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase purchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Date Amount; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 twenty (20) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account no later than one Business Day prior to the Redemption Price Date the Redemption Date Amount of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Cit Equipment Collateral 2006-Vt2
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the any Distribution Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (SSB Vehicle Securities Inc BMW Vehicle Owner Trust 1999-A)
Redemption. (a) In the event that the Seller pursuant Servicer exercises its right to Section 7.10 require disposition of the Sale and Servicing Agreement purchases the corpus of the TrustTrust pursuant to Section 15.02 of the Trust Agreement, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)11.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 11.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller Servicer pursuant to Section 7.10 7.08 of the Sale Pooling and Servicing Agreement Agreement, purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Date Amount; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the The Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 twenty (20) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account no later than one Business Day prior to the Redemption Price Date the Redemption Date Amount of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Cit Funding Co, LLC)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 9.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 9.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Security Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 1 contract
Samples: FCC Receivables Corp
Redemption. (a) In the event that the Seller Company or the Servicer pursuant to Section 7.10 Article VIII of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. SellerThe Company, the Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days prior to the Redemption Date Date, and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 [5.1] of the Sale and Servicing Agreement purchases (through the Trust Depositor) the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; provided, however, that the Issuer has available funds sufficient to pay such amounts. Seller, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Mitsui Vendor Leasing 1998-1 LLC
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Seller pursuant to Section 13.1(a) of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the Trust Estate pursuant to said Section 13.1(a), for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Insurer and the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a10.1(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 35 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 10.2 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller Originators pursuant to Section 7.10 11.03 of the Sale and Servicing Agreement purchases purchase (through the Trust Depositor) the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the Notes; providedPROVIDED, howeverHOWEVER, that the Issuer has available funds sufficient to pay such amounts. SellerThe Originators, the Servicer or the Issuer shall furnish each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Heller Funding Corp)
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01(a) of the Transfer and Servicing Agreement, on the any Distribution Date on which such repurchase occurs, for a the Servicer exercises the option to purchase price equal the Owner Trust Estate pursuant to said Section 9.01(a) of the outstanding principal, Transfer and accrued interest on the NotesServicing Agreement; provided, however, that such purchase is subject to such payment resulting in the Issuer has having available funds sufficient to pay such amountsthe Redemption Price for the Notes. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 15 days prior to the Redemption Date Date, and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Redemption. (a) In the event that the Seller pursuant to Section 7.10 4.01(a) of the Sale and Servicing Assignment Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Quarterly Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the Servicer The Seller or the Issuer shall furnish each the Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)Section, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon the Underlying Certificates and the Contract Rights shall be released from the lien of this Indenture and all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Onyx Acceptance Corp
Redemption. (a) In the event that the Seller pursuant to Section 7.10 of the Sale and Servicing Agreement purchases the corpus of the Trust, the The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale and Servicing Agreement, on the Distribution any Payment Date on which such repurchase occursthe Servicer exercises its option to purchase the 55 Trust Estate pursuant to said Section 9.01, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. Seller, the The Servicer or the Issuer shall furnish each the Rating Agency Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)10.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 days prior to the Redemption Date and the Issuer shall deposit the Business Day prior to the Redemption Date with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Hyundai Abs Funding Corp
Redemption. (a) In the event that the Seller Certificateholder pursuant to Section 7.10 16.02 of the Sale and Servicing Trust Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Payment Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amountsthe Redemption Price. SellerThe Certificateholder, the Servicer or the Issuer shall furnish the Insurer and each Rating Agency notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a)12.01, the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 ten (10) days prior to the Redemption Date and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Collection Account the Redemption Price of the Notes to be redeemed whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 12.02 to each Holder of the Notes.
Appears in 1 contract
Samples: Indenture (Uacsc 1999-B Owner Tr Auto Rec Bk Notes)
Redemption. (a) In the event that the Seller Company or the Servicer pursuant to Section 7.10 Article VIII of the Sale and Servicing Agreement purchases the corpus of the Trust, the Notes are subject to redemption in whole, but not in part, on the Distribution Date on which such repurchase occurs, for a purchase price equal to the outstanding principal, and accrued interest on the NotesRedemption Price; provided, however, that the Issuer has available funds sufficient to pay such amounts--------- -------- the Redemption Price. SellerThe Company, the Servicer or the Issuer shall furnish each the Rating Agency Agencies notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01(a), the Servicer or the Issuer shall furnish notice of such election to the Indenture Trustee not later than 20 25 days prior to the Redemption Date Date, and the Issuer shall deposit with the Indenture Trustee in the Note Distribution Account the Redemption Price of the Notes to be redeemed redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes.
Appears in 1 contract