Common use of Repayment of Trust Certificates Clause in Contracts

Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate.

Appears in 58 contracts

Samples: Trust Agreement (Honda Auto Receivables 2013-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2013-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2013-2 Owner Trust)

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Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a8.01(a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate.

Appears in 57 contracts

Samples: Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-4 Owner Trust), Trust Agreement (Honda Auto Receivables 2024-3 Owner Trust)

Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a8.01(a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate.. ARTICLE FOUR ACTIONS BY OWNER TRUSTEE

Appears in 30 contracts

Samples: Trust Agreement (Honda Auto Receivables 2021-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2021-3 Owner Trust), Trust Agreement (Honda Auto Receivables 2021-2 Owner Trust)

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Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a) 7.10 of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate RateCertificates.

Appears in 6 contracts

Samples: Trust Agreement (Harley-Davidson Motorcycle Trust 2010-1), Trust Agreement (Harley-Davidson Motorcycle Trust 2010-1), Trust Agreement (Harley-Davidson Motorcycle Trust 2009-4)

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