Common use of REPURCHASES OF DESIGNATED RECEIVABLES Clause in Contracts

REPURCHASES OF DESIGNATED RECEIVABLES. The following rights are in addition to and not in limitation of any other rights or remedies that Triple-A or CapMAC may have hereunder. (a) The Seller may, at any time upon not less than five Business Days' prior written notice to the Collateral Agent, elect to repurchase any Designated Receivable and the Purchased Assets relating thereto, which purchase shall take place on the first Settlement Date to occur after the Collateral Agent's receipt of such notice, for the repurchase price specified in SUBSECTION (b) of this SECTION 8.02. (b) In the case of a repurchase from Triple-A by the Seller of a Purchased Asset pursuant to this SECTION 8.02, the Seller shall, on the Settlement Date coinciding with such repurchase pay to the Collateral Agent as a reduction of Capital an amount equal to the Outstanding Balance of the related Designated Receivable. The proceeds of any such repurchase shall be deemed to be Collections of such Purchased Asset received by the Seller, and the amount of each such Collection shall be applied as provided in SECTION 2.04. The repurchase of any Purchased Asset shall not relieve the Seller of its obligation under SECTION 2.04(a) to pay Yield on the Capital outstanding with respect to such Purchased Asset through the Payment Date relating to such Capital. Any such repurchase shall be made without recourse or warranty, express or implied (other than a representation and warranty that such Asset is free and clear of any Adverse Claim created by or through Triple-A).

REPURCHASES OF DESIGNATED RECEIVABLES. The following rights are in addition to and not in limitation of any other rights or remedies that Triple-A any Purchaser, ING or CapMAC any Agent may have hereunder. (a) The Seller may, at any time upon not less than five Business Days' ’ prior written notice to the Collateral Agent, elect to repurchase any Designated Receivable and the Purchased Assets relating thereto, which purchase shall take place on the first Settlement Date to occur after the Collateral Agent's ’s receipt of such notice, for the repurchase price specified in SUBSECTION subsection (b) of this SECTION Section 8.02. (b) In the case of a repurchase from Triple-A the Purchasers and ING by the Seller of a Purchased Asset pursuant to this SECTION Section 8.02, the Seller shall, on the Settlement Date coinciding with such repurchase pay to the Collateral Agent as a reduction of Capital and ING Capital an amount equal to the Outstanding Balance of the related Designated Receivable. The proceeds of any such repurchase shall be deemed to be Collections of such Purchased Asset received by the Seller, and the amount of each such Collection shall be applied as provided in SECTION Section 2.04. The repurchase of any Purchased Asset shall not relieve the Seller of its obligation under SECTION Section 2.04(a) to pay Yield on the Capital outstanding or ING Yield on the ING Capital with respect to such Purchased Asset through the Payment Date relating to such Capital or ING Capital. Any such repurchase shall be made without recourse or warranty, express or implied (other than a representation and warranty that such Purchased Asset is free and clear of any Adverse Claim created by or through Triple-Athe Purchasers and ING).

REPURCHASES OF DESIGNATED RECEIVABLES. The following rights are in addition to and not in limitation of any other rights or remedies that Triple-A or CapMAC the Purchaser and/or the Deal Agent may have hereunder. (a) The Seller may, at any time upon not less than five Business Days' prior written notice to the Collateral Deal Agent, elect to repurchase the Purchased Asset relating to and including any Designated Receivable and the Purchased Assets relating theretoReceivable, which purchase Purchase shall take place on the first Settlement Date to occur after next succeeding the Collateral Deal Agent's receipt of such notice, for the repurchase price specified in SUBSECTION subsection (bd) of this SECTION Section 8.02. (b) [Reserved]. (c) At any time following the Termination Date when the Discounted Receivables Balance is less than ten percent (10%) of the Discounted Receivables Balance as of the Termination Date, the Seller may notify the Deal Agent of its intent to repurchase all remaining Purchased Interests. On the Settlement Date next succeeding any such notice, the Seller shall repurchase all outstanding Purchased Interests for the repurchase price specified in subsection (d) of this Section 8.02. (d) In the case of a repurchase from Triple-A the Purchaser by the Seller of a Purchased Asset pursuant to this SECTION Section 8.02, the Seller shall, on the Settlement Date coinciding with such repurchase pay to the Collateral Deal Agent as a reduction of Capital an amount equal to the Outstanding Balance of the related Designated Purchased Receivable. The proceeds of any such repurchase shall be deemed to be Collections of such Purchased Asset received by the Seller, and the amount of each such Collection shall be applied as provided in SECTION 2.04. The repurchase of any Purchased Asset shall not relieve the Seller of its obligation under SECTION 2.04(a) to pay Yield on the Capital outstanding with respect to such Purchased Asset through the Payment Date relating to such Capital. Any such repurchase shall be made without recourse or warranty, express or implied (other than a representation and warranty that such Asset is free and clear of any Adverse Claim created by or through Triple-A).as

REPURCHASES OF DESIGNATED RECEIVABLES. The following rights are in addition to and not in limitation of any other rights or remedies that Triple-A A, ING or CapMAC may have hereunder. (a) The Seller may, at any time upon not less than five Business Days' prior written notice to the Collateral Agent, elect to repurchase any Designated Receivable and the Purchased Assets relating thereto, which purchase shall take place on the first Settlement Date to occur after the Collateral Agent's receipt of such notice, for the repurchase price specified in SUBSECTION (b) of this SECTION 8.02. (b) In the case of a repurchase from Triple-A and ING by the Seller of a Purchased Asset pursuant to this SECTION 8.02, the Seller shall, on the Settlement Date coinciding with such repurchase pay to the Collateral Agent as a reduction of Capital and ING Capital an amount equal to the Outstanding Balance of the related Designated Receivable. The proceeds of any such repurchase shall be deemed to be Collections of such Purchased Asset received by the Seller, and the amount of each such Collection shall be applied as provided in SECTION 2.04. The repurchase of any Purchased Asset shall not relieve the Seller of its obligation under SECTION 2.04(a) to pay Yield on the Capital outstanding or ING Yield on the ING Capital with respect to such Purchased Asset through the Payment Date relating to such Capital or ING Capital. Any such repurchase shall be made without recourse or warranty, express or implied (other than a representation and warranty that such Asset is free and clear of any Adverse Claim created by or through Triple-AA and ING).