Common use of Seller’s Optional Reduction of Purchasers’ Total Investment Clause in Contracts

Seller’s Optional Reduction of Purchasers’ Total Investment. The Seller may at any time elect to reduce the Purchaser's Total Investment as follows: (i) the Seller shall give the Administrative Agent, on the Purchaser's behalf, at least five (5) Business Days' prior written notice of such reduction (including the amount of such proposed reduction and the proposed date on which such reduction will commence), (ii) on the proposed date of commencement of such reduction and on each day thereafter, the Servicers shall refrain from reinvesting Collections pursuant to SECTION 1.3 until the amount thereof not so reinvested shall equal the desired amount of reduction, and (iii) the Servicers shall hold such Collections in trust for the Purchaser, pending payment to the Administrative Agent, as provided in SECTION 1.3; PROVIDED that: (A) the amount of any such reduction shall be in an amount of $1,000,000 or an integral multiple thereof, (B) the Seller shall use reasonable efforts to attempt to choose a reduction amount, and the date of commencement thereof, so that such reduction shall commence and conclude in the same Settlement Period, and (C) unless the Purchaser's Total Investment will be reduced to zero, after giving effect to such reduction, the Purchaser's Total Investment will be at least $25,000,000.

Seller’s Optional Reduction of Purchasers’ Total Investment. The Seller may at any time and from time to time elect to reduce the Purchaser's (in whole or in part) Purchasers’ Total Investment as follows: (i) the Seller shall give the Administrative Agent, on the Purchaser's behalf, Agent and each Purchaser Agent at least five ten (510) Business Days' days’ prior written notice of such elected reduction (including the amount of such proposed reduction and the proposed date on which such reduction will commence),; (ii) on the proposed date of commencement of such reduction and on each day thereafter, the Servicers Master Servicer shall refrain from reinvesting Collections pursuant to SECTION Section 1.3 until the amount thereof not so reinvested shall equal the desired amount of reduction, ; and (iii) the Servicers Master Servicer shall hold such Collections in trust for the PurchaserPurchasers, pending payment to the Administrative Agentapplicable Purchaser Agents, as provided in SECTION Section 1.3; PROVIDED provided, that:, (A) the amount of any such reduction shall be in an amount of not less than $1,000,000 or 5,000,000 and shall be an integral multiple thereof,of $100,000; and (B) the Seller shall use reasonable efforts to attempt to choose a reduction amount, and the date of commencement thereof, so that such reduction shall commence and conclude in the same Settlement Period, and (C) unless the Purchaser's Total Investment will be reduced to zero, after giving effect to such reduction, the Purchaser's Total Investment will be at least $25,000,000.

Seller’s Optional Reduction of Purchasers’ Total Investment. The In addition to and not in limitation of the provisions of Section 1.03(c)(i) permitting certain prepayments at the option of Seller, Seller may at on any time Weekly Settlement Date elect to reduce the Purchaser's Total Investment as follows: (i) the Seller shall give the Administrative Agent, on the Purchaser's behalf, Administrator at least five (5) two Business Days' prior written notice of such reduction (including the amount of such proposed reduction and the proposed date on which such reduction will commence), (ii) on the proposed date of commencement of such reduction (which must be a Weekly Settlement Date) and on each day thereafter, the Servicers Servicer shall refrain from reinvesting Collections pursuant to SECTION 1.3 Section 1.03 until the amount thereof not so reinvested shall equal the desired amount of reduction, and (iii) the Servicers Servicer shall hold such Collections in trust for the Purchaser, pending payment to the Administrative AgentAdministrator, as provided in SECTION 1.3Section 1.03; PROVIDED that: (A) provided that the amount of any such reduction shall be in an amount of not less than $1,000,000 100,000 or an integral multiple thereof, (B) the Seller shall use reasonable efforts to attempt to choose a reduction amount, and the date of commencement thereof, so that such reduction shall commence and conclude in the same Settlement Period, and (C) unless the Purchaser's Total Investment will be reduced to zero, after giving effect to such reduction, the reduction shall be not less than $25,000,000 (unless Purchaser's Total Investment will shall thereby be at least $25,000,000reduced to zero).

Seller’s Optional Reduction of Purchasers’ Total Investment. The Subject to Sections 1.2(a) and 4.3, Seller may at any time and from time to time elect to reduce the Purchaser's Purchasers’ Total Investment (ratably based on the Commitment of the Committed Purchaser related Group) as follows: (i) the Seller shall give the Administrative Agent, on the Purchaser's behalf, Agent and each Purchaser Agent at least five three (53) Business Days' ’ prior written notice of such elected reduction (including the amount of such proposed reduction and the proposed date on which such reduction will commence), (ii) on the proposed date of commencement of such reduction and on each day thereafter, the Servicers Servicer shall refrain from reinvesting Collections pursuant to SECTION Section 1.3 until the amount thereof not so reinvested shall equal the desired amount of reduction, and (iii) the Servicers Servicer shall hold such Collections in trust for the PurchaserPurchasers, pending payment to the Administrative applicable Purchaser Agent, as provided in SECTION Section 1.3; PROVIDED provided, that:, (A) the amount of any such reduction shall be in an amount of not less than $1,000,000 or 5,000,000 and shall be an integral multiple thereof,of $100,000, and Purchasers’ Total Investment after giving effect to such reduction shall be not less than $40,000,000 (unless Purchasers’ Total Investment shall thereby be reduced to zero) and shall be in an integral multiple of $100,000, and (B) the Seller shall use reasonable efforts to attempt to choose a reduction amount, and the date of commencement thereof, so that such reduction shall commence and conclude in the same Settlement Period, and (C) unless the Purchaser's Total Investment will be reduced to zero, after giving effect to such reduction, the Purchaser's Total Investment will be at least $25,000,000.