Common use of Seller’s Reacquisition Option Clause in Contracts

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal sum of the Pool Balance as of the Initial Cutoff Date plus the Pre-Funded Amount as of the Closing Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, and provided a valuation letter is delivered as required in Section 5.02 of the Transfer and Sale Agreement, the Seller may (but is not required to) purchase reacquire on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s 's and Indenture Trustee’s 's release of the Contracts and the Contract Files to the Seller.. ARTICLE EIGHT EVENTS OF TERMINATION; SERVICE TRANSFER

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal sum of the Pool Balance as of the Initial Cutoff Date plus the Pre-Funded Amount as of the Closing Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s 's and Indenture Trustee’s 's release of the Contracts and the Contract Files to the Seller.. ARTICLE EIGHT EVENTS OF TERMINATION; SERVICE TRANSFER

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, and provided a valuation letter is delivered as required in Section 5.02 of the Seller Transfer and Sale Agreement, the Seller, through the Trust Depositor, may (but is not required to) purchase reacquire on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, and provided a valuation letter is delivered as required in Section 5.02 of the Transfer and Sale Agreement, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, and provided a valuation letter is delivered as required in Section 5.02 of the Seller Transfer and Sale Agreement, the Seller, through the Trust Depositor, may (but is not required to) purchase reacquire on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s 's and Indenture Trustee’s 's release of the Contracts and the Contract Files to the Seller.. ARTICLE EIGHT EVENTS OF TERMINATION; SERVICE TRANSFER

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.. ARTICLE EIGHT

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s and Indenture Trustee’s release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, and provided a valuation letter is delivered as required in Section 5.02 of the Seller Transfer and Sale Agreement, the Seller, through the Trust Depositor, may (but is not required to) purchase reacquire on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s 's and Indenture Trustee’s 's release of the Contracts and the Contract Files to the Seller.

Seller’s Reacquisition Option. As provided in the Transfer and Sale Agreement, on written notice to the Owner Trustee and Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Initial Cutoff Closing Date, the Seller may (but is not required to) purchase on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fee to the date of such reacquisition. Such price shall be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Owner Trustee’s 's and Indenture Trustee’s 's release of the Contracts and the Contract Files to the Seller.