Optional Purchase has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.
Optional Purchase shall have the meaning assigned to such term in Section 9.01(a).
Optional Purchase has the meaning set forth in Section 9.2(a).
Examples of Optional Purchase in a sentence
Upon proper exercise of such Optional Purchase and deposit of the Redemption Price into the Principal Distribution Account and the Collection Account in accordance with Section 8.08(c) of the Indenture, all of the Sold Assets to be sold in connection with such Optional Purchase shall be sold to the Servicer.
If the Servicer elects to exercise such Optional Purchase, it shall comply with all applicable conditions set forth in Sections 8.08(a) and (c) of the Indenture.
If VCI, as Servicer, exercises the Optional Purchase, the Notes shall be redeemed and in each case in whole but not in part on the related Payment Date for the Redemption Price.
More Definitions of Optional Purchase
Optional Purchase has the meaning set forth in Section 9.03 of the Trust Agreement.
Optional Purchase means the exercise by the Servicer of its option to purchase all remaining Receivables from the Issuer on any Payment Date following the last day of a Collection Period as of which the Pool Balance is 5% or less of the Cutoff Date Pool Balance.
Optional Purchase has the meaning set forth in Section 2.19 of the Servicing Agreement.
Optional Purchase or “Optional Purchase Price” have the respective meanings set forth in Section 2.19.
Optional Purchase means the optional purchase of the Trust Property as set forth in Section 10.01(a) hereof.
Optional Purchase is defined in Section 6.04.
Optional Purchase has the meaning set forth in Section 6.6 of the Servicing Agreement.