Examples of Optional Purchase Percentage in a sentence

As of the last day of any Collection Period as of which the Pool Factor shall be equal to or less than the Optional Purchase Percentage, the Servicer shall have the option to purchase the Trust Property from the Trust.
On the last day of any Collection Period as of which the Pool Factor shall be less than the Optional Purchase Percentage, the Servicer shall have the option to purchase the corpus of the Trust.
On the last day of any Collection Period as of which the Pool Balance as a percentage of the Original Pool Balance shall be less than or equal to the Optional Purchase Percentage, the Servicer shall have the option to repurchase the Receivables.
On the last day of any Collection Period as of which the Pool Factor is equal to or less than the Optional Purchase Percentage, the Servicer has the option to purchase the corpus of the Trust.
On each Distribution Date following the last day of a Collection Period as of which the Pool Balance shall be less than or equal to the Optional Purchase Percentage multiplied by the Original Pool Balance, the Servicer or any successor to the Servicer shall have the option to purchase the corpus of the Trust (whether or not such assets then comprise all or a portion of the Trust).

More Definitions of Optional Purchase Percentage

Optional Purchase Percentage means the percentage specified as such in the Agreement.

Optional Purchase Percentage means 10% of the Aggregate Cut-off Date Principal Balance.

Optional Purchase Percentage means 5.00%. 15 (Nissan 2014-B Sale and Servicing Agreement)

Optional Purchase Percentage means 10% of the Original Pool Balance.

Optional Purchase Percentage means 10%. "Original Pool Balance" means $119,362,032.46.

Optional Purchase Percentage means 5% of the Original Pool Balance.

Optional Purchase Percentage shall be [5]%. The "Original Pool Balance" shall be $699,376,130.44. The "Reserve Account Initial Deposit" shall be $5,245,321.