Optional Repurchase definition

Optional Repurchase is defined in Section 5.1(b).

Optional Repurchase means, with respect to any outstanding Indebtedness, any optional or voluntary repurchase, redemption or prepayment made in cash of such Indebtedness, the related payment in cash of accrued interest to the date of such repurchase, redemption or prepayment on the principal amount of such Indebtedness repurchased, redeemed or prepaid, the payment in cash of associated premiums (whether voluntary or mandatory) on such principal amount and the cash payment of other fees and expenses incurred in connection with such repurchase, redemption or prepayment.

Optional Repurchase means the option of a Holder to elect to require the Company to repurchase Notes of this series pursuant to Section 5 of this Note.

Examples of Optional Repurchase in a sentence

• As provided in the Sale and Servicing Agreement, on any Distribution Date, the holders of Certificates will have the option to exercise an Optional Repurchase right with respect to Contracts randomly selected by the Master Servicer.

• Notwithstanding anything contained herein to the contrary, the Servicer may, at its option, repurchase up to 25 Receivables in a manner consistent with Section 5.5 hereof and any such repurchased Receivable (an "Optional Repurchase Receivable") shall not be deemed to be a Defaulted Receivable or a Liquidated Receivable.

• If this Note is a Discount Note, the amount payable in the event of Redemption, Optional Repurchase or acceleration of maturity shall be (i) the Amortized Principal Amount of this Note as of the Redemption Date, Optional Repurchase Date or date of such acceleration, as the case may be, rather than the relevant Payment Amount of this Note or (ii) such other amount as specified on the face of this Note (such amount, the “Discount Note Prepayment Amount”).

• A Holder that has delivered an Optional Repurchase Notice with respect to a Note for an Optional Repurchase Date may withdraw such Optional Repurchase Notice by delivering a written notice of withdrawal to the Paying Agent at any time before the Close of Business on the Business Day immediately before such Optional Repurchase Date.

• If the Paying Agent holds, in accordance with the terms of the Indenture, money sufficient to pay the Optional Repurchase Price of such Notes on the Optional Repurchase Date, then on and after such date, such Notes shall cease to be Outstanding and interest on such Notes shall cease to accrue, and all rights of the Holder of such Notes shall terminate (other than the right to receive the Optional Repurchase Price after delivery or transfer of the Notes).

More Definitions of Optional Repurchase

Optional Repurchase means a repurchase of the Notes pursuant to Section 10.01 of the Indenture.

Optional Repurchase shall have the meaning set forth in Section 3(d) hereof.

Optional Repurchase means the repurchase of any Note by the Company pursuant to Section 4.03.

Optional Repurchase has the meaning set forth in the Sale and Servicing Agreement.

Optional Repurchase has the meaning assigned to such term in Section 4(b) hereof.

Optional Repurchase means the repurchase of Contracts by the Certificateholders pursuant to Section 3.10.

Optional Repurchase means the repurchase of any Convertible Preferred Stock by the Company pursuant to Section 8.