Optional Early Pay Out Sample Clauses

Optional Early Pay Out. (a) On any Funding Change Date falling in the Revolving Period, Issuer may cause the Notes to be prepaid in full or in part, on not less than three Business Days prior written notice by the Servicer to the Indenture Trustee and the Agent, with funds on deposit in the Excess Funding Account in accordance with Section 4.6(b)(ii).
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Optional Early Pay Out. (a) On any Funding Change Date falling in the Revolving Period, the Seller may cause the principal portion of the Certificates to be prepaid in full or in part, (x) if the aggregate principal amount of such prepayment is greater than $150,000,000, on not less than five Business days prior written notice by the Servicer or (y) otherwise, on not less than three Business Days prior written notice by the Servicer to the Master Trust Trustee and the Administrative Agent, with Shared Principal Collections as provided in Section 4.03(e) of the Agreement; provided, however that such prepayment shall not be permitted unless all due (or if the Certificates are paid in full, all accrued) and unpaid Monthly Interest, Additional Amounts and Non-Use Fees have been paid in full.
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Optional Early Pay Out. (a) On any Business Day falling in the Revolving Period, Transferor may provide notice (an "Accumulation Notice") to Trustee of its intention to accumulate funds to cause the Series 1996-2 Certificates to be prepaid in full, or, for the Class A Certificates, the Class B Certificates or (subject to the last sentence of this subsection (a)) the Class C Certificates to be prepaid in part, in a minimum amount of $10,000,000 or in higher integral multiples of $500,000. When amounts sufficient for such prepayment have been accumulated, Transferor may provide notice to Trustee on any Distribution Date falling in the Revolving Period (a "Prepayment Notice") of the date, at least 30 days after the date of such Prepayment Notice, when the prepayment shall occur. Trustee shall notify the affected Holders within five Business Days of receiving such Prepayment Notice. No Class B Certificates may be prepaid unless either (x) the Class A Certificates have been paid in full or (y) after giving effect to such prepayment the Net Invested Amount would not exceed the Base Amount. No Class C Certificates may be prepaid unless either (x) the Class A Certificates and the Class B Certificates have been paid in full or (y) after giving effect to such prepayment the Net Invested Amount would not exceed the Base Amount. In the event of any partial prepayment of the Class A Certificates, the Class B Certificates or the Class C Certificates, the Holders of those Class A Certificates or Class B Certificates (as the case may be) will be paid their pro rata share of such partial prepayment calculated in accordance with the outstanding principal amount of each Class A Certificate, Class B Certificate or Class C Certificate (as the case may be) as of the related Record Date. The Class C Certificates may not be partially prepaid except as a result of a prepayment of at least 50% of the Class C Invested Amount as in effect on the date hereof.
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Optional Early Pay Out. (a) The Notes are subject to redemption in whole, but not in part, on any Prepayment Payment Date on which Servicer exercises its option to purchase the Receivables pursuant to Clause (b) below; provided, however, that Issuer has available funds sufficient to pay an amount (the "PREPAYMENT AMOUNT") equal to the unpaid Principal Amount of the Notes plus accrued and unpaid interest on the unpaid principal amount of the Notes (and accrued and unpaid interest with respect to interest amounts that were due but not paid on a prior Payment Date) through the day preceding the Prepayment Payment Date at the rates of interest then applicable to such Notes. Issuer shall furnish ten days' prior written notice of such redemption to Servicer, Trustee and the Rating Agencies. Upon tender of all outstanding Notes by the Noteholders, Trustee shall then pay such amounts, together with all other amounts on deposit in the Principal Funding Account to the Noteholders on the next Payment Date in repayment of the principal amount and all accrued and unpaid interest owing to the Noteholders. Following the Prepayment Payment Date, the Noteholders shall have no further rights with respect to the Receivables and Trustee shall execute and deliver the instruments of release (including any document necessary to release the security interest in favor of Trustee in the Collateral and to release any filing evidencing or perfecting the security interest), in each case without recourse, representation or warranty, as shall be reasonably requested by Issuer to vest in Issuer all right, title and interest that Trustee had in the Collateral. In the event that Servicer fails for any reason to deposit the Prepayment Amount, payments shall continue to be made to the Noteholders in accordance with the terms of this Agreement.
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Optional Early Pay Out. (a) In addition to Transferor's right to reduce the Series 1996-3 Invested Amount from time to time in accordance with Section 3.1 of the Certificate Purchase Agreement, Transferor may cause a prepayment of the Series 1996-3 Certificates pursuant to, and subject to the limitations set forth in, this Section 4.5. On any Business Day falling in the Revolving Period, Transferor may provide notice to Trustee of its intention to accumulate funds to cause the Series 1996-3 Certificates to be prepaid in full, or in part in a minimum amount of $1,000,000 or in higher integral multiples of $1,000,000 (or in an amount equal to the entire principal amount of the Series 1996-3 Certificates, if less). When amounts sufficient for such prepayment have been accumulated, Transferor may provide notice to Trustee on any Distribution Date falling in the Revolving Period (the "Prepayment Notice") of the date, at least three Business Days after the date of such Prepayment Notice, when the prepayment shall occur. Trustee shall notify the affected Holders promptly upon receiving such Prepayment Notice. In the event of any partial prepayment of the Series 1996-3 Certificates, the Holders of those Series 1996-3 Certificates will be paid their pro rata share of such partial prepayment calculated in accordance with the outstanding principal amount of each Series 1996-3 Certificate as of the date of such prepayment.
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Related to Optional Early Pay Out

  • Early Payments The Obligor on the Receivable has made, or will make, the first two monthly payments under such Receivable.

  • Optional Payments The Borrowers may from time to time and at any time upon at least one (1) Business Day’s prior written notice repay or prepay, without penalty or premium all or any part of outstanding Floating Rate Advances in an aggregate minimum amount of One Million Dollars ($1,000,000) and in integral multiples of One Million Dollars ($1,000,000) in excess thereof. Eurodollar Rate Advances may be voluntarily repaid or prepaid prior to the last day of the applicable Interest Period, subject to the indemnification provisions contained in Section 4.4, in an aggregate minimum amount of Four Million and 00/100 Dollars ($4,000,000) and in integral multiples of One Million and 00/100 Dollars ($1,000,000) in excess thereof; provided, that the applicable Borrower may not so prepay Eurodollar Rate Advances unless it shall have provided at least three (3) Business Days’ prior written notice to the Administrative Agent of such prepayment and provided, further, all Eurodollar Loans constituting part of the same Eurodollar Rate Advance shall be repaid or prepaid at the same time.

  • ISDA Early Termination Date Party A has the right to designate an Early Termination Date pursuant to Section 6 of the Agreement;

  • Optional Prepayments with Make-Whole Amount (a) The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, any Series of the Notes, in an amount not less than 10% of the aggregate principal amount of such Series of the Notes then outstanding (but if in the case of a partial prepayment, then against each tranche within such Series of Notes in proportion to the aggregate principal amount outstanding of each tranche of such Series), at 100% of the principal amount so prepaid, together with interest accrued thereon to the date of such prepayment, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder of the Series of Notes to be prepaid written notice of each optional prepayment under this Section 8.2 not less than 10 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date, the aggregate principal amount of the Series of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of the Series of Notes to be prepaid a certificate of a Senior Financial Officer specifying the calculation of such Make-Whole Amount as of the specified prepayment date.

  • Early Termination of Option The Option, to the extent not previously exercised, and all other rights in respect thereof, whether vested and exercisable or not, shall terminate and become null and void prior to the Expiration Date in the event of: • the termination of the Participant’s employment or services as provided in Section 5.6 of the Plan, or • the termination of the Option pursuant to Section 7.3 of the Plan.

  • Optional Repayment If so indicated in the Accumulation Fund Schedule, GLAIC shall pay to the Policyholder the amount the Policyholder needs to redeem or repay any notes or other instruments issued by the Policyholder and backed by this Policy, pursuant to any limited right of redemption or repayment contained in such note or instrument. GLAIC may require reasonable evidence that the redemption or repayment request satisfies all the terms and conditions described in the prospectus, prospectus supplement and/or pricing supplement applicable to such note or other instrument. Additional restrictions, if any, on the Policyholder’s reimbursement rights under this Section may be included in the Accumulation Fund Schedule.

  • Optional Repayments The Borrower may at any time and from time to time repay the Revolving Credit Loans, in whole or in part, upon at least three (3) Business Days' irrevocable notice to the Administrative Agent with respect to LIBOR Rate Loans and one (1) Business Day's irrevocable notice with respect to Base Rate Loans, in the form attached hereto as Exhibit D (a "Notice of Prepayment") specifying the date and amount of repayment and whether the repayment is of LIBOR Rate Loans, Base Rate Loans, or a combination thereof, and, if of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth in such notice. Partial repayments shall be in an aggregate amount of $1,000,000 or a whole multiple of $250,000 in excess thereof with respect to Base Rate Loans and $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect to LIBOR Rate Loans.

  • Fixed Annuity Payments The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

  • Optional Principal Payments 11 2.8 Method of Selecting Types and Interest Periods for New Advances..........................................12 2.9 Conversion and Continuation of Outstanding Advances......................................................12 2.10 Changes in Interest Rate, etc...........................................................................12 2.11

  • Option Acceleration One hundred percent (100%) of the shares subject to all Options granted to the Employee by the Company prior to the Change of Control shall immediately become vested and exercisable in full upon such Involuntary Termination. Following such acceleration, the Options shall continue to be subject to the terms and conditions of the Company’s stock option plans and the applicable option agreements between the Employee and the Company.

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