Common use of Optional Liquidation Clause in Contracts

Optional Liquidation. The Seller may at any time direct that Reinvestment Purchases cease for the Receivable Interests of all Purchasers. Any such direction shall be made by giving the Administrative Agent and the Servicer at least two Business Days' prior written (including telecopy or other facsimile communication) notice (each a "Reduction Notice") specifying the date on which such Reinvestment Purchases shall cease and, if desired, when such Reinvestment Purchases shall re-commence, identified as when the aggregate outstanding Capital is reduced by a specified amount (the "Reduction Amount"). If the Seller does not so specify the date on which Reinvestment Purchases shall re-commence, it may cause Reinvestment Purchases to re-commence at any time before the Termination Date, subject to the terms and conditions set forth herein, by notifying the Administrative Agent and the Servicer in writing (including by telecopy or other facsimile communication) at least one Business Day before the date on which it desires such Reinvestment Purchases to re-commence.

Optional Liquidation. The Seller may at any time direct that Reinvestment Purchases cease for the Receivable Interests of all Purchasers. Any such direction shall be made by giving the Administrative Agent and the Servicer at least two Business Days' ’ prior written (including telecopy or other facsimile communication) notice (each a "“Reduction Notice"”) specifying the date on which such Reinvestment Purchases shall cease and, if desired, when such Reinvestment Purchases shall re-commence, identified as when the aggregate outstanding Capital is reduced by a specified amount (the "“Reduction Amount"”). If the Seller does not so specify the date on which Reinvestment Purchases shall re-commence, it may cause Reinvestment Purchases to re-commence at any time before the Termination Date, subject to the terms and conditions set forth herein, by notifying the Administrative Agent and the Servicer in writing (including by telecopy or other facsimile communication) at least one Business Day before the date on which it desires such Reinvestment Purchases to re-commence.