Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.0% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by Series 2001-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount shall be reduced to zero and the Series 2001-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.010% or less of the Initial Invested Amount, the Seller Transferor shall have the option to purchase the Series 1997-1 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 20011997-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(bsubsection 8.1(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.010% or less of the Initial Invested Amount, the Seller Transferor shall have the option to purchase the Series 1997-1 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 20011997-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.010% or less of the Initial Invested Amount, the Seller Transferor shall have the option to purchase the Series 1996-3 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1996-3 shall be reduced to zero and the Series 20011996-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.0% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by Series 20012000-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount shall be reduced to zero and the Series 20012000-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20011998-11 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1998-1 shall each be reduced to zero and the Series 20011998-1 Certificateholders and the Collateral Class C Interest Holder Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-18 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-8 shall be reduced to zero and the Series 2001-1 8 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.010% or less of the Initial largest Invested AmountAmount at any time on or after the Closing Date, the Seller Transferor shall have the option to purchase the Series 1997-One Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Transferor intends to exercise such purchase option. Not later than 12:00 noon11:00 a.m., New York City time, on such day the Seller Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-One shall be reduced to zero and the Series 20011997-1 One Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012000-11 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-1 shall be reduced to zero and the Series 20012000-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which [the sum of] the Invested Amount [and the Enhancement Invested Amount, if any,] is reduced to 5.0[ ]% or less of the Initial Series Invested Amount, the Seller Depositor shall have the option to purchase the Series 199_-_ Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Depositor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Depositor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Depositor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 199_-_ [and the Enhancement Invested Amount] shall [each] be reduced to zero and the Series 2001-1 199_-_ Certificateholders [and the Cash Collateral Interest Holder Depositor] shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).]

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20011998-14 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1998-4 shall each be reduced to zero and the Series 20011998-1 4 Certificateholders and the Collateral Class C Interest Holder Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller Sellers shall have the option to purchase the Series 1997-4 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Seller Sellers shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends Sellers intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Seller Sellers shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-4 shall be reduced to zero and the Series 20011997-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012002-14 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2002-4 shall be reduced to zero and the Series 20012002-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012000-14 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-4 shall be reduced to zero and the Series 20012000-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller Sellers shall have the option to purchase the Series 1997-1 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Seller Sellers shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends Sellers intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Seller Sellers shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 20011997-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-13 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-3 shall be reduced to zero and the Series 2001-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20011999-12 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1999-2 shall each be reduced to zero and the Series 20011999-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-12001- 2 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-2 shall be reduced to zero and the Series 2001-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Series 2000-1 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-1 shall be reduced to zero and the Series 20012000-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(b).the

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.0% [5]% or less of the Initial Invested Amount, the Seller Transferor shall have the option to purchase the Series [199_-_] Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferor shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller Transferor intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Transferor shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series [199_-_] shall be reduced to zero and the Series 2001-1 [199_-_] Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-16 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-6 shall be reduced to zero and the Series 2001-1 6 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20011999-11 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1999-1 shall each be reduced to zero and the Series 20011999-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-11 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-1 shall be reduced to zero and the Series 2001-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-14 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-4 shall be reduced to zero and the Series 2001-1 4 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.0% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by Series 2001-12000-__, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount shall be reduced to zero and the Series 2001-1 2000-__ Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20011999-13 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 1999-3 shall each be reduced to zero and the Series 20011999-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller Transferors shall have the option to purchase the Series 1997-1 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller Transferors shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends Transferors intend to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller Transferors shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount for Series 1997-1 shall be reduced to zero and the Series 20011997-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION subsection 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012002-12 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2002-2 shall be reduced to zero and the Series 20012002-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012000-13 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-3 shall be reduced to zero and the Series 20012000-1 3 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-17 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-7 shall be reduced to zero and the Series 2001-1 7 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, a Seller (so long as such Seller is the Seller Servicer or an Affiliate thereof) shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-15 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Such Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the such Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the that Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2001-5 shall be reduced to zero and the Series 2001-1 5 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012000-15 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-5 shall be reduced to zero and the Series 20012000-1 5 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.0% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by Series 20012002-1, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount in accordance with the foregoing, the Invested Amount shall be reduced to zero and the Series 20012002-1 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 2001-1199_-_ Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 199_-_ shall each be reduced to zero and the Series 2001-1 199_-_ Certificateholders and the Collateral Class C Interest Holder Holders shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Series 2000-2 Certificateholders' Interest represented by Series 2001-1Interest, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for the day immediately preceding such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the day immediately preceding the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City time, on such day Distribution Date the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-2 shall be reduced to zero and the Series 2001-1 S Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).

Optional Repurchase. (a) On any day occurring on or after the date on which the Invested Amount is reduced to 5.05% or less of the Initial Invested Amount, the Seller shall have the option to purchase the Certificateholders' Interest represented by interest of the Series 20012000-12 Holders, at a purchase price equal to (i) if such day is a Distribution Date, the Reassignment Amount for such Distribution Date or (ii) if such day is not a Distribution Date, the Reassignment Amount for the Distribution Date following such day. (b) The Seller shall give the Servicer and the Trustee at least thirty 30 days prior written notice of the date on which the Seller intends to exercise such purchase option. Not later than 12:00 noon, New York City Richmond time, on such day the Seller shall deposit the Reassignment Amount into the Collection Account in immediately available funds. Such purchase option is subject to payment in full of the Reassignment Amount. Following the deposit of the Reassignment Amount into the Collection Amount Account in accordance with the foregoing, the Invested Amount for Series 2000-2 shall be reduced to zero and the Series 20012000-1 2 Certificateholders and the Collateral Interest Holder shall have no further interest in the Receivables. The Reassignment Amount shall be distributed as set forth in SECTION Section 8.01(b).