Common use of Optional Repurchase Clause in Contracts

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to 10% or less of the aggregate principal amount of the Certificates on the Closing Date, the Depositor shall have the option, subject to the condition set forth in subsection (c) of this Section 7.01, to purchase the entire amount of, but not less than the entire amount of, the Certificates, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to 10% or less of the aggregate principal amount of the Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 1996-1 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to 10% or less of the aggregate principal amount of the Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 1996-2 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate initial principal amount of the Series 2000-1 Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 2000-1 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or ------------------- after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate principal amount of the Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries [ ] Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to 10% or less of the aggregate principal amount of the Certificates on the Closing DateDate or less, the Depositor Transferor shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 1995-1 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate initial principal amount of the Series 2000-2 Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 2000-2 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date ------------------- occurring on or after the date on which the Invested Amount is reduced to 10(_)% or less of the aggregate principal amount of the Certificates on the Closing DateDate or less, the Depositor Transferor shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries (_) Certificateholder's Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a1) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate initial principal amount of the Series [ ] Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries [ ] Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than 10% or less of the aggregate principal amount of the Certificates on the Closing Date, the Depositor Seller shall have the option, subject to the condition set forth in subsection (c) of this Section 7.01, option to purchase all of the entire amount of, but not less than the entire amount of, the Certificates, Series 1999-1 Certificates at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to 10% $[ ] or less of the aggregate principal amount of the Certificates on the Closing Dateless, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01, to purchase the entire amount of, but not less than the entire amount of, the CertificatesSeries [199_-_] Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate initial principal amount of the Series [ ] Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries [ ] Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any the Distribution Date occurring on or after the date on which the Invested Amount is reduced to 105% or less of the aggregate principal amount of the Certificates on the Closing DateInitial Invested Amount or less, the Depositor Sellers shall have the option, subject to the condition set forth in subsection (c) of this Section 7.01, option to purchase the entire amount of, but not less than the entire amount of, the CertificatesSeries 1998-9 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.

Optional Repurchase. (a) On any Distribution Date occurring on or after the date on which the Invested Amount is reduced to less than ten percent (10% or less %) of the aggregate initial principal amount of the Series 2000-3 Certificates on the Closing DateDate or less, the Depositor Seller shall have the option, subject to the condition set forth in subsection paragraph (c) of this Section 7.01), to purchase the entire amount ofentire, but not less than the entire amount ofentire, the CertificatesSeries 2000-3 Certificateholders' Interest, at a purchase price equal to the Reassignment Amount for such Distribution Date.