Common use of Repayment of Trust Certificates Clause in Contracts

Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate. ARTICLE FOUR

Appears in 3 contracts

Samples: Trust Agreement (Honda Auto Receivables 2001-3 Owner Trust), Trust Agreement (American Honda Receivables Corp), Trust Agreement (American Honda Receivables Corp)

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Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a8.01(a) of the Sale and Servicing Agreement, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate a prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate. ARTICLE FOURArticle Four ACTIONS BY OWNER TRUSTEE

Appears in 1 contract

Samples: Trust Agreement (Pooled Auto Securities Shelf LLC)

Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a) of the Sale and Servicing Agreementpurchase, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate a prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate. ARTICLE FOUR.

Appears in 1 contract

Samples: Trust Agreement (American Honda Receivables Corp)

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Repayment of Trust Certificates. In the event of an optional purchase pursuant to Section 8.01 (a) of the Sale and Servicing AgreementPurchase, the Trust Certificates will be prepaid in whole, but not in part, at an aggregate a prepayment price equal to the aggregate Certificate Balance of all the Trust Certificates plus accrued interest thereon at the Certificate Rate. ARTICLE FOUR

Appears in 1 contract

Samples: Trust Agreement (American Honda Receivables Corp)

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