Common use of Seller's Optional Termination Clause in Contracts

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser or the Administrative Agent.

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts amounts, including Purchase Discount and Program Fees, payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser or the Administrative Agent.

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser or the Administrative Agent.

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser Investors or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser Investors or the Administrative Agent.. [Chrysler Receivables Sale Agreement]

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser Purchasers on any subsequent Settlement Date all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser Purchasers or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser Purchasers or the Administrative Agent.

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Funding Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser or the Administrative Funding Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser Purchaser, the APA Bank or the Administrative Funding Agent.

Seller's Optional Termination. The Seller shall have the right, on five (5) Business Days' written notice to the Administrative Agent, at any time following the reduction of the Aggregate Principal Balance hereunder to a level that is less than ten percent (10%) of the Aggregate Principal Balance on the Purchase Date, to repurchase from the Purchaser all, and not part, of the then outstanding Purchased Receivables, together with the Related Security and Collections relating to such Purchased Receivables. The purchase price in respect thereof shall be an amount equal to the Investment outstanding at such time plus all other amounts payable (whether due or accrued) hereunder or under any other Sale Document to the Purchaser Investors or the Administrative Agent at such time. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of or against the Purchaser Investors or the Administrative Agent.