SELLER'S REPURCHASE OPTION. On written notice to the Owner Trustee and the Indenture Trustee at least 20 days prior to a Distribution Date, provided the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Closing Date, Seller may (but is not required to) repurchase from the Trust on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the outstanding principal balance of the Notes on the previous Distribution Date plus the Note Interest Distributable Amount for the current Distribution Date as well as any unreimbursed Service Advances and the accrued and unpaid Monthly Servicing Fee and Indenture Trustee Fee to the date of such repurchase, provided the Seller is in receipt of a valuation letter by the Seller's financial advisor that the Seller's repurchase is for fair and adequate consideration. Such price will be deposited in the Collection Account not later than one Business Day before such Distribution Date, against the Trustees' release of the Contracts and Contract Files as described in Section 7.10 of the Sale and Servicing Agreement.
SELLER'S REPURCHASE OPTION. On written notice to the Owner Trustee and the Indenture Trustee at least 20 days prior to a Distribution Date, provided the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Closing Date, Seller may (but is not required to) repurchase from the Trust on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the aggregate unpaid principal balance of the Notes on the previous Distribution Date plus the aggregate of the Note Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and Indenture Trustee Fee to the date of such repurchase. Such price will be deposited in the Collection Account not later than one Business Day before such Distribution Date, against the Trustees’ release of the Contracts and Contract Files as described in Section 7.10 of the Sale and Servicing Agreement.
SELLER'S REPURCHASE OPTION. ARTICLE VI INDEMNITIES
SELLER'S REPURCHASE OPTION. As provided in the Transfer and Sale Agreement, on written notice to the Indenture Trustee at least 20 days prior to a Distribution Date, and provided that the sum of (i) the aggregate unpaid principal balance of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class B Notes and (ii) the Certificate Balance on such Distribution Date is less than 10% of the Aggregate Principal Balance as of the Cutoff Date, the Seller, through the Depositor, may (but is not required to) repurchase on that Distribution Date pursuant to the Transfer and Sale Agreement all outstanding Contracts (and related Contract Assets) at a price equal to the sum of (i) the aggregate unpaid principal balance of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class B Notes and (ii) the Certificate Balance as of that Distribution Date plus the aggregate of the Note Interest Distributable Amount and the Certificate Interest Distributable Amount for the current Distribution Date, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and the Indenture Trustee Fees to the date of such repurchase. Such price will be deposited in the Collection Account not later than one (1) Business Day before such Distribution Date, against the Trustees' release of the Contracts and the Contract Files to the Seller.
SELLER'S REPURCHASE OPTION. As provided in the Transfer and Sale Agreement, on written notice to the Trustee at least 20 days prior to a Payment Date, and provided that aggregate of the Class A Certificate Balance and Class B Certificate Balance is then less than 10% of the Class A Initial Certificate Balance and Class B Initial Certificate Balance, and provided a valuation letter is delivered as required in Section 5.02 of the Transfer and Sale Agreement, the Seller may (but is not required to) repurchase on that Payment Date all outstanding Contracts at a price equal to the aggregate of the Class A and Class B Certificate Balance on the previous Payment Date plus the aggregate of the Class A Interest Distributable Amount and the Class B Interest Distributable Amount for the current Payment Date thereon, the Reimbursement Amount (if any) as well as accrued and unpaid Monthly Servicing Fees and Trustee Fees to the date of such repurchase. Such price is to be deposited in the Collection Account one Business Day before such Payment Date, against the Trustee's release of the Contracts and the Contract Files to the Seller in the manner described in Section 8.07 above.
SELLER'S REPURCHASE OPTION. The Seller may, on the Repurchase Option Date set forth in the applicable Purchase Request, repurchase 100% of the Outstanding Balance of all Purchased Receivables described in such Purchase Request by paying to the Purchaser the Repurchase Price therefor on such Repurchase Option Date (the "Repurchase Date"), which shall be no less than two Business Days after the Purchaser's receipt of the Seller's notice of exercise of option to repurchase such Purchased Receivable.
SELLER'S REPURCHASE OPTION. On written notice to the Owner Trustee and the Indenture Trustee at least 20 days prior to a Distribution Date, provided the Pool Balance is then less than 10% of the Aggregate Principal Balance as of the Closing Date, Seller may (but is not required to) repurchase from the Trust on that Distribution Date all outstanding Contracts (and related Contract Assets) at a price equal to the outstanding principal balance of the Notes on the previous Distribution Date plus the Note Interest Distributable Amount for the current Distribution Date as well as any unreimbursed Service Advances and the accrued and unpaid Monthly Servicing Fee and Indenture Trustee Fee to the date of such repurchase. Such price will be deposited in the Collection Account not later than one Business Day before such Distribution Date, against the Trustees' release of the Contracts and Contract Files as described in Section 7.10 of the Sale and Servicing Agreement.
SELLER'S REPURCHASE OPTION. Following Seller's written notice to the Purchaser at least twenty (20) days prior to a Payment Date, and provided that the Receivable Balance of all Receivables in the Asset Pool is then less than 5.00% of the aggregate Receivable Balances of the Receivables purchased hereunder when so purchased, the Seller may (but is not required to) repurchase from the Purchaser on that Payment Date all outstanding Receivables and related Assets at a price equal to the Aggregate Unpaids. Such price is to be deposited in the Collection Account one Business Day before such Payment Date, against the Purchaser's retransfer and release of the Receivables, related Assets and the Receivable Files to the Seller.
SELLER'S REPURCHASE OPTION. 11 ARTICLE VI INDEMNITIES.............................................................................11 SECTION 6.01. SELLER INDEMNIFICATION............................................................11 SECTION 6.02.
SELLER'S REPURCHASE OPTION. On written notice to the Owner Trustee and the Indenture Trustee at least twenty (20) days prior to a Distribution Date, and provided that the ADCB of all Contracts in the Contracts Pool is then less than 10% of the ADCB of such Contracts as of the Initial Cutoff Date, the Seller, through the Trust Depositor, may (but is not required to) repurchase from the Trust Depositor (and the Trust Depositor concurrently from the Trust) on that Distribution Date all outstanding Contracts at a price equal to the aggregate outstanding Principal Amount of the Securities (other than the Class E Certificates) as of the current Distribution Date thereon, the amount of unreimbursed Servicer Advances (if any) as well as accrued and unpaid monthly Servicing Fees to the date of such repurchase. Such price is to be deposited in the Collection Account not later than one Business Day before such Distribution Date, against the Owner Trustee's and Indenture Trustee's and Trust Depositor's release of the Contracts and the Contract Files to the Seller.
