Optional Purchase definition

Optional Purchase has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.

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Optional Purchase shall have the meaning assigned to such term in Section 9.01(a).

Optional Purchase has the meaning set forth in Section 9.2(a).

Examples of Optional Purchase in a sentence

The Issuer shall wind up and dissolve upon the latest of (1) satisfaction and discharge of the Indenture, (2) the Optional Purchase of the Trust Estate pursuant to the Sale and Servicing Agreement or (3) the final distribution from the Collection Account established pursuant to Section 4.1(a)(i) of the Sale and Servicing Agreement.
The Parties hereby agree that, concurrently with the execution of the Transaction Documents, each of the Investors partially exercises its Optional Share Purchase for, and the Company shall issue and sell, the Additional Shares in the amounts set forth opposite such Investor’s name under the heading “Loan Amendment Optional Purchase Shares” on Exhibit B attached hereto in accordance with the terms of this Letter Agreement and the Subscription Agreement.
The Servicer shall be permitted to pay the Optional Purchase Price pursuant to Section 8.1 net of amounts to be distributed to the Servicer or its Affiliates on the related Redemption Date, and accounts between the Servicer and such Affiliates shall be adjusted accordingly.
The Parties hereby agree that the payment of the par value of the Additional Shares, together with the consent to the execution of the Transaction Documents by the parties thereto set forth in Section 3, shall serve as good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by the Parties, for the Loan Amendment Optional Purchase and the Company hereby waives the right to any further consideration (in cash or otherwise) for the Additional Shares.
The Servicer shall furnish written notice of its election to exercise the Optional Purchase to the Indenture Trustee and the Owner Trustee not later than ten days prior to the date of the Optional Purchase.

More Definitions of Optional Purchase

Optional Purchase has the meaning set forth in Section 9.03 of the Trust Agreement.

Optional Purchase means the exercise by the Servicer of its option to purchase all remaining Receivables from the Issuer on any Payment Date following the last day of a Collection Period as of which the Pool Balance is 5% or less of the Cutoff Date Pool Balance.

Optional Purchase or “Optional Purchase Price” have the respective meanings set forth in Section 2.19.

Optional Purchase has the meaning set forth in Section 2.19 of the Servicing Agreement.

Optional Purchase means the optional purchase of the Trust Property as set forth in Section 10.01(a) hereof.

Optional Purchase has the meaning set forth in Section 4.1 of the Receivables Contribution Agreement.

Optional Purchase shall have the meaning specified in Section 2.09(a) of this Agreement.