Optional Purchase Date definition

Optional Purchase Date. As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

Optional Purchase Date. The date on which the Servicer exercises its optional purchase right pursuant to Section 6.1 of the Servicing Agreement.

Optional Purchase Date means the Trading Day during the Commitment Period that an Optional Purchase Notice to sell Common Stock to the Investor is deemed delivered pursuant to Section 2.2(b) hereof.

Examples of Optional Purchase Date in a sentence

• The Pool 1 Initial Optional Purchase Date or the Pool 2 Initial Optional Purchase Date, as applicable.

• The Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A- 5, Class 1-M-1, Class 1-M-2 Class 1-B-1, Class 1-B-2, Class 1-CE and Class 1-P Certificates Pool 1 Initial Optional Purchase Date: The first Distribution Date following the date on which the Pool 1 Aggregate Collateral Balance is equal to or less than 10.00% of the Pool 1 Aggregate Collateral Balance as of the Cut-off Date.

• Notice of the prepayment of any Notes resulting from a purchase of the Financed Eligible Loans on the Optional Purchase Date or the auction of the Financed Eligible Loans on the Trust Auction Date shall be given by the Trustee to the Registered Owners by first class mail within five Business Days after such Optional Purchase Date or Trust Auction Date.

• Collections remitted after the Optional Purchase Date shall be credited against the above purchase price for the Receivables paid on the Distribution Date related to such Optional Purchase Date.

• Notice of the prepayment of any Notes resulting from a purchase of the Financed Eligible Loans on the Optional Purchase Date or the auction of the Financed Eligible Loans on the Trust Auction Date shall be given by the Trustee to the Registered Owners by first class mail within five Business Days of such Optional Purchase Date or Trust Auction Date.

More Definitions of Optional Purchase Date

Optional Purchase Date. With respect to (a) the Secured Notes, as set forth in Section 8.01(a) of the Administration Agreement and (b) the Lease Assets, as set forth in Section 7.01 of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

Optional Purchase Date. As defined in Section 8.01(a) of the Trust Sale and Servicing Agreement.

Optional Purchase Date means, during the Purchase Period, the date on which the condition precedent provided for under article 4.5 of the Master Transfer Agreement has been satisfied.

Optional Purchase Date. As defined in Section 11.01.

Optional Purchase Date means the date selected by the Purchaser for the Optional Purchase of Listed Shares pursuant to Section 3.2 or Section 4.2.

Optional Purchase Date means any date during the Lease Term as specified in the Lease upon which the City, pursuant to the Lease, may elect to purchase the Facilities for the then applicable Option Purchase Price.

Optional Purchase Date has the meaning set forth in Section 6.6 of the Servicing Agreement.