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.