Examples of Optional Purchase Price in a sentence
In connection with the exercise of an Optional Purchase, the Servicer will deposit, subject to Section 8.04 of the Servicing Agreement, the Optional Purchase Price into the 2022-A Series Collection Account on the Deposit Date relating to the Redemption Date.
Notwithstanding anything to the contrary contained in this 2022-A Servicing Supplement, NMAC (as Servicer or in any other capacity) shall be permitted to deposit into the 2022-A Series Collection Account only the net amount distributable to the Issuing Entity, as holder of the 2022-A Series Certificate on the related Deposit Date and may pay the Optional Purchase Price pursuant to Section 9.03 of the Trust Agreement net of amounts to be distributed to the Servicer or its Affiliates.
If the Servicer exercises the Optional Purchase, the Servicer will deposit, subject to Section 8.04 of the Servicing Agreement, the Optional Purchase Price into the 2022-A Series Collection Account on the Deposit Date relating to the related Payment Date.