Optional Purchase Price has the meaning set forth in Section 8.1 of the Sale and Servicing Agreement.
Optional Purchase Price means, on any Payment Date, the greater of (a) the aggregate Outstanding Note Balance plus accrued and unpaid interest thereon at the applicable Interest Rate up to but excluding that Payment Date (after giving effect to all distributions pursuant to Section 4.4(a) of the Sale and Servicing Agreement on such Payment Date) and (b) the fair market value of the Trust Estate (other than the Reserve Account).
Optional Purchase Price means an amount equal to the greater of (i) the fair market value of the Trust Estate and (ii) the Outstanding Amount plus all accrued and unpaid interest on each Class of Notes (including, without duplication, any Class A‑1 Interest Carryover Shortfall, Class A‑2a Interest Carryover Shortfall, Class X-0x Xxxxxxxx Xxxxxxxxx Shortfall, Class A‑3 Interest Carryover Shortfall, Class A‑4 Interest Carryover Shortfall or Class B Interest Carryover Shortfall) through the Payment Date on which the Trust Estate is to be purchased by the Servicer, or successor to the Servicer.
Examples of Optional Purchase Price in a sentence
The Servicer shall be permitted to pay the Optional Purchase Price pursuant to Section 4.1 of the Receivables Contribution Agreement net of amounts to be distributed to the Servicer or its Affiliates on the related Redemption Date (including, if applicable, any amounts to be distributed from the Reserve Account), and accounts between the Servicer and such Affiliates shall be adjusted accordingly.
More Definitions of Optional Purchase Price
Optional Purchase Price has the meaning set forth in Section 9.03 of the Trust Agreement.
Optional Purchase Price means, an amount equal to the aggregate Administrative Purchase Payments for the Receivables (including Receivables that became Defaulted Receivables in the Collection Period preceding the Distribution Date on which a purchase pursuant to Section 9.01 is effected), plus the appraised value of any other property held by the Trust, such value to be determined by an appraiser mutually agreed upon by the Servicer and the Indenture Trustee (less liquidation expenses); provided, however, that the Optional Purchase Price shall be equal to or greater than the sum of (i) the Outstanding Amount of all Classes of Notes, (ii) the Noteholders' Interest Distributable Amount for all Classes of Notes for such Distribution Date, and (iii) the Certificate Balance.
Optional Purchase Price means, an amount equal to the greater of (a) the aggregate Repurchase Payments for the Receivables (including Receivables that became Defaulted Receivables in the Collection Period preceding the Distribution Date on which a purchase pursuant to Section 9.01 is effected) and (b) the sum of (i) the Outstanding Amount of all Classes of Notes, (ii) the Noteholders’ Interest Distributable Amount for all Classes of Notes for such Distribution Date and (iii) any amounts due pursuant to Sections 5.06(a)(v) and (vi).
Optional Purchase Price has the meaning set forth in Section 9.2(a).
Optional Purchase Price have the respective meanings set forth in Section 2.19.
Optional Purchase Price has the meaning set forth in Section 2.19 of the Servicing Agreement.
Optional Purchase Price has the meaning set forth in Section 7.1 of the Servicing Agreement.