Prepayment of Certificates. (a) The Certificates shall be prepaid in whole, but not in part, at the direction of the Servicer pursuant to Section 8.1 of the Sale and Servicing Agreement, on any Payment Date on which the Servicer exercises its option to purchase the assets of the Trust pursuant to said Section 8.1, and the amount paid by the Servicer shall be treated as collections of Receivables and applied to pay the unpaid principal amount of the Notes and the Certificate Balance plus accrued and unpaid interest (including any overdue interest, to the extent lawful) thereon. The Servicer shall furnish the Rating Agencies and the Owner Trustee notice of such prepayment. If the Certificates are to be prepaid pursuant to this Section 8.2(a), the Servicer shall furnish notice of such election to the Owner Trustee not later than forty (40) days prior to the Prepayment Date and the Trust shall deposit by 10:00 A.M. (New York City time) on the Prepayment Date in the Certificate Distribution Account the Prepayment Price of the Certificates to be redeemed, whereupon all such Certificates shall be due and payable on the Prepayment Date.
Prepayment of Certificates. Section 6.01. No Prepayment Prior to Maturity.......................... 29 Section 6.02. Prepayment of Certificates............................... 29 Section 6.03. Notice of Prepayment to Holders.......................... 31 Section 6.04. Deposit of Prepayment Price and Sinking Fund Redemption Price.................................................... 31 Section 6.05. Certificates Payable on Prepayment Date.................. 32 Section 6.06. Mandatory Sinking Fund Redemption........................ 32 ARTICLE VII INDENTURE EVENTS OF DEFAULT; REMEDIES OF INDENTURE TRUSTEE AND HOLDERS
Prepayment of Certificates. (a) The Outstanding Certificates shall be prepaid in full (and not in part):
Prepayment of Certificates. (a) The Certificates shall be prepaid in whole, but not in part, at the direction of the Servicer pursuant to Section 9.1 of the Sale and Servicing Agreement, on any Distribution Date on which the Servicer exercises its option to purchase the assets of the Trust pursuant to said Section 9.1, and the amount paid by the Servicer shall be treated as collections of Receivables and applied to pay the unpaid principal amount of the Notes and the Aggregate Certificate Balance plus accrued and unpaid interest (including any overdue interest) thereon. The
Prepayment of Certificates. (a) The Certificates shall be prepaid in whole, but not in part, at the direction of the Servicer pursuant to Section 8.1 of the Sale and Servicing Agreement, on any Payment Date on which the Servicer exercises its option to purchase the assets of the Trust pursuant to said Section 8.1, and the amount paid by the Servicer shall be treated as collections of Receivables and applied to pay the unpaid principal amount of the Securities plus accrued and unpaid interest (including any overdue interest) thereon. The Servicer shall furnish the Rating Agencies and the Owner Trustee notice of such prepayment. If the Certificates are to be prepaid pursuant to this Section 9.2(a), the Servicer shall furnish notice of such election to the Owner Trustee not later than twenty (20) days prior to the Payment Date on which such prepayment will be made and the Trust shall deposit by 10:00 A.M. (New York City time) on such Payment Date in the Trust Distribution Account the Certificate Prepayment Amount of the Certificates to be prepaid, whereupon all such Certificates shall be due and payable on such Payment Date.
Prepayment of Certificates. If the Lessee is not in default in making Rental Payments or Additional Payments under this Lease, the Lessor, at the written direction of the Lessee, at any time when the aggregate moneys in the funds held under the Indenture are sufficient for such purposes, shall (i) if the Outstanding Certificates are then subject to prepayment under the provisions of Article III of the Indenture, take all steps that may be necessary under the applicable prepayment provisions of the Indenture to prepay all or such part of the Principal Component of Rental Payments represented by the then Outstanding Certificates as may be specified by the Lessee, on such date as may be specified by the Lessee, (ii) cause such moneys in the Certificate Fund or such part thereof as the Lessee shall direct, to be applied by the Lessor for the purchase of Certificates in the open market for the purpose of cancellation at prices not exceeding the Principal Components represented by such Certificates plus accrued interest thereon to the date of delivery for cancellation, or (iii) a combination of (i) and (ii) as provided in such direction. Such notice by the Lessee may be revocable by the Lessee at any time prior to the time at which the Certificates are to be prepaid as provided in Section 305 of the Indenture or are deemed to be paid in accordance with Article XI of the Indenture. Any prepayment of the Principal Component of the Rental Payments in accordance with this Section shall be applied to reduce the Option Purchase Price and shall be credited as a payment of Rental Payments from such maturities as are selected by the Lessee.
Prepayment of Certificates. (a) The Certificates shall be prepaid in whole, but not in part, at the direction of the Servicer pursuant to Section 9.1 of the Sale and Servicing Agreement, on any Distribution Date on which the Servicer exercises its option to purchase the assets of the Trust pursuant to said Section 9.1, and the amount paid by the Servicer shall be treated as collections of Receivables and applied to pay the unpaid principal amount of the Notes and the Aggregate Certificate Balance plus accrued and unpaid interest (including any overdue interest) thereon. The Servicer shall furnish the Rating Agencies and the Owner Trustee notice of such prepayment. If the Certificates are to be prepaid pursuant to this Section 9.2(a), the Servicer shall furnish notice of such election to
Prepayment of Certificates. SECTION 4.1. Establishment of Prepayment Fund 16 SECTION 4.2. Prepayment from Net Insurance and Condemnation Proceeds 16 SECTION 4.3. Mandatory Sinking Fund Prepayment 17 SECTION 4.4. Optional Prepayment of Certificates 18 SECTION 4.5. Selection of Certificates for Prepayment; Partial Prepayment 18 SECTION 4.6. Notice of Prepayment 19 SECTION 4.7. Effect of Notice of Prepayment 20 SECTION 4.8. Surplus 20 TABLE OF CONTENTS (continued) Page ARTICLE V LEASE PAYMENTS; LEASE PAYMENT FUND; REBATE FUND
Prepayment of Certificates. (a) The Certificates shall be prepaid in whole, but not in part, at the direction of [the] [a] [Master] Servicer pursuant to Section [8.1] of the Servicing Agreement, on any Payment Date on which [the] [such] [Master] Servicer exercises its option to purchase the assets of the Trust pursuant to said Section 8.1, and the amount paid by [the] [Master] [such] Servicer shall be treated as collections of Receivables and applied to pay the unpaid principal amount of the Notes and the Certificate Balance plus accrued and unpaid interest (including any overdue interest, to the extent lawful) thereon. Any remainder shall be paid to [the holders of the Class E Certificates]. The [Master] Servicer shall furnish the Rating Agencies and the Owner Trustee notice of such prepayment. If the Certificates are to be prepaid pursuant to this Section 8.2(a), the [Master] Servicer shall furnish notice of such election to the Owner Trustee not later than forty (40) days prior to the Prepayment Date and the Trust shall deposit by 10:00 A.M. (New York City time) on the Prepayment Date in the Certificate Distribution Account the Prepayment Price of the Certificates to be redeemed, whereupon all such Certificates shall be due and payable on the Prepayment Date.
Prepayment of Certificates. (a) If a Casualty has occurred with respect to all or substantially all of the Equipment, and Lessee has purchased the Equipment from the Trustee pursuant to SECTION 9.1 of the Lease, then the Trustee shall prepay, and there shall become due all Certificates at 100% of the unpaid investment amount thereof, together with all accrued but unpaid Yield thereon.
