Common use of Notes Payable on Repurchase Date Clause in Contracts

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.06, and unless the Issuer or the Class F Noteholder shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase. (b) The portion of the Repurchase Price constituting payment of principal of the Offered Notes and the Class E Notes shall be distributed to Noteholders in accordance with Section 7.05(c) of the Sale and Servicing Agreement and all other amounts included in the Repurchase Price shall be distributed in accordance with Section 7.05(a) of the Sale and Servicing Agreement.

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.0610.05, and unless the Issuer or the Class F Noteholder shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase. (b) The portion of the Repurchase Price constituting payment of principal of the Offered Notes and the Class E Notes shall be distributed to Noteholders in accordance with Section 7.05(c) of the Sale and Servicing Agreement and all other amounts included in the Repurchase Price shall be distributed in accordance with Section 7.05(a) of the Sale and Servicing Agreement.

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase an Optional Repurchase of the Offered Notes as required by Section 10.0610.05, and unless the Issuer or the Class F Noteholder shall have has provided written notice to the Indenture Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01repurchase, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in the payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note Notes will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder Holders of the Class F Note Notes in connection with such repurchase. On the Repurchase Date, upon deposit in full by the Issuer in the Note Distribution Account of an amount equal to the Repurchase Price, the Indenture Collateral (other than the Trust Accounts) shall cease to constitute assets of the Issuer and the Noteholders shall have no interest therein nor any claim to any distributions in respect of the Indenture Collateral (other than the Trust Accounts). (b) The portion of the Repurchase Price constituting payment payable in respect of principal of the Offered Notes and the Class E Notes shall will be distributed to Noteholders in accordance with as set forth under clause Tenth of Section 7.05(c7.05(b) of the Sale and Servicing Agreement and all other amounts included in payable will be distributed as set forth under such Section 7.05(b). On and after the Repurchase Price Date, all payments of principal and interest in respect of the Loans shall be distributed in accordance with Section 7.05(a) solely for the account of the Sale and Servicing AgreementServicer.

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.0610.05, and unless the Issuer or the Class F Noteholder shall have provided written notice to the Indenture Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder of the Class F Note in connection with such repurchase. (b) The portion of the Repurchase Price constituting payment of principal of the Offered Notes and the Class E Notes shall be distributed to Noteholders in accordance with Section 7.05(c) of the Sale and Servicing Agreement and all other amounts included in the Repurchase Price shall be distributed in accordance with Section 7.05(a) of the Sale and Servicing Agreement.

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase an Optional Repurchase of the Offered Notes as required by Section 10.0610.05, and unless the Issuer or the Class F Noteholder shall have has provided written notice to the Indenture Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01repurchase, on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in the payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E Notes, the Class F Note Notes will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder Holders of the Class F Note Notes in connection with such repurchase. On the Repurchase Date, upon deposit in full by the Issuer in the Note Distribution Account of an amount equal to the Repurchase Price, the Indenture Collateral (other than the Trust Accounts) shall cease to constitute assets of the Issuer and the Noteholders shall have no interest therein nor any claim to any distributions in respect of the Indenture Collateral other than the Trust Accounts). (b) The portion of the Repurchase Price constituting payment payable in respect of principal of the Offered Notes and the Class E Notes shall will be distributed to Noteholders in accordance with as set forth under clause Ninth of Section 7.05(c7.05(b) of the Sale and Servicing Agreement and all other amounts included in the Repurchase Price shall payable will be distributed in accordance with Section 7.05(a) of the Sale and Servicing Agreement.as set forth under such

Notes Payable on Repurchase Date. (a) The Notes to be repurchased shall, following notice of repurchase as required by Section 10.0610.05, and unless the Issuer or the Class F Noteholder shall have provided written notice to the Trustee of its election to withdraw such notice of repurchase as contemplated in Section 10.01, become due and payable on the Repurchase Date become due and payable at the Repurchase Price and all Class A-2 A-1A VFN Commitments shall terminate on the related Repurchase Date and (unless the Issuer shall default in payment of the Repurchase Price) no interest shall accrue on the Repurchase Price for any period after the date to which accrued interest is calculated for purposes of calculating the Repurchase Price. Following the repurchase in whole of the Offered Notes and the Class E D Notes, the Class F Note E Notes will be repurchased in whole whether or not any amounts are available to the Issuer for distribution to the Holder Holders of the Class F Note E Notes in connection with such repurchase. (b) The portion of the Repurchase Price constituting payment of principal of the Offered Notes and the Class E D Notes shall be distributed to Noteholders in accordance with Section 7.05(c) of the Sale and Servicing Agreement and all other amounts included in the Repurchase Price shall be distributed in accordance with Section 7.05(a) of the Sale and Servicing Agreement. (c) On the Repurchase Date, the Indenture Collateral (other than the Transaction Accounts) shall cease to constitute assets of the Issuer and the Noteholders shall have no interest therein nor any claim to any distributions in respect of the Indenture Collateral (other than the Transaction Accounts).