Common use of Optional Repurchase of Notes Clause in Contracts

Optional Repurchase of Notes. On or after the date (if any) set forth in the Series Supplement related to a Series of Indenture Notes, ZVF shall have the option to purchase all Outstanding Indenture Notes of such Series, or Class of such Series, at a purchase price set forth in such Series Supplement. Unless otherwise specified in the related Series Supplement, ZVF shall give the Trustee at least 30 days’ prior written notice of the date on which ZVF intends to exercise such option to purchase and the Trustee shall forward such notice to the Noteholders of the applicable Series as soon as reasonably practicable. Not later than the Business Day prior to the date set for purchase, an amount equal to the purchase price for the Indenture Notes of such Series will be deposited into the Collection Account or a Series Account for such Series in immediately available funds in accordance with the related Series Supplement. The funds deposited into the Collection Account or Series Account or distributed to the Trustee or the Paying Agent will be passed through in full to the Indenture Noteholders of such Series on such date.