Common use of Purchase Price Reduction Clause in Contracts

Purchase Price Reduction. (a) At any time after the Second Purchase Date, Seller may elect to prepay all or a portion of the Repurchase Price of the Purchased Securities upon at least five Business Days’ prior written notice to Buyer, any prepayment under this clause (a), a “Voluntary Prepayment,” any prepayment of all of the then-outstanding Repurchase Price under this clause (a), a “Voluntary Full Prepayment” and any prepayment of a portion of the then-outstanding Repurchase Price under this clause (a), a “Voluntary Partial Prepayment”); provided that a Voluntary Partial Prepayment may be elected if a portion of the Purchased Securities have been redeemed by the Issuer for cash in the form of USD on or prior to the related Prepayment Date (as defined below) and the portion of the Purchased Securities to be repurchased shall be those which have been redeemed and in an amount not in excess of the Current Redeemed Amount.

Purchase Price Reduction. (a) At any time after the Second Purchase Facility Period End Date, Seller may elect to prepay all or a portion of the Repurchase Price of the Purchased Securities upon at least five three Business Days’ ' prior written notice to Buyer, any prepayment under this clause (a), a “"Voluntary Prepayment,” ", any prepayment of all of the then-outstanding Repurchase Price under this clause (a), a “"Voluntary Full Prepayment” " and any prepayment of a portion of the then-outstanding Repurchase Price under this clause (a), a “"Voluntary Partial Prepayment”"); provided that that: (i) a Voluntary Partial Prepayment may only be elected if a portion of the Purchased Securities have been redeemed by the Issuer for cash in the form of USD on or prior to the related Prepayment Date (as defined below) and the portion of the Purchased Securities to be repurchased shall be those which have been redeemed and in an amount not in excess of the Current Redeemed Amount; and (ii) no prepayment election may be made by Seller unless, immediately after giving effect to the relevant Voluntary Prepayment, (A) no Borrowing Base Deficiency will occur or be continuing and (B) all of the Borrowing Base Portfolio Criteria will be satisfied.