Sale of Receivables or Certificateholders Clause Samples

Sale of Receivables or Certificateholders. Interest pursuant to Section 2.6 or 10.1 of the Agreement and Section 7.1 or 7.2 of this Supplement. (i) The amount to be paid by the Transferor with respect to Series 1997-1 in connection with a reassignment of Receivables to the Transferor pursuant to Section 2.6 of the Agreement shall equal the Reassignment Amount for the first Distribution Date following the Monthly Period in which the reassignment obligation arises under the Agreement. (ii) The amount to be paid by the Transferor with respect to Series 1997-1 in connection with a repurchase of the Certificateholders' Interest pursuant to Section 10.1 of the Agreement shall equal the sum of (x) the Reassignment Amount for the Distribution Date of such repurchase and (y) the sum of (A) the excess, if any, of (I) a price equivalent to the average of bids quoted on the Record Date preceding the date of repurchase or, if not a Business Day, on the next succeeding Business Day by at least two recognized dealers selected by the Trustee for the purchase by such dealers of a security which is similar to the Class A Certificates with a remaining maturity approximately equal to the remaining maturity of the Class A Certificates and rated by each Rating Agency in the rating category originally assigned to the Class A Certificates over (II) the portion of the Reassignment Amount attributable to the Class A Certificates and (B) the excess, if any, of (I) a price equivalent to the average of bids quoted on such Record Date, or if not a Business Day, on the next succeeding Business Day by at least two recognized dealers selected by the Trustee for the purchase by such dealers of a security which is similar to the Class B Certificates with a remaining maturity approximately equal to the remaining maturity of the Class B Certificates and rated by each Rating Agency in the rating category originally assigned to the Class B Certificates over (II) the portion of the Reassignment Amount attributable to the Class B Certificates. (b) With respect to the Reassignment Amount deposited into the Collection Account pursuant to Section 7.1 or any amounts allocable to the Series 1997-1 Certificateholders' Interest deposited into the Collection Account pursuant to Section 7.2, the Trustee shall, in accordance with the written direction of the Servicer, not later than 12:00 noon, New York City time, on the related Distribution Date, make deposits or distributions of the following amounts (in the priority set forth below and, in each ...

Sale of Receivables or Certificateholders. Interest --------------------------------------------------- pursuant to Section 2.06 or 10.01 of the Agreement and Section 7.1 or 7.2 of ---------------------------------------------------------------------------- this Supplement. --------------- (a) Reassignment Amount. The amount to be paid by the Transferors ------------------- with respect to Series 1998-A in connection with a reassignment of Receivables to the Transferor pursuant to Section 2.06 of the Agreement or a repurchase of the Certificateholder's Interest pursuant to Section 10.01 of the Agreement equals the Reassignment Amount for the first Distribution Date following the Monthly Period in which the reassignment obligation arises under the Agreement.