Optional Purchase Date definition

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Optional Purchase Date. The date on which the Servicer exercises its optional purchase right pursuant to Section 6.1 of the Servicing Agreement.

Examples of Optional Purchase Date in a sentence

Collections remitted after the Optional Purchase Date shall be credited against the above purchase price for the Receivables paid on the Distribution Date related to such Optional Purchase Date.
Upon the terms and conditions set forth herein (including, without limitation, the provisions of Article III hereof), on any Optional Purchase Date the Company may exercise a Put by the delivery of an Optional Purchase Notice.
After the date of such deposit and prior to the Optional Purchase Date, neither the Purchaser nor any of its Affiliates shall dispose of any Listed Shares held by them, other than to the Purchaser or any of its Affiliates.
The date on which such redemption shall occur is the Distribution Date following the Optional Purchase Date identified by Servicer in its notice of exercise of such purchase option (the “Redemption Date”).
The Trading Cushion shall have elapsed since the immediately preceding Optional Purchase Date and Closing Date.

Optional Purchase Date. With respect to (a) the Secured Notes, as set forth in Section 8.01(a) of the Administration Agreement and (b) the Lease Assets, as set forth in Section 7.01 of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

Optional Purchase Date means, during the Purchase Period, the date on which the condition precedent provided for under article 4.5 of the Master Transfer Agreement has been satisfied.

Optional Purchase Date. As defined in Section 11.01.

Optional Purchase Date means the date selected by the Purchaser for the Optional Purchase of Listed Shares pursuant to Section 3.2 or Section 4.2.

Optional Purchase Date has the meaning set forth in Section 6.6 of the Servicing Agreement.

Optional Purchase Date means any date during the Lease Term as specified in the Lease upon which the City, pursuant to the Lease, may elect to purchase the Facilities for the then applicable Option Purchase Price.