Common use of Payment of Repurchase Prices and Substitution Shortfall Amounts Clause in Contracts

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Seller hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the related Funding Date in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Funding Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Funding Date.

Appears in 6 contracts

Samples: Purchase and Contribution Agreement (Bluegreen Vacations Holding Corp), Note Funding Agreement (Bluegreen Vacations Corp), Purchase and Contribution Agreement (BBX Capital Corp)

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Payment of Repurchase Prices and Substitution Shortfall Amounts. The Seller hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the related Funding Transfer Date in accordance with the provisions of the Indenture. In the event that more than one Subsequent Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Funding Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Funding Transfer Date.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Bluegreen Corp)

Payment of Repurchase Prices and Substitution Shortfall Amounts. The Seller hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the related Funding Transfer Date in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced substituted pursuant to Sections 6(a), (b) or (c) hereof on any Funding Transfer Date, the Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Funding Transfer Date.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Bluegreen Corp)

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Payment of Repurchase Prices and Substitution Shortfall Amounts. The Seller hereby agrees to remit or cause to be remitted all amounts in respect of Repurchase Prices and Substitution Shortfall Amounts payable during the related Due Period in immediately available funds to the Indenture Trustee to be deposited in the Collection Account on the related Funding Date in accordance with the provisions of the Indenture. In the event that more than one Timeshare Loan is replaced pursuant to Sections 6(a), (b) or (c) hereof on any Funding Date, the 18 Substitution Shortfall Amounts and the Loan Balances of Qualified Substitute Timeshare Loans shall be calculated on an aggregate basis for all substitutions made on such Funding Date.

Appears in 1 contract

Samples: Note Funding Agreement (BBX Capital Corp)

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