Acquisition Sole Remedy. The sole remedy against the Servicer for a breach of an Eligibility Representation is to require the Servicer to acquire the related Receivables under this Section 3.4. The Depositor will enforce the Servicer’s acquisition obligation under this Section 3.4. For the avoidance of doubt, nothing contained in this Section 3.4(d) shall limit any remedy of the Issuer against the Parent Support Provider contained in the Parent Support Agreement.
Appears in 21 contracts
Samples: Receivables Transfer Agreement (Verizon ABS II LLC), Receivables Transfer Agreement (Verizon Owner Trust 2020-B), Receivables Transfer Agreement (Verizon ABS II LLC)
Acquisition Sole Remedy. The sole remedy against the Servicer or the Additional Transferor for a breach of an the Servicer’s Group Eligibility Representation is to require the Servicer to acquire the related Receivables under this Section 3.4. The Depositor will enforce the Servicer’s acquisition obligation under this Section 3.4. For the avoidance of doubt, nothing contained in this Section 3.4(d) shall limit any remedy of the Issuer Trust against the Parent Support Provider contained in the Parent Support Agreement.
Appears in 6 contracts
Samples: Additional Transferor Receivables Transfer Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust)
Acquisition Sole Remedy. The sole remedy against the Servicer for a breach of an Eligibility Representation is to require the Servicer to acquire the related Receivables under this Section 3.4. The Depositor will enforce the Servicer’s 's acquisition obligation under this Section 3.4. For the avoidance of doubt, nothing contained in this Section 3.4(d) shall limit any remedy of the Issuer against the Parent Support Provider contained in the Parent Support Agreement.
Appears in 1 contract
Samples: Master Trust Receivables Transfer Agreement (Verizon ABS LLC)
