Common use of Buyer Event of Default Clause in Contracts

Buyer Event of Default. The failure of Buyer Agent to promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (i) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (ii) Buyer Agent’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, without limitation, any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or presenting such Original Note to Cofina for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.

Appears in 2 contracts

Samples: Master Repurchase Agreement (CHS Inc), Master Repurchase Agreement (CHS Inc)

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Buyer Event of Default. The failure of Buyer Agent to promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (i) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (ii) Buyer AgentBuyer’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina Hill-Rom Finance Company LLC in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, including without limitation, limitation any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or through Buyer presenting such Original Note to Cofina Hill-Rom Finance Company LLC for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Hill-Rom Holdings, Inc.), Master Repurchase Agreement (Hill-Rom Holdings, Inc.)

Buyer Event of Default. The failure of Buyer Agent to promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (i) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (ii) Buyer AgentBuyer’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina Hill-Rom Finance Company LLC in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, including without limitation, limitation any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or through Buyer presenting such Original Note to Cofina Hill-Rom Finance Company LLC for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law. 12.

Appears in 1 contract

Samples: Master Repurchase Agreement (Hill-Rom Holdings, Inc.)

Buyer Event of Default. The failure of Buyer Agent to (i) promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (iA) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (iiB) Buyer AgentBuyer’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) or (ii) comply with Paragraph 8 of this Annex I, in either case, shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina Outfront Media Receivables LLC in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, including without limitation, limitation any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or through Buyer presenting such Original Note to Cofina Outfront Media Receivables LLC for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.. -9-

Appears in 1 contract

Samples: Master Repurchase Agreement (OUTFRONT Media Inc.)

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Buyer Event of Default. The failure of Buyer Agent to (i) promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (iA) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (iiB) Buyer AgentBuyer’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) or (ii) comply with Paragraph 8 of this Annex I, in either case, shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina Outfront Media Receivables TRS, LLC in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, including without limitation, limitation any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or through Buyer presenting such Original Note to Cofina Outfront Media Receivables TRS, LLC for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.. -9-

Appears in 1 contract

Samples: Master Repurchase Agreement (OUTFRONT Media Inc.)

Buyer Event of Default. The failure of Buyer Agent to (i) promptly redeliver the Original Note to Seller or its agent when and as required pursuant to Paragraph 7 of this Annex I (it being understood, for the avoidance of doubt, that such redelivery obligation is subject to (iA) Seller’s payment in full of the Repurchase Price with respect to the applicable outstanding Transaction without application of any set off or netting and (iiB) Buyer AgentBuyer’s rights pursuant to Paragraph 11(d) of the SIFMA Master (as amended by this Annex I) to sell, dispose of or otherwise exercise remedies with respect to the Purchased Securities in connection with an Event of Default with respect to Seller) or (ii) comply with Paragraph 8 of this Annex I, in either case, shall be an Event of Default with respect to Buyer. Upon the occurrence of any such Event of Default, Buyer Agent shall be liable to Seller for the amount of all reasonable legal or other expenses incurred by Seller and/or Cofina Outfront Media Receivables LLC in connection with or as a result of such Event of Default and any other loss, damage, cost or expense directly arising or resulting from the occurrence of such Event of Default, including, including without limitation, limitation any costs incurred to recover the Original Note and any damages resulting from Buyer Agent, Buyers or another party acquiring the Original Note or through Buyer presenting such Original Note to Cofina Outfront Media Receivables LLC for payment. In the event of an Event of Default with respect to Buyer, Seller shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.

Appears in 1 contract

Samples: Master Repurchase Agreement (OUTFRONT Media Inc.)

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