Mandatory Repurchase Obligation Sample Clauses

Mandatory Repurchase Obligation. If there is a Change of Control of the Company, the Holder of this Note shall have the right to require the Company to repurchase all or a portion of this Note at a purchase price equal to 101% of the principal amount hereof plus accrued and unpaid interest to the date of repurchase, as provided in, and subject to the terms of, the Indenture.
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Mandatory Repurchase Obligation. If there is a Change of Control Triggering Event of the Company, any Holder of Notes will have the right to cause the Company to repurchase all or any part of the Notes of such Holder at a repurchase price equal to 101% of the principal amount of the Notes to be repurchased plus accrued and unpaid interest to the date of repurchase (subject to the right of Holders of record on the relevant Regular Record Date to receive interest due on the related Interest Payment Date) as provided in, and subject to the terms of, the Indenture.
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Mandatory Repurchase Obligation. If there is a Change of Control of ------------------------------- the Company, the Holder of this Note shall have the right to require the Company to repurchase all or a portion of this Note at a purchase price equal to 101% of the principal amount hereof plus accrued and unpaid interest to the date of repurchase, as provided in, and subject to the terms of, the Indenture. In addition, under certain circumstances, if the Company engages in certain asset sales, the Company shall be required to offer to purchase a portion of the aggregate principal amount of Notes outstanding together with accrued and unpaid interest to the date of purchase, as provided in, and subject to the terms of, the Indenture.
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Mandatory Repurchase Obligation. 1. NFC may from time to time advise ITEC that it will not purchase additional Wholesale Contracts from certain Dealers due to credit reasons or that specific authority for the transfer to it of any additional Wholesale Contracts is required. In the event that ITEC sells and assigns Wholesale Contracts of NFC in violation of such instructions, ITEC shall repurchase such Wholesale Contracts for the unpaid principal balance thereof plus earned interest on the next Business Day after notice from NFC. 2. In the event that ITEC breaches any of the warranties contained in Section E of this Article II relating to any Retail or Wholesale Contract ITEC shall, upon notice from NFC of such breach, repurchase such Retail or Wholesale Contract for the Net Unpaid Balance thereof in the case of a Retail Contract, or for the unpaid principal balance thereof plus earned interest in the case of a Wholesale Contract, each on the first Business Day after written notice of such breach shall have been given by NFC.
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Mandatory Repurchase Obligation. (a) If within the applicable time period set forth in Section 12.5 above the applicable Seller fails to cure, in all material respects, any representation or warranty with respect to any Mortgage Loan in Section 3(b) of a Sale Agreement which is, in any material respect, false, incorrect or misleading, then, the Company shall cause to be repurchased each Mortgage Loan with respect to which such false, incorrect or misleading representation or warranty was made (each, a "Defective Mortgage Loan") on the Distribution Date following the first Record Date after the expiration of the 90-day cure period described in Section 12.5 hereof, related to such Defective Mortgage Loan (a "Repurchase Date"). (b) Each Defective Mortgage Loan shall be so repurchased at the Mortgage Purchase Price therefor, which shall be paid into the Collection Account in immediately available funds on such Repurchase Date; provided, -------- however, that in the case of a Defective Mortgage Loan as to which discovery of ------- a breach of a representation or warranty contained in Section 3(b) of a Sale Agreement is made, or notice thereof is given, the related Seller, at its election, may in substitution for such Defective Mortgage Loan sell a Substitute Mortgage Loan to the Company, which will then pledge such Substitute Mortgage Loan to the Trustee upon the satisfaction of the following conditions: (i) the related Seller executes and delivers an Assignment of the Substitute Mortgage Loan to the Company or at the direction of the Company, to the Trustee; (ii) the related Seller delivers, or causes to be delivered, the Mortgage Loan Documents to the Trustee; and (iii) the related Seller, in an Officer's Certificate, confirms all representations and warranties of Section 3 of the Sale Agreement and provides to the Trustee copies of all necessary filings and recording. The Servicer shall file and record such documents. On any date of determination, the aggregate Outstanding Principal Balance of the Substitute Mortgage Loans as of the related dates of substitution shall not exceed 3% of the Outstanding Pool Balance as of the Cut-Off Date. Upon satisfaction of such conditions, the Servicer shall add the Substitute Mortgage Loan to, and delete the Defective Mortgage Loan from, the Schedule of Mortgage Loans. Such substitution shall be effected prior to the first Distribution Date that occurs more than 90 days after the related Seller becomes aware, or should have become aware, or receives wri...
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Mandatory Repurchase Obligation. 72 Section 12.7.
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Mandatory Repurchase Obligation. 73 Section 12.7. Subsequent Loans.............................................74 Section 12.8. Reports by Trustee to Noteholders............................75 Section 12.9. Accounting by Trustee to Company.............................75 Section 12.10. Trust Estate.................................................76 Section 12.11.
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Related to Mandatory Repurchase Obligation

  • Repurchase Obligation At any time after the date hereof, the Partnership, the members of the Family Group of a Partner that becomes a Former Partner and the Family Holders that are not members of such Family Group shall collectively have the obligation (the “Repurchase Obligation”) to purchase from any Person who is then a Former Partner all of the Partnership Interests (the “Repurchase Interests”) directly or indirectly owned by such Former Partner immediately prior to the applicable Withdrawal Event, and such Former Partner shall be obligated to sell to the purchasing members of such Family Group, such Family Holders and/or the Partnership, as the case may be, all of such Person’s Repurchase Interests. In order to purchase Repurchase Interests pursuant to the Repurchase Obligation, such Family Group member or Family Holder must be an Authorized Transferee of the Former Partner. The Repurchase Obligation shall be effected as follows: (a) Within ten (10) days after the Partnership’s receipt of a notice from a Former Partner as provided in Section 7.2 or the Partnership’s independent determination that a Withdrawal Event has occurred, the Partnership shall provide written notice (the “Repurchase Notice”) to the Former Partner of (i) the Repurchase Obligation; (ii) the number of Repurchase Interests; and (iii) a Valuation Notice setting forth the Initial Value of the Repurchase Interests. Thereafter, the Purchase Price shall be determined under Section 1.76 of this Agreement. (b) Within ten (10) days after the Starting Date, the Partnership shall notify each member of such Former Partner’s Family Group that is an Authorized Transferee of such Former Partner and each Family Holder that is not a member of such Family Group and is an Authorized Transferee of such Former Partner of (i) the occurrence of the Repurchase Obligation; (ii) the number of Repurchase Interests; (iii) the Purchase Price of the Repurchase Interests; (iv) the interest set forth in Section 7.4; and (v) the Starting Date. (c) Within twenty-five (25) days after the Starting Date, each such member of such Family Group and each such Family Holder shall notify the Partnership of how many, if any, of the Repurchase Interests it elects to purchase. (d) Within thirty-five (35) days after the Starting Date, the Partnership shall provide written notice to each Partner providing notice pursuant to Section 8.6(c) of (i) the allocation of the Repurchase Interests among those Persons pursuant to the terms of Section 8.7; (ii) the number of Repurchase Interests to be purchased by the Partnership pursuant to the terms of Section 8.7; (iii) the time, date and place of Closing, which shall be no sooner than ninety (90) days after the Starting Date and no later than one hundred twenty (120) days after the Starting Date; and (iv) amounts payable to the Former Partner pursuant to Section 7.4. (e) The Repurchase Interests shall be allocated in the manner provided in Section 8.7. (f) Notwithstanding the foregoing provisions of this Section 8.6, a Qualified Entity shall not have a Repurchase Obligation.

  • Purchase Obligation An obligation of the Company to repurchase Mortgage Loans under the circumstances and in the manner provided in Section 2.07 or Section 2.08.

  • Mandatory Repayment The aggregate principal amount of the Loans outstanding on the Maturity Date, together with accrued but unpaid interest thereon, shall be due and payable in full on the Maturity Date.

  • Mandatory Repayments (a) On any day on which the sum of (I) the aggregate outstanding principal amount of all Revolving Loans (after giving effect to all other repayments thereof on such date), (II) the aggregate outstanding principal amount of all Swingline Loans (after giving effect to all other repayments thereof on such date) and (III) the aggregate amount of all Letter of Credit Outstandings, exceeds the Total Commitment as then in effect, the Borrower shall prepay on such day the principal of Swingline Loans and, after all Swingline Loans have been repaid in full or no Swingline Loans are outstanding, Revolving Loans in an amount equal to such excess. If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Loans, the aggregate amount of the Letter of Credit Outstandings exceeds the Total Commitment as then in effect, the Borrower shall pay to the Administrative Agent at the Payment Office on such day an amount of cash equal to the amount of such excess (up to a maximum amount equal to the Letter of Credit Outstandings at such time), such cash to be held as security for all obligations of the Borrower to the Issuing Lender and the Lenders hereunder in a cash collateral account to be established by the Administrative Agent. (b) Notwithstanding anything to the contrary contained in this Agreement or in any other Credit Document, (i) all then outstanding Revolving Loans shall be repaid in full on the Maturity Date, (ii) all then outstanding Swingline Loans shall be repaid in full on the Swingline Expiry Date and (iii) all then outstanding Loans shall be repaid in full on the date on which a Change of Control occurs. (c) On any day on which the Asset Coverage Ratio is less than 2.00:1.00 (based on the most recently delivered Valuation Certificate, subject to adjustments contemplated by Section 8.01(j)), the Borrower shall prepay principal of outstanding Loans and/or cash collateralize outstanding Letters of Credit, in accordance with the immediately following sentence, in an aggregate amount necessary to increase the Asset Coverage Ratio to at least 2.00:1.

  • Mandatory Redemption The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes.

  • Unconditional Purchase Obligations Not, and not permit any Subsidiary to, enter into or be a party to any contract for the purchase of materials, supplies or other property or services if such contract requires that payment be made by it regardless of whether delivery is ever made of such materials, supplies or other property or services.

  • Limited Obligation The obligations, covenants and agreements of the Agency hereunder shall not constitute or give rise to an obligation of the State of New York, the County, or any city, town, village or school district within which the Project Facility is located and neither the State of New York, the County, nor any such city, town, village or school district shall be liable thereon, and further, such obligations, covenants and agreements shall not constitute or give rise to a general obligation of the Agency.

  • Capital Lease Obligations With respect to any Person, the obligations of such Person to pay rent or other amounts under any Capitalized Lease.

  • Lease Obligations Manager shall perform all duties of the landlord under all Leases insofar as such duties relate to operation, maintenance, and day-to-day management. Manager shall also provide or cause to be provided, at Owner’s expense, all services normally provided to tenants of like premises, including where applicable and without limitation, gas, electricity or other utilities required to be furnished to tenants under Leases, normal repairs and maintenance, and cleaning, and janitorial service. Manager shall arrange for and supervise the performance of all installations and improvements in space leased to any tenant that are either expressly required under the terms of the lease of such space or that are customarily provided to tenants.

  • Limited Obligations This Agreement does not create any obligation of the Securities Intermediary except for those expressly set forth in this Agreement. The Securities Intermediary may conclusively rely and shall be fully protected in acting or refraining from acting upon notices and communications it believes to be genuine and given by the appropriate party. Except for permitting a withdrawal, delivery or payment in violation of Article III, the Securities Intermediary shall not be liable to the Secured Party or the Issuer for any error of judgment made in good faith and in accordance with this Agreement, nor shall it otherwise be liable under this Agreement except as a result of its own willful misconduct, bad faith or negligence.

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