Objection and Purchase Sample Clauses
The Objection and Purchase clause outlines the process by which a buyer can raise concerns or objections regarding the condition or status of an item or property before finalizing a purchase. Typically, this clause specifies the timeframe within which objections must be made, the types of issues that can be objected to (such as defects or title problems), and the seller's obligations to address or remedy these objections. Its core practical function is to protect the buyer by ensuring that any significant issues are identified and resolved prior to completion of the sale, thereby reducing the risk of post-purchase disputes.
Objection and Purchase. If the Insurer (if no Insurer Default has occurred and is continuing) or any holder of the Notes (if an Insurer Default has occurred and is continuing) objects to any substitution of Leases within ten days of receipt of the Servicer's monthly report providing notice thereof pursuant to Section 6.01 above, on the grounds either that any Substitute Lease or Additional Lease is not an Eligible Lease within the meaning of the definition thereof or that such substitution or addition is otherwise not permitted under the provisions of Section 11.01 hereof, the Originator shall be entitled to present such additional information as it deems appropriate in an effort to demonstrate that such Lease is an Eligible Lease and that such substitution is permitted under the provisions of Section 11.01 hereof. Following such presentation, the substitution shall remain effective if each person originally objecting to the substitution withdraws the objection. If the conditions specified in the preceding sentence are not satisfied, or if at any time it is established that any lease was not, at the time of substitution, an Eligible Lease, then the Originator shall be required to purchase such Lease in accordance with the provisions of Section 5.04 hereof.
Objection and Purchase. If any holder of the Notes objects to any substitution of Leases within ten days of receipt of the Servicer's monthly report providing notice thereof pursuant to Section 5.01 above, on the grounds either that any Substitute Lease or Additional Lease is not an Eligible Lease within the meaning of the definition thereof or that such substitution or addition is otherwise not permitted under the provisions of Section 9.01 hereof, the Transferor shall be entitled to present such additional information as it deems appropriate in an effort to demonstrate that such Lease is an Eligible Lease and that such substitution is permitted under the provisions of Section 11.01 hereof. Following such presentation, the substitution shall remain effective if each person originally objecting to the substitution withdraws his objection. If the conditions specified in the preceding sentence are not satisfied, or if at any time it is established that any lease was not, at the time of substitution, an Eligible Lease, then the Transferor shall be required to purchase such Lease in accordance with the provisions of Section 4.04 hereof.
Objection and Purchase. 51 11.04 Originator's, Seller's and Servicer's Subsequent Obligations........................51 SECTION 12. ASSIGNMENT.......................................................................52
Objection and Purchase. If the Lender objects to any purchase of release or substitution of Contracts within ten days of receipt of the Servicer's Certificate providing notice thereof pursuant to Section 3.09 of the Servicing Agreement, on the grounds either that any Substitute Contract is not an Eligible 47 Warehouse and Security Agreement Contract within the meaning of the definition thereof or that such purchase of release or substitution is otherwise not permitted under the provisions of Section 11.01 hereof, the Borrower shall be entitled to present such additional information as it deems appropriate in an effort to demonstrate that such Contract is an Eligible Contract and that such purchase of release or substitution is permitted under the provisions of Section 11.01 hereof. Following such presentation, the procurement of release or substitution shall remain effective if each Person originally objecting to the substitution withdraws the objection. If the conditions specified in the preceding sentence are not satisfied, or if at any time it is established that any Contract was not, at the time of substitution, an Eligible Contract, then the Borrower shall be required to purchase the release of such Contract in accordance with the provisions of Section 11.01(a) hereof.
Objection and Purchase. 47 11.04 Originator's, Seller's and Servicer's Subsequent Obligations ...... 47
Objection and Purchase. 34 9.04 Transferor's and Servicer's Subsequent Obligations..............34 ii 4 SECTION 10. ASSIGNMENT.....................................................35
Objection and Purchase. 34 9.04 Transferor's and Servicer's Subsequent Obligations.................34
Objection and Purchase. 15 5.04 Seller's Subsequent Obligations....................................15 SECTION 6. ASSIGNMENT.........................................................16