Common use of Reacquisition Sole Remedy Clause in Contracts

Reacquisition Sole Remedy. The sole remedy against any Originator for a breach of an Originator’s Eligibility Representation is to require such Originator to reacquire the related Receivables under this Section 3.4. The Depositor will enforce each Originator’s reacquisition 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 15 contracts

Samples: Omnibus Amendment (Vzot 2018-A), Originator Receivables Transfer Agreement (Verizon Owner Trust 2020-C), Originator Receivables Transfer Agreement (Verizon Owner Trust 2020-C)

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Reacquisition Sole Remedy. The sole remedy against any Originator for a breach of an Originator’s Group Eligibility Representation is to require such Originator to reacquire the related Receivables under this Section 3.4. The Depositor will enforce each Originator’s reacquisition 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 5 contracts

Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Originator Receivables Transfer Agreement (Verizon Master Trust)

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Reacquisition Sole Remedy. The sole remedy against any Originator for a breach of an Originator’s 's Eligibility Representation is to require such Originator to reacquire the related Receivables under this Section 3.4. The Depositor will enforce each Originator’s 's reacquisition 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: Originator Receivables Transfer Agreement (Verizon ABS LLC)

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