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: Transfer and Servicing Agreement (Vzot 2018-A), Originator Receivables Transfer Agreement (Verizon Owner Trust 2020-C), Receivables Transfer Agreement (Verizon Owner Trust 2020-C)
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: Transfer and Servicing Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust), Originator Receivables Transfer Agreement (Verizon Master Trust)
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.
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