Common use of Receivable Repurchase Events Clause in Contracts

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the Termination Date, with respect to any Receivable the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection Account upon repurchase thereof. All amounts deposited into the Collection Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the Revolving Commitment Termination Date, with respect to any Receivable the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection Disbursement Account upon repurchase thereof. All amounts deposited into the Collection Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the thea Revolving Commitment Termination Date, with respect to any Receivable included in the applicable Borrowing Base, the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection applicable Disbursement Account upon repurchase thereof. All amounts deposited into the Collection a Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the a Revolving Commitment Termination Date, with respect to any Receivable included in the applicable Borrowing Base, the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection applicable Disbursement Account upon repurchase thereof. All amounts deposited into the Collection a Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the Termination Date, with respect to any Receivable Receivable, the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the applicable Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the applicable Collection Account upon repurchase thereof. All amounts deposited into the thea Collection Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the Revolving Commitment Termination Date, with respect to any Receivable the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant applicable Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection Disbursement Account upon repurchase thereof. All amounts deposited into the Collection Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (ai) Upon the occurrence of a Receivable Repurchase Event following the Scheduled Commitment Termination Date, with respect to any Receivable the applicable Seller shall shall, within two (2) Business Days of such occurrence, (x) repurchase each affected Receivable pursuant to the terms of the Receivables Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection Account upon repurchase thereof. All amounts deposited into the Collection Account pursuant to this Section 2.8(a2.8(a)(i) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.

Receivable Repurchase Events. (a) Upon the occurrence of a Receivable Repurchase Event following the Revolving Commitment Termination Date, with respect to any Receivable the applicable Seller shall (x) repurchase each affected Receivable pursuant to the terms of the Purchase Agreement or the relevant Bank Partner Sale Agreement, as applicable, at a price equal to the Receivable Repurchase Price and (y) deposit the Receivable Repurchase Price for each affected Receivable directly into the Collection applicable Disbursement Account upon repurchase thereof. All amounts deposited into the Collection thea Disbursement Account pursuant to this Section 2.8(a) shall be applied as Collections on the related Settlement Date pursuant to Section 2.10.