Common use of Reconveyance Under Certain Circumstances Clause in Contracts

Reconveyance Under Certain Circumstances. The Transferor agrees to accept the reconveyance from the Agent, on behalf of the Conduits and/or the Bank Investors, of all Transferred Interests if the Agent notifies the Transferor of a material breach of any representation or warranty made or deemed made pursuant to Article III of this Agreement and Transferor shall fail to cure such breach within 15 days (or, in the case of the representations and warranties in Sections 3.1(d) and 3.1(j), three days) of such notice. The reconveyance price shall be paid by the Transferor to the Agent, for the account of the Conduits and/or the Bank Investors, as applicable, in immediately available funds on such 15th day (or 3rd day, if applicable) in an amount equal to the aggregate of the Aggregate Unpaids for each Class.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Saks Inc)

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Reconveyance Under Certain Circumstances. The Transferor agrees to accept the reconveyance recon- veyance from the Agent, on behalf of the Conduits Company and/or the Bank Investors, of all the Transferred Interests Interest if the Agent notifies the Transferor of a material breach of any representation or warranty made or deemed made pursuant to Article III of this Agreement and Transferor shall fail to cure such breach within 15 days (or, in the case of the representations and warranties in Sections 3.1(d) and 3.1(j), three 3 days) of such notice. The reconveyance price shall be paid by the Transferor to the Agent, for the account of the Conduits and/or Company and the Bank Investors, as 0000000.05-01S7a 85 applicable, in immediately available funds on such 15th day (or 3rd day, if applicable) in an amount equal to the aggregate of the Aggregate Unpaids for each Class.Unpaids. 0104420.05-01S7a 86

Appears in 1 contract

Samples: Transfer and Administration Agreement (Tech Data Corp)

Reconveyance Under Certain Circumstances. (a) The Transferor agrees to accept the reconveyance from the Agent, on behalf of the Conduits Company and/or the Bank Investors, of all the Transferred Interests Interest if the Agent notifies the Transferor of a material breach of any representation or warranty made or deemed made pursuant to Article III Section 3.1(a), 3.1(b) or 3.1(c) of this Agreement and the Transferor shall fail to cure such breach within 15 days (or, in the case of the representations and warranties in Sections 3.1(d) and 3.1(j), three days) of such notice. The reconveyance price shall be paid by the Transferor to the Agent, for the account of the Conduits and/or Company and the Bank Investors, as applicable, in immediately available funds on such 15th day (or 3rd day, if applicable) in an amount equal to the aggregate of the Aggregate Unpaids for each ClassUnpaids.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Lci International Inc /Va/)

Reconveyance Under Certain Circumstances. The Transferor agrees to accept the reconveyance from the Agent, on behalf of the Conduits Company and/or the Bank Investors, of all the Transferred Interests Interest if the Agent notifies the Transferor of a material breach of any representation or warranty made or deemed made pursuant to Article III of this Agreement and Transferor shall fail to cure such breach within 15 days (or, in the case of the representations and warranties in Sections 3.1(d) and 3.1(j), three 3 days) of such notice. The reconveyance price shall be paid by the Transferor to the Agent, for the account of the Conduits and/or Company and the Bank Investors, as applicable, in immediately available funds on such 15th day (or 3rd day, if applicable) in an amount equal to the aggregate of the Aggregate Unpaids for each ClassUnpaids.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Proffitts Inc)

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Reconveyance Under Certain Circumstances. The Transferor agrees to accept the reconveyance from the Agent, on behalf of the Conduits Company and/or the Bank Investors, of all the Transferred Interests Interest if the Agent notifies the Transferor of a material breach of any representation or warranty made or deemed made pursuant to Article III of this Agreement and Transferor shall fail to cure such breach within 15 30 days (or, in the case of the representations and warranties in Sections 3.1(d) and 3.1(j), three 10 days) of such notice. The reconveyance price shall be paid by the Transferor to the Agent, for the account of the Conduits and/or Company and the Bank Investors, as applicable, in immediately available funds on such 15th day (or 3rd day, if applicable) in an amount equal to the aggregate of the Aggregate Unpaids for each ClassUnpaids.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Shaw Industries Inc)

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