Common use of Repayment Clause in Contracts

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicable.

Appears in 96 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-D), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-C)

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Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or for distribution according to the Administrator, as applicablepriority of payments under Section 8.2 on the related Payment Date.

Appears in 82 contracts

Samples: Indenture (Ford Credit Auto Owner Trust 2024-D), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Owner Trust 2024-C)

Repayment. If the Issuer Issuer, the Servicer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer Issuer, the Servicer or the Administrator, as applicable.

Appears in 74 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

Repayment. If the Issuer Issuing Entity or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.05 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer Issuing Entity or the Administrator, as applicable.

Appears in 47 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Asset Representations Review Agreement (CNH Equipment Trust 2024-B)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 and the an ARR Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the such ARR Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 37 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2024-B), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2024-B), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 32 contracts

Samples: Transfer and Servicing Agreement (Verizon Owner Trust 2020-B), Omnibus Amendment (Verizon Owner Trust 2020-A), Omnibus Amendment (Verizon Owner Trust 2020-C)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 7.2 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 16 contracts

Samples: Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-C), Trust Agreement (Verizon Owner Trust 2020-B)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.06 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 12 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1)

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Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 11 contracts

Samples: Asset Representations Review Agreement (California Republic Funding LLC), Asset Representations Review Agreement (Ford Credit Floorplan LLC), Asset Representations Review Agreement (California Republic Funding LLC)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 6.7(b) and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 4 contracts

Samples: Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC), Indenture (Ford Credit Auto Receivables Two LLC)

Repayment. If the Issuer or the Administrator makes a payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Issuer or the Administrator, as applicableIssuer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Verizon Owner Trust 2020-B), Asset Representations Review Agreement (Verizon ABS LLC)

Repayment. If the Issuer or the Administrator Manager makes a any payment to an Indemnified Person under this Section 4.6 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the AdministratorManager, as applicable.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD), Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

Repayment. If the Issuer or the Administrator makes a any payment to an Indemnified Person under this Section 4.6 4.05 and the Indemnified Person later collects from others any of the amounts for which the payment was madepayments were made to it from others, the Indemnified Person will promptly repay those the amounts to the Issuer or the Administrator, as applicable.

Appears in 1 contract

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC)

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