Repurchase by Transferor Clause Samples
The 'Repurchase by Transferor' clause establishes the right or obligation of the original seller (the transferor) to buy back assets or interests previously transferred to another party. Typically, this clause outlines the specific conditions under which the repurchase can occur, such as the occurrence of certain events, breaches of representations, or the failure of the assets to meet agreed-upon criteria. By providing a clear mechanism for reversing the original transfer, this clause helps manage risk and ensures that both parties have recourse if the transaction does not proceed as intended.
Repurchase by Transferor. Upon any repurchase of the Series 1997-1 Notes by the Transferor pursuant to Section 2.6 or Section 12.2(a), as the case may be, of the Agreement, the Transferor shall pay, in addition to the amounts set forth in Section 2.6 or Section 12.2(a), as the case may be, of the Agreement and any accrued and unpaid costs under Section 16 hereof and all other accrued and repaid costs, expenses or fees owing to any Person hereunder, under any Series 1997-1 Note or under the Note Purchase Agreement.
Repurchase by Transferor