REPURCHASE DATE PAYMENTS Sample Clauses
The Repurchase Date Payments clause defines the obligations regarding payments that must be made on the date a repurchase transaction is settled. Typically, this clause specifies the amount to be paid, the timing of the payment, and the method by which payment should be made, often referencing the repurchase price or any accrued interest. For example, in a securities repurchase agreement, the buyer is required to pay the agreed repurchase price to the seller on the designated repurchase date. The core function of this clause is to ensure that both parties clearly understand their payment responsibilities at the conclusion of the repurchase transaction, thereby reducing the risk of disputes or payment delays.
REPURCHASE DATE PAYMENTS. On each Repurchase Date, Seller shall remit or shall cause to be remitted to Buyer the Repurchase Price together with any other Obligations then due and payable.
REPURCHASE DATE PAYMENTS. On each Repurchase Date for any Transaction or individual Purchased Asset (other than a Repurchase Date on which the related Purchased Assets automatically become subject to a new Transaction in accordance with Section 3(f) hereof), Seller shall remit or shall cause to be remitted to Buyer the Repurchase Price together with any other Obligations then due and payable and thereafter and following the exercise of any of Buyer’s rights of setoff hereunder, all excess proceeds received by Buyer at any time thereafter with respect to such Transaction or individual Purchased Asset over such amount shall be remitted by Buyer to Seller.
REPURCHASE DATE PAYMENTS. On each Repurchase Date for each Transaction or, as applicable, set of Related Transactions, each Seller party thereto shall remit or shall cause to be remitted to each Buyer party thereto, its respective Buyer’s Repurchase Price.
REPURCHASE DATE PAYMENTS. One (1) Business Day prior to ------------------------ each Repurchase Date, Buyer shall inform Custodian via facsimile of the amount payable by Seller to Buyer on such Repurchase Date pursuant to the Repurchase Agreement and Custodian shall, on such Repurchase Date, transfer such amount from the Contract Account to the Buyer's Account in accordance with Section 4.2 hereof. If Available Funds on deposit in the Contract Account are not sufficient on such date to pay amounts payable pursuant to the Repurchase Agreement in full, the Custodian shall notify Buyer and Seller of such circumstance by telephone or telecopy and Seller shall deposit to the Contract Account in immediately available funds the amount of such deficiency.
REPURCHASE DATE PAYMENTS. On each Repurchase Date for any Transaction or individual Purchased Asset or Underlying Asset (other than a Repurchase Date on which the related Purchased Assets automatically become subject to a new Transaction in accordance with Section 3(f) hereof), the related Seller shall remit or shall cause to be remitted to Buyer the Repurchase Price together with any other Obligations then due and payable.
REPURCHASE DATE PAYMENTS. COLLECTIONS ------------------------------------ On each Repurchase Date, Seller shall remit or shall cause to be remitted to Buyer the Repurchase Price.